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Tag: goldman sachs

The Promise of Social Impact Bonds

The Promise of Social Impact Bonds

Over the past few weeks, social impact bonds have received a lot of attention.  That is because New York City has partnered with Goldman Sachs to run a pilot program aimed at reducing recidivism among inmates at Rikers Island prison.  But first, a little background on social impact bonds. There are many social problems for which there is no clear-cut solution.  Homelessness, foster care, inmate recidivism, and other issues are often expensive to control.  Programs designed to address them are…

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Commodity Speculation, Rising Food Prices, and Goldman Sachs

Commodity Speculation, Rising Food Prices, and Goldman Sachs

Old habits die hard, and the motor patterns in my fingers that brought me to the Drudge Report so many times when I worked in a cubicle in Boston once again led me to page the other day.  Living up to its reputation for sensationalism, it featured a headline recently about the escalation of food prices around the world.  Unfortunately, while Drudge is usually over-the-top, rising food prices are no laughing matter.  In 2008, the rising cost of our daily…

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