Viral Video Shows Airliner Landing Sideways At UK Airport In Extreme Winds

It’s among the most daring and skilled feats of piloting we’ve ever seen. During a powerful storm that hit England and devastated much of Wales over the weekend with the worst flooding in 30 years, a pilot executed an unbelievable “sideways landing” at Bristol Airport that was caught on film.

Storm Callum produced powerful 40-knot crosswinds just as a TUI Airways flight full of passengers was attempting to land last Friday. Footage shows the strong winds rocking the plane from side to side as it made its descent, with the pilot spending over a minute angling the plane’s nose in the direction of the winds, causing the aircraft to land almost sideways

The dramatic footage confirms the pilot’s perfect execution of the unusual and daring landing saved lives in what could have easily been an aviation disaster. 

Storm Callum disrupted flights across parts of the UK over the weekend, bringing powerful winds and heavy rain. 

One aviation researcher was quoted by The Sun as explaining of the unusual emergency conditions landing: “Aircraft need to compensate for the crosswind otherwise they will be blown off course, they do this by pointing their nose into the direction the wind is coming from, demonstrated perfectly by this crew.”

The analyst, known under the handle “Mr. Aviation Guy,” was quoted further as saying, “They do this by pointing their nose into the direction the wind is coming from, demonstrated perfectly by this crew.” He explained, “It is always fascinating to watch planes landing in strong crosswinds and it is fantastic to see such amazing skill by the pilots.”

The Daily Star reports that most pilots had been scared off from attempting the dangerous “sideways landing” and were diverted to other airports:

Nine planes were diverted to Manchester Airport from Bristol after winds barrelled into the south west of England.

But amazingly, the pilots of this TUI Airways Boeing 757-200 aircraft pulled off an impressive sideways landing.  

Other planes were filmed attempting the same manoeuvre — only to bail at the last moment.  

Video of the epic landing has since gone viral as the UK now assesses nationwide damage from the powerful storm that swept the country. 

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Drug Companies, Scared of Regulation, Inch Toward Price Transparency

DrugPricesRobertByronDreamstimeHoping to preempt regulatory efforts to mandate drug price disclosures, the Pharmaceutical Research and Manufacturers of America (PhRMA) announced today new voluntary direct-to-consumer advertising principles.

Specifically, all DTC television advertising by drug companies “that identifies a prescription medicine by name should include direction as to where patients can find information about the cost of the medicine, such as a company-developed website, including the list price and average, estimated or typical patient out-of-pocket costs, or other context about the potential cost of the medicine.” In addition, drug companies will also create a new platform to provide patients, caregivers and health care providers with cost and financial assistance information for brand-name medicines. This won’t be too terribly different than the status quo, since it is actually already relatively easy to find pricing information for most drugs online.

The big announcement is a clear effort to throw a bone to politicians and bureaucrats hoping to demagogue the drug price issue in coming elections. The Trump administration and members of Congress have been calling on pharmaceutical manufacturers to reveal the prices of their drugs in their television advertising. In August, the Senate passed a bill that would have provided $1 million for the U.S. Department of Health and Human Services (HHS) to devise and issue a regulation requiring price disclosure. If implemented, the Food and Drug Administration would consider drug advertisements without prices as labeling violations.

“The pharmaceutical industry hates this bill and this amendment like the devil hates holy water. They don’t want to tell you what it is going to cost,” said Sen. Richard J. Durbin (D–Ill.) in a Senate floor speech in favor of the bill. “We are trying our very best to give the American consumers a break and perhaps to start to slow down the cost of prescription drugs.”

In September, the House of Representatives refused to pass the Senate bill, thus killing this legislative effort to mandate drug price transparency.

HHS Secretary Alex Azar was unimpressed by PhRMA’s announcement. “Our vision for a new, more transparent drug-pricing system does not rely on voluntary action,” declared Azar in a statement. “The drug industry remains resistant to providing real transparency around their prices, including the sky-high list prices that many patients pay. So while the pharmaceutical industry’s action today is a small step in the right direction, we will go further and continue to implement the President’s blueprint to deliver new transparency and put American patients first.” HHS is expected to issue new drug price transparency regulations soon.

