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Add comment on:Corrections Corporation of America: The Dismantling of a National Disgrace
Exploding corrections budgets have forced states to enact bi-partisan criminal justice reforms to reduce their prison populations. The US prison population peaked in 2009. Since then, states across the country have closed prisons due to excess capacity and generational low crime rates. Faced with empty beds, demand concerns, and a bleak outlook, this report details why we expect Corrections Corporation of America’s earnings to get smacked under the weight of current and future contract losses.
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