NPR: Goldman Sachs Hopes To Profit By Helping Troubled Teens
A recent NPR story explores the new relationship between Goldman Sachs and teens in the New York City prison system. Via the story:
In the New York City prison system, the outlook for juvenile offenders is bleak. They're falling through the cracks, being arrested repeatedly, and being re-released onto the same streets only to be picked up again.
The criminal justice system is failing these 16- and 17-year-olds, says Dora Schriro, the commissioners of the city's Department of Corrections.
"Just about half of them are going to return to jail in less than a year of their release from our system," she says. "And so that means right now one out of two is failing. They're being rearrested, charged with new crimes, and coming back."
So last year, the New York City Department of Corrections did something no other city in America has ever done — it asked for private, corporate investors. Goldman Sachs opted to invest $9.6 million in the Adolescent Behavioral Learning Experience program, a new curriculum that seeks to bring down the number of youth offenders going back to prison.
David Backes writes the Friday news roundup for Reclaiming Futures and contributes articles about juvenile justice reform and adolescent substance abuse treatment to ReclaimingFutures.org. He has a bachelor’s degree in sociology from Santa Clara University. David works as an account executive for Prichard Communications.