PhRMA claims to be worried that disclosing the list prices of drugs in their television advertisements would discourage some patients from using medicines that could benefit them and is misleading since most patients don’t pay list prices. If HHS does issue regulations mandating price disclosures in DTC ads, the drug companies would likely argue in the federal courts that regulations requiring price disclosures would violate their free speech rights.

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Patch Publishes Completely Unnecessary Sex Offender Maps to Keep Kids Safe on Halloween

HalloweenEvery year around Halloween time, Patch, the news website specializing in local coverage around the country, publishes maps that show where sex offenders live. Patch claims this is some kind of public service, even though a thorough study of 67,000 cases of child molestation found zero increase in sex crimes against children on Halloween.

The vast majority of crimes against children are not committed by strangers, but by people close to the kids. Stranger danger is actually pointing worried parents in the wrong direction.

What’s more, sex offenders are not especially likely to go after kids on Halloween. Contrary to popular belief, “across the board the majority of sexual offenders do not go on to reoffend,” says Jill Levenson, a professor of social work who has studied Halloween crimes.

In other words, Patch publishes a list of people who have served their time and are extremely unlikely to offend again, in order to make parents terrified that the people at those addresses are out to hurt their kids.

This year is no exception. Here’s a typical Patch piece, headlined: “Fairfield 2018 Sex Offender Addresses To Be Aware Of On Halloween.” The article continues: “Find out where the registered sex offenders are living in Fairfield before the kids go out trick-or-treating. … You may want to avoid trick-or-treating at these houses and apartments on Halloween, or merely be aware of who’s living in your neighborhood during the rest of the year.”

Why? Why find this out, considering the facts above?

Last year, the National Association for Rational Sex Offense Laws’ had had enough with this approach, and wrote a letter to Patch imploring the company to stop publicizing sex offenders’ addresses. The letter, which Patch ran, suggested printing a map of all the places children have been harmed or abducted on Halloween by someone on the registry over the past 20 years. “Such a map would display no dots because exhaustive research has turned up not so much as a single case,” wrote NARSOL’s board.

That’s right: There is no recorded case of a trick or treater molested by someone on the registry either before or after localities started forbidding registrants from turning on their lights or answering the door on Halloween. The rules and the warnings made no difference, just as forbidding kids from trick or treating at homes where there are pet rabbits, or ficus trees, would make no difference. The kids are perfectly safe.

Patch responded last year with a piece subtitled, “This is why Patch publishes local sex offender maps.” It was by Dennis Robaugh, a top editor of the company.

This was Robaugh’s rationale: A child was raped and murdered by a man named Gerald Turner in Wisconsin on Halloween in 1973. “We publish sex offender maps because people deserve to know whether they live near someone like Turner,” wrote Robaugh.

But the maps do not let people know if they are living near someone like Turner. Not every sex offender is a child-murdering rapist. In fact, very few of them are. (The average age of sex offenders is 14.)

Robaugh adds: “Statistics and research may show children are at no greater risk of falling victim to pedophiles on Halloween than any other time of the year, but that doesn’t mean children are not vulnerable.”

Forget statistics. Patch prefers to stick with hysteria.

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Students “Feel Unsafe” – Start Petition To Rename ‘Clarence Thomas’ Building

Authored by Zachary Petrizzo via Campus Reform,

Change.org petition calls for the Savannah College of Art and Design in Savannah, Georgia to remove the name of Supreme Court Justice Clarence Thomas, a Savannah area native, from one of the school’s buildings because it alleges he is a “sexual predator.”

Sage Lucero, a 2018 SCAD graduate, started the petition, titled, “Take A Sexual Predator’s Name Off of SCAD’s Building,” which calls on the school to rename the Clarence Thomas Center for Historic Preservation.

During a phone interview with Campus Reform, Lucero said the petition is a way “to really start a conversation around the way in which we talk about wom[e]n… and the way in which we advocate for women’s rights and diversity.”

Lucero added that the petition was “not so much [about] politics but more so about wom[e]n.” Not only was the goal to remove Thomas’ name from the building, but “even more so to start that conversation regarding the bigger issue here.”

“It’s a small building that most people don’t go to,” Lucero said. “Everyone who goes to the university mostly is unaware that the name of the building had the namesake of him [Justice Clarence Thomas].”

