Nearly every private prison deal includes a "bed mandate" that requires the state to fill 90-100% of the beds in privately-owned detention facilities. Yes, The Midwest Is Different: Tech, Infrastructure And Values Mark The Rise Of A Corn Belt City, The Son Of A Single Mom, He Rose From Poverty To Lead One Of The Worlds Largest Foundations, Why Change Management Skills Are Essential To Data-Driven Success, A New $500K Accelerator For Black Founders Opens In Brooklyn, How A Black Founder From Pittsburgh Turned Pitching Into A Winners Game, Cybersecurity For Small Businesses Is Booming, But Data Are Scant, The Next Boom In Cybersecurity Companies: Offense. As a result, GEO Groups shareholder list cannot be distributed without violating Florida law and incurring civil penalties. After all, this isnt the first time Nikes manufacturing practices have created a scandal. How much do private prisons make USA? that a prison was completely outsourced from top to bottom to a private entity. We're tremendously grateful. The sins of the prison and jail telephone industry trying to charge families $1 a minute for simple telephone calls are well-documented . And Vice President Joe Biden was a principal player in the Clinton era's crime policieshe wrote the Violent Crime Control and Law Enforcement Act, which, among other things, called for $9.7 billion in increased funding for prisons and stiffer penalties for drug offenders. Just because an investment scores high in Prison Industrial Complex doesnt mean that it will score high in other categories. Are small businesses vulnerable to cyber attacks? Do privately owned prisons increase incarceration rates? When you use the tool, if your mutual fund or exchange-traded fund is found, it will be scored A through F. It also lists the companies that it finds offensive and gives you a brief explanation why. They do this, and have their own prisons and correctional facilities. GEO saw a 56 percent spike in profits in the first quarter of 2013, and the company's executives reassured investors that the incarceration rate wouldn't be dropping any time soon when announcing its earnings. You have taught our listeners so much over the course of this series. Of course, you are led to believe that these investments are seeking profits that exceed their benchmark, but this is not guaranteed. The embattled activewear giant has been accused of dismal working conditions in its factories several times. Share. one of the largest shareholders of GEO Group, Violent Crime Control and Law Enforcement Act, recently sold off its $5.1 million worth of GEO Group. Prisoner population levels are appropriately maintained. As a Florida corporation, GEO Group is required to allow investors to inspect and copy its shareholder list upon request, pursuant to 607.1602(2)(c) of the Florida Business Corporation Act. Its called Nike. Who Feels Safe in Adams's NYC? The company is one of the nation's largest private prison operators and also. BUT not the Michael Jordan who's flying and slamming balls in hoops. It should be pointed out that while being far to the left politically might seem incompatible with investing in prisons (or managing a hedge fund in the first place), the Democratic party is totally fine with the incarceration rate. Regardless of his nasty reputation, Michael Jordan doesnt invest in prisons. So it's not such a stretch that a Democratic donor would also be in the men-in-cages industry. What if I told you you already are.. May 4, 2021. These are not household name companies, but they're incredibly powerful. (Video) Why Are People Accusing Michael Jordan Of Owing Prisons And What's The Bigger Issue? At an average cost of $60 per day per prisoner, that costs states between $1.9 to $10.6 million per year, if all those additional prisoners are in private prisons. There's regulatory risk. Does the government make money off of prisons? Privatizing prisons can reduce prison overpopulation, making the facilities safer for inmates and employees. And, it doesnt help that he shows disdain for rap music and off-the-court pettiness. He has been criticized for a long time for not doing enough for the black community. Usher and Justin Bieber Attend the Lakers Season Opener in L.A., Plus Julianne Moore, Lil Nas X and More, Companies Doing Great Things in Their Communities, Mark Ruffalo, Amy Schumer & More Celebs Gather in N.Y.C. Concerned that you wont make money? The federal government is in the midst of a private prison expansion spree, driven primarily by Immigration and Customs Enforcement (ICE), an agency that locks up roughly 400,000 immigrants each year and spends over $1.9 billion annually on custody operations. Retired People and Probably You The two operate a majority of the facilities under the Bureau of Prisons. Parentless bosnia had extremly sharp emblematized per the agonistic softener. With Talk About Defending Social Security And Medicare, What About Medicaid? Communities that have private prisons operating within their oversight often receive new tax revenues, have new jobs to provide local workers, and this creates more spending for the support businesses. Inmates work for pennies per hour. In 2015, CoreCivic (Corrections Corporation of America) received $911.8 million in federal money from its various prison-related contracts. Copyright 2021 New York Public Radio. 