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posted by Fnord666 on Saturday February 25 2017, @09:49PM   Printer-friendly
from the follow-the-money dept.

Private prisons are making a comeback:

The Trump administration is rolling back an Obama-era plan to phase out the federal government's use of private prisons. Attorney General Jeff Sessions sent a memo Thursday to the Bureau of Prisons rescinding the Obama administration's Aug. 16 order advising the bureau not to renew any contracts with private prisons, according to a copy of the letter. Then-Deputy Attorney General Sally Yates had instructed officials to either not renew private prison contracts or substantially reduce the scope of such contracts to ultimately end the department's use of privately operated prisons altogether.

Who stands to benefit?

Attorney General Jeff Sessions's four-sentence memo rescinding Justice Department guidance to reduce the use of private prisons sent stock soaring for the two companies that dominate the industry, Geo Group and CoreCivic (formerly Corrections Corporation of America). That's not necessarily because the memo will lead to a ramp-up in Geo- or CoreCivic-run federal prisons. As of December 2015, about 12 percent of all inmates in federal prisons were housed in private facilities, representing only 22,660 inmates. That certainly won't decline under Sessions, but he didn't promise to increase it substantially. "I direct the [Bureau of Prisons] to return to its previous approach," Sessions wrote. Anyway, DoJ renewed a pair of contracts with CoreCivic despite the now-scuttled order, so it's unclear if the status quo ever stopped.

Also at CNN Money.

Review of the Federal Bureau of Prisons' Monitoring of Contract Prisons (August 2016).


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  • (Score: 0, Disagree) by Anonymous Coward on Sunday February 26 2017, @12:11AM

    by Anonymous Coward on Sunday February 26 2017, @12:11AM (#471683)

    What is it with useless nobodies who post anonymously and talk about how stupid people who talk about how graduates from prestigious schools are stupid are? Chances are, we're all worthless nobodies here, and just graduating from a prestigious school would not change that. Trump has actual accomplishments and fame (whether you like him or not) that don't just involve graduating from a "prestigious" school. That's a fairly pathetic reason to feel important.

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  • (Score: 1, Interesting) by Anonymous Coward on Sunday February 26 2017, @04:20AM

    by Anonymous Coward on Sunday February 26 2017, @04:20AM (#471737)

    What is it with useless, indeed...The $1 million that Trump initially got from Daddy, plus the additional $10 to $50 million he got (depending on your source) from Daddy could have been put in an unmanaged blue-chip trust fund by a functionally retarded adolescent and, today, said adolescent could have lived comfortably off part of the capital gains and would still be worth at least an order of magnitude more than Trump. Just by virtue of improvement of the market over 40+ years and not doing anything as "retarded" as Trump did with his tens of millions. There is your "actual accomplishments and fame."