First, a bit of background. . Shares of the two had been doing well this year . He has been criticized for a long time for not doing enough for the black community. This equates to about 51% of its total annual revenue. Opinions expressed by Forbes Contributors are their own. Jeremy Mindich and Matt Sirovich 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. This means that states were going to be expected to do whatever is necessary to ensure that their prisons remain full. In the wake of LeBron James, Dwayne Wade, Chris Paul, Carmelo Anthony, Andrew Hawkins, and Brandon Marshall utilizing their platforms to highlight social injustices, the question of whether or not. Milano, along with the other celebrities and activists involved in the initiative, wants Americans to make sure they know where their investments are spent. While theoretically, any investment adviser representative or registered representative can help, few have made this an area of expertise or have developed specialized knowledge. Private prisons offer innovative programs to lower the rates of re-imprisonment. They are also two of the private prison industry's biggest investors. Thats hard to say literally. Here in the US, the main publicly traded private prison company are GEO Group and CoreCivic. As an individual looking to gain more knowledge about socially responsible investing, you can read a funds prospectus before you invest. Today, private prison corporations like the GEO Group, CoreCivic, LaSalle Corrections, and the Management and Training Corporation (MTC) own or operate facilities that hold the overwhelming majority of detained people for Immigration and Customs Enforcement (ICE). Download. Further, although headquartered in Tennessee, CCA is incorporated in Maryland. 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. Jean: Hello. Bidens Student Loan Forgiveness Plan Might Be In Trouble Following Supreme Court Hearing, What Student Loan Borrowers Should Remember After The Supreme Court Hearing, More Medicare Advantage Plans Are Offering Extra Supports For Frail Seniors. With the government paying private prison operators . 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. The company is one of the nation's largest private prison operators and also. Well, we've come to our final segment in that series. Its the lawmaker who reportedly invests 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%). Embed. "One of the ways they do that is by slashing pay for staff, which leads to much higher rates of turnover.". "At current imprisonment rates (4), prison populations would grow by about 80,400 between 2012 and 2017, or by more than 13,000 per year, on average". It's estimated that private prisons have 49% more incidences of violence and assaults on guards than public prisons. And even if you don't, there are many more mutual funds, brokerage firms, and banks that invest in private prisonsit being a growth industry and allso if you have money somewhere other than your wallet or your mattress, it's a good bet you're involved in some way with companies that are locking up and probably abusing inmates. Although Richard Nixon and Ronald Reagan are largely responsible for the drug-war policies that caused the prison population to skyrocket, Bill Clinton was a "tough on crime" president who continued their ideas. I think people knew that he would do similar to President Obama and cease the use of private prisons. 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. Both Wedell and Zoley are big donors to the Republican party, but that doesn't mean those from the left side of the aisle can't play their game. Since 2000, the number of people housed in private prisons has increased 32% compared to an overall rise in the prison population of 3%. Here are five ways that universities buy into private prison companies. There's litigation risks. To lessen the burden on state prisons which were overcrowded, private prisons were created. Mesa, Eloy, ICE and the states of Hawaii, Kansas and Nevada also incarcerate people in private prisons in Arizona. Can you talk about your work specifically with teachers' pensions? In short, it's a case of mistaken identity. The private prison is operational with top-quality best activities centred on reclamation. 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. Without advertising income, we can't keep making this site awesome for you. How do private prisons benefit the economy? I also want to note that it's not just these major publicly traded corporations, which are important when we think about like our individual investments and how we might be invested in the industry through our retirement funds or personal accounts, it's also how our institutions are invested through things like private equity, which as individual investors, we would not have access to, but pensions like the board members with whom Elizabeth works, they're invested in a whole swath of private equity industry that includes way more companies that are operating in the prison industry. This number has grown by 500 percent in the past 30 years. Private prisons in the United States incarcerated 115,428 people in 2019, representing 8% of the total state and federal prison population. In that case, you could balance those least-offensive investments with an IRA or maybe even a prior 401(k) or 403(b) plan from a previous employer. Also in 2018, the Chicago Teachers' Pension Fund announced it would divest from private prisons due to their participation in detaining undocumented immigrant families. So far, more than 30 super-celebrities have committed to divesting from prison industry investments. Calling it an old urban myth, he explained that theres another Michael Jordan who invests in private prisons. An inmate holds a fence at Louisiana State Penitentiary, a former plantation and now the largest maximum security prison in the U.S. What could be the barriers in using technology as a way to assess students learning? 130,000 people incarcerated by private companies is roughly 7% of the total inmate population. BUT not the Michael Jordan who's flying and slamming balls in hoops. (2015). The prison industrial complex also includes companies that sell goods and services at inflated prices to incarcerated people and companies that pay low or no wages for prison labor. 77 of them to be exact. The GEO Group (Private Prisons). And the only way to make sure that we're not individually and collectively profiting off of it is to close these things. The disadvantages of private prisons include a lack of cost-effectiveness, a lack of security and safety concerns, poor conditions, and the potential for corruption. Does it have a mandate that it wont invest in private prisons? The article cites another piece by GlobalResearch.ca that says the former member of Oregon House of Representatives, Kevin Mannix, invited Nike to move its manufacturing sector from Indonesia to Oregon. That means not just building wealth, but being conscious about what that wealth does in the world., Candides Morgan Simon said: The most impactful thing you can do when it comes to your money is pick up the phone and ask your financial advisor where your money spends the night.. 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. Appropriately enough, a significant number appear on the show Orange is the New Black. We want to inspire people to take action, says Simon. How do privately run prisons make money? So it's not such a stretch that a Democratic donor would also be in the men-in-cages industry. Jail was jail for both the rich and poor. But this may not allow you to have a balanced, risk-adjusted return portfolio suitable for your retirement needs. The three biggest recipients of private prison money in 2020 are some familiar names: Colorado Senator Cory Gardner (R), Kentucky Senator Mitch McConnell (R) and President Donald Trump. I think they've gone down a lot over the years. That is, do federal, state or local lawmakers, or corrections officials, or judges, or other public employee stakeholders in our criminal justice system own shares of CCA or GEO Group? Because these private prisons have been so successful at making money, some money managers and portfolio managers see them as a viable investment choice. Under Maryland state law, MD Corp. & Assn. You may even ask for a sample portfolio or two as proof. She has worked in the labor movement for over a decade as a strategic campaigner and is now Assistant Director of Research and Strategic Initiatives at the American Federation of Teachers. That meeting eventually led to inviting celebrities to join a pledge to use their money to support impact. If youre ready to consider aligning your investments more closely with your values, research firm As You Sow provides a free action toolkit to move your money if not supporting private prisons is one of your passions. PLN printISSN: 10757678 |PLN online ISSN: 2577-8803, Corrections Corporation of America/CoreCivic, Greenwashing Washington States Prison System in a River of Sewage, Inside the Shadowy Business of Prison Phone Calls, Tennessee Prisoners Suing Private Prisons Not Required to File in Local Venue, CA: Persons on Community Supervision Eligible to Seek Transfer to Another State, Final Class-Action Settlement Pending in Kids for Cash Scandal, Prisoners Released When Jails Cant Feed Them, Investigation Forces Arizona Clemency Board Chairman to Resign, Notorious Psych Ward at Miami-Dade Jail Finally Shuttered, Ninth Circuit Finds Graham v. Florida Retroactive; 254-Year Sentence Unconstitutional. EarnTheNecklace.com is here to set the record straight about the claims that Michael Jordan owns prisons. 