Lucero also told Campus Reform that “many of the students feel unsafe about the building” name.  

Lucero writes on the Change.org petition description that until the recent controversy involving decades-old sexual assault allegations against then-Supreme Court justice nominee Brett Kavanaugh by Dr. Christine Blasey Ford, she “wasn’t aware” of the fact that a building on the school’s campus bore Thomas’ name.

The case between Clarence Thomas and Anita Hill in 1991 was extremely similar to what is happening to Dr. Ford today. When it was time for Thomas to become an associate justice of the supreme court, Anita Hill, a law professor at the University of Oklahoma, came forward with accusations that Clarence Thomas had sexually harassed her,” Lucero writes. 

The same situation is happening before our eyes today with Dr. Ford and Brett Kavanaugh. When will we learn that a victim’s trauma should outweigh politics? For women like Dr. Ford, and Anita Hill to come forward and speak out about what happened to them is extremely traumatic. For someone to not believe a victim who remembers sheer details such as laughter and has gone through therapy because of it is honestly disgraceful,” Lucero continues.

Lucero told Campus Reform that the university reached out to her in early October. She said that one of the presidents of the school said they were “basically trying to get my opinion and more so listen.”

“It’s utterly disgraceful to me that I attended a school where a building was named after a sexual predator. And not just any sexual predator, one who wrongfully won against a woman’s word,” Lucero concludes in the petition description.

At the time of publication of this article, the petition had accumulated more than 2,100 signatures. The current enrollment of undergraduate and graduate students at SCAD is more than 14,000 students.

“Please sign this petition to convince Savannah College of Art and Design and Paula S. Wallace to rename Clarence Thomas Center for Historic [sic] Preservation after Anita Hill,” Lucero implores readers of the site, describing Hill as “a woman who stood up for herself despite being denied of true justice.”

The Savannah College of Art and Design did not respond to requests for comment from Campus Reform. However, in a statement to WSAV-TV, a spokesperson for the college said, “We are aware of the petition and have reached out to the sponsor.”

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Who Was Hit The Hardest During Last Week’s Market Rout?

While we previously reported that quant and hedge funds who were over-exposed to momentum and growth factors and stocks, as well as “hedge fund darling” names were hit especially hard during last week’s rout, which saw a violent rotation out of “growth” and into “value” stocks, a deeper dive into factors and sensitivities indicated that beta, GDP sensitivity, and momentum were especially challenged during the recent pullback, based on an analysis of month-to-date performance through Oct 11 conducted by Bank of America.

Among macro exposures, GDP sensitivity and nominal interest rates sensitivity were among the most significant factors explaining performance, as both highly cyclical and rate-sensitive stocks underperformed most in BofA’s screens. Whereas overall leverage was not penalized, having floating rate debt – which is set to rise alongside the Fed Funds rate – was, with the top 25 companies by high floating rate debt as a percentage of market cap underperformed the S&P 500 by 2.2ppt, with nearly 70% of those stocks down more than the market.

Looking at who was impacted the most, BofA found that large cap active managers’ darlings were hit the hardest the top 50 stocks most overweight by active funds declined 8.9% during the sell-off (as of Oct 11), lagging the equal-weighted S&P 500 index by 2.4ppt, while the top 50 most underowned stocks were unchanged.

Incidentally, last Tuesday – just before the rout hit – we laid out a list of the “Top 20 Hedge Fund Long And Short Positions” in which we said that “the best performing strategy in the market has been also the simplest one: buying the most underweight stocks by large cap active funds and selling the most overweight stocks by large cap active funds has consistently generated alpha.”

Just two days later, anyone who had pursued this strategy was not only insulated from the rout, but generated substantial alpha.

As for the internals of the market heading into and during last week’s rout, growth stocks had led all other factor groups YTD through Sept., (+12.4%), as Value lagged (+4.3%). But during the sell-off, Growth factors proved one of the weakest links with a 7.2% decline (on avg.), lagging Value by 0.8ppt. Growth vs.

Perhaps the most notable move during last week’s rout is that value saw the biggest week-over-week reversal in nearly a decade, as Russell 1000 Value outperformed Growth by 2.4% in the week of Oct 1, reversing the Growth outperformance over Value (also by 2.4%) during the prior week.

