Burglary business damaged by the economy

Recessions usually make crime rise, but not the latest one

By 247 wallst Nov 10, 2009 8:05AM

Crime © moodboard/SuperStockBurglaries are falling sharply, very sharply, since 1973.


The number of victims per thousand households has dropped from just over 100 thirty-five years ago to under 40 last year, according to the Bureau of Justice.  It appears the cause is, at least in part, the recession.

 

So far, 2009 has shown an even larger improvement than last year did. Burglary rates are down by as much as a third in some cities.

 

A number of municipalities have seen modest drops in burglaries, but in some large metropolitan areas like St. Louis and Boston, the drop has been dramatic.


Richard Rosenfeld, a sociologist at the University of Missouri-St. Louis who has studied crime trends, said rates typically rise during a recession, especially property crimes, according to the AP.


Some law enforcement officials say that the falling price of cooper and scrap metals have cut back home robberies. The commodities sell for so little, it is hardly worth the risk of a break-in. But, most law enforcement officials would point to improved crime fighting techniques including those advancements made due to technology.

 

New York City has had a notable drop in crime since Rudolph Guiliani decided the police force should target crime and make arrests for even minor infractions. He and police chief William Bratton used the theory that questioning the perpetrators at the bottom of the crime food chain would help them find people higher up in the pyramid of illegal activity. A rise in arrests also sent a message that almost no crime would go unpunished.

 

It is an odd recession when even crooks are out of work.

 

Top Stocks writer Douglas A. McIntyre is an editor at 24/7 Wall St.

 

Related articles:

 

Biotech stocks

 

Tracking market rumors

 

Top 500 companies


9Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

113
113 rated 1
279
279 rated 2
416
416 rated 3
647
647 rated 4
548
548 rated 5
513
513 rated 6
669
669 rated 7
516
516 rated 8
317
317 rated 9
113
113 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
UPLULTRA PETROLEUM Corp10
TAT&T Inc9
COPCONOCOPHILLIPS9
DVNDEVON ENERGY CORPORATION9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.