Democratic Underground - Jesus, Mary, Joseph and Innana wept.

Prison stocks, prisoner ranks seen rising-Barron's

NEW YORK, Oct 7 (Reuters) - Prison stocks are expected to rise despite a recent U.S. Census report pointing to a lower than expected rise in prison population, Barron's reported in its Oct. 8 edition.

{Cerridwen's note: not to worry if crime or conviction rates fall - you'll still see an increase in your investment.}

The Census report, which said U.S. prisons' population is growing at 4 percent annually, countered a February study by Pew Charitable Trusts that forecast prison population to rise 13 percent annually.

{Cerridwen's note: whew, fortunately Pew Charitable (wanna debate that name? Mighty charitable, ain't they?) says crime and or conviction will be up. Woo hoo! I'm makin' money now!}

Barron's said Pew's report is likely a more accurate assessment of the prison population growth as the U.S. government's report polled 37 states, compared to Pew's data from 42 states and estimates from the other eight states.

If this turns your stomach the least little bit, not to worry...

"If you have reservations about owning a stake in a harsh institution like a prison, consider this: Some of our nation's most creative CEOs now reside in prisons," Barron's said. (Reporting by Kenneth Li)

Oh, ha, ha, ha...that makes it soooo much better. A few CEOs are doing time in Club Fed so it's all good.

I'm not sure which turns my stomach the most. The fact that the prison industry is a source of investment or the fact that Barrons is reporting it in such a blase manner.

Add this to this little article listed in this thread and you can join my little crazy corner over here.

'At this festive season of the year, Mr Scrooge,' said the gentleman, taking up a pen, 'it is more than usually desirable that we should make some slight provision for the Poor and destitute, who suffer greatly at the present time. Many thousands are in want of common necessaries; hundreds of thousands are in want of common comforts, sir.'

'Are there no prisons?"

'Plenty of prisons,' said the gentleman, laying down the pen again.

'And the Union workhouses.' demanded Scrooge. 'Are they still in operation?'

'Both very busy, sir.'

'Oh. I was afraid, from what you said at first, that something had occurred to stop them in their useful course,' said Scrooge. 'I'm very glad to hear it.'

Wonder how many shares "Scrooge" owns?

Jesus, Mary, Joseph and Innana wept. [View All]