An effort to get public money out of private ICE detention in New Mexico saw a partial victory this week. A coalition of educators and immigrants rights advocates have been urging the New Mexico Educational Retirement Board to drop investments in CoreCivic and GEO Group, corporations that own or manage three-quarters of migrant detention facilities in the U.S and are accused of a range of civil and human rights abuses. Between the two, they also imprison hundreds of state and federal inmates in four New Mexico counties.
In a retirement board meeting Friday, members pushed off a decision to divest until later this fall. But the stock market decided for them in one case: CoreCivic is being dropped from the fund’s portfolio this week due to poor financial returns.