The U.S. criminal justice system incarcerated approximately 2.1 million people in 2019. The Oregon Public Employees Retirement Fund grew its investment over 45% from the first quarter of 2015 to the first quarter of 2019, from about $1.4m to about $2m. Since 2000, the number of people housed in private prisons has increased 32% compared to an overall rise in the prison population of 3%. What could be the barriers in using technology as a way to assess students learning? 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? That happens because we are so free in this country.". Elizabeth Parisian: Yes. We're tremendously grateful. This is never a snap decision. 2. 3. 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. Many of America's prisons are run by for-profit corporations, so clearly some people are making lots and lots of money off the booming business of keeping human beings in cages. Simpson murder prosecution, Simpson's "dream team," headed by late attorney Johnnie Cochran, cost an estimated $3-6 million. Michael Jordan, an Oregon lawmaker, has next to no resemblance to NBA legend Michael Jordan. 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. The private prison industry, according to many reports, has been profiting handsomely from current immigration policies, including family detention. 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.. The investment risks are many. (Video) Debunking Jordan Peterson's "Truth About Communism" Video. Investment in the private prison industry is getting riskier as banks withdraw, Yee told the magazine. Does it have a mandate that it wont invest in private prisons? 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, If you want to get any matching contribution offered, you could seek out the least offensive or possibly non-offensive investment choices. "America allows more freedom than any other country in the world, much more than Russia and a whole lot more than Scandinavia, where they really aren't free. Whole time Michael Jordan did invest in a prison system. This text may not be in its final form and may be updated or revised in the future. (Video) Michael Jordan invests In prisons, Lebron James builds schools, (Video) Did Michael Jordan Ever Really Own Private Prisons? Do privately owned prisons increase incarceration rates? BUT not the Michael Jordan who's flying and slamming balls in hoops. How do privately run prisons make money? You may even ask for a sample portfolio or two as proof. 2. Like Zoley, they are good at what they dotheir fund outperformed the market by 20 percentage points, and the State of New Jersey hired Scopia to manage $150 million worth of pensions. How do private prisons benefit the economy? There's regulatory risk. That meeting eventually led to inviting celebrities to join a pledge to use their money to support impact. $151.4 BILLION invested in companies involved in the prison industrial complex There's litigation risks. I think there are other factors too. CoreCivic formerly and commonly the Corrections Corporation of America and GEO Group are two of the biggest private prison companies in the United States. Jordan was Oregons chief administrative officer and a close ally of the former governor Oregon, John Kitzhaber. Download. 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. You can even specify the amount of deviation, known as tracking error, from the benchmark you are willing to live with in order to match your values. Age, Race And Money. This equates to about 51% of its total annual revenue. Jordans critics are outraged by his silence on social injustices in the African-American community. Together, these two. By: Caroline John - Published: April 18, 2018 at 8:19 am | Last Updated: The upside of this move, according to GlobalResearch, is reduced costs because of competitive prison labor (here).. Black woman looking shocked, covering her face with hands, peeping through fingers. UrbanIntellectuals.com claims Michael Jordan invested in private prisons and that Nike Air Jordans are manufactured using prison labor. 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. In response to this unethical expansion of corporate influence in their carceral systems, the two states should expand their social programs, eliminate harsh sentencing practices, and abolish private prisons themselves. 16. Well, the American Federation of Teachers has 1.7 million members and the majority of our members participate in public pension funds. 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. George Zoley According to the report, the legendary basketball players Nike Air Jordans are manufactured by prison labor! As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. 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. 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. 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. Now here's a quick breakdown of the major record labels and private prison system connection. Accuracy and availability may vary. Some of these celebs also have committed to becoming impact investors. There have been reports of people losing their lives for a pair of Air Jordans. New York Public Radio transcripts are created on a rush deadline, often by contractors. That means taxpayers are mandated to either lock up more people or pay the private prison companies for empty beds. Due to President Reagan's ''War on Drugs'' policies, the public prison system was overwhelmed with inmates. Brian Lehrer: Are there certain stocks that the teachers' pension funds have divested from? Their motto is to Better the Public Good. 19. 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. Bianca, briefly on that. Inmates work for pennies per hour. Interestingly, its approach shows how your screening choices compare to the investment benchmark you choose. Its been a long time since Jordan retired, and the current generation is not entirely aware of his great plays on the court. The clearest link between havens of higher education and private prisons, are direct . The answer: Theyre all participating in Real Money Moves, a new initiative aimed, in part, at divesting from private prison investments, organized by Candide Group, an Oakland, Cal.-based impact investment advisory firm with a focus on social justice. Squalidly electronegative laryngitis was the indigestibility. Public pension funds are major investors, they're deciding not to invest. 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. 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. 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. T. he United States incarcerates 716 out of every 100,000 people, a higher rate than any other country in the world. Health experts say prisons and jails are considered a potential epicenter for America's coronavirus pandemic. Price of private prisons in immigration: In the fiscal year 2019, the average daily cost was about $127 for adult detention and $319 for family detention. 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. We want to inspire people to take action, says Simon. Sources: www.nasdaq.com, www.finance.yahoo.com, www.msn.com. 4. I think people are starting to question as we learn about the practices of corporate America are starting to question, "Wait a second. HOW PRIVATE PRISON COMPANIES INCREASE RECIDIVISM . Jean: Hello. 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. (Video) PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! It's virtual, but it's live through The Greene Space. After all, this isnt the first time Nikes manufacturing practices have created a scandal. Hi, Jean. 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. Hi, Bianca. 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%). The report did get one thing right. However, Florida law prohibits shareholders from selling or otherwise distribut[ing] any information or records obtained from the company for reasons that are not related to the proper purpose specified when requesting the records, with a fine of $5,000 applicable for violations of that provision. 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. (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. They also pay less, leading to higher turnover and less experienced and well-equipped officers. Of its total annual revenue litigation risks, often by contractors prison industry according... Or two as proof 's virtual, but it 's virtual, but 's... Close ally of the biggest private prison industry is getting riskier as banks withdraw, Yee told the.. 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