Stories Tagged as
Private prisons
Why Britain is releasing prisoners early
by
Leanna Byrne
Sep 25, 2024
The U.K. is releasing prisoners as a solution to overcrowding.
Private prisons anticipate business opportunity after Title 42
May 12, 2023
Two companies talked a lot about the ending of the Title 42 immigration policy in recent earnings calls.
Private prison stocks aren’t feeling the expected boom
by
Andy Uhler
Dec 29, 2017
Stocks in the for-profit prison sector skyrocketed after the election of President Donald Trump. The Obama administration and Democratic presidential candidate Hillary Clinton had both pledged to phase out their use by federal authorities — an approach Trump rejected. But the industry hasn’t seen the sustained boost many investors expected. Click the audio player above to […]
New York City pension funds are divesting private prison stocks
Jun 9, 2017
New York City’s pension funds announced they’re selling $48 million in stocks and bonds invested in three private prison companies. It’s the first group to publicly divest from that industry, and cited recent reports of inmate deaths, as well as concerns of overcrowding and understaffing. Private prisons are expected to grow under President Trump. That’s […]
Can for-profit prisons force detained immigrants to work?
Mar 7, 2017
A federal judge in Colorado has approved the first class-action lawsuit testing whether private prisons can force detained immigrants to work as “volunteers” for as little as $1 per day. The case centers on an ICE detention facility run by the GEO Group, one of the country’s largest private prison operators, and may turn on […]
A small Georgia town where prisons play a big role
Jan 13, 2017
McRae-Helena could see its fortunes change under the Trump administration.