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New York City has led the US with the sharpest increase in the number of reported shoplifting incidents since before the pandemic, according to a study.

The Big Apple saw a 64% increase in reported incidents of retail theft during the four-year period between mid-2019 and June of this year, while Los Angeles experienced a 61% surge in the same metric, according to the Council on Criminal Justice.

Despite the spike in reported shoplifting incidents, New York City saw an 8% decrease in the first half of 2023, according to the study.

A New York Police Department spokesperson pointed to crime statistics showing that there were more than 93,000 incidents of petty larceny so far this year — which is 29% higher compared to the same period two years ago but 5% lower compared to the same period last year.

LA, meanwhile, saw a 109% increase in reported retail theft incidents in the first six months of this year — the highest in the country, the report found.

Dallas was second with a 73% bump in the number of reported shoplifting incidents in the first half of 2023.

Virginia Beach, Dallas, Raleigh, Boston, and Pittsburgh are the other cities that saw a spike in the number of shoplifting incidents that were reported over the course of the last four years — although their gains were well short of those in New York and LA, the report found.

The analysis was put together using data gleaned from law enforcement agencies or city websites as well as statistics from the National Incident-Based Reporting System.

The analysis, which examined shoplifting data in 24 cities where police publish data on retail theft, found that shoplifting reports were 16% higher — about 8,450 more incidents — during the first half of 2023 compared to the first half of 2019.

With New York excluded from the sample, however, the number of incidents among the study cities was 7% lower — about 2,550 fewer incidents.

A surge in shoplifting has forced retail locations nationwide to train security cameras on product shelves containing socks and men’s underwear while locking up items such as electric toothbrushes and razors in hopes of combating the surge in shoplifting.

The authors of the Council on Criminal Justice study caution that it is unclear what lies behind the trends, though “bail reform is one possible explanation.”

Another factor contributing to the increased reportage of shoplifting incidents is the change in the rate which retailers contact law enforcement.

Shoplifting, especially smash and grab episodes caught on video, has received extensive attention from the media and policymakers, and retailers have cited theft concerns in closing stores and placing goods in locked cases, said CCJ Research Specialist Ernesto Lopez, co-author of the report.

Far better data from law enforcement and the retail industry data is needed to help strengthen our grasp of shoplifting trends. For now, its unclear if the increase is a result of increased shoplifting, increased reporting from businesses to police, or a combination of both.

In 2019, New York State approved sweeping changes aimed at keeping defendants who cant afford bail from being disproportionately jailed.

But those changes have been tweaked twice before amid criticism that judges were being deprived of a tool they could use to hold people likely to commit new crimes.

In April, Gov. Kathy Hochul announced that judges will have more discretion to jail people awaiting trial for alleged crimes — a policy change fiercely resisted by some of her fellow Democrats.

A recent report by the National Retail Federation, a trade group representing US retailers, said that chains had lost $112 billion due to a wave of organized theft rings in New York, San Francisco, LA, and Houston last year — up from $93.9 billion in 2021.

Target said earlier this year that it expects to suffer as much as a $1.3 billion hit to its bottom line because of theft and organized crime.”

The latest police statistics show that rates of burglary and grand larceny have fallen so far this year compared to the same period in 2022.

To date, burglary in the five boroughs has fallen 13.2% since the start of the year compared to the same period last year while grand larceny has dropped 3.3%.

Incidents of robbery have also decreased in number, according to the New York Police Department.

Since the start of the year, there have been a reported 14,159 incidents of robbery — down nearly 5% compared to the same period last year.

San Francisco and Seattle saw the two biggest drops in the number of retail theft incidents between January and June of this year, according to the research.

Analysts found there was a 35% decrease in the number of reported shoplifting incidents in the Bay Area, where several high-profile thefts were caught on camera.

Seattle, meanwhile, saw a 31% drop during the same period.