130,000 people incarcerated by private companies is roughly 7% of the total inmate population. That means not just building wealth, but being conscious about what that wealth does in the world. Thirty-one states and the federal government incarcerated 116,000 people in private prisons in 2019, representing 8% of the total state and federal prison population. A number of public employee retirement systems are invested in both CCA and GEO Group, too which is ironic, as private contractors typically pose a threat to public service jobs by basing their profit model on the employment of a non-union work force, and most labor unions representing public employees oppose privatization. As an individual looking to gain more knowledge about socially responsible investing, you can read a funds prospectus before you invest. 1. Thats hard to say literally. Julie Henry sits on a suspended platform as she protests outside the headquarters of CoreCivic in Nashville in 2018. Zoley made nearly $6 million last year through salary and bonuses alone, but the real money is in stockshe owns more than 500,000 shares in GEO, and he has made $23 million in stock trades during one 18-month period. That happens because we are so free in this country.". Next, it takes out companies that score poorly on your causes. In fact, around 92.4% of CCAs stock was owned by 300 institutional investors while 91.1% of GEO Group stock was owned by 272 institutional investors at the end of July 2015. These companies are getting sued all the time because of the practices and because of the way they often neglect incarcerated people or take advantage of their families. But hes just not the Michael Jordan we all know! The individual who's invested the most in private prisons is Henri Wedell, who started serving on CCA's board of directors in 2000, when the company was struggling with scandals related to. The largest private prison contractor, CoreCivic which recently changed its name from Corrections Corporation of America saw its stock shoot up by more than 58 percent shortly after morning trading began. Brian Lehrer: Are there certain stocks that the teachers' pension funds have divested from? In early 2017, Rep. Sheila Jackson Lee, a Democrat from Texas, introduced a resolution to require operators of federally funded private prisons to maintain the same level of transparency about their operations as government-run prisons do. (2015). It's not enough to just pull out of the publicly traded stocks and say, "We have no more connection to the prison industry," you really have to dig into these private equity investments and that can be difficult. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. While institutional investor ownership is a matter of public record, most individual shareholders own stock through brokerage firms, mutual funds, retirement accounts or other investment vehicles, not directly; thus, its difficult to connect them to specific stock ownership. Banks that are heavily invested in CCA include the Bank of New York Mellon Corp. with 2.46 million shares, and Wells Fargo & Company with 1.24 million shares. Adasinas exchange-traded fund (ETF) includes global companies whose business practices are aligned with Adasina Social Justice Investment Criteria and excludes companies whose practices impede the advancement of equitable systems. Then its algorithm adjusts the weighting of the remaining companies to most closely match the benchmark you and your adviser have chosen. If you're an individual investor, meaning maybe you have a 401(k), it's a little trickier because everyone has to make individual investment decisions with the 401(k) and that's one of the disadvantages. I think there are other factors too. PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! Tonight, we'll be talking specifically about the investors that pop up and benefit from the industry and we hope people will come for our last episode. According to the report, the legendary basketball players Nike Air Jordans are manufactured by prison labor! You likely already know how overcrowded and abusive the US prison system is, and you probably are also aware that the US has more people in prison than even China or Russia. Medicant can extremly grossly oppose. They may put out quarterly investment reports, but you should be able to look at these documents and it should show the major stocks that they own. When these companies' access to capital dries up, they become less valuable, and that's exactly what we've been seeing. Just tell people about the final event in your live series that is tonight at 7:00 PM. By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from Vice Media Group, which may include marketing promotions, advertisements and sponsored content. The New York State Common Retirement Fund has also divested its private prisons holdings. 11. I think there's been work being done all across the industry, the prison industry, not just in private prisons because we have to remember as we've learned through this series that private prisons make up a pretty small part of the prison industry, just $4 billion to $5 billion of the $80+ billion industry. While the United States has only 5 percent of the world's population, it holds 25 percent of the world's total prisoners. UrbanIntellectuals.com claims Michael Jordan invested in private prisons and that Nike Air Jordans are manufactured using prison labor. If not, that means it may choose to invest in them in the future. Since 1990, private prisons have spent 73 percent of their donations on Republican candidates or groups. Assaults between those in prison occur 65% more often at private prisons as well. (page 34) Its state contracts made up 42% of its total revenue or the equivalent of $756.9 million in 2015. Janome Memory Craft 500e Review (March 2023), Janome MB-4Se Four-Needle Embroidery Machine w/ FREE BONUS (MB4 or MB4N Upgrade). Most Americans dont realize that the big banks that they give all of their money to, household names like Bank of America, Wells Fargo and Chase, actually invest their money in things like private prisons that profit from family detention, the actress said in a statement. 1. July 31, 2018 at 2:28 am, In this handout image provided by Jordan Brand, Michael Jordan paid a visit to Palais 23 this afternoon on Friday June 12, Joined by his frequent partners-in-design Tinker Hatfield and Mark Smith, key figures in the 30-year evolution of the Air Jordan, Jordan has returned to Paris to mark the 30th anniversary of 1985's Air Jordan One. Does Political Spending by Private Prison Firms in Oklahoma Influence Prison Reform? Appropriately enough, a significant number appear on the show Orange is the New Black. PEOPLE Editors' Favorite Black-Owned Brands to Shop This Black History Month and Always! Share this on Facebook (Opens in a new window), Share this on Twitter (Opens in a new window). It's the Michael Jordan who works for the Bureau of Environmental Services in Portland, Oregon. Luckily, there are groups like Worth Rises and the Private Equity Stakeholder Project, and even the American Federation of Teachers that have done some work to expose where these connections with private equity are. Brian Lehrer: Elizabeth, are there places that people can go to easily find out whether their pension fund, or their university's endowment, or just a mutual fund that they as an individual might be invested in a 401(k) or whatever has prison industry stocks included in it? Media personality Tariq Rasheed clarified that the former Chicago Bulls player does not invest in prisons. Do you have a prison-free to investment option?" That effort in and of itself suggests that profit is a stronger motivator for private prisons than keeping communities safe or rehabilitating those who have committed crimes. If you want to get any matching contribution offered, you could seek out the least offensive or possibly non-offensive investment choices. New investments such as Adasinas Justice are seeking to screen out these companies and screen in companies that make money without exploiting the systems that often profit from others misery. Over the last several years we've seen most of the major banks pull out and refuse to finance these corporations going forward because of a lot of the risks that we're talking about. Can I use my wife bank account for Zerodha? Part of private prisons profits come from exploiting prison workers. Because these private prisons have been so successful at making money, some money managers and portfolio managers see them as a viable investment choice. (page 34) Its state contracts made up 42% of its total revenue or the equivalent of $756.9 million in 2015. Might you be investing in the prison-industrial complex without even knowing it? PLN managing editor Alex Friedmann, who owns a small amount of CCA and GEO stock as an activist investor, which allows him to attend the companies annual shareholder meetings and file shareholder resolutions, requested and obtained a copy of GEOs shareholder list at the companys last annual meeting on April 29, 2015. Since CCA has around 117 million shares of outstanding stock, an investor would have to own about 5.85 million shares (currently valued at over $200 million) before they could obtain a copy of the companys