SWBI - Will the George Floyd verdict affect prison personal defense stocks?
Fresh calls for police defunding are underway after a jury in Minneapolis found former police officer Derek Chauvin guilty on three charges in the killing of George Floyd. His death in May of 2020 set off massive protests across the nation as many local city councils debated shifting parts of the police's budget to social services. President Biden also said the conviction was a "giant step forward in the march toward justice in America, but it's not enough. We can't stop here."Snapshot: In Minneapolis itself, there are currently some defunding proposals that could be on the ballot this November. One from the city council would replace the police department with a department of public safety, which would have divisions like mental health services. Another one would put the police department under civilian control and allow a commission to deal with police misconduct. Mayor Jacob Frey has already redirected $8M from
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Will the George Floyd verdict affect prison, personal defense stocks?