Good secure prisons are essential to any civilized society. The fact that America incarcerates so many people is a tribute to the Great Society. U could say our nation's penal institutions are the "mother's milk" of America. If U commit an infraction in the USA, U absolutely should be taken away. America's prison population can grow and thrive in institutional life. However, they must be behind bars where they cannot hurt We - the innocents.
Counties fell for a pitch on tax-free bonds for prisons and got nailed with millions in IRS fines.
James Parkey spent more than a decade crisscrossing the U.S. selling poor counties on a way to get rich quick. He’d help local governments issue tax-free bonds to build private prisons that would rent beds to the federal government, mainly to hold undocumented immigrants. Parkey’s model for financing lockups, which he promoted with help from a team of bond dealers, consultants, and lawyers, led to a boom in prison construction. While the jails succeeded in many places, almost two dozen defaults followed in cities and counties from Florida to Montana as the prisons struggled to fill beds amid the sudden glut. Then the IRS got involved.
As of July, eight detention center deals were being investigated over their tax-exempt financing, according to an IRS document. Several other counties in Texas and Arizona have settled with the government, paying as much as $1.9 million and refinancing their prisons with taxable debt, including at least three developed by Parkey and his network. In most cases the deals were “basically snake oil,” says Bob Libal, executive director of Grassroots Leadership, a nonprofit in Austin opposed to private prisons.
Parkey, an architect, got into the correctional facilities business in the 1970s, when Texas ordered counties to rebuild their crumbling jails. In the 1990s he founded Corplan Corrections in Irving to focus on prison design and development. “You do one, you do two, you do 10, you do 20, and I guess you’re an expert,” says Parkey, who declined to comment on tax issues. In the wake of the Sept. 11 terrorist attacks, he assembled a team to visit counties eager to kick-start their economies. It included two bond underwriters, a feasibility consultant, a Houston-based builder, and a rotating cast of private prison operators, including Emerald Correctional Management of Shreveport, La.
GEO is a blessing on Society. They keep the bad guys confined humanely in close quarters with nutritious meals, comfortable beds, and good recreation in the Yard. The Guards are happy as clams because they have secure employment. The citizenry at large is kept safe. GEO is a win-win for society and our politicians should bless this company. Amen.
Well think about that .......................................................
ENTO, Calif. — Ending years of litigation, hunger strikes and contentious debate, California has agreed to move thousands of prison inmates out of solitary confinement.
A legal settlement announced Tuesday between the state and a core group of inmates held in isolation for a decade or more at Pelican Bay State Prison calls for the end of the use of solitary confinement to control prison gangs.
Instead, the state agreed to create small, high-security units that keep its most dangerous inmates in a group setting where they are entitled to many of the same privileges as other prisoners: contact visits, phone calls and educational and rehabilitation programs.
Corrections spokesman Jeffrey Callison said the state would be able to utilize space within existing prisons to relocate the inmates removed from solitary.
But the majority of the several thousand gang-associated prisoners who have been either kept in isolation a decade or more, or have gone at least two years without a major rule violation, are to be moved back to the general prison population.
Solitary confinement as it is run now, before the settlement, remains reserved for those who commit crimes while behind bars, with set sentences that can run no longer than five years, the maximum penalty for murder in prison, apart from criminal sentences imposed by a judge.
Lawyers for prisoners in the class-action case say the settlement sets the tone for similar changes elsewhere in the nation. "This is a dramatic step forward," said Jules Lobel, lead attorney in the case and head of the Center for Constitutional Rights.
The state prison guard union, which had unsuccessfully attempted to intervene in the case, was "concerned."
"In our view California will return to the prison environment of the '70s and '80s when inmate-on-inmate homicides were at the highest levels and staff were killed," Nichol Gomez-Pryde, spokeswoman for th
Actually some prison sentence terms make no sense. Sentences for the same crime from state to state are not the same. There is no reason to treat a human being worse than an animal would be treated. Yes, if one does the crime they should do the time.