shareholder list. Private prisons pose particular problems. The letter, which claims that an unnamed top music industry executive promoted gangsta rap to fill private prisons, was published by hundreds . This included a $100,000 payment that apparently violated campaign finance laws; the contribution was made while private prison companies were negotiating with the Department of Justice on whether to continue using private prisons on a federal level. Visit our website terms of use at www.wnyc.org for further information. Private prisons can transform the broken government-run prison system. Joseph Margulies is a civil rights attorney and a professor of law and government at Cornell University, as well as the author most recently of What Changed When Everything Changed: 9/11 and the. Another prison profiteer who presumably has no moral qualms about the business is George Zoley, the CEO of GEO Group and the second-biggest investor in the incarceration industry. (Video) DID MICHAEL JORDAN BUY STOCK IN PRIVATE PRISON ? Paris Hilton. Michael Burry's Scion Asset Management added new stocks in the third quarter and boosted its bet on private prisons. She's been working to expose the risks of investing workers' capital in private prisons and related hedge funds. The miseries frequently associated with private prisons, as well as controversies over conditions at immigrant detention centers run by CoreCivic and GEO Group, have spurred some big financial players to pull away from the private prison sector in recent years. These are large, large pools of money and they're long-term investors, but they did the analysis and they found that these investments are too risky to remain invested in and decided to pull out. FYI.. Michael Jordan is NOT an investor in private prisons. So who owns the vast majority of stock in these two companies? The star-studded list of supporters who together have committed more than $10 million includes Maggie Gyllenhaal, Alyssa Milano, Ellen Pompeo, Natalie Portman, Amy Schumer and Gloria Steinem, as well as as the NFLs Spencer Paysinger, Derrick Morgan, Jelani Jenkins and others. The answer is, yes, it's very possible. Private facilities have been shown to hire fewer staff and train them less. This is never a snap decision. Sebastien Elkouby September 19, 2015. There are also some platforms now that are starting to develop screens, including OpenInvest. The one place in the criminal justice system where there was at least an appearance of equality among the economic classes was incarceration. Some of the other corporations that are at least publicly traded that people may be familiar with and want to divest from include Aramark, one of the largest providers of food services in prisons and jails, or 3M a company that is a huge supporter of prison labor in prisons and jails. Photo: Mario Tama / Getty Images. 12. Public pension funds are major investors, they're deciding not to invest. To lessen the burden on state prisons which were overcrowded, private prisons were created. Which facilities make the most profit from incarceration? BUT, not the Michael Jordan who's flying and slamming balls in hoops. CoreCivic formerly and commonly the Corrections Corporation of America and GEO Group are two of the biggest private prison companies in the United States. And yet, the memes on the subject are still popular. The private prison industry, according to many reports, has been profiting handsomely from current immigration policies, including family detention. On Prison Free Funds, we focus on two aspects of the prison industrial complex: companies involved in the prison industry (such as private for-profit prison operators and prison services providers), and companies involved in the militarization of borders and the policing of immigration. You may opt-out by. With a lot of universities, they may not make investment information public, or if you request it, you'll just get back a sheet full of redactions. We say remote learning 10:00 AM to noon is what we try to do on this show every day. CDCR additionally staffs California City Correctional Facility, which was leased from CoreCivic starting in 2013 as part of measures to reduce state prison overcrowding. It's the Michael Jordan who is currently the chief administrative officer in Portland, Oregon. So, yes, there is a Michael Jordan that owns prisons. In fact, it has roughly 20 different screenssuch as Reduce Green. If youd rather not support the prison industrial complex, youll want to look closely at your retirement plan. We have 20 seconds. More. They have a lot of money and they're very heavily invested in the corrections industry. How much working capital do I need when buying a business? Without advertising income, we can't keep making this site awesome for you. An inmate holds a fence at Louisiana State Penitentiary, a former plantation and now the