The People's Republic: University of California pulls $30 million from prisons in orgy of political correctness

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"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."

- - - - Mark Twain (Roughing It)

Saturday, December 19, 2015

University of California pulls $30 million from prisons in orgy of political correctness

Idiots on Parade

Statistics show that most crime is Black-on-Black. But somehow it is "racist" to put Black people in jail for committing crimes against Black people.

(Reuters) - The University of California system said on Friday it will drop its roughly $30 million worth of investments in private prison companies following demands from a black student group.

The decision comes amid a wave of student protests against racism at college campuses across the country as well as the Black Lives Matter civil rights movement against the U.S. criminal justice system, which disproportionately impacts black people.

The UC system's chief investment officer, Jagdeep Singh Bachher, made the decision after meeting with students of the Afrikan Black Coalition, university spokeswoman Dianne Klein said.

Klein said the UC system has a policy against "blanket divestment," but made the decision after further review.

"This made sense given our conclusion that, based on risk over the next several years, these holdings were not a good investment for a long-term investor such as UC," Klein said.

Klein said the amount invested was less than $30 million, a tiny fraction of the UC system's $100 billion investment portfolio. Klein said she did not know exactly which private prison companies the system held shares in or exactly how much money was invested.

The coalition, a California-wide student group, said the UC system had $25 million invested in Corrections Corporation of America and The Geo Group.