ECONOMIC RELIEF MAY BE RIGHT AROUND THE CORNER.
CONGRESS WANTS TO PASS A NEW STIMULUS PACKAGE TO HELP FIX A CRISIS THAT DOESN'T SEEM TO BE ENDING ANYTIME SOON.
THE HEAD OF THE FEDERAL RESERVE, BEN BERNANKE, IMPLORED CONGRESS TO PASS A NEW STIMULUS PACKAGE TO HELP THE NATION'S FLOUNDERING ECONOMY.
(sound bite/video from Burnanke's address to the House Budget Committee):
"With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate."
A STIMULUS PACKAGE MIGHT LOOK LIKE THE ONE FROM LAST FEBRUARY WHEN PEOPLE RECEIVED TAX REBATE CHECKS UP TO $1,200. LEADING DEMOCRATS AGREE. HOUSE SPEAKER NANCY PELOSI HAD THIS TO SAY:
(sound bite/video from Pelosi):
"I call on President Bush and congressional Republicans to once again heed Chairman Bernanke's advice and as they did in January, work with Democrats in Congress to enact a targeted, timely and fiscally responsible economic recovery and job creation package."
BERNANKE HOPES THAT A STIMULUS PACKAGE WILL HELP CALM FEARS OF BOTH BANKS AND CONSUMERS. FIVE OF WALL STREET'S BIGGEST FIRMS FOLDED THIS YEAR AND 15 BANKS HAVE CLOSED.
(visual: Wall Street, exteriors of bank buildings and pedestrians)
THE TREASURY DEPARTMENT ANNOUNCED IT WOULD GIVE $250 BILLION TO U.S. BANKS TO REBUILD RESERVES AND ENCOURAGE THEM TO GIVE OUT LOANS.
(video: Henry Paulson, any tape, no sound)
A RECENT POLL FROM AP/YAHOO! CLAIMS THAT ONE OUT OF THREE AMERICANS WORRY ABOUT LOSING THEIR JOBS. HALF FEAR THAT THEY WON'T BE ABLE TO PAY THEIR CREDIT CARDS AND MORTGAGES ON TIME. LEADERS HOPE THAT A NEW STIMULUS PACKAGE WILL HELP CALM THESE FEARS.
ADRIENNE SAIA, NEWS TEAM BOULDER.
Tuesday, October 21, 2008
Sunday, October 19, 2008
Comparing Crime: Boulder and Philadelphia
The crime rates between a large city on the eastern seaboard and a small town nestled in the Rocky Mountains present a striking numerical evaluation.
In 2006, Philadelphia recorded 406 murders within a population of 1,448,394 people. That is a rate of 2.8%.
Conversely, the city of Boulder, Colo. only experienced 1 murder in 2006 among their population of 102,659. The murder rate here ranks much higher at 9.4%.
Although Philadelphia experiences more instances of violent crime, it actually has a lower rate due to its high population.
In Boulder, despite being a relatively safe city, one crime drastically raises the crime rate.
This small case study proves that statistics can be misleading. Statistics should always be examined with prejudice and in the context of other statistics, such as population.
---
Resources:
U.S. Census Bureau
City of Boulder - Police Crime Statistics
City of Philadelphia - Police Crime Statistics
In 2006, Philadelphia recorded 406 murders within a population of 1,448,394 people. That is a rate of 2.8%.
Conversely, the city of Boulder, Colo. only experienced 1 murder in 2006 among their population of 102,659. The murder rate here ranks much higher at 9.4%.
Although Philadelphia experiences more instances of violent crime, it actually has a lower rate due to its high population.
In Boulder, despite being a relatively safe city, one crime drastically raises the crime rate.
This small case study proves that statistics can be misleading. Statistics should always be examined with prejudice and in the context of other statistics, such as population.
---
Resources:
U.S. Census Bureau
City of Boulder - Police Crime Statistics
City of Philadelphia - Police Crime Statistics
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