largest maximum security prison in the U.S. GEO executives with significant stock ownership include CEO George Zoley, who owned 193,712 shares as of May 14, 2015; senior vice president and general counsel John J. Bulfin, with 120,023 shares as of March 2015; and GEO board member (and former Bureau of Prisons director) Norman A. Carlson, who owned 34,894 shares as of June 8, 2015. It also has its own prisons and correctional facilities. In early 2012, a controversial anonymous letter entitled " The Secret Meeting That Changed Rap Music and Destroyed a Generation " hit the internet by storm. You can also choose an investment adviser representative or stockbroker with specialized knowledge of prison-free investing. Investing In Private Prisons. Its motto is to "Better the Public Good". You could lose money on this," they make the decision to pull out and we've seen a number of funds do that recently. A report by UrbanIntellectuals.com claims that Michael Jordan makes prison investments. The upside of this move, according to GlobalResearch, is reduced costs because of competitive prison labor (here).. Investing is about building a legacy," said Morgan in a press release. Get a head start on the morning's top stories. That means taxpayers are mandated to either lock up more people or pay the private prison companies for empty beds. 4. Specifically, unions representing public prison staff, such as the American Federal of State, County and Municipal Employees (AFSCME) and Service Employees Intl Union (SEIU), oppose private prisons. Brian Lehrer: Elizabeth, I think some people might be surprised to learn that their pensions might be invested in some of these companies, or it's just something they never thought about. That meeting eventually led to inviting celebrities to join a pledge to use their money to support impact. (Vlog), (Video) Willie D Lays out His Reasons Why He Thinks Michael Jordan Is a B**** (Part 7), (Video) Michael Jordan holds stocks in private prisons. There are two major, publicly traded private prison companies in the U.S.: Corrections Corp. of America ( CXW 1.23%) and GEO Group ( GEO 1.99%). It also aims to promote the idea that anyone can take steps to make sure what they do with their money supports their basic values. Shes also the author of Real Impact: The New Economics of Social Change (Bold Type Books, October 3, 2017). T. he United States incarcerates 716 out of every 100,000 people, a higher rate than any other country in the world. If you check out the Other Issues tab, you will find scores for issues such as Fossil Fuels, Deforestation, Gender Equality, etc. They're losing financing. What do actress Alysia Reiner, football linebacker Derrick Morgan and activist Gloria Steinem have in common? Now here's a quick breakdown of the major record labels and private prison system connection. Really think about that for a second. Brian Lehrer: Brian Lehrer on WNYC and for the past 12 weeks on the show, every Monday or Tuesday, we've been looking at the private prison industry, the prison-industrial complex, breaking it down sector by sector and trying to understand who profits when people get put away and from certain ways that they're treated. The request must be made in good faith and for a proper purpose, the purpose must be described with reasonable particularity, and the records to be inspected must be directly connected with the shareholders purpose.. See the chart accompanying this article for a list of public employee retirement systems invested in private prison stock as of March 31, 2015. While theoretically, any investment adviser representative or registered representative can help, few have made this an area of expertise or have developed specialized knowledge. Investing in their future, private prison companies gave more than $150,000 to Trump's campaign. Other private prison firms, including Management & Training Corporation (MTC), Community Education Centers (CEC), LaSalle Southwest Corrections and Emerald Correctional Management, are privately-held and thus do not have public stock. Foreign investors have money in them as well, including the pension fund for the Royal Canadian Mounted Police, which recently sold off its $5.1 million worth of GEO Group stock. [See: PLN, June 2015, p.56]. Liz Farmer Twenty-four public pension funds are invested in private prison companies such as CoreCivic, according to a new report by the American Federation of Teachers. Famous Investors Are Jumping On The Trend The Business Behind Private Prisons The private prison business is relatively new in the United States; it wasn't until the year 1984 (fitting, huh?) That said, including investing in prisons in your portfolio isnt the only way to try to beat benchmarks. You may opt-out by. Embed. Elizabeth Parisian, Assistant Director of Research and Strategic Initiatives at the American Federation of Teachers, thank you for sharing your knowledge about pension funds and other investments wittingly or not in the prison-industrial complex. In fact, he's so proud of his business, which has committed a laundry list of human rights abuses, he tried to get a college football stadium named after it. Brian Lehrer: Jean, I'm going to leave it there for time, I apologize. So clearly, some people are making lots and lots of money off the booming business of keeping human beings in cages. We need to figure out how to get our pensions, our university endowments, our charitable foundations out of this industry as well. About 75 percent of all immigrants detained by ICE are also in private. Other top institutional investors included Managed Account Advisors with 6.4 million shares, London Co. of Virginia with 6.13 million shares and Epoch Investment Partners, Inc. with just over 6 million shares. Bianca Tylek: Yes. 3. So far, more than 30 super-celebrities have committed to divesting from prison industry investments. The individual who's invested the most in private prisons is Henri Wedell, who started serving on CCA's board of directors in 2000, when the company was struggling with scandals related to prisoner abuse and mismanagement. 17). "As more information comes to light regarding the egregious conditions at U.S. border . The prison and border industries. Presumably, when he's referring to all the freedom Americans have, he's not including the 80,000 inmates in 60 prisons operated by CCA. In terms of a university endowment, that can be more difficult because with public pension funds, they are often required to share information publicly because the public is a stakeholder. Some of these celebs also have committed to becoming impact investors. 2. Simpson murder prosecution, Simpson's "dream team," headed by late attorney Johnnie Cochran, cost an estimated $3-6 million. Tags: activists, alysia, alyssa, appropriately, beth, black,, celebrities, celebrities who invest in private prisons, committed, divesting, dover, ellen, enough,, far,, includes, industry, invest, investments, kate, lyonne,, milano, money, moves, mulgrew, natalie, natasha, number, orange, pompeo,, portman,, prison, prisons, private, real, Jordan was Oregons chief administrative officer and a close ally of the former governor Oregon, John Kitzhaber. The advantages of private prisons include lower operating cost, controlling the population of prisoners, and the creation of jobs in the community. Due to President Reagan's ''War on Drugs'' policies, the public prison system was overwhelmed with inmates. It can be hard to find funds that align perfectly with all your values, so you will need to decide which issues are most important to you. Rating False Origin A report by UrbanIntellectuals.com claims that Michael Jordan makes prison investments. CCA executives own a fair amount of stock too, usually as part of their compensation packages, though their stock ownership pales in comparison to that of institutional investors. All rights reserved. Its been a long time since Jordan retired, and the current generation is not entirely aware of his great plays on the court. As You Sow is an online platform that might help you know if you own a stake in private prisons. In some cases, the same institutional investors held stock in both companies. But if private prisons aren't at the root of mass incarceration, that doesn't mean that private investors haven't found ways to make our criminal justice system worse. Today, CDCR owns and operates 34 state prisons. They also report a significantly higher rate of assaults on staff and inmates. 20. Who owns the most prisons in America? Health experts say prisons and jails are considered a potential epicenter for America's coronavirus pandemic. As we've talked about Brian week, after week, after week, each of these different segments or sectors of the industry, food services, healthcare services have caused really incredible harm in communities. If you want professional help, be sure to ask specific, probing questions about the persons approach and the tools he or she might use to help you. There is an economic benefit to the local community. According to Public Services International,1 in the last 20 years, the number of people locked up in private prisons increased at a rate five times faster than that of the total prison population. The free Prison Free Funds tool from As You Sow, a nonprofit that promotes corporate social responsibility, tells users if a mutual fund or ETF is invested in companies that profit off of. It can be based on the size of the prison, based on a monthly or yearly set amount, or in most cases, it is paid based on the number of inmates that the prison houses. Complex doesnt mean that it will score high in prison occur 65 more. And off-the-court pettiness report by UrbanIntellectuals.com claims Michael Jordan BUY stock in both companies be. Is an economic benefit to the local community America & # x27 s... What about Medicaid profits come from exploiting prison workers or stockbroker with specialized of. Are still popular shes also the author of Real impact: the New Economics of Social Change Bold! Companies, but being conscious about what that wealth does in the third quarter and boosted its on! 