Sun, Dec 21, 2014, 1:39 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Corrections Corporation of America Message Board

  • flipper_58 flipper_58 Oct 20, 2006 1:50 PM Flag

    California after all these years trying

    Corrections Corp of America-CXW enters into new contract with State of California
    Corrections Corporation of America announced that as a result of an emergency proclamation declared by the Governor of California, it has entered into a new agreement with the State of California Department of Corrections and Rehabilitation to house California male inmates

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Head 'em up and move 'em out.

      Front page story from yesterday's U-T:

      http://www.signonsandiego.com/news/state/20061119-9999-1n19ariz.html

      If you were to merely extrapolate the 92,000 inmates that presently exceed the design capacity of Californicate's prison system and multiply that by the supposedly $11,000+ per inmate's annual incarceration cost savings ($34,000 � < $23,000) per the contracts with CXW & GEO, it could (mathematically) reduce the cost to Californicate's taxpayers by > $1 billion.

      But if we did that, where would the CCOU get the resources to contribute $2 billion to a gubernatorial candidate,? as they did for Gray Davis' last election campaign (prior to his recall). You can't do that. It could undermine the entire public-employees' political campaign finance system. And that would be unAmerican.

      And, of course, if (hypothetically) CXW & GEO were to split the housing of Californicate's "overcrowding" element of its inmate population between them, that would translate to > $1 billion in annual revenues each (92,000 � 2 = 46,000 x $23,000 = $1,058,000,000).

      Too bad we can't clone Florence, AZ's Mayor Tom Rankin and run him and his clones for the legislature in Sacramento. About 15 clones in the assembly and half that many in the senate should do the job.

 
CXW
37.17-0.12(-0.32%)Dec 19 4:05 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Under Armour, Inc.
NYSEFri, Dec 19, 2014 4:04 PM EST
ImmunoGen, Inc.
NASDAQFri, Dec 19, 2014 4:00 PM EST
3M Company
NYSEFri, Dec 19, 2014 4:04 PM EST