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Tuesday, Feb 21
2012, 10:41 AM
Corrections Corp. of America (CXW) is offering to buy prisons from cash-strapped state...
Corrections Corp. of America (CXW) is offering to buy prisons from cash-strapped state governments and run them at a cost-savings. But there’s a catch: CXW wants a 20-year contract and assurances that the state will keep the prisons at least 90% full. If the crime rate continues falling, will police, prosecutors and judges feel compelled to keep those prisoners rolling in?