If we are concerned about profitability then consider this. Inmates who are mentally healthy cost us LESS money. Happier inmates require less supervision and less staff. There is a role for compassion in our investment behavior, and being a humanitarian should always be our first priority. I have visited GEO facilities and they are more humane and healthful for the inmates than the state prison here in Florida which don't even provide air conditioning in the sweltering heat. Just remember the staff have to live in there too for 12 hours a day or more because nobody wants to work in such a hostile environment. So your OT expense is BIG. Thank you wareham for your mindfulness and making a good point.
Who cares about solitary confinement?! We've got bigger problems. The share price of this stock is down. What's going on with this REIT?
Bernie Sanders is introducing legislation in September to end private ownership of prisons. Any concern about this? Can this legislation pass? I would hope not.
CT. kills the death penalty. Now prisoners will require more incarceration as Connecticut mothballs it's Old Sparky electric chair. Now occupancy rates at CT prisons will be a smidgeon higher and that has positive kinetic energy for GEO dividends. Does that make sense?
Sentiment: Strong Buy
Obama is for more lenient prisons sentences . But prison isn't being kept in a cage .Prison is more like a college campus . Confinement is a cage , and for years at a time . I couldn't do that to anyone .
I'm also a shareholder and mainly concerned with capital appreciation and the dividend income. However, I also know many of the guards belong in prison full time , as inmates . Many inmates are there for drugs and some still sell drugs in prison . How do most of the drugs get in there ? That's right , the guards .
Yes , many of the inmates belong in prison . But who belongs in confinement for 28 years . Also , they're placed in confinement for years without a real court of law . The Judge gives them years in prison , not confinement. Then the prison puts them in confinement for years . If those inmates were in general population , we would still get our dividends .
I'm not saying we don't need prisons . I'm saying holding people in a cage , confinement , for 28 years is wrong .
Lowell correctional institution, person put herself into protective custody from guards found dead.
Lowell correctional institution, 'Daddy,' womanizing assistant warden, fired from troubled prison .
Female Inmates in Prison Say Guards Forced Them Into Prostitution .
Guards bet on fights they set up with the inmates .
Both male and female prisoners are placed in confinement for false reasons . Officers often write false disciplinary reports . Why ? Because then can and they like the power . Also, if a guard bring in drugs to be sold by an inmate , then another inmate has drugs brought in by a visit . Well the guard locks up the competition . If the guards want sex or a fight to bet on . The inmate complies or end up in confinement with the lost of gain time .
You've got the wrong forum to advocate for more lenient punishment in prisons. You might want to petition your legislators and politicians. We shareholders are mainly concerned with capital appreciation and dividend income. We want long term growth. We do care abou tbottom line. We've had some setbacks of late, but longer term the business of incarcerating people should be good. No, we don't want to "hang 'em high." If we "hang 'em high," they'll be dead and will not need a room at the prison. We want full occupancy in our prisons. Grub should be tasty and nutritious, but not so great that it will cut into our bottom line too much.
The USA accounts for 25% of all prisoners in the world... or at least those that are reported... Barry and his minions will be shot down... have already been by several courts... prison populations are going up and will continue to go up no matter what any libtard professors say... There are simply a lot of very disturbed people in this country and we closed a ton of loony bins... so where do we put the crazies? In prison where they belong. Soon to be joined by Barry & his faithful dog Eric...
Dr. Haney, a professor of psychology at the University of California, Santa Cruz, interviewed 56 prisoners who had spent 10 to 28 years in solitary confinement in Pelican Bay’s security housing unit ......
Can we as stockholders end this type of cruel and usual punishment ?
No human or animal should be held in a cage year after year .
Dividends are paid out of more debt, comparing to same quarter of 2014 - net income is down 15~18% (including Australia's project). I really don't see how GEO could sustain 0.62$ dividends going forward without borrowing more and more... At these earnings it was trading in 31-36 range in 2014, with rising operating costs, and Fed raising rates later in the Fall - fair GEO price should be in 28.47$ to 33$ range