divestment

Apr 6, 2016
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Houston Press

UH Students Urge University to Divest From For-Profit Prisons

Grad students at the University of Houston have launched a petition urging the school to divest from the private prison industry, which is made up of companies that profit from incarcerating people.

Two social work students, Julia Kramp and Nakia Winfield, learned that UH had several million dollars invested in four major financial corporations that, in turn, each had millions of shares in private prisons. The two had been tasked with launching a social policy initiative as a class project and had been following End Mass Incarceration Houston, which often criticizes these private prisons for making a buck off mass incarceration. So when Kramp and Winfield found out UH was, indirectly, investing in this industry,  they reached out to End Mass Incarceration Houston and started putting together a Change.org petition urging UH to stop “banking on bondage.” Now, the petition has more than 200 signatures. Read more about UH Students Urge University to Divest From For-Profit Prisons

Over 100 Private Prison Protestors Converge at GEO Group’s Shareholder Meeting

Boca Raton, FL – Today, over 100 people from across the country joined a protest outside the GEO Group’s annual shareholder meeting at the Boca Resort and Club. GEO, a private company, bills itself as the “largest provider of correctional services in the world.” Groups participating in the protest included the Human Rights Defense Center (HRDC) from Lake Worth, Florida and the Austin, Texas-based Grassroots Leadership.
 
HRDC associate director Alex Friedmann, an activist shareholder who owns a small number of shares of GEO Group stock, attended the meeting. When he asked about recent reports of hunger strikes by immigrant women held at the GEO Group-operated Karnes County Family Detention Center in Texas, he was informed by a GEO executive that there was no hunger strike; rather, he said it was a “boycott of dining facilities” at the detention facility.
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Grassroots Leadership's roots in prison divestment, Part I: Kymberlie's story

In the late 1990’s and early 2000’s students across the U.S. and Canada kicked off a student-led movement against prison profiteering and the Prison-Industrial Complex more broadly.  By coincidence, long before the trajectory of their professional lives as advocates against our country’s over-reliance on criminalization and immigration detention was clear, two Grassroots Leadership staff members got their organizing feet wet as participants in their respective campus’ campaigns to end university contracts that facilitated prison profiteering,    

We release this three-part series now to harken back to our own roots in the struggle(s) for true justice, and to spotlight the re-emergence of a flourishing prison divestment movement in which students, again, are playing  a central role.  It is in this context that Grassroots Leadership and our long-time partner Enlace, are anchoring major national actions against CCA and the GEO Group, the country’s largest private prison companies, in May 2015.  We hope  that this series will elucidate the historic power that individuals have had on challenging the for-profit prison industry, and to compel participation in the exciting events on the horizon.

Kymberlie's Story, Earlham College, Class of ‘02

Read more about Grassroots Leadership's roots in prison divestment, Part I: Kymberlie's story

Humpday Hall of Shame: The Money Behind Private Prisons

Welcome to the Humpday Hall of Shame, where we highlight the private prison industry’s influence on public policy and the big money that supports incarceration for profit.

This week, we turn our focus from private prison corporations' practices to the money behind private prisons.  As we've reported, companies like Corrections Corporation of America and GEO Group have become multi-billion dollar corporations, making money off the incarceration and detention of human beings.  What is less known is that these companies are traded on the stock exchange, enriching investment institutions in addition to private prison executives.  

Read more about Humpday Hall of Shame: The Money Behind Private Prisons

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