Monday, March 10, 2008

Corrections Corporation of America: $$$

What the hell is wrong with us?

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.


[Corrections Corporation of America's] profits swelled to 35 million dollars in the fourth quarter of last year, rising from 32 million in the same period of 2006, as revenues jumped to 382 million dollars.

George Zoley, The GEO Group's chief executive, told analysts on a conference call in February that 2007 had been a bonanza year and predicted that "2008 will be an even better year" as more detention facilities are filled.

Update: Innocent man freed after 26 years in pri$on.


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