Teachers Union wants pensions to avoid PE investments in prisons: Bloomberg

The American Federation of Teachers is encouraging pensions to consider avoiding private equity investments that profit from mass incarceration, Bloomberg reported. “Private prisons and private equity firms that invest in corrections companies are profiting from jailing people — disproportionately people of color — and are a major contributor to the United States’ world-leading incarceration rate,” said Randi Weingarten, AFT’s president, in the story.