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South Korean court clears Wemade ex-CEO in Wemix manipulation case

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South Korean court clears Wemade ex-CEO in Wemix manipulation case

South Korean court clears Wemade ex-CEO in Wemix manipulation case

After nearly a year of legal proceedings, a South Korean court acquitted former Wemade CEO Jang Hyun-guk of market manipulation charges.

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Is there £15bn of wiggle room in Rachel Reeves’s fiscal rules?

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Is there £15bn of wiggle room in Rachel Reeves's fiscal rules?

Are Rachel Reeves’s fiscal rules quite as iron clad as she insists?

How tough is her armour really? And is there actually scope for some change, some loosening to avoid big tax hikes in the autumn?

We’ve had a bit of clarity early this morning – and that’s a question we discuss on the Politics at Sam and Anne’s podcast today.

Politics Live: Reeves to reform financial regulations

And tens of billions of pounds of borrowing depends on the answer – which still feels intriguingly opaque.

You might think you know what the fiscal rules are. And you might think you know they’re not negotiable.

For instance, the main fiscal rule says that from 2029-30, the government’s day-to-day spending needs to be in surplus – i.e. rely on taxation alone, not borrowing.

And Rachel Reeves has been clear – that’s not going to change, and there’s no disputing this.

But when the government announced its fiscal rules in October, it actually published a 19-page document – a “charter” – alongside this.

And this contains all sorts of notes and caveats. And it’s slightly unclear which are subject to the “iron clad” promise – and which aren’t.

There’s one part of that document coming into focus – with sources telling me that it could get changed.

And it’s this – a little-known buffer built into the rules.

It’s outlined in paragraph 3.6 on page four of the Charter for Budget Responsibility.

This says that from spring 2027, if the OBR forecasts that she still actually has a deficit of up to 0.5% of GDP in three years, she will still be judged to be within the rules.

In other words, if in spring 2027 she’s judged to have missed her fiscal rules by perhaps as much as £15bn, that’s fine.

Rachel Reeves during a visit to Cosy Ltd.
Pic: PA
Image:
A change could save the chancellor some headaches. Pic: PA

Now there’s a caveat – this exemption only applies, providing at the following budget the chancellor reduces that deficit back to zero.

But still, it’s potentially helpful wiggle room.

This help – this buffer – for Reeves doesn’t apply today, or for the next couple of years – it only kicks in from the spring of 2027.

But I’m being told by a source that some of this might change and the ability to use this wiggle room could be brought forward to this year. Could she give herself a get out of jail card?

The chancellor could gamble that few people would notice this technical change, and it might avoid politically catastrophic tax hikes – but only if the markets accept it will mean higher borrowing than planned.

But the question is – has Rachel Reeves ruled this out by saying her fiscal rules are iron clad or not?

Or to put it another way… is the whole of the 19-page Charter for Budget Responsibility “iron clad” and untouchable, or just the rules themselves?

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Is Labour plotting a ‘wealth tax’?

And what counts as “rules” and are therefore untouchable, and what could fall outside and could still be changed?

I’ve been pressing the Treasury for a statement.

And this morning, they issued one.

A spokesman said: “The fiscal rules as set out in the Charter for Budget Responsibility are iron clad, and non-negotiable, as are the definition of the rules set out in the document itself.”

So that sounds clear – but what is a definition of the rule? Does it include this 0.5% of GDP buffer zone?

Read more:
Reeves hints at tax rises in autumn
Tough decisions ahead for chancellor

The Treasury does concede that not everything in the charter is untouchable – including the role and remit of the OBR, and the requirements for it to publish a specific list of fiscal metrics.

But does that include that key bit? Which bits can Reeves still tinker with?

I’m still unsure that change has been ruled out.

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LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

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LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

LA sheriff deputies admit to helping crypto ‘Godfather’ extort victims

The Justice Department says two LA Sheriff deputies admitted to helping extort victims, including for a local crypto mogul, while working their private security side hustles.

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