• Private prison companies are fighting the federal government to survive

    One year ago - By Business Insider

    After nearly two months of turmoil, America's private prison industry is fighting to stem the tide of bad news that keeps flowing its way.
    The trouble started in mid-August, after the Department of Justice announced it would begin phasing out its contracts for private prison operators.
    Immediately, stocks for Corrections Corporation of America and GEO Group - the two largest such companies - plunged , while prison reform advocates celebrated.
    Next, the Department of Homeland Security scrambled to follow suit, announcing it would evaluate its Immigration and Customs Enforcement agency 's...
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