Meanwhile, as we also noted last week, Momentum factors were especially ugly during the sell-off – the factor group took the deepest dive (-9.0%), almost wiping all of their YTD gain with the MTUM ETF suffering its worst performance day ever on Wednesday…

… and is now up +1.6% as of Oct 11. High Beta, a Risk factor, also suffered from the pullback (-9.7%), lagging the equal-weighted S&P 500 by 3.1ppt.

Finally, for those asking which hedge funds are doing the best – and worst – in the current environment, here are the Top 20 best and worst performing hedge funds of 2018 via HSBC, where we find, among other things, that after years of pain, Odey is once again leading the pack.

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Jim Kunstler: “We’re Now A Nation Consumed By Make-Believe”

Authored by James Howard Kunstler via Kunstler.com,

Speaking as a black woman wait a second! Can I do that?

Well, why not. We’re now a nation consumed by make-believe, in which you can declare anything you want about yourself and insist that everyone else agree that it is so.

If I identify this way, you must believe me! (Or else I will come after you with my cos-play mob and destroy you.)

 

The avatars out on the cutting edge of culture want to dissolve all the boundaries between all categories of everything — except us and them: their allies and their enemies. Everything else is slated to become — by force, if necessary — a big, turbid, zero-gravity soup of intersectionalrelativity. The reasons for this sanctioned insanity are not exactly what you think they are.

Case in point: The Sunday New York Times Magazine profile of one Jill Soloway, Hollywood producer / director and now memoirist of the book She Wants It: Desire, Power and Toppling the Patriarchy (“out this week,” note that little detail.) Mx. Soloway (Mx. being the newest engineered intersectional salutation) runs a movie production company named Topple, best known for putting out the TV show Transparent, about an older man who decides he’d be happier pretending to be a woman, and all the good family feeling that such a decision might engender, so to speak.

Gender was complicated for Mx. Soloway, for whom puberty arrived late, but with the sudden appearance of large breasts. “Do other people’s memories of their teenage years include things like soccer competitions or blue ribbons?” they write. “All I have is the memory of being suddenly overwhelmed by becoming sex to others.”

Aha, the curse of large breasts. What a life-annihilating affliction.

And yes, you read that right. Mx. Soloway now insists on being addressed as “they” (The Timesobliges), invoking a linguistic hall-of-mirrors in which there are always two of you: the one located in space and the one in the mirror — shall we surmise? — or perhaps there is another explanation. One might goof on the narcissistic buffoonery of this stuff all the livelong day, but that would be tiresome and cruel, so I will just come to the point and tell you what is going on here, what it is all about.

It is about fashion, status, and prestige as has been the case in human social relations since earliest (hu)man put a banana leaf on its head, to the awe and wonder of others gathered ‘round. All three of those conditions depend on a person being special, a figure apart from the boring, moiling, deplorable mob of morons who agree to be hostage to their own biology. Biology is a disease to be overcome, and you can do that by asserting your will. For instance, in the case at hand of Mx. Soloway, you can get breast reduction surgery, cut off your hair, and wear baggy clothes. This does not make you a man, but it allows you to affect to renounce your “sexual assignment.” Anyway, who wants to be a man? (The enemy!)

Jill Soloway by Ryan Pfluger for The New York Times

Rather, you pretend to exist in a make-believe liminal realm in between, relieved of all the pain-in-the-ass tensions of being one or the other, and therefore, to some degree, the tensions of being a mature mammal. Is not the game of “pretend” the chief occupation of childhood, either a happy one or otherwise? And is not Hollywood all about the game of pretend? And so, in Hollywood, the most zealous pretenders acquire the highest prestige. The trick is to get other people to agree that your pretenses are bona fide (the Emperors New Clothes gambit).

One way to accomplish that is to elaborate a fantasy that has already been set in motion as a fashion statement. With good old-fashioned American Puritanism coming back into fashion under the guise of Maoist authoritarianism emanating from the campuses, nothing carries higher status than anathemizing human sexuality, working every angle to abolish it, to banish it from the world, and to punish those who object.

There are a few little problems with this.

