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The number of children in foster care across the country is driven not solely by child abuse and neglect, but by states' varying politics and approaches to social problems, a new University of Washington (UW) study finds.
States with more punitive criminal justice systems tend to remove children from their homes far more frequently than those with generous welfare programs — meaning that two states with similar rates of child abuse and neglect could have very different rates of foster care entry.
New research suggests a significant number of national and international American banks hired new Chief Risk Officers to mitigate risk but may have actually helped lead the industry into widespread insolvency.
Starting in the 1990s, many major banks hired Chief Risk Officers (CROs) in a response to new laws and regulations put in place following financial meltdowns in the 1980s. In an effort to comply, banking officials elevated risk analysts to corner offices to show they were serious about tackling risk.