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Teen Recidivism Rate

By PBS NewsHour
Narrated by: PBS NewsHour
Unabridged — 9 minutes
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By PBS NewsHour
Narrated by: PBS NewsHour
Unabridged — 9 minutes
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Rikers Island prison houses 88,000 inmates a year, many of whom are repeat offenders. In an effort to decrease the teen recidivism rate, high finance and do-good innovation have made an unlikely partnership. Economics correspondent Paul Solman explores a new way to fund government social services through private investment.