One is, you’re still stuck with your actual biological sexuality, whether you like it or not. Every cell in the body is imprinted — except in rare instances of what used to be called “birth defects.” There’s no “returns” policy at the sexual assignment bureau. Accordingly, people who stop short of completely screwing up their bodies with genital amputation and radical hormone treatments are still subject to sexual promptings of the type associated with their cellular DNA. Mx. Soloway has demonstrated this in her own work, as The Times explains:

After the author [Mx S.] falls in love with a lesbian while still married, the two enthusiastically make a short comedy about female ejaculation. The Topple crew pitched in, building a giant vagina and helping with costumes. Mx. Soloway calls the film, inevitably, “If You Build It, She Will Come.”

One of The New York Times’s chief roles in our society has been to confer prestige on the people they chose to write about. The Times is a mighty churning engine of status-granting, locked in a feedback loop with the readership it is working to flatter so as to place them in the social hierarchy du jour. Unfortunately, what they have to work with du jour is cultural collapse, which is exactly what converts degeneracy into prestige. It’s an unappetizing process, and its products — supposedly “gender-fluid” adult mammals — have exactly such an unappetizing presentation. What is most fashionable these days is obviously unreal, and to become a fashion-victim of that can’t have a happy ending.

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Elizabeth Warren Savaged On Social Media As DNA Gambit Backfires

Elizabeth Warren just owned herself after releasing a DNA test confirming that she’s as little as 1/1024th Native American – about half the percentage of the average white person.

What’s more, the DNA expert she used, Stanford University professor Carlos Bustamente, “used samples from Mexico, Peru, and Colombia to stand in for Native American” as opposed to, say, DNA from a Cherokee Indian which Warren has claimed to be throughout her career. 

Adding to the absurdity are two major corrections by the Boston Globe (which has become the media mouthpiece of Warren’s 2020 damage control efforts of late), letting readers know that “Due to a math error, a story about Elizabeth Warren misstated the ancestry percentage of a potential 10th generation relative. It should be 1/1,024,” and later updating it to “between 1/64th and 1/1,024th Native American.”

The reactions to Warren’s botched “reveal” have ranged from tenderfoot to savage

And a Benny Johnson superthread…

The Daily Caller‘s Benny Johnson laid out the Elizabeth Warren fraud in a 10-part tweetstorm which, in a rational world, would end the debate. 

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It’s Official: 2018 Federal Deficit Largest Since 2012

The federal government finished the 2018 fiscal year—it ended on September 30—a whopping $779 billion in the red, the largest annual budget deficit since 2012.

The current fiscal year is likely to see an even larger deficit, potentially in excess of $1 trillion.

The Treasury Department’s final data for the 2018 fiscal year, released Monday, shows that the deficit was driven by a combination of higher spending and additional borrowing. The latter was necessary to finance the former, of course, though last year’s tax cuts contributed to the widening gap between how much money the federal government takes in and how much it spends.

Tax revenues were flat during 2018 and corporate tax collections fell by $76 billion, Treasury reported.

On it’s own, the fact that American companies were able to keep $76 billion out of the government’s hands is cause for celebration. Those funds will certainly be put to more productive uses because they won’t be funneled to Washington. Trump’s corporate tax cuts brought the United States in line with the rest of the world, thereby increasing U.S. competitiveness in a global market.

But tax cuts without spending cuts are a recipe for disaster. While the Treasury’s data for fiscal year 2018 looks backwards, the trajectory for the future is the bigger story.

The $779 billion deficit for fiscal year 2018 was up 17 percent from the $666 billion deficit recorded in fiscal year 2017. The data show that the deficit is growing faster than the economy as a whole. In 2017, the federal deficit was equal to 3.5 percent of gross domestic product (GDP), but grew to 3.9 percent of GDP in 2018.

According to the Congressional Budget Office, current policies have the United States on course for a $2 trillion deficit before the end of the next decade.

“It’s an unsustainable fiscal course that will lead us to debt overtaking the size of the entire economy in as soon as a decade, and not long after topping all-time highs as a share of the economy not seen since World War II,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, which advocates for balancing the budget, in a statement.

