Question

Read The Atlantic article, "The Owl Thieves of Sweden." (pdf version)

Answer the following questions:

Explain what has caused Swedish criminals to take on "more outlandish crimes." Use examples. (1 paragraph)

What are some benefits of an economy going cashless? (1 paragraph)

Answer 1

1. Swedish thieves are embarking on ever more insane crimes, and Thieves may be emboldened by the fact that police are already stretched thin in Swedish cities due to rising burglaries and gang violence. Of particular audacity was a recent series of smash-and-grabs in downtown Stockholm. Burglars rammed a Volvo construction vehicle into the front of a Chanel boutique in the posh Norrmalm district early one morning last year. The Volvo was no match for the defensive bars of the storefront, despite doing significant damage; the perps finally gave up and fled. Five months later, a gang crashed a car through the entrance to a nearby luxury department store, and allegedly took off

While Sweden's banknote supply continues to decline, offenders have shown new zeal for the black market of endangered species, previously cornered by reptile wranglers and thefts of orchids. Recently, incidents against endangered animals have reached their highest level in a decade. Swedish bank robbers and light-fingered cashiers have used ABBA hit singles as their way. Yet other forms of crimes have flourished as paper money gets scarce. Internet scams are particularly common with robbers and range from humdrum phishing expeditions (using emails to obtain useful information such as banking passwords) to more novel and covert hustles such as "cryptojacking"

2. Business and individuals, too, may reduce extra costs. Theft also leaves a large hole in the pocket of one's. The risk of robbery will continue until people carry cash, and the same can be that by going cashless. It also has an impact on the government as the expenses that the government saves on nabbing the culprits will then be that. In countries like the US, burglary and attack have dropped by around 10 percent once the government has moved the social security payments to electronic transfer. However, the Government will take steps to curb online fraud and cases of identity theft

The government will use the cashless transaction data to develop their strategies and analyze them. By using these data, officials are able to forecast or classify activity trends and use these information for urban planning for sectors such as energy management, housing, and transport Companies and governments should become productive and will save costs because they no longer need to do the manual accounting work. The accounting and cash handling related costs are very high.