Suicide... 1 in 121
Car accident... 1 in 247
Pedestrian accident... 1 in 608
Complications from medical or surgical care...1 in 1,222
Riding a bike... 1 in 4,663
Falling from a ladder or scaffold... 1 in 8,412
Legal execution... 1 in 58,618
Being buried alive in a cave-in or landslide... 1 in 65,945
Dog bite... 1 in 147,717
Fireworks accident... 1 in 615,488
Taking a Bite Out Of Bank Mergers
Want to get tough on crime? Get tough on bank mergers, suggest two economists who argue that property crimes increase in communities when banks and other types of financial institutions combine and competition decreases.
"Neighborhoods that experienced more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer households, and higher property crime in subsequent years," assert professors Mark J. Garmaise of UCLA and Tobias J. Moskowitz of the University of Chicago.
The economists acknowledge that the effect of mergers on property crime is small but clearly important to local residents. "Applying our results to national crime figures from the FBI's Uniform Crime Reports, the mean decline in banking competitiveness due to mergers from 1992 to 1995 that we document is associated with approximately 24,300 more property crime offenses over the period 1995 to 2000 across the U.S.," they claim in a newly published working paper by the National Bureau of Economic Research.
Moreover, they found that greater competition had the opposite effect: States that deregulated branch banking, leading to the proliferation of neighborhood lending institutions, saw an increase in the supply of locally available credit and a reduction in future property crime, they claim.