Driven by old-age entitlements and surfing on a wave of retiring boomers, the federal government will continue to pile on more debt unless serious structural reforms are undertaken. A new analysis from longtime congressional budget aide Brian Riedl, now a senior fellow at the Manhattan Institute, a free market think tank, shows that Social Security and Medicare will run a $100 trillion deficit over the next 30 years. With the country already facing a national debt of more than $20 trillion, massive annual deficits in future years are likely to drive-up the cost of borrowing and cause America’s already astronomical debt to grow at a faster pace, he warns.

That this latest increase in the deficit happened during a period when Republicans had full control of the federal government reveals that they were never very serious about balancing the budget. Even now, they refuse to recognize the problem. Democrats, meanwhile, are promising to spend even more on entitlements, if and when they return to power.

Almost nothing about the current state of affairs in Washington suggests that policy makers are prepared to deal with this looming catastrophe. Today’s news is a reminder that the reckoning is coming, regardless of whether our elected officials are ready for it.

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Peter Schiff: The Next Economic Crash Will Be “Far More Painful” Than The 2008 Recession

Euro Pacific Capital CEO Peter Schiff is sounding the alarm after this week’s market selloff, saying Wall Street and the U.S. economy are on the verge of a recession.

“I think as Americans lose their jobs, they are going to see the cost of living going up rather dramatically, and so this is going to make it particularly painful,” Schiff said.

“This is a bubble not just in the stock market, but the entire economy,” he told Fox News Business. 

Schiff is predicting a recession, accompanied by rising consumer prices, that will be far more painful than the 2007-2009 Great Recession.

As SHTFplan.com’s Mac Slavo notes, President Donald Trump blamed the recent stock market woes on the Federal Reserve and the rising of interest rates.

“I think the Fed is making a mistake. They’re so tight. I think the Fed has gone crazy,” Trump told reporters on his way to a rally in Pennsylvania on Wednesday.

Trump said that the United States’ central bank is solely responsible for the worst stock market selloff since February, saying the Federal Reserve “has gone crazy.”

Schiff said it isn’t entirely the Fed’s fault, however, because they have been acting “irrationally” for a very long time while slowly adding nails to the economy’s coffin.

What is crazy is for the Fed to believe that they can raise interest rates without pricking their own bubble,” he said.

“All bear markets start off as corrections. I think this one is probably a bear market. It’s long overdue,” Schiff said on FOX News Business. 

Schiff said investors are on the edge of a precipice that foresees a bear market far worse than the stock market crash of 2008.

This is a bigger bubble than the one that blew up in 2008, and the crisis that is going to ensue is going to be far larger,” he said.

Schiff, along with other market experts, has criticized the government as well, for their obvious role in all economic crises. He’s warned about rising interest ratesthe disaster the trade war will have, and the skyrocketing global debt which will all compound into a massive financial problem that’s inevitable.

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For Female Inmates, Talking Back is More Likely to End in a Trip to Solitary

|||Karen Foley/Dreamstime.comPrisons are more likely to give women serious punishments for minor infractions, according to a new collaborative report from NPR, The Social Justice News Nexus, and The Chicago Reporter.

In California, Vermont, and Rhode Island, for example, women were anywhere from two to three times as likely to receive disciplinary action for such infractions as “disrespect,” “disobedience,” and “derogatory comments” against corrections officers and inmates. Depending on the state, such infractions meant longer prison time, restrictions in family visits, loss of shopping privileges at the prison commissary for items such as food and women’s hygiene products, or even solitary confinement.

One former inmate, Celia Colon, told NPR that she received a disciplinary ticket for “reckless eye-balling” after she made a face when an officer gave an order. The led to an unspecified amount of time in solitary confinement.

Maggie Burke, a former warden at Illinois’ Logan Correctional Center, told investigators that corrections officers tend to “discipline based on emotion rather than on safety and security.” Are facilities truly being made safer, she asked, if women who “talked back” are being put in solitary? A November 2016 audit of her old facility found that an overuse of solitary confinement helped exacerbate poor mental health conditions among the prisoners. Suicide attempts at the prison had increased from one a month to 10.

About 61,000 people were kept in solitary confinement in 2017 for up to 22 hours a day. Though the number has declined over the past five years, mental health professionals argue that those unfortunate enough to experience this punishment are essentially victims of torture. Many prison reformers argue that it violates the Eighth Amendment, which prohibits “cruel and unusual punishments.”

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