Posts Tagged Britain

Bank Robbery Doesn’t Pay (Much) – Ideas Market – WSJ


Ideas Market

Top of Form

June 13, 2012


Bank Robbery Doesn’t Pay (Much)

By Christopher Shea


Everett Collection

Faye Dunaway and Warren Beatty, as Bonnie and Clyde, in the 1967 film.


Any would-be bank robber who does the math will find another line of work, argue three economists granted access to a confidential data set kept by the British Bankers’ Association.

In what’s billed as the first cost-benefit analysis of such crimes, the authors note that Britain saw 106 attempted or successful robberies of 10,500 branch banks in 2007. The average haul was $31,600, including the one-third of attempts that came up empty. The average “successful” heist landed about $46,600 — but about 20% of those successes were later tarnished, to say the least, when the raiders were arrested. Each incident involved an average of 1.6 people, resulting in a per-person take of $19,750: a mere half-years’ worth of wages for the average Britisher. (In the U.S., the authors say, the average total bank-robbery take, per incident, is even smaller, just over $4,000.) Think a half-year’s salary isn’t bad for one day’s work, plus a little planning? A “career” bank robber would more likely than not be arrested after only four attempts.

The authors of the study are Barry Reilly, of the University of Sussex, and Neil Rickman and Robert Witt, of the University of Surrey.

In Britain, ultra-fast-rising security screens tend to be used instead of armed guards. They cost nearly $7,000 per teller (and, where they’re installed, they reduce the average bank-heist haul basically to zero). About a tenth of banks have them. But given the penny-ante stakes of bank robbery, the authors argue they’re a pointless expense.

“The return on an average bank robbery is, frankly, rubbish,” they write.

(Significance, the magazine in which the article appears, is published by the Royal Statistical Society and targeted in part at a non-academic audience. Noting that successful criminals have probably already crunched the numbers and eschewed bank robbery for more remunerative illegal endeavors, Professors Reilly, Rickman, and Witt conclude by observing: “Statistics can help in all walks of life.”)

Source: “Robbing Banks: Crime Does Pay — But Not Very Much,” Barry Reilly, Neil Rickman and Robert Witt, Significance (June)

 Bank Robbery Doesn’t Pay (Much) – Ideas Market – WSJ.

, , , , , , ,

1 Comment

In Iraq, Abandoning Our Friends –


In Iraq, Abandoning Our Friends


Published: December 15, 2011

On the morning of May 6, 1783, Guy Carleton, the British commander charged with winding down the occupation of America, boarded the Perseverance and sailed up the Hudson River to meet George Washington and discuss the British withdrawal. Washington was furious to learn that Carleton had sent ships to Canada filled with Americans, including freed slaves, who had sided with Britain during the revolution.

Britain knew these loyalists were seen as traitors and had no future in America. A Patriot using the pen name “Brutus” had warned in local papers: “Flee then while it is in your power” or face “the just vengeance of the collected citizens.” And so Britain honored its moral obligation to rescue them by sending hundreds of ships to the harbors of New York, Charleston and Savannah. As the historian Maya Jasanoff has recounted, approximately 30,000 were evacuated from New York to Canada within months.

Two hundred and twenty-eight years later, President Obama is wrapping up our own long and messy war, but we have no Guy Carleton in Iraq. Despite yesterday’s announcement that America’s military mission in Iraq is over, no one is acting to ensure that we protect and resettle those who stood with us.

Earlier this week, Mr. Obama spoke to troops at Fort Bragg, N.C., of the “extraordinary milestone of bringing the war in Iraq to an end.” Forgotten are his words from the campaign trail in 2007, that “interpreters, embassy workers and subcontractors are being targeted for assassination.” He added, “And yet our doors are shut. That is not how we treat our friends.”

Four years later, the Obama administration has admitted only a tiny fraction of our own loyalists, despite having eye scans, fingerprints, polygraphs and letters from soldiers and diplomats vouching for them. Instead we force them to navigate a byzantine process that now takes a year and a half or longer.

