Sadly I am looking to go short this puppy as soon as it breaks under 33. Collapsing?It already collapsed as far as treatment of prisoners, corruption and decent care, yes. But think..if this was the 1950's when chain gangs were under scrutiny, you know how long it took to get rid of them? decades! America doesnt institute change too fast. Sadly..,,,,,even human rights changes. However, I am seeing tio short this for 2 reasons. 1 is PR. Every pension fund holder will have a reason to blame the fund holding any prison or amrs mfg stocks if the market tanks. Plus, it makes those holding corrections stocks look inhumane. Bad PR. So...there may not be much dumping but then this will never close over 35 for many months till investigation shows clarity. But if the institutions DO head for the exits...... this puppy could smash down to 20 in a hear beat. I never liked buying stocks that make a profit off the misery of others. Also, the silly little one million dollar fines the FBI imposed on this co already tells me no matter what they find, the fine will not fit the crime. But I cant see any new money coming in, just old money holding onto that divvy. And if divvy gets lowered...load the boat on puts and shorts. Isnt it Ironic...half the people in the usa think the death penalty is inhumane, but how mANY OF THEM do a damn thing to protest the inhumane crowding in jails and prisons, and especially the sexual assaults on decent non-violent inmates just wanting to do their time? "Oh....we for got about those people.?"
News article says rating isn't lowered by clemency plans. What about profits and revenue? Hmmm I wonder if they will be lower after kicking people out who should never have been there in the first place and also putting fewer in that never should have been there in the first place. The laws are the criminal behavior...
U.S. Has Less Than 5% of World’s Population but Nearly 25% of People Behind Bars; Drug War Fueled Prison Explosion
A groundbreaking report released on Wednesday by the National Research Council, the principal operating arm of the National Academy of Sciences, documents the unprecedented and costly price of U.S. incarceration rates.
With less than five percent of the world’s population but nearly 25 percent of the world’s prisoners, the United States continues to rank first among nations in both prison and jail population and per capita rates. As the report points out, this unprecedented rate of incarceration is a relatively new phenomenon in U.S. history. America’s prison population exploded largely as a result of the failed Drug War policies of the last 40 years.
The report, commissioned by the National Institute of Justice and the MacArthur Foundation, documents how the Drug War has contributed to the skyrocketing U.S prison population and the staggering costs associated with mass incarceration. The report points out that U.S. incarceration rates are 5-10 times higher than rates in Western Europe and other major democracies.
The report also documents the staggering racial disparities in drug enforcement and incarceration.
The report calls for a significant reduction in rates of imprisonment and says that the rise in the U.S. prison population is “not serving the country well.” It concludes that in order to significantly lower prison rates, the U.S. should revise its drug enforcement and sentencing laws.
“It’s time to end the United States’ exceptionalism when it comes to incarcerating its citizens," said Ethan Nadelmann, executive director of the Drug Policy Alliance (DPA). "Our objective should be to make America average. We need to re-join the family of civilized nations when it comes to incarceration.