private prison divestment

Encouraging news on the Gulag USA front:

Early this year, the United Methodist Church Board of Pension and Health Benefits voted to withdraw nearly $1 million in stocks from two private prison companies, the GEO Group and Corrections Corporation of America (CCA).

The decision by the largest faith-based pension fund in the United States came in response to concerns expressed last May by the church’s immigration task force and a group of national activists.

“Our board simply felt that it did not want to profit from the business of incarcerating others,” said Colette Nies, managing director of communications for the board.

Update: The bad news is CCA is offering to buy whole prison complexes from cash-strapped states in exchange for promises that the prisons will remain 90% full.