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Even though he immediately issued an executive order ending private prison contracts with the federal government when he took office in January 2021, Biden made one exception—migrant detention ...
An ABC News analysis found that private prison companies donated more than $1 ... Also uncomfortable is the way the stocks of private prison companies seem to ping-pong based on which party is in ...
Prisons and detention centers Companies that manage private prisons and detention centers soared Wednesday on the expectation that Trump will detain more migrants who cross into the country illegally.
As of January 2020, 81% of people detained in ICE custody across the U.S. were held in facilities owned or managed by private prison corporations, according to the ACLU report.
A private prison, or for-profit prison, is a place where people are imprisoned by a third party that is contracted by a government agency.Private prison companies typically enter into contractual agreements with governments that commit prisoners and then pay a per diem or monthly rate, either for each prisoner in the facility, or for each place available, whether occupied or not.
Brentwood-based private corrections company CoreCivic's stock jumped following Trump's reelection. Here's why.
In a news release announcing the groundbreaking for the prisons, Slattery called the new facilities “the future of American corrections.” Among the new Correctional Services Corp. prisons was the Pahokee Youth Development Center, which sat in the middle of sugarcane fields in a rural, swampy part of the state northwest of Miami.
Private prison stocks Corecivic Inc (NYSE: CXW) and The GEO Group Inc (NYSE: GEO) took a big hit on Wednesday and Thursday as Democrat Joe Biden's victory in the U.S. presidential election looked ...