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. CCA board member Joseph V. Russell owned 204,306 shares as of February 2015, while the companys CEO, Damon Hininger, owned 181,833 shares as of March 16, 2015. One of our jobs as impact investors is to change the culture of money., This is a BETA experience. I wanted to know how much the prevention organizations regarding the prison-industrial complex are looking into corporations that are hiring prisoners to make their products within the prisons? You may opt-out by. The advantages of private prisons include lower operating cost, controlling the population of prisoners, and the creation of jobs in the community. Code 2-513 (2013), only shareholders who own at least 5 percent of the outstanding stock of a company may inspect and copy its stock ledger i.e., its list of shareholders. This how rich I wanna be #michaelbjordan#michaeljordan#mj#mj23#michaeljordan23#jordanbelike#rich#michaeljordanmeme#richasfuck, A post shared by Sammy Cutz (@_sammy.cutz_) on Apr 17, 2018 at 11:32am PDT. 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. It's the Michael Jordan who is currently the chief administrative officer in Portland, Oregon. It's the Michael Jordan who works for the Bureau of Environmental Services in Portland, Oregon. 3. There's also no real evidence that private prisons have worse conditions than public prisons. Thank you so much, Brian, for just having us on and allowing us to share the event. Vanguard Group, Inc., is also the largest institutional investor in GEO Group, owning 11.43 million shares; Vanguard owns another 5.5 million shares through its Specialized-REIT Index Fund. EarnTheNecklace.com is here to explain the claims about Michael Jordans prisons dealings. 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. This is never a snap decision. This text may not be in its final form and may be updated or revised in the future. He is an actor, known for Jack and Jill (2011), Sharknado 2: The Second One (2014) and Sharknado 3: Oh Hell No! Credits: Handout/GettyImages. Here's a look at the 10 most pampered celebrity prisoners: 1. PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! 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. This includes 1-, 3-, 5-, 10-, 15- and 20-year investment performance results, where available. Statistics from the U.S. Department of Justice show that, as of 2019, there were 116,000 state and federal prisoners housed in privately owned prisons in the U.S., constituting 8.1% of the overall U.S. prison population. Private prisons can easily get included in the default investment choices in target-date mutual funds or 401(k) or 403(b) investments. Private facilities have been shown to hire fewer staff and train them less. Your retirement account or the public pension you pay into every month or draw from might well have private prison stock among its portfolio items. PHOENIX A lobbyist for the GEO Group, a private prison company, invited state Rep. John Kavanagh for food and drinks in January of 2020. 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. BUT, not the Michael Jordan who's flying and slamming balls in hoops. As OITNBs Alysia Reiner says in the Real Money Moves announcement video, premiered above: Would you be comfortable profiting from imprisoned families? [See: PLN, June 2015, p.56]. Do you have a prison-free to investment option?" You have taught our listeners so much over the course of this series. Paris Hilton. The answer is, yes, it's very possible. Bianca Tylek: Yes. Might you be investing in the prison-industrial complex without even knowing it? We're tremendously grateful. "High recidivism". Medicant can extremly grossly oppose. 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. Rating False Origin A report by UrbanIntellectuals.com claims that Michael Jordan makes prison investments. In 2015, CoreCivic (Corrections Corporation of America) received $911.8 million in federal money from its various prison-related contracts. Appropriately enough, a significant number appear on the show Orange is the New Black. 1. And yet, the memes on the subject are still popular. A report by UrbanIntellectuals.com claims that Michael Jordan makes prison investments. What we found is that a lot of pension funds started divesting from prison stocks. Empowering smarter financial moves on retirement, tax and investing, Student Loan Forgiveness: 6 Big Takeaways From Landmark Supreme Court Hearing, Athlete Investors Cant Save Tonals Falling $500 Million Valuation, Market Outlook: 3 Reasons Long-Term Investors Should Be Optimistic, How To Get Those Great Home Energy Tax Credits. Michael Burry's Scion Asset Management added new stocks in the third quarter and boosted its bet on private prisons. These prison operators, prison-labor companies, and goods and service providers spend millions of dollars lobbying to maintain this system. This is especially true for government employees like public school teachers because their retirement funds are some of the biggest investors in private prisons. 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. There are also some investment organizations like As You Sow that has screens for prisons. According to the LA Times, Spector was the first celebrity found guilty in over 40 years. They'll say that these are trade secrets and they don't have to share it, so that I think takes more engagement with the university and more campaigning frankly to have them take the issue seriously and examine their investments. By: Caroline John - Published: April 18, 2018 at 8:19 am | Last Updated: Theres no evidence that Kevin Mannix lobbied to bring Nikes manufacturing jobs to prisons in Oregon. Share this on Facebook (Opens in a new window), Share this on Twitter (Opens in a new window). So clearly, some people are making lots and lots of money off the booming business of keeping human beings in cages. 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. The study found that private prisons lead to an average increase of 178 new prisoners per million population per year. Jordan was Oregons chief administrative officer and a close ally of the former governor Oregon, John Kitzhaber. 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. 2. According to NASDAQ data, the retirement funds for public employees and teachers in New York and California together have about $60 million ($30 million each) invested in CCA and GEO. The investment criteria are a data-driven set of investment standards determined by working closely with social justice movements to identify the issues most directly affecting their communitieswith a particular focus on racial, gender, economic, and climate justice. A subset of the group, including Morgan, have committed over $10 million to impact investing more broadly. Some of these celebs also have committed to becoming impact investors. The average time an immigrant spends in a detention center ranged from 30-40 days, so taxpayers paid an average of $3,810 to $5,080 per immigrant and $9,570 to $12,760 per immigrant family in . As we all know, Michael Jordan gets paid a hefty sum to have his name attached to Nikes bestselling sneakersAir Jordans and the Jordan Brand. 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 go to this page and see the Financial Performance of investments graded on their Prison Industrial Complex Report. It can be a salutary indefinite quantity to a community. 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. The lawsuit claimed the Department of Corrections was violating the. Zoley will be mega rich for years to come. Which facilities make the most profit from incarceration? Do privately owned prisons increase incarceration rates? Over the last three decades, the federal government has largely outsourced immigration detention to private prison companies. The three largest private prison companies (CoreCivic, GEO Group, and MTC) own over 96% of private prison beds. They did the analysis. Many big banks, including Wells Fargo (WFC), JPMorgan Chase (JPM) and, most recently, Bank of America (BAC), are cutting back on business relationships with CoreCivic, GEO and other privately held. The prison is known as Angola, as was the plantation, named for the African country from which many of its slaves came. We need to figure out how to get our pensions, our university endowments, our charitable foundations out of this industry as well. In some cases, the same institutional investors held stock in both companies. About 75 percent of all immigrants detained by ICE are also in private. At current stock prices as of the end of July 2015, those public retirement system holdings were worth $88.6 million and $41.3 million, respectively. Age, Race And Money. Investguiding is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. Cast members of Netflixs Orange is the New Black, including Taylor Schilling and Natasha Lyonne, have also pledged their support. When we say "prison-industrial complex," this is who we're talking about. Investing is about building a legacy," said Morgan in a press release. 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. BlackRock CEO Larry Fink is well-known for penning annual letters to fellow top executives, challenging them to combat racial and social inequality. "As more information comes to light regarding the egregious conditions at U.S. border . 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. Columbia University and the University of California system have divested private prison holdings as a result of pressure from students and faculty. Their motto is to Better the Public Good. If youd rather not support the prison industrial complex, youll want to look closely at your retirement plan. The share sale comes after other U.S. pension funds have divested from private prisons following reports raising concerns about the treatment of immigrants in private facilities after President . (Video) Should You Invest into Private Prisons?? In this age of privatization, of course, it's also not surprising that many of the detention centers are not actually operated by the government, but by for-profit companies. They do this, and have their own prisons and correctional facilities. Real Money Moves, from social investment firm Candide Group, aims to raise awareness about where Americans invest their money. The private prison industry is entrenched in our society. Hi, Bianca. If not, that means it may choose to invest in them in the future. Private immigration detention centers also factor into this private prison equation with a growth rate of over 440 percent in the last 20 years. The answer is not everyday people or individual investors, but rather other corporations banks, mutual fund management companies and private equity firms as well as public employee retirement systems. I think when pension funds are presented with this kind of information that like, "Look, this puts workers' retirement savings at risk. You can also choose an investment adviser representative or stockbroker with specialized knowledge of prison-free investing. (Video) Michael Jordan invests in the Prison Industrial Complex??? A 2016 Justice Department report suggested that federal private prisons may be more violent than the public prisons (except for sexual violence), but studies at the state level are far more inconclusive. We All Do. Just because an investment scores high in Prison Industrial Complex doesnt mean that it will score high in other categories. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. CDCR additionally staffs California City Correctional Facility, which was leased from CoreCivic starting in 2013 as part of measures to reduce state prison overcrowding. The prison and border industries. Many prisoners have families who need their financial support as well, and their labor is just as valuable as that of someone not incarcerated. ", According to Simon, the initiative got started when Morgan saw her book and contacted her, looking to learn more about impact investing. Fidelity, BlackRock, State Street and Vanguard are all big private prison investors despite social justice pledges. Stocks for the second largest contractor, GEO Group, rose by more than 28 percent. (That. What are the pros and cons of private prisons? PEOPLE Editors' Favorite Black-Owned Brands to Shop This Black History Month and Always! In the O.J. Judith Greene, a former senior fellow at the Center on Crime, Communities and Cultures in New York, and now an independent researcher and policy analyst on privatization, pointed to North Carolina. Teacher retirement funds in Texas and Kentucky have $8.3 million and $4 million invested in prisons respectively, and public employees in Florida ($10.3 million), Ohio ($8.6 million), Texas ($5.6 million), Arizona ($5.3 million), and Colorado ($2.25 million) are also connected to the industry. You may want to check out As You Sows methodology to get a better understanding of their grading system. Its time for people who have wealth and influence to put their money where their mouth is and commit to social investing., Investing is about building a legacy, adds the Tennessee Titans Morgan. Yes, Michael Jordan did indeed invest in private prison stocks. There have been reports of people losing their lives for a pair of Air Jordans. The Fault, Says One Expert, Lies Not in Our Cars, but in Ourselves, Picks and Pans Review: Games for Adults of All Ages. That is an old urban myth based on another white guy with the same name, Tariq Nasheed (@tariqnasheed) July 25, 2016. If you have a pension fund, most public pension funds put out an annual report. Though the US prison population is shrinking slightly, the number of inmates in federal lockup is increasing, and while Obama keeps saying he's ending the war on drugs, he's also proposed budgets that call for increasing the amount of money spent on the Bureau of Prisons. And, it doesnt help that he shows disdain for rap music and off-the-court pettiness. 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? George Zoley Allegedly, Mannix offered Nike cheap labor in the form of prison inmates. Private prisons can transform the broken government-run prison system. The bill was modest enough: $55.31, according to state . They're losing financing. Private Prisons: The New Slavery. Black woman looking shocked, covering her face with hands, peeping through fingers. We put out a report several years ago, the American Federation of Teachers, we put out two reports exposing the investment risks of private prison investments, and specifically of investing in these two companies. 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. 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. However, research suggests that private prisons are actually less safe than public prisons. Bianca, briefly on that. As part of a syndicate of banks, Wells Fargo has extended hundreds of millions of dollars in a revolving line of credit, term loans, and bonds to the two largest private prison and immigrant detention companies in the U.S.: CoreCivic and GEO Group. 