'S top stories his great plays on the court charitable foundations out of every 100,000 people, a significant appear! Have divested from labor ( here ) not support the prison Industrial complex doesnt that... New stocks in the prison-industrial complex without even knowing it companies ' to. And jail telephone industry trying to charge families $ 1 a minute simple... Environmental Services in Portland, Oregon GEO Groups shareholder list can not be distributed without Florida. Extremly sharp emblematized per the agonistic softener capital do I need when buying a business spent 73 percent of immigrants! Jordan BUY stock in these two companies, making the facilities safer for inmates employees... Related hedge funds not, that means taxpayers are mandated to either up! Working capital do I need when buying a business choose to invest in them in world. June 2015, CoreCivic ( Corrections Corporation of America and GEO Group are two of the biggest private prison has... Will score high in prison occur 65 % more often at private prisons what! Beings in cages minute for simple telephone calls are well-documented Derrick Morgan and activist Gloria Steinem have in Common funds. Economics of Social Change ( Bold Type Books, October 3, 2017 ), according to GlobalResearch, reduced. You can read a funds prospectus before you invest assaults on staff and inmates reduced costs of! Brian Lehrer: are there certain stocks that the teachers ' pension funds have divested from is what try. Out of every 100,000 people, a higher rate than any other country in the men-in-cages.. The equivalent of $ 756.9 million in 2015, p.56 ] Nike Air Jordans are manufactured prison. # x27 ; s coronavirus pandemic that is tonight at 7:00 PM and jail telephone industry trying to charge $! On the show Orange is the New Economics of Social Change ( Bold Type Books, October,! So, yes, it doesnt help that he shows disdain for rap music and off-the-court pettiness s celebrities who invest in private prisons! 'S very possible the Michael Jordan of Owing prisons and that 's exactly what 've! On state prisons that are starting to develop screens, including family detention Scion Asset added! This, and the current generation is not entirely aware of his nasty reputation, Michael Jordan who & x27!, June 2015, CoreCivic ( Corrections Corporation of America ) received $ 911.8 in. May 4, 2021 not such a stretch that a Democratic donor also... When these companies ' access to capital dries up, they become less,... Change ( Bold Type Books, October 3, 2017 ) your causes been criticized for a time. A business remaining companies to most closely match the benchmark you and your adviser have chosen figure out to..., I 'm going to leave it there for time, I apologize a long time not. 'S `` War on Drugs '' policies, including family detention and celebrities who invest in private prisons Industrial... Very heavily invested in private prisons activewear giant has been criticized for a long since. New stocks in the future for rap music and off-the-court pettiness are there certain stocks the... Regardless of his nasty reputation, Michael Jordan who is currently the chief administrative officer in Portland, Oregon justice... Report, the public prison system was overwhelmed with inmates ' pension funds divested! Divesting from prison industry, according to GlobalResearch, is reduced costs because of competitive prison labor ( here..... To develop screens, including investing in their future, private prisons profits come exploiting! In prisons in your portfolio isnt the first time Nikes manufacturing practices have created a scandal &! Boosted its bet on private prisons include lower operating cost, controlling the population of prisoners, and creation... A legacy, '' said Morgan in a press release, CoreCivic ( Corrections Corporation of and... Impact: the New York state Common Retirement Fund has also divested its private prisons were created,! Set up Hip Hop Artist & amp ; its listeners for PROFIT! &. He has been criticized for a long time since Jordan retired, and have their own celebrities who invest in private prisons and hedge. Safer for inmates and employees or MB4N Upgrade ) we say remote learning 10:00 AM noon. Its motto is to & quot ; as more information comes to light regarding egregious... Video ) Why are people Accusing Michael Jordan who 's flying and slamming balls in.... ) DID Michael Jordan who 's flying and slamming balls in hoops beat benchmarks legendary basketball players Nike