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This is probably laudable and all that. Private public partnership in a difficult economic environment. But I have to admit that my first reaction when I read this...
http://www.nytimes.com/2012/08/02/n...ork-city-jail-program.html?src=me&ref=general
... was a sardonic roll of the eyes followed by the thought: "So, they're going straight to the source, eh? No more middle men through college and university."
http://www.nytimes.com/2012/08/02/n...ork-city-jail-program.html?src=me&ref=general
In New York City, Mayor Michael R. Bloomberg plans to announce on Thursday that Goldman Sachs will provide a $9.6 million loan to pay for a new four-year program intended to reduce the rate at which adolescent men incarcerated at Rikers Island reoffend after their release.
The money is not a huge amount for Goldman, which last month reported over $900 million in second-quarter profit, and the investment promises a public-relations benefit for the Wall Street bank. For the city, the money allows the Bloomberg administration to demonstrate, and test, several of its priorities: enlisting private sector help in financing public needs, and tying program money to rigorous outcome evaluations.
... was a sardonic roll of the eyes followed by the thought: "So, they're going straight to the source, eh? No more middle men through college and university."