Justice Strategies

(The Associated Press — David Crary — March 23, 2006)

In reaction to the crack epidemic of the 1980s, laws creating drug-free zones around schools spread nationwide. Now, hard questions are being raised — by legislators, activists, even law enforcement officials — about the fairness and effectiveness of those laws.

In New Jersey, Connecticut and Washington state, bills have been proposed to sharply reduce the size of the zones. A former assistant attorney general in Massachusetts reviewed hundreds of drug-free-zone cases, and found that less than 1 percent involved drug sales to youths.

Since the infamous photos of abuses at Abu Ghraib prison in Iraq first came to light, much has been said about the role that the U.S. military and CIA have played in connection with the human rights violations. But reports of similar abuse in the United States are all too common, which suggests that America's dehumanizing prison culture has now been exported elsewhere in the world.

The process of putting together a bond deal is complicated and delicate. Investors choose from thousands of options when buying municipal bonds and most seek deals that involve something between little risk and no risk at all. Yet the projects financed by bonds are often massive, involving dozens of risk factors. The task of investment bankers and others who put together bond deals is to put together a package that not only eliminates or minimizes risk factors, but also minimizes the appearance of risk.