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Plans set for Memphis transitional housing [Video]

In addition to housing, programs, resources and jobs will be a part of the effort, hoping to reduce the chance of repeat offenders.

MEMPHIS, Tenn. — Housing to help ex-offenders get readjusted after life behind bars is on its way.

In addition to housing, programs, resources and jobs will be a part of the effort, hoping to reduce the chance of repeat offenders.

“You need housing. You need a place to stay,” said Sherrick Hunt, a graduate of the reentry program. “If you don’t have a place to stay, then how are you going to focus on getting a job? If you don’t have a job, how are you going to be able to get a place to stay if you ain’t got a job? Both of them work hand-in-hand. In order to go back to curbing crime, you’re going to have to try and help people get a job and be able to sustain themselves.”

Right now, 51% of Tennessee inmates wind up back in prison. If they get a full year or more of affordable housing and supportive programming, the recidivism rate can drop below 10%.

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Stocks fall as jobs data rekindles rate hike fear [Video]

The S&P 500 ended lower on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation.