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Is Olin Corporation (OLN) the best prison and law enforcement stock to invest in?

    We recently compiled a list of the 10 Best Prison & Law Enforcement Stocks to Invest In. In this article, we'll take a look at where Olin Corporation (NYSE:OLN) stacks up against the other prison and law enforcement stocks.

    The United Nations Office on Drugs and Crime (UNODC) reports “Prison Matters 2024: Global Prison Population and Trends; A Focus on Rehabilitation” found that, after declining during the COVID-19 pandemic, the global prison population rose to approximately 11.5 million in 2022, an increase of 5.5% since 2012. Despite this increase, the overall percentage of prisoners persons compared to the total world population has actually decreased, mainly due to faster population growth.

    Overcrowding remains a major problem, affecting more than 60% of countries, raising serious concerns about the health and human rights of prisoners. Furthermore, there is an urgent need for better measures to prevent deaths in custody, as suicide accounts for over 10% of all deaths in prison. In some countries, prisons also face staff shortages, which can compromise safety and hinder rehabilitation efforts.

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    The prison and law enforcement landscape is evolving, marked by significant trends and changes in policy. The use of technology in law enforcement is increasing, especially with artificial intelligence (AI) tools designed to streamline operations and reduce administrative burdens. As CNBC reported on November 26, many companies are stepping in to help police departments. For example, Truleo has developed an AI technology that automatically generates stories by capturing real-time voice notes from agents in the field. CEO of Truleo, Anthony Tassone, emphasizes that this method of generating police reports is both efficient and ethical.

    Another company, 365Labs, focuses on improving the quality of police reports through AI-powered grammar and error correction. 365Labs CEO Mohit Vij acknowledges that while AI can help with basic writing tasks, human judgment remains crucial in serious incidents such as burglaries or assaults. This combination of technology and human oversight aims to increase law enforcement efficiency while ensuring officers can effectively serve their communities.

    On November 11, CNBC reported that private prison stocks rose following President-elect Donald Trump's appointment of Tom Homan as his “border czar.” Homan, who led Immigration and Customs Enforcement (ICE) during Trump's first term, will oversee all deportation efforts for undocumented immigrants. Trump emphasized that Homan will manage security at the southern and northern borders, as well as maritime and aviation security.