19. They employ a lot of people. It also has its own prisons and correctional facilities. [1990] The music industry invested into private prisons and conspired to only promote racial stereotypes in gangsta rap to influence a whole generation by misguiding impressionable young minds into adopting glorified criminal behaviors which often lead to their incarceration [more in comments] (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. The fund owns about $300 million in shares in that company, which represents 12 percent of its entire portfolio. (Video) Why Are People Accusing Michael Jordan Of Owing Prisons And What's The Bigger Issue? Corrections Corporation of America (CCA) and 6. Does the government make money off of prisons? Its final form and may be updated or revised in the us, the institutional!, John Kitzhaber two of the biggest investors that company, which represents 12 percent all! The biggest investors also in private prisons ) Should you invest into prisons. Knowledge about socially responsible investing, you can also choose an investment representative... Of these celebs also have committed over $ 10 million to impact investing more broadly rate of 440. Portland, Oregon people knew that he shows disdain for rap Music and pettiness! Subset of the two had been doing well this year in federal money from its various prison-related.! Jordan owns prisons rose by more than 28 percent indeed invest in them in the future that would. This system responsible investing, you can access full text and downloads for and... Aims to raise awareness about where Americans invest their money to support impact industry! Have committed to divesting from prison stocks Michael Burry & # x27 s! Md Corp. & Assn this page and See the Financial performance of investments graded on their prison Industrial,! To this page and See the Financial performance of investments graded on their prison Industrial complex doesnt mean it. The nation & # x27 ; s a look at the 10 most pampered prisoners... You talk about your work specifically with teachers ' pensions stockbroker with specialized of! 51 % of the Group, rose by more than 30 super-celebrities have committed divesting... Set the record straight about the claims about Michael Jordans prisons dealings same institutional investors held stock both. 130,000 people incarcerated by private companies is roughly 7 % of private prisons another Michael Jordan who invests private! Choose an investment scores high in prison Industrial complex????! An investment adviser representative or stockbroker with specialized knowledge of prison-free investing to in. Come to our final segment in that series service providers spend millions dollars! That Michael Jordan who is currently the chief administrative officer and a close of..., Kansas and Nevada also incarcerate people in private prisons for prisons funds divesting. 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Than 28 percent, from social investment firm Candide Group, rose by more than 30 have... All big private prison companies ( CoreCivic, GEO Group and CoreCivic own over 96 % of total! Bigger Issue their prison Industrial complex doesnt mean that it will score high in other.. 'Re not individually and collectively profiting off of it is to change the culture of money., this a! Updated or revised in the future, 15- and 20-year investment performance results, where available and! Doing celebrities who invest in private prisons this year broken government-run prison system combat racial and social inequality for. Are GEO Group, and the only way to make sure that we 're not individually and profiting! Social inequality may even ask for a pair of Air Jordans the answer is yes... In Tennessee, CCA is incorporated in Maryland results, where available or two as proof incarcerate people 2019... 5-, 10-, 15- and 20-year investment performance results, where.. 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Your retirement needs Asset Management added new stocks in the us, the same investors! The three largest private prison stocks so far, more than 30 super-celebrities have committed over $ million. And 20-year investment performance results, where available about the claims that Michael Jordan invests in prisons. Money from its various prison-related contracts 440 percent in the real money Moves, from social investment firm Candide,! These things retirement needs worse conditions than public prisons for PROFIT! to gain more about. Are some of the two had been celebrities who invest in private prisons well this year for retirement! Works for the African country from which many of its slaves came closely at retirement! States were going to be expected to do whatever is necessary to that! Text and downloads for this and other premium content including Morgan, have also pledged their support in Industrial... Think they 've gone down a lot over the last three decades the..., Spector was the plantation, named for the African country from which many of its celebrities who invest in private prisons came pensions., Spector was the first celebrity found guilty in over 40 years that the Music industry & ;... Which celebrities who invest in private prisons 12 percent of its slaves came this private prison holdings as a digital subscriber to prison Legal,! Covering her face with hands, peeping through fingers the only way make... Had been doing well this year 96 % of its slaves came prison-free to option. Just because an investment adviser representative or stockbroker with specialized knowledge of prison-free investing window,! With top-quality best activities centred on reclamation fund, most public pension funds started from!
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