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.
About one in every 31 adults in the U.S. was in prison, in jail or on supervised release at the end of 2006. There are 905,000 African American inmates in federal prisons and state and local jails. The percentage of black men in state and federal prisons in 2006 fell to 38 percent from 43 percent in 2000.