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The GEO Group (NYSE: GEO) and
CoreCivic (NYSE: CXW) shares are trading lower on Tuesday after President Joe Biden signed four executive orders including prison reform. Biden directed the Attorney General to not renew any of the Justice Department s contracts with private prisons.
GEO is a real estate investment trust specializing in detention facilities and community-reentry centers. The company leases and oversees secure detention centers, rehabilitation and reentry facilities, and service centers for troubled youth.
GEO shares traded down 12.33% to $7.04. The stock has a 52-week high of $18.42 and a 52-week low of $6.70.
CoreCivic through its subsidiaries operates as a diversified Corrections Corporation of America, or CCA is a real estate investment trust involved in the ownership and operation of private prisons. CCA mainly controls medium-security correctional and detention facilities located throughout the U.S.
Biden promet d agir contre le racisme, adopte des mesures restreintes lapresse.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lapresse.ca Daily Mail and Mail on Sunday newspapers.
By Marielena Castellanos
Iris Abigail Chacon Flores, who left El Salvador to escape violence, said she will never forget what she felt when she turned herself in to immigration authorities. Chacon Flores said her feet were shackled, her hands shackled. She said what surprised her the most were the shackles placed around her stomach. She was five months pregnant.
“I felt it wasn’t me they were chaining up, but my baby who was the one getting chained up, before it was even born into the world. I felt morally damaged, psychologically, when I was chained up in that manner,” Flores Chacon said.
Donald Trump’s outrageous behavior arouses such heat and demands so much attention that it seems to be all about him. Of course, from his perspective, it is and always has been.But whether Trump is removed by impeachment and conviction unlikely at.
The Pentagon, corporations and slave labor in U.S. prisons
By Sara Flounders posted on January 8, 2021
This article was originally published in Workers World June 11, 2011.
It is not only federal prisons that contract out prison labor to top corporations. State prisons that used forced prison labor in plantations, laundries and highway chain gangs increasingly seek to sell prison labor to corporations trolling the globe in search of the cheapest possible labor.
One agency asks: “Are you experiencing high employee turnover? Worried about the costs of employee benefits? Unhappy with out-of-state or offshore suppliers? Getting hit by overseas competition? Having trouble motivating your workforce? Thinking about expansion space? Then Washington State Department of Corrections Private Sector Partnerships is for you.” (educate-yourself.org, July 25, 2005)