Private Prison Profits Skyrocket, As Executives Assure Investors Of ‘Growing Offender Population’

A major U.S. private prison operator known for inmate abuse, violations, and disregardfor the truth reported a 56-percent spike in profit in the first quarter of 2013, due in part to its new strategy for drastically reducing its taxes, the Associated Press reports. 

During a conference call touting its success, representatives at GEO Group boasted that the company continues to have “solid occupancy rates in mid to high 90s” and that they are optimistic “regarding the outlook for the industry,” in part due to a “growing offender population.” GEO Senior Vice President John Hurley assured investors during the call .... http://www.fromthetrenchesworldreport.com