Tag Archives: private prisons

Private Prison Stocks Surge Over Border Czar Pick

Investors Daily reports: Geo Group and CoreCivic surged again on Monday after a huge rally last week spurred by earnings and elections. CoreCivic stock and Geo stock extended gains after President-elect Donald Trump picked immigration hardliner Tom Homan as his top border official. In 2016, private prison stocks galloped ahead after Trump’s first presidential election win. Geo Group, which owns, …

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Florida Lawmakers Boost Budgets For Private Prisons

Florida Politics reports: The facilities run by The GEO Group — Blackwater River Correctional, Moore Haven Correctional and South Bay Correctional — will receive $1.6 million the Legislature for the sole purpose of raising correctional officer salaries “commensurate with salary increases for state correctional officers.” The chambers also both directed individual supplements for contract extensions at three prisons, two of …

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Biden To Phase Out Federal Use Of Private Prisons

The Wall Street Journal reports: President Biden on Tuesday will sign a series of executive orders that are intended to advance racial equity, including action to phase out the federal use of private prisons. Mr. Biden is expected to sign four orders in the afternoon, administration officials said. He will also deliver remarks on the need to address inequities in …

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Private ICE Prisons Rake In Big Profits Under Trump

USA Today reports: The use of private prisons to detain immigrants is not new, but the business has exploded under Trump. At least 24 immigration detention centers and more than 17,000 beds were added in the past three years to the sprawling detention system run by U.S. Immigration and Customs Enforcement (ICE). A USA TODAY Network investigation found that the …

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Elizabeth Warren Unveils Plan To End All Private Prisons

Reuters reports: U.S. Democratic presidential candidate Elizabeth Warren on Friday called for the elimination of privately run prisons and detention centers at the federal and state level, arguing they too often place profits above safety. The U.S. senator from Massachusetts also pledged to ban private contractors from charging inmates for routine services such as phone calls, bank transfers and healthcare, …

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REUTERS: Private Prison Group Works Asylum Seekers For Pennies, Then Gouges Them For Commissary Food

Reuters reports: Detained in a California lockup with hundreds of other immigrants seeking asylum, Duglas Cruz faced a choice. He could content himself with a jailhouse diet that he said left him perpetually hungry. Or he could labor in the prison’s kitchen to earn money to buy extra food at the commissary. Cruz went to work. But his $1-a-day salary …

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Suit Alleges Influence Peddling By Private Prison Giant

Law & Crime reports: The Federal Election Commission (“FEC”) is allegedly turning a blind eye to influence peddling orchestrated by a private prison company which made illegal contributions to a pro-Trump Super PAC. In response, non-partisan public interest watchdog, the Campaign Legal Center (“CLC”) filed a lawsuit against the FEC alleging the agency violated federal law by unlawfully delaying enforcement …

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