Tag Archives: Crime

Delaware: Worse Than the Cayman Islands

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Can you guess which State is home to the most Fortune 500 companies? I bet Delaware was not obvious. That random State most people rack their brains to place on a map is taking the lead over the equally un-placeable Cayman Islands for best tax haven on Earth. Delaware has more corporate entities than people – 945,326 to 897,934. Last year alone over 133 thousand businesses set up there, and they’re paying very very little in taxes. About $9.5 billion in taxes is assumed to have been avoided just do to Delaware being a lousy teammate. “The Delaware loophole,” as Continue reading Delaware: Worse Than the Cayman Islands→

Big Bills = More Crime

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Imagine two shady characters, making a swap over briefcases. One ends up with cocaine or something, but the other opens his briefcase to reveal $100,000 in cash. Probably happens more frequently than you think. Now imagine that the $100 bill no longer exists and they want to make the same transaction. That dude’s got to lug around five briefcases now and that’s not suspicious at all. I’m making light of the situation, but a recent study by Peter Sands of Harvard gives a good argument that terminating big denomination notes would hurt criminal activity, and have little to no negative effects Continue reading Big Bills = More Crime→

Thesis Corner | Kenji Sekino

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Welcome back readers! This week on Thesis Corner we have another interview for you, but first have you heard about the PIE Conference happening on campus this weekend? Economics department professor Lisa Nunn will be one of the speakers tomorrow, along with many other campus voices about what frames their worlds. Check it out on Facebook. Also, if you’re an Economics student, we will be having Social Hour this afternoon from 4-6pm at Engine House No. 9. The department will provide the appetizers and conversation, all you need to do is show up! Now, here’s Kenji Sekino and his thesis on crime economics, “When Contempt Causes Animosity: How criminals perceive criminal Continue reading Thesis Corner | Kenji Sekino→