Securus Technologies and the Future of Prison Technology Industry

The transformation of any given industry that bets mainly technologies is an amazing journey to watch for innovation enthusiasts like me. Prison technology industry is one such industry that saw an incredible transformation in the recent years. I can say that all of those changes made possible by a set of companies that shaped their growth vision around technology innovation. The most prominent name in that is Securus Technologies, the leader in prison technology innovation. I see the changes made by Securus in the industry both in terms of diverse solutions and servicing standards.

Compared to other players in the industry, Securus came up with a discussion on the future of security solutions and inmate communications in early 2017. I was feeling the difference of a true innovator when the company explained its plans and industry direction in the coming years. It said that the inmates would receive a number of choices including reduced pricing for services, increased product offerings, more comfortable use of products, additional video calling options, smart device access by 100%, improved usage of products and solutions, and more. The firm pointed out that by giving educational resources for the inmates, it would give more job opportunities for them when they are released from the prison.

I must say that such a move would reduce the recidivism rates as well at the end. The management of Securus also communicated that the move would help the inmates and their families get the communication opportunities 24 × 7. Additionally, it also spoke about the improved healthcare options to the inmates that are ensuring high-quality healthcare. Rick A. Smith, the Chief Executive of the company, said that the next ten years would see widespread changes in the prison technology services similar to what general public could watch in terms of telecommunication advancement in the last decade.


U.S. Tax Plan Hurts Latin American Currencies According To Brazilian Banker Luiz Carlos Trabuco Cappi

No one is sure what the Republican tax plan will do for the U.S. economy or for America’s middle class. But one thing everyone knows is big corporations will see a huge tax break in 2018. The Republicans say new jobs and more domestic business are coming, and those things will offset the $1.5 trillion addition to the country’s national deficit. But there are other issues to consider, especially when the rest of the world is part of the tax equation. The global impact of the plan is already coming to the surface. One issue popped up after Trump signed the controversial bill, and it could spell trouble down the road for Americans. Two other issues also have the international market shaking their heads. One is the impact the plan will have on foreign currencies and foreign trade. And the other issue that is hiding in plain sight is domestic inflation.

No one except international economists are talking about that elephant in the tax reduction room. Inflation will force the Feds to tighten policy faster than anyone expected, and could drive capital away from high-yielding assets. Plus, the tax plan didn’t help the dollar gain value against Latin American and other foreign currencies, according to the CEO and Chairman of Banco Bradesco, Luiz Carlos Trabuco Cappi.

Read more: Bradesco: New president to leave executive body, says Trabuco

Luiz Carlos Trabuco Cappi is the man who keeps Bradesco’s investors happy. But he doesn’t do it alone. Lázaro de Mello Brandão, Bradesco’s retiring Chairman of the Board, and patriarch of Brazilian banking is also responsible for the growth of the bank in terms of assets under management and net income. Brandão is the man who replaced Amador Aguiar, the founding father of Bradesco. Aguiar gets the credit for turning a small Marilia-based bank into giant Brazilian bank. Mr. Aguiar didn’t want his bank to be irrelevant as his death, so he was responsible for naming Lázaro de Mello Brandão CEO and his successor. Aguiar passed in 1991, and Brandão has been the Chairman of the bank since then. But in true Aguiar fashion, Brandão took Luiz Carlos Trabuco Cappi under his wing. And now Trabuco Cappi is taking over as Chairman of the Board, effective immediately.

Cappi is not just a Brazilian banker. He’s an international banker with 48 years of experience in the financial world. Trabuco Cappi is the driving force behind Bradesco’s recent successes, and according to Wall Street, Cappi’s promotion will help the bank’s stock in 2018. Cappi knows he needs help from his executive team in order to keep the bank’s stock moving in the right direction. The board is going to find Cappi’s replacement from the pool of well-trained and competent executives who work with Cappi every day.

Trabuco Cappi is an efficient manager who relies on his banking team to keep the more than 100,000 bank employees and more than 70 million Bradesco customers happy. Thanks to Cappi’s list of accomplishments, and his background in psychology, he made sure his executive team is a cut above typical Brazilian bankers. Seven of those executives are in the running to take over as president and CEO. Rumors are flying around the country because Bradesco’s leadership team is a big deal in the Brazilian banking world and on Wall Street. The main rumor is the new CEO might be Octavio de Lazari or Mauricio Machado de Minas. Octavio runs the bank’s insurance division, and Mauricio heads the bank’s IT department. There is talk that chief deal maker Alexandre da Silva Glüher will get the job. But other employees say Marcelo Noronha or Andre Cano will be the next CEO. But no one is ruling out operations specialist Josué Augusto Pancini or investment chief Domingos Figueiredo Abreu.

Find more about Luiz Carlos Trabuco Cappi:

The Other Side Of The Betsy DeVos Story

Even before her appointment as the Education Secretary in the Trump Administration, Betsy DeVos had courted controversy for staunch views of education policy. Such was her level of unpopularity; it took a rare tie-breaking vote from the Vice President to push her confirmation through the Senate. And in the months since then, the controversies over her decisions and policies have propelled her to the unenviable position of being the least popular cabinet member in a historically unpopular administration.


But there is another face to the Betsy DeVos story that gets obscured in all this chaos. Along with her husband Dick DeVos, she has overseen the donation of millions of dollars to educational charities across America. As the daughter of industrialist Edgar Prince, she was born into a wealthy family. And she married into one of the wealthiest families in the US, the DeVos clan which co-owns the Amway empire.


Along with her husband Dick, Betsy DeVos has been noted in the past for their sizeable donations to Republican political causes. But all those pales in comparison to their contributions in the field of education in America. According to the figures available on their charitable foundation website, the couple has donated close to $140 million to educational charities over the course of their lifetimes. This is in line with the philanthropic efforts of the DeVos family, which according to Forbes, has donated nearly a quarter of their $5.2 billion to various charities over the years.


Education reform has been a passionate cause for Betsy DeVos and plays a prominent part in her controversial reputation as well. Her opposition to the public school system and staunch support for vouchers and charter schools have made her unpopular for many. But all that cannot detract from her consistent and generous support for educational institutions and charities over the years.


Nowhere are the results starker in the DeVos home state of Michigan. Institutions like the Compass College of Cinematic Arts, Ferris State University in Big Rapids, the Detroit Charter School Company, and the West Michigan Aviation Academy have all benefited from the DeVos charitable donations in recent years. As the patrons of the West Michigan Aviation Academy, the couple has helped a large number of kids from disadvantaged and minority communities to achieve their dreams.


Besides education, Betsy DeVos is also a known patron of the arts and culture. They have fostered a keen interest in improving the business and management side of arts organizations. The couple also donates heavily to civic projects, leadership development, health and human services, and churches.


For updates, follow Betsy DeVos on twitter.