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White-Collar Sentences: Too Harsh, or Too Soft?

Loss calculations wildly swing the scale, as in the case of Bruce Karatz

(Newser) - Should Bruce Karatz spend half a decade in prison—or no time at all? Karatz, the ex-CEO of KB Homes, has been convicted of trying to swindle the company out of $11 million. The probation office says he should get eight months' home confinement. But prosecutors want to lock him... More »

Foreclosures Undercut Builders

(Newser) - Foreclosures and other vacant homes make this a tough time to be a builder, the Wall Street Journal reports. Consider Pulte Homes, which is selling a new, four-bedroom home in Las Vegas for $214,990—while a short sale nearby offers a similar Pulte-built home for $149,999. “We... More »

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