. >> woodruff: paul solman returns to new york city's riker's island to explore one way to keep teens from returning to jail: behavioral therapy. >> if we want to change outcomes we have to change behavior, and if we want to change behavior for the long run, we have to change the way we think. >> ifill: margaret warner looks at a billion dollar trove of picasso and other important cubist works, given by one man to the metropolitan museum of art. >> woodruff: and we close with a cuban activist's reflections on freedom, oppression and life as a dissident in her home country. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the cor

the newshour's economics correspondent, paul solman, looked into the project as part of his ongoing reporting, "making sense of financial news." >> solman: new york city's infamous riker's island jail, responsible for the bulk of the city's billion-dollar corrections budget. it's home to 88,000 inmates a year, many of them regular repeat offenders. >> complete turnstile. >> solman: rockefeller foundation president judith rodin has been as despairing as most social reformers about so- called turnstile recidivism and its costs, both to the taxpayer and to society. >> these people don't get put back in prison for doing nothing, so there's all the social cost of what next crime they commit during this period and throughout the remaining periods that make them go back, and back, and back numerous times. >> solman: but in 2010, rodin heard about a new financial approach to recidivism: social impact bonds. >> this team of investment bankers formed an organization in the u.k. called social finance and asked themselves the question: could we create a bond just like a typical bond structure, but where

. >> ifill: paul solman has the story of older workers starting new businesses late in life. >> if you're smart and you realize you're getting older, well then, get into a business where you leverage the younger people and eventually you become the great gray god. >> brown: and judy woodruff looks into the trial of kermit gosnell-- the philadelphia abortion doctor accused of eight counts of murder. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the chechen-american teenager accused in the boston marathon bombings now faces a possible death sentence. the filing of char

. >> woodruff: paul solman returns to new york city's riker's island to explore one way to keep teens from returning to jail: behavioral therapy. >> if we want to change outcomes we have to change behavior, and if we want to change behavior for the long run, we have to change the way we think. >> ifill: margaret warner looks at a billion dollar trove of picasso and other important cubist works, given by one man to the metropolitan museum of art. >> woodruff: and we close with a cuban activist's reflections on freedom, oppression and life as a dissident in her home country. >> ifill: that's all ahead on tonight's "newshour." >> major funding for e pbs wshour has bn provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the obama administration has rolled out a new budget, but it was clear today the plan is in for a

. >> ifill: paul solman has the story of older workers starting new businesses late in life. >> if you're smart and you realize you're getting older, well then, get into a business where you leverage the younger people and eventually you become the great gray god. >> brown: and judy woodruff looks into the trial of kermit gosnell-- the philadelphia abortion doctor accused of eight counts of murder. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the chechen-american teenager accused in the boston marathon bombings now faces a possible death sentence. the filing of char

. >> ifill: paul solman has the story of a new way to invest, as goldman sachs partners with the city of new york to keep teenagers from returning to prison. >> we believe that we will make 5% on this. and we're not doing it to be charitable, we're doing it because it's an investment. >> woodruff: and as funeral arrangements are set for former prime minister margaret thatcher, we assess the divisive policies of the "iron lady." that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> more than two years ago, the people of b.p. made a commitment to the gulf. and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we shared what we've learned so that we can all produce energy more safely. b.p. is also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> bnsf railway. >> and by the bill and melinda gates foundation. dedicated to the idea that all peopl

innovative finance, paul, i think, is the next big step in solving social problems. >> solman: but wait a second. this is too good to be true, right? there must be skeptics. and, as if on cue, here's professor marc rosenman, an expert on charitable giving. >> if the concern is criminal activity and a possible repeat of it, why not prevent its emergence? why not invest in better early childhood education and public schooling and job training? >> solman: well, because we are shortsighted and we're strapped, and given those facts, this is better than nothing. >> if you are perpetuating a model that is dysfunctional at its core, i don't believe that it is better than nothing, although it's a great way for a new industry to make money. these social impact bonds will create an industry of intermediaries and deal makers and brokers and accountants and lawyers. and they'll be making a lot of money and i'm sure taking that money off the top before it ever makes it to underpaid nonprofit workers or the beneficiaries of the program. >> solman: there are other reasons for skepticism as well. yes, t

. >> sreenivasan: on his making sense page, paul solman looks back to 1913, the first year the federal income tax was permanently introduced. we compare tax rates then and now. and social security expert larry kotlikoff examines the way your benefits are taxed. all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on tuesday, we'll look at the bombings that rocked boston. >> brown: and i'm jeffrey brown. we'll see you online, and again here tomorrow evening. thank you for joining us. good night. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> macarthur foundation. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

. >> ifill: now, economics correspondent paul solman reports on late-blooming self-starters. it's the latest chapter in his look at older workers in the american economy and all part of his on-going reporting "making sense of financial news." >> look at this nice, tight stomach with the abs which you could grate cheese on. >> reporter: at 55, judi henderson-townsend is working with a much younger crowd. >> it's like living in the land of dorian gray here. nobody ever ages. >> reporter: after a career spent working with stiffs in the corporate world, says townsend, she started mannequin madness. >> i sell mannequins, i rent mannequins, i repair mannequins, i blog about mannequins. here in our warehouse, we recycle them for the stores for free and then we resell them or rent them to other people. >> reporter: so you mean all those good looking folk back there were going to be dumped. >> those were going to be tossed into the landfill because the store didn't need them anymore. they're just maybe a few years old, but structurally nothing is wrong with them. it's like having a pr

last night, "newshour" economics correspondent paul solman reported on a new way of creating private financing for such public programs. tonight, he explores how the program hopes to keep participants from ending up in jail again. it's part of his on-going reporting "making sense of financial news." >> reporter: high school on new york city's riker's island, the world's largest jail. though they make up just 6% of the population, the teen inmates here pose some of the biggest problems. >> they contribute to 28% of all of the fights which is the most common form of misconduct in a jail setting. >> reporter: dora schriro is ny city corrections commissioner. >> this group, one of the areas where they are terrifically weak is in decision making and problem solving and their propensity to impulsively rely on fights rather than insight, really contributes to how they got here and why it is that every one out of two are likely to come back pretty quick. >> reporter: in other words, nearly 50% are back in jail within a year of their release. that's why new york city officials have just launc

. >> woodruff: economics correspondent paul solman offers his own analysis of the unemployment picture. that's on our business page. and still to come on the "newshour": no way out for millions of syrians; a new ruling on emergency contraceptives; shields and brooks and secret offshore investments revealed. but first, the other news of the day. here's kwame holman. >> holman: tensions grew again today on the korean peninsula with reports the north has loaded two medium-range missiles onto mobile launchers. south korean media said they were hidden on the east coast. meanwhile, south korea deployed two warships armed with missile defense systems. we have a report from john irvine of "independent television news." >> reporter: it's a rare sight. the legendary spy plane, the u- 2. it may be an icon of the cold war but here it's no relic. ironically, it's still operational in the one place where that war persists. three of them fly out of this u.s. base near seoul. they can get into and out of hostile air space within minutes. north korea's just 50 miles from here and this is a u-2 returnin