It's Thursday, March 13, 1986: Microsoft, founded more than a decade earlier and already a powerhouse in the world of personal computer software, executes an initial public stock offering that will raise $61 million for the company and leave 30-year-old co-founder Bill Gates unfathomably wealthy.
CDCR today announced that it has met an important benchmark to reduce the stateâs prison population. A Three-Judge Court order, affirmed by the U.S. Supreme Court, requires CDCR to cut its prison population to 124,000 by June 27, 2012 and ultimately reduce overcrowding by 34,000 inmates. On June 20, the most recent count, Californiaâs prison inmate population was 121,129.
The city has embarked on a four-year program to add 4,000 inmate spaces to its current inmate capacity of 10,609 to house a city prison population that is expected to grow to nearly 14,000 inmates by 1988.he report maintained that its proposals to reduce prison overcrowding could reduce inmate-space needs by more than 1,300 beds, saving city taxpayers $53 million a year in operating expenses and $95 million in proposed jail construction costs.