Home > History, Indian Economy, Politics, Religion, Uncategorized, World Economy > Is recession behind spike in bank robberies? – CNN.com

Is recession behind spike in bank robberies? – CNN.com


Capital punishment

Capital punishment

A rash of bank robberies in New York has the city’s police commissioner worried that criminals have turned banks into “virtual cash machines” and some wondering whether tough economic times are fueling the trend.

On Monday alone, robbers targeted five banks in the Big Apple, some striking in broad daylight and near famous landmarks. Police called the incidents unrelated, but they’re just the latest examples of the growing tally of hold-ups.

Bank robberies in New York have risen 54 percent compared with last year, with criminals committing more than 430 in the past 12 months, according to the New York police department. “As it stands now, they’ve turned [banks] into virtual cash machines,” New York Police Commissioner Raymond Kelly said.

Bank robberies are also up in many areas across the country, including San Diego, California, and Houston, Texas, federal law enforcement experts told CNN.

It’s enough for some to link the trend to the rash of layoffs, the plummeting stock market and the bust in the real estate values, all of which have left many Americans in dire financial straits. (via Is recession behind spike in bank robberies? – CNN.com).

The root causes of high crime levels …

At different times, high crime levels are blamed on the following five elements. The theory in crime management is control these five and you are in control: –

  1. Police to population ratio (increase police force).
  2. Prison population (put more criminals behind bars)
  3. Capital punishment (kill enough criminals to instil fear)
  4. Poverty (it is povery which the root of all crime)
  5. Gun ownership (more guns means more crime)

The Indian conundrum …

India has the low scores on the first three indices – low number of policemen, low prison population and low capital punishment number – and high on gun ownership and poverty.

Yet the crime rate in India is in the low-to-average range. How come? 4000 years back in history is the answer …

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