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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:15 PM
Original message
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?


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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:19 PM
Response to Original message
1. There are PRISON STOCKS? That seems so dirty. Shameful. nt
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:24 PM
Response to Reply #1
4. Yeah, it's something, isn't it?
Not what I think of when I think of prison stocks.

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:33 PM
Response to Reply #1
5. just as disgusting as making money off of sick people.
how can these people sleep at night?
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:39 PM
Response to Reply #5
6. Apparently they count dollar signs instead of sheep.
I cannot fathom the inhumane disconnect one must have to make money from another's misery. And prisons? This is freaking medieval.

Hey, you. We noticed this morning we missed the meetup yesterday. Yep, we're on the ball. LOL Hope you all had a good time.

We're thinking we need to get "the group" together and buy a nice piece of land and fend for ourselves. This other crap is just causing me stomach problems. The whole growing food could be an issue as I have a brown thumb. How 'bout you? Any green thumbs? :D

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:02 PM
Response to Reply #6
9. I am so ahead of you...
I just need to win the lottery and then I'll buy some land and start a DU Commune. Southern Washington is looking really good. I found an 18 acre plot for about $300,000 (foreclosure) that will support about 20 people if the climate doesn't change too much.
I have discussed this with my family, and they're all up for it. We come from small-town farm stock, so growing things won't be an issue. We do need to bone up on energy issues. I can build a windmill that will pump water (Dutch ancestry :) ) but electricity scares me a little. We need to recruit someone who can convert that wind power for us without burning the place down. :)
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:17 PM
Response to Reply #9
12. If I win the lottery, I'll buy the land for you. I want to move back to Seattle
anyway (in the worst way) so we could be neighbors. I'm serious.
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:32 PM
Response to Reply #12
14. We'll put up a sign...
Edited on Sun Oct-07-07 08:32 PM by Viva_La_Revolution
All LIBERALS Welcome! :bounce:
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:37 PM
Response to Reply #12
17. Welcome aboard.
:D

:hi:

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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:19 PM
Response to Reply #9
13. I have some research in the area but no practical application...
A lot of years applying what I read may help. In the meantime, I'll keep my eyes and ears open. :D

Fortunately, I come from farm stock as well and my grandfather, with whom I lived off an on over the years, was a do-it-yourself-er long before that was fashionable. My mom and I both fix things "girls" aren't supposed to know how to fix. So maybe some of that'll kick in as needed.

I'm not sure the lottery is needed. Just some "creative financing". :evilgrin: I think "Mr. Cerridwen" might be good in that area. :D

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:35 PM
Response to Reply #13
15. Mom taught me to fix things too...
I could change a tire at 12, and rebuild an engine by 15.
Girls rock. :hug:

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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:45 PM
Response to Reply #15
18. My mom taught my dad, too.
It was really funny. He was originally from the Bronx and didn't know "shit from shinola" about fixing anything. He was great at detailing the car but sucked when it came to keeping the mechanical things running. LOL

I don't know if I can rebuild an engine, but I know how to get the dryer installed and vented, the dishwasher washing, the washing machine working, the vacuum cleaned out and vacuuming and I sew a pretty mean seam. :D Oh yeah, and the ball and cock re-installed in the toilet, the phones wired and most of the computer equipment built and surfing. I've built a table or two and have done a bit of upholstery. Eh, we may not survive but we'll look good doing it.

:rofl:

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NC_Nurse Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:19 PM
Response to Original message
2. Geez, that's pretty repulsive!
You'd think they'd want to cover up their greed just a LITTLE. :eyes:
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:22 PM
Response to Reply #2
3. Astounding. I was floored. I couldn't believe I was reading that.
What have we become?
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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:48 PM
Response to Original message
7. I was preparing an article about GEO when I saw yours ...
Jail operator GEO's troubles not limited to Coke County youth lockup

Complaints by adult inmates similar to what closed TYC facility *

The private operator of a juvenile prison, closed last week because of fetid conditions and alleged mismanagement, has similar problems at other lockups throughout Texas.

Among the complaints at other GEO-run facilities in Texas:

• An Idaho inmate at the Dickens County prison in northwest Texas slashed his throat after being held for three months in a cold, moldy solitary cell with bloodstained bedding, according to court records.

• GEO settled a wrongful death case brought by the family of a female inmate at the Val Verde County facility. Plaintiffs alleged the inmate committed suicide after being raped and denied psychiatric care, according to court records.

• A jury ruled that Wackenhut Corrections Corp., which became GEO, had destroyed evidence of an inmate's beating death at a Willacy County facility and returned a $47.5 million verdict against the company.


* The U.S. Department of Justice sued Wackenhut in 2000 (GEO), alleging that youths incarcerated at the Jena Juvenile Justice Center in Louisiana were subjected to excessive abuse and neglect.

(Jena) Louisiana: After Katrina, Inmates Face Prison Abuse.

