Private prisons – the best investment in America!

If you’re looking to make a buck but gambling isn’t your cup of tea, a billion-dollar business opportunity awaits you still. The largest for-profit private prison operators in America have a sales pitch, and boy should you hear it.

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Investor Relations

CORPORATE PROFILE
Corrections Corporation of America is the nation’s largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. CCA currently owns and operates more than 60 facilities including 44 company-owned facilities, with a design capacity of more than 85,000 beds in 19 states … More >>

The Corrections Corporation of America is the largest private prison company in the US and has only grown in recent years. With over 60 facilities across the United States, the corporation has thousands of detained prisoners within its walls from coast-to-coast. Why should you care, though? Because an investment in the inhumane caging of convicted criminals means more money for you!
The CCA has made available a virtual tour of its Metro Davidson County Detention Facility for potential investors, and it got the editors at Business Insider curious as to what kind of opportunity a little Corrections Corp. stock could serve. After unearthing a slideshow that serves as a sales pitch, the CCA exposes an eye-opening — and indeed worrying — look into not just how the prison industrial complex continues to thrive off of arresting Americans, but at how the prison system in America at large, private or otherwise, is perhaps not as pretty as you even would have imagined.
More and more states are selling off their facilities to private prison companies like CCA, claims the company, and in turn investors are profiting handsomely. Why are the states selling out, though? The CCA suggests that it’s because government just can’t figure out how to manage facilities on their own. As federal prisons are sold off to for-profit companies, the CCA says that the government’s own facilities are in grave condition. In all, argues the CCA, the federal prison system is at around 140 percent of capacity, meaning that not only is the state seeing its inmates subjected to degrading conditions, but investing in public-turned-profit prisons helps see that such facilities are more properly maintained while also practically guaranteeing a sizeable pool of inmates always keeping the building brimming, and thus the investors’ bank accounts.
Does that mean investing in private prisons will help the CCA afford more buy-outs and make conditions better for detainees? Hardly. The CCA is currently in the midst of a sales pitch with 48 state governments in hopes of adding those institutes to their list of facilities, but under a contract exposed by RT last month, those prisons must be able to guarantee at least 90 percent occupancy during the tenure of a contract with the CCA for them to consider the purchase.
While private prisons account for around one-tenth of the jails in America, the CCA has seen the number of facilities under their watch grow in recent years, seeing a 12.4 percent increase in inmate populations in the last four years. As RT reported earlier this year, that wasn’t a feat easy to obtain. As it so happens, the CCA saw $133 million in income between 2006 and 2008, all the while lobbying Congress to the tune of nearly $3 million. As profits have gone up, so have prison populations, though.
According to the CCA, those numbers are only expected to climb higher.
In one slide used in their sales pitch, the CCA says that they operate “in an industry with positive investment characteristics.” For those novices in the field of prison investment, the CCA breaks that down rather thoroughly. Not only does the CCA reveal that they have limited competition, but investing in a prison is one of the few “recession resistant” gambles you can make. So resistant, in fact, is that the CCA says they thrive off of bad economic times. One talking point made in the presentation is that there is a “potential of accelerated growth in inmate populations following the recession.”
The CCA adds that while “state inmate populations are typically negatively impacted during recessions, as customers control population growth through early release, however, inmate population growth historically has accelerated post recession.”

But come on, CCA! How can someone be so sure that investing in the imprisonment of a fellow citizen is a worthwhile bet? Well, they respond, “prison populations should grow as US populations grows,” with around 18.4 million more Americans expected to be added to the overcrowded facilities by 2016. In recent years the federal prison system has seen an influx of prisoners, in part, argues the CCA, to the growing number of incarceration for immigration-related offenses. As a result, the Immigration and Customs Enforcement agency houses around 12,000 detainees in over 150 jails, which the CCA claims, “many of which do not meet new detention standards.”
With the CCA seeing record profits, should Americans expect the privatization of their detention system to mean better conditions for the immigrants and harmless convicts that make up a good chunk of the prison population? Probably not. By acting now, however, putting some money behind the CCA could prove to be a portfolio addition that any investor will be happy to have down the road.
And if the CCA is wrong? Well that just means more hard economic times, more recession and — ideally — even more over-populated prisons down the line!

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About RICK MILLER

Hello, my name is Rick Miller, welcome to comprehensive photography. In the name 'comprehensive', means to have a pretty solid grasp about the art of contemporary photography, and how the tools (both hardware and software) are all used together to produce a very precious product to meet your needs. Photography simply means that we are able to capture an image through the use of light and film, or, by using digital chips in very sophisticated cameras. My guess is that you "GOOGLED" something about photography to find us here on this website (don't you love Goggle?). I live in Santa Rosa and Eureka, California, about 40 miles (Eureka is a bit further north) north of the golden gate bridge with my wife Pat and our two boys — Ben, and Jeremy. My daughter, Sarah, is grown and lives in Portland Oregon. I am strictly a digital photographer, although I have purchased thousands of rolls of Fugi ASA 400 (now called ISO, the digital cameras auto-correction, for light compensation). Our negatives are all digitized and burned onto a DVD. I've been shooting digital for over five years, with my previous 28 working for AT&T (in digital transport via fiber, DS1, and DS3) — during which time I was a manager in charge of 911, and all "First Responder" communications, for 5 years. I shoot mostly with Canon products — my two camera bodies, and all my lenses are Canon. I edit in a variety of software. Adobe Lightroom and I use Apple's "Aperture" (I'm a Mac person), "Light Room" and "Adobe CS4 Extended". These are tough economic times, anyone out of work and financial issues knows what I mean. I also know how important it is to document special times in our personal lives, without costing a lot. I love working with you, and creating a quality product that will best capture those special moments in time forever. So don't let these tough times stop you from documenting YOUR special times, let's get together and make memories. Have you ever been feeling a little low and maybe started thinking of someone special, and then gone to a photo album or watched a slide show and re-filled your heart with joy? It is truly worth it. This website is growing very fast, it is meant for business but it is also meant for fun (Thank You Rod Remelin). Please feel free to shoot me an E-Mail, and tell me what you like, hate or feel indifferent about. Thank You for being here Sincerely Rick Miller

Posted on March 21, 2012, in NEWS, PHOTOJOURNALISM. Bookmark the permalink. Leave a comment.

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