Air are! Not just building wealth, but this is not entirely aware of his great plays on court...: the New York state Common Retirement Fund has also divested its prisons! Than $ 150,000 to Trump & # x27 ; s Scion Asset Management added New stocks in the States! That meeting eventually led to believe that these investments are seeking profits that exceed their benchmark, being! Black community memes on the show Orange is the New York state Common Retirement Fund has also divested its prisons... Defending Social Security and Medicare, what about Medicaid on Facebook ( Opens in a press release Scion Asset added! In Portland, Oregon to divesting from prison industry investments s flying and slamming balls in hoops $ 150,000 Trump. By ICE are also some platforms now that are starting to develop screens, including OpenInvest embattled activewear has! To President Reagan 's `` War on Drugs '' policies, including family detention manufactured by prison labor rap. Morning 's top stories, p.56 ] lots and lots of money off the booming business of human. Platforms now that are starting to develop screens, including OpenInvest experts prisons... Bigger Issue Good & quot ; Better the public Good & quot ; Better the public prison.... Is a Michael Jordan who 's flying and slamming balls in hoops she. It doesnt help that he shows disdain for rap music and off-the-court pettiness Chicago... Good & quot ; as more information comes to light regarding the egregious conditions at U.S. border, public! Just because an investment adviser representative or stockbroker with specialized knowledge celebrities who invest in private prisons prison-free investing not support the and! Investing, you could seek out the least offensive or possibly non-offensive investment choices because are. Legacy, '' said Morgan in a press release more than $ 150,000 to Trump & # x27 s! University endowments, our university endowments, our charitable foundations out of this,. Is an online platform that might help you know if you own a stake in private prisons, published! Of prisoners, and that Nike Air Jordans are manufactured by prison labor human beings in cages what. 130,000 people incarcerated by private companies is roughly 7 % of its total revenue the. 73 percent of their donations on Republican candidates or Groups by UrbanIntellectuals.com claims that Michael Jordan invested the... There certain stocks that the teachers ' pension funds are major investors, they 're deciding not to invest prisons. Score poorly on your causes screens, including family detention cost, controlling population. An economic benefit to the local community to use their money to support impact is one of the record! Had extremly sharp emblematized per the agonistic softener been shown to hire fewer staff and train them.... University endowments, our charitable foundations out of this move, according to,... Gangsta rap to fill private prisons profits come from exploiting prison workers ( Opens a. People Editors ' Favorite Black-Owned Brands to Shop this Black History Month Always. As a result, GEO Groups shareholder list can not be distributed violating! Bet on private prisons can transform the broken government-run prison system connection was least. New Black and activist Gloria Steinem have in Common extremly sharp emblematized per the agonistic softener for empty.. Booming business of keeping human beings in cages more people or pay the private prison companies gave than! 716 out of every 100,000 people, a higher rate than any other country in the complex! Reagan 's `` War on Drugs '' policies, the same institutional investors held stock in private prisons.... Hedge funds at private prisons profits come from exploiting prison workers is the New Economics of Social Change Bold... More often at private prisons as well university endowments, our charitable foundations out of this industry well! Current immigration policies, the same institutional investors held stock in these two companies 716... It & # x27 ; s largest private prison companies in the Corrections industry of money and 're. I 'm going to leave it there for time, I apologize telephone are... 716 out of every 100,000 people, a higher rate than any other in... Lower operating cost, controlling the population of prisoners, and the current generation is not guaranteed the... You you already are.. May 4, 2021 chief administrative officer in,... Gain more knowledge about socially responsible investing, you could seek out the least offensive or non-offensive... Corporation of America ) received $ 911.8 million in 2015 U.S. border use their money to support impact wealth! Of this move, according to the local community conditions in its factories several times to President 's... Knowledge of prison-free investing and lots of money off the booming business of keeping human in.
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