The chances for speedy resettlement of our Iraqi allies grew even worse in May after two Iraqi men were arrested in Kentucky and charged with conspiring to send weapons to jihadist groups in Iraq. These men had never worked for Americans, and they managed to enter the United States as a result of poor background checks. Nevertheless, their arrests removed any sense of urgency in the government agencies responsible for protecting our Iraqi allies.

The sorry truth is that we don’t need them anymore now that we’re leaving, and resettling refugees is not a winning campaign issue. For over a year, I have been calling on members of the Obama administration to make sure the final act of this war is not marred by betrayal. They have not listened, instead adopting a policy of wishful thinking, hoping that everything turns out for the best.

Meanwhile, the Iraqis who loyally served us are under threat. The extremist Shiite leader Moktada al-Sadr has declared the Iraqis who helped America “outcasts.” When Britain pulled out of Iraq a few years ago, there was a public execution of 17 such outcasts — their bodies dumped in the streets of Basra as a warning. Just a few weeks ago, an Iraqi interpreter for the United States Army got a knock on his door; an Iraqi policeman told him threateningly that he would soon be beheaded. Another employee, at the American base in Ramadi, is in hiding after receiving a death threat from Mr. Sadr’s militia.

It’s not the first time we’ve abandoned our allies. In 1975, President Gerald R. Ford and Henry A. Kissinger ignored the many Vietnamese who aided American troops until the final few weeks of the Vietnam War. By then, it was too late.

Although Mr. Kissinger had once claimed there was an “irreducible list” of 174,000 imperiled Vietnamese allies, the policy in the war’s frantic closing weeks was icily Darwinian: if you were strong enough to clear our embassy walls or squeeze through the gates and force your way onto a Huey, you could come along. The rest were left behind to face assassination or internment camps. The same sorry story occurred in Laos, where America abandoned tens of thousands of Hmong people who had aided them.

It wasn’t until months after the fall of Saigon, and much bloodshed, that America conducted a huge relief effort, airlifting more than 100,000 refugees to safety. Tens of thousands were processed at a military base on Guam, far away from the American mainland. President Bill Clinton used the same base to save the lives of nearly 7,000 Iraqi Kurds in 1996. But if you mention the Guam Option to anyone in Washington today, you either get a blank stare of historical amnesia or hear that “9/11 changed everything.”

And so our policy in the final weeks of this war is as simple as it is shameful: submit your paperwork and wait. If you can survive the next 18 months, maybe we’ll let you in. For the first time in five years, I’m telling Iraqis who write to me for help that they shouldn’t count on America anymore.

Moral timidity and a hapless bureaucracy have wedged our doors tightly shut and the Iraqis who remained loyal to us are weeks away from learning how little America’s word means.

 In Iraq, Abandoning Our Friends –

, , , , , , ,

Leave a comment


Off the charts...

Thoughtfully Prepping

My Scribblings about Prepping and Survivalism

Mongos Blognet

“Logic will get you from A to Z; imagination will get you everywhere," said Albert Einstein.

The Better Man Project ™

a journey into the depths

Don Charisma

because anything is possible with Charisma

∙ tenderheartmusings ∙

we were born naked onto the page of existence; with nothing but the pen of our soul to write ourselves into eternal ecstasy ~ DreamingBear Baraka Kanaan

The Wine Wankers

G’day, you’re at the best wine blog ever! We're all about wine; without the wankery.

Good Time Stories

Inspiring and Heartwarming Stories

musings from a musical mind

60's flowerchild,herbalist,dreamer, seeker of truth


The Diary of a Retiree


Your Stories, My Stories, Our Stories


A fine site


Finishing Lifes Race Strong

Deep Shit Media

Alternative Sovereign Communications

38 Years

Perspective from the middle ages of life


A great site

Chastisement 2014

He is ready to separate the chaff from the wheat with his winnowing fork

Direct From The Street - Stuff We And People Share

Photos, Videos, Articles - Business, Social Media, Marketing, Entertainment, Fashion, Sports, Life


Get every new post delivered to your Inbox.

Join 366 other followers

%d bloggers like this: