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Bill would prohibit Nevada from contracting with private, for-profit prisons

Legislation has been introduced in the Nevada Assembly to prohibit the state from contracting with private, for-profit prisons. American Civil Liberties Union attorney Nick Shepack told lawmakers “what we have seen in states that allow private prisons to operate within their borders, is a major lack of oversight. It becomes extremely difficult for legislative bodies to have oversight. It becomes difficult for government entities, and it becomes difficult for third party entities such as ourselves to find out what is actually going on in these facilities. For that reason, we believe private prisons should not be used in the State of Nevada.”

Source: Nevada Capital News

JPMorgan Chase Is Done With Private Prisons

In a major victory for opponents of the role of banks in propping up for-profit private prison and immigrant detention companies, JPMorgan Chase announces it will no longer provide financing to them.In the Public Interest, a national anti-privatization resource center based in Oakland, reports that over 100 organizations came together to push back against #BackersofHate.

Source: Forbes

‘Dangerous’ part-privatisation of probation services

The “dangerous” part-privatisation of probation services is costing taxpayers an extra £467m, The National Audit Office (NAO) reports. “Sir Amyas Morse, head of Whitehall’s spending watchdog, said the Ministry of Justice had ‘set itself up to fail’ as Chris Grayling ignored warnings over contracting out the supervision of criminals. ‘Its rushed roll-out created significant risks that it was unable to manage,’ he added. ‘These have had far-reaching consequences. Not only have these failings been extremely costly for taxpayers, but we have seen the number of people on short sentences recalled to prison skyrocket.’” Meg Hillier MP, chair of the Public Accounts Committee, “said the NPS had performed better but was being ‘hampered by a shortage of staff and intolerable workloads.’ Peter Dawson, director of the Prison Reform Trust, said: ‘The so-called rehabilitation revolution has actually just put more people back into prison with damaging consequences.’”

Source: The Independent

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Private Prisons and Investment Risks (Part II). How Private Prison Companies Fuel Mass Incarceration — and How Public Pension Funds Are at Risk

This is the AFT’s second report in a two - part series highlighting the investment risks to pension funds and other investors whose portf olios contain investments in the private prison industry or contractors who provide services to immigrant detention centers. Part 1 of this series, “Private Prisons, Immigrant Detention and Investment Risks,” released in August 2018, identifies investment managers, namely hedge fund managers, who invest milli ons of dollars in companies that profit from detention facilities that house separated immigrant families and the risks those investments pose to our members’ retirement security. Part 2 of this series focuses on the companies and asset managers, namely private equity firms, that profit from and fuel the mass incarceration of black and brown people in the United States.

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