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Crime pays for US prison companies

By Real Cost of Prisons Project (The Sentencing Project)

Crime pays for US prison companies by Justin Cole Sunday, March 9, 2008 - 04:30 France 24 Financiers, real-estate agents and car salesmen might be suffering from America's economic malaise, but bulging jails have triggered a profit boom for corrections companies. The United States leads the world in the number of people it incarcerates and government figures show the country's prison population grew by three percent to a record 2.3 million inmates in 2006. Harsher sentencing policies have put more criminals behind bars and prison management firms such as the Corrections Corporation of America (CCA) and The GEO Group are racing to build new jails or expand existing facilities to house more convicted felons. CCA, the largest US private prison operator, is spending 205 million dollars to build a new prison in Eloy, Arizona, to house 3,060 prisoners...continue to full post

Full post as published by The Real Cost of Prisons Weblog on March 09, 2008 (boomark / email).