Seeking Alpha

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?
Comments (6)
  • drewmn
    , contributor
    Comments (6) | Send Message
     
    I have a better Idea CXW, how about you get a bigger payment in the later part of the 20 year contract if you can reduce recidivism.
    21 Feb 2012, 10:46 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    "If the crime rate continues falling, will police, prosecutors and judges feel compelled to keep those prisoners rolling in? "

     

    Well,... yes!

     

    Guess I'll be staying indoors more and more from now on to avoid the authorities looking to meet their quotas. Wait, I just realized the irony in my last statement.
    21 Feb 2012, 10:53 AM Reply Like
  • Archman Investor
    , contributor
    Comments (2465) | Send Message
     
    Crime rates falling?
    Please.
    Our drug addicted, broke nation, has no choice but to continue to resort to crime to live.
    High school drop out rates are climbing as more kids become addicted to their "medication" and parents "pain killers" coupled with their favorite "job": playing X-box 23 1/2 hours a day.

     

    Forget infrastructure. We could put a few million people to work building new prisons in every state of this country. The "stigma" of being a convict and having a record is long gone. A large and growing population of younger people think it is a badge of honor and "cool" to get arrested and do time.
    What is worse: Companies for the most part do not hold it against you if you have a record or if you do absurd things on the internet. In the old days a girl would spend the rest of her life trying to regain respect for something she did wrong as a 20 year old.
    Nowadays you can strip down to your underwear, do internet porn, and its acceptable behavior. Most parents have no idea of the amount of websites out there that catalog and store your daughters underwear clad Facebook pics and other pics your kids put on the internet. I am sorry for sounding so crude however it is the truth and if more parents knew what their so called daughters were doing they would be shocked. Then again judging from the amount of people that were featured on Jerry Springer over the years, maybe I am the one who is wrong here.

     

    Nothing more than the continuing decline of this once great country.

     

    We need more prisons. A lot more.
    21 Feb 2012, 10:54 AM Reply Like
  • maudie
    , contributor
    Comments (477) | Send Message
     
    re: "will police, prosecutors and judges feel compelled to keep those prisoners rolling in?" 'Rolling in'? How about feeling compelled to keep them incarcerated? Right now it's a revolving door with rap sheets a mile long. Recidivism rules with corrupt judges, lawyers and prison boards!
    21 Feb 2012, 11:26 AM Reply Like
  • JJA1594
    , contributor
    Comments (67) | Send Message
     
    The prison-industrial complex began with the failed War on Drugs.
    With the Patriot Act and N.D.D.A. there will be no end to incarceration.
    21 Feb 2012, 11:39 AM Reply Like
  • Ambil Kembali
    , contributor
    Comments (120) | Send Message
     
    Mandate drug tests for people in charge of more than $25,000,000. Obviously these people can do much more harm than the poor seeking a photo ID!
    22 Feb 2012, 06:41 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector