Wednesday, November 9, 2011

Prisons for profit......Dancing to the Jailhouse Rock

A must read......prisons for profit!!!!

http://www.foxbusiness.com/industries/2011/11/09/private-prisons-dancing-to-jailhouse-rock

(excerpts)
"Any changes with respect to drugs and controlled substances or illegal immigration could affect the number of persons arrested, convicted, and sentenced, thereby potentially reducing demand for correctional facilities to house them," the company's annual report said.

Boca Raton, Fla.-based GEO Group Inc. (GEO), in the industry's No. 2 spot with nearly $1.3 billion in 2010 annual revenues and capacity for 81,000 prisoners, offers similar language in its 2010 annual report: "A decrease in our occupancy rates could cause a decrease in revenues and profitability."

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