Inmates at Jena claim that correctional officers have beaten, kicked and hit them while they were shackled. In addition, they claim that officers have forced inmates to stay kneeling for several hours at a stretch, and then hit them if they fell. They also say that officers sprayed the walls with chemical spray that inmates believed was mace and forced inmates to hold their faces against the sprayed walls. When some inmates became ill and vomited, officers wiped their faces and hair in the vomit, they said.


We were surprised about Abu Graib? And, now we are waiting for an increase?
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 07:52 PM
Response to Reply #7
8. Thanks, flashl.
I didn't know Wackenhut had gone into the prison industry. Though it's no surprise.

Thanks for adding the information here.

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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:35 PM
Response to Reply #7
16. Mass Incarceration in the United States: At What Cost?
Senator Jim Webb conducted a Joint Economic Committee (JEC)hearing to explore the steep increase in the U.S. prison population and the economic and social costs of mass incarceration.

Thursday October 4th, 2007

The United States has experienced a sharp increase in its prison population in the past thirty years. From the 1920s to the mid-1970s, the incarceration rate in the United States remained steady at approximately 110 prisoners per 100,000 people. Today, the incarceration rate is 737 inmates per 100,000 residents, comprising 2.1 million persons in federal, state, and local prisons. The United States has 5 percent of the world’s population but now has 25 percent of its prisoners. There are approximately 5 million Americans under the supervision of the correctional system, including parole, probation, and other community supervision sanctions.

With such a significant number of the population behind bars, expenditures associated with the prison system have skyrocketed. According to the Urban Institute, “the social and economic costs to the nation are enormous.” With 2.25 million people incarcerated in approximately five thousand prisons and jails, the combined expenditures of local governments, state governments, and the federal government for law enforcement and corrections personnel totals over $200 billion.

The JEC will examine why the United States has such a disproportionate share of the world’s prison population, as well as ways to address this issue that responsibly balance public safety and the high social and economic costs of imprisonment.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:48 PM
Response to Reply #16
19. We appear to be one of the most punitive countries on the planet...
rather than kill our people, we store them in warehouses and make money off them. Oh, predatory capitalism, ain't it grand.

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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:07 PM
Response to Reply #19
20. Slavery in all but name ...
They are building "leviathan" prisons with factories to sell products with forced labor that competes with American businesses like furniture companies.

Our tax dollars are being used to build the prisons, while stock markets and hedge funds are making profit.

In turn, Americans are losing jobs because businesses can not compete with the cheap labor.

Student forced Yale to divest its endowment from hedge funds tied to several correction companies after they learned about human rights abuses in the prisons.

It's too surreal.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:15 PM
Response to Reply #20
21. You may get flamed for that...but not from me.
There's a reason people are starting to notice they have become "wage slaves". It's no insult to those who have suffered the true forms of slavery, it's an acknowledgement that slavery comes in many forms.

We see it here, every day. If only we choose to see.

"I freed a thousand slaves I could have freed a thousand more if only they knew they were slaves." Harriet Tubman, American escaped slave, Civil War Soldier and Abolitionist, 1820-1913


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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 10:54 PM
Response to Reply #21
34. That definition is the only word that captures the essence
of a multi-billion dollars industry with a prison workforce it pay between $.23 and $1.15 an hour.

Inmate workforces build: furniture, computer circuit boards, limousines, waterbeds, and sews lingerie for victoria’s secret.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:01 PM
Response to Reply #34
36. I worked for a state government. We used to get our office furniture from
"Prison Industries". You know I'm not kidding. The furniture was made by the state prisoners to be used in the state offices.

Government creating a labor force to be exploited by government. It's not all the private industry.

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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:03 PM
Response to Reply #36
37. good point.
I believe the service name is Federal Prison Labor, FPL.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:18 PM
Response to Reply #20
23. Ever hear of "Prison Blues?"
Blue jeans made by prison slave labor.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:22 PM
Response to Reply #23
24. No...thank heavens...but I have heard of "call centers" I think it was
that were using prison labor at sub-par wages to staff corporate call centers.

I'm not surprised, however. I truly wish I were.

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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:25 PM
Response to Reply #24
26. You're right about the call center thing too.
I don't immediately have the details to hand, and don't want to Google around for it, but it seems that a few people got upset about criminals getting hold of their personal information, e.g. phone numbers.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:28 PM
Response to Reply #26
27. As long as they had their priorities straight.
Prisoners used to cheap wage. Okee dokee.

Prisoners having personal information. WAIT! STOP!

Well, I guess it's something. They DID get Capone on tax evasion, after all.

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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:57 PM
Response to Reply #27
30. Yes, I understood the irony implicit in my comment.
It's all OK as long as those AWFUL PEOPLE don't somehow contaminate me or get some kind of advantage on me.

BTW, I had a look at your blog & it makes it clear that you're one of "Us." Old hippies, thinkers, independent souls, etc. God, it's nice to know that the subspecies is surviving.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 10:10 PM
Response to Reply #30
32. Oy, my blog
:blush: I haven't updated that in ages and it's mostly a collection of selected DU posts.

But, yeah, I'm one of the "old" hippies born at the ass-end of the boomer generation. I arrived here early enough to be exposed to the ideals and late enough to watch them destroyed without ever having enjoyed the "benefits". But I'm not bitter, honest. :D

Seriously, I am part of the subspecies known as independent soul and independent thinker. Of course, that's a self-selected-self-report and you know how reliable those are. :D

I've been sadly amazed watching decades of destruction of the "old hippy" ideals. It's been quite an education to see how easily people are led to the slaughter.

But, a few of us are left (no pun intended) and maybe some of the ideals will pass to future generations. I so hope.

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flashl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:05 PM
Response to Reply #23
38. Yes,
Is it Unicor or and Oregon prison product?
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-08-07 12:08 AM
Response to Reply #38
40. Oregon iirc.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:05 PM
Response to Original message
10. I suppose in Puritan times there might have been Stocks stocks.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 08:15 PM
Response to Reply #10
11. That's what I think of when I think of stocks.
Thanks, I almost grinned at that. Sorry, this story makes me a little ill so I'm not into LOL quite yet.

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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:16 PM
Response to Reply #11
22. I do a lot of criminal forensic work as a psychologist.
CCA--Correctional Corporation of America--once tried to recruit me as head of mental health services. They offered about twice what I was then making as a Regional Chief psychologist for Corrections in Wisconsin. However, the job would have essentially consisted of figuring out how to meet Fed & state laws on provision of mental health services in a way that would cost them as little as possible. I couldn't do it. I ended up, a couple of years later, taking early retirement from the state & starting a forensic psych consulting business.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:23 PM
Response to Reply #22
25. I'm not sure what "criminal forensic work" is...
Edited on Sun Oct-07-07 09:29 PM by Cerridwen
but in the context you wrote, I think I want to cry.

We've truly become a nation of giving the least to gain the most. With notable exceptions such as yourself. Thank you, Jackpine Radical.

edit for a space. Yes, I am punctilious.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:33 PM
Response to Reply #25
28. In my case, I mostly do psych evaluations of people caught up in the
Edited on Sun Oct-07-07 09:38 PM by Jackpine Radical
criminal justice system. The evaluations can be for a number of purposes: to assess whether they meet the criteria for defenses of Not Guilty by Reason of Mental Disease or Defect, whether they're competent to stand trial, what alternative approaches the courts might take in sentencing (e.g. psych treatment rather than prison), etc. I once sat back and calculated that I did psych assessments of more than 2,000 convicted offenders while working for the state.

Forensic psych in general is the use of psychological expertise in the legal system. Everything from child custody evaluations to assessment of psychological sequelae of auto accidents. My particular specialty is the psychological assessment of criminal defendants. I end up testifying a lot.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 09:44 PM
Response to Reply #28
29. Gottcha, thanks for explaining.
Do you understand if I say I don't envy your expertise?

I've worked within the government system and it about made me "nutso" (please, pardon the layperson's use of non-psych term to describe reaction to gov't bureaucracy). I can't imagine working within the bureaucracy in your capacity.

I do, however, thank you for the work you've done.

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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 10:02 PM
Response to Reply #29
31. "Nutso" is a technical term
and you used it entirely appropriately.

It's right up there with Chronic Undifferentiated Crazy and Wingnut as professional jargon goes.

I'm not very hung up on the precisely delineated terminology by which the mental health professions attempt to inflict their flawed worldview on the pubic.
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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 10:24 PM
Response to Reply #31
33. LOL
Thank you so much for that.

You can't know this, but your post reminded me why I made the pre-emptive mea culpa in my previous post. One of my college professors called me on my use of the word "schizophrenic" as I'd used it in the "common vernacular" (of two-conflicting-minds/ideas) rather than the clinical definition and I had to defend/define its use in the re-write of my paper. It stuck me funny. So, thanks.

However, I'm familiar with Wingnut but I'm not familiar with "Chronic Undifferentiated Crazy". Chronic and crazy I understand. I think it's the undifferentiated part that lost me.

Regardless. Thank you so much, Jackpine Radical. I was in dire need of having my funny bone reactivated.

If you'll pardon the familiarity :hug:



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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:00 PM
Response to Reply #33
35. Familiarity is one of my favorite things.
Read "undifferentiated" as "generalized." Or, better, read it as an ironically intended jargonization of "crazy." I kinda like to satirize the DSM jargon, partially in retaliation for having to use it on people.

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Cerridwen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-07-07 11:25 PM
Response to Reply #35
39. There is, to my mind, nothing more interesting than playing with the
the canonical language in ways never intended by those who decide what is canonical.

I hate to say this, but 'tis time for me to leave this forum.

I truly enjoyed "meeting" you and making your acquaintance. Here's to all us "old hippie" types. :toast:

:hippie:
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