Legalization of Pot Means Trouble for Private Prisons

“At one time, private prison investments were great. They were making tons of money because it was this grand idea on how it was going to be so much better than the state led prisons. However, it now looks like one of the worst investments you can make.  With the potential abolition of mandatory sentencing for drug crimes, and many prisons cutting ties with CCA, MTC, and GEO Group (NYSE: GEO) because of their poor management abilities, it’s just going to get worse. If these company prisons end up having to bring in riskier offenders to already understaffed facilities, more problems are sure to arise. When the problems increase, they become a less attractive option.”

http://www.wealthdaily.com/articles/legalization-of-pot-means-trouble-for-private-prisons/4948

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State Weighs Moving Inmates to Private Prisons, Or Buying a Prison

“The Oklahoma Board of Corrections is looking at three options to deal with overcrowding at the state’s prison facilities: expanding public prisons, contracting for more private-prison beds, and buying or leasing one of the state’s two empty private prisons. At its Thursday meeting, the board approved a measure allowing the Department of Corrections to draw up a request for proposals from private prison companies to provide an additional 350 to 2,000 medium-security prison beds for state inmates. The board also voted to request more funding this fiscal year to pay for using private-prison beds and seek more funds for fiscal 2015 to give a pay raise to corrections officers and support staff.”

http://oklahomawatch.org/2014/01/09/with-overcrowded-prisons-state-looks-at-moving-more-inmates-to-private-prisons-or-buying-a-private-prison/

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Angry Bart Takes His Parting Shot

“After almost 30 years in Washington, Bart Chilton will soon be taking his leave. For the past 6 1/2 years, he has been an outspoken member of the Commodity Futures Trading Commission, one of the financial industry’s most important regulators.  Chilton leaves behind a sobering message: Wall Street continues to use every trick in its playbook to do whatever it can to eviscerate numerous post-financial-crisis rules. The arsenal includes high-powered lobbyists who outnumber lawmakers 10-to-1; $1,000-an-hour letter-writing lawyers who gain strength from negotiating over arcana; and the occasional hoodwinking of a president whose knowledge of the ways of finance are close to nil.”

http://www.bloomberg.com/news/2013-12-24/angry-bart-takes-his-parting-shot.html

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JPMorgan To Exit Foodstamp, Other Prepaid Cards Business

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“Mess with us, we’ll mess with you. That is the message one can derive from JPMorgan’s surprise announcement that it plans to ‘sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits.’ Which also includes the infamous Electronic Benefits Transfer, or foodstamps, card. According to Reuters, the product, which has been offered with cash and treasury services to companies and governments, ‘had become a headache of risks in operations and regulations, according to a person familiar with the matter who was not authorized to speak publicly.'”

http://www.zerohedge.com/news/2014-01-09/jpmorgan-exit-foodstamp-other-prepaid-cards-business

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The More Wasteful The Program, The More Essential It Is To Washington

“The Agriculture Department gave an Oklahoma winery $200,000 to purchase new equipment.  An Alaska Brewery collected $450,000 to add a new boiler.  Agriculture also gave $100,000 to a North Carolina vodka producer.  Congress devoted $350,000 to the Paterson Great Falls National Historic Park which the National Park Service said should not be a federal park.  Health and Human Services spent nearly $200,000 on a Hollywood party.  The Post Office paid futurist Faith Popcorn to imagine its future.  The Institute of Museum and Library Services gave a New York museum $150,000 to create an exhibit on play.  A Colorado museum received more than $40,000 for its toy collection.”

http://www.forbes.com/sites/dougbandow/2014/01/06/the-more-wasteful-is-the-federal-government-program-the-more-essential-it-is-to-washington/print/

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Life in the Electronic Concentration Camp

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“Whether it was collecting rainwater to water your lawn, lighting a cigarette in the privacy of your home, or gathering with friends in your backyard for a Sunday evening Bible study—the government will know each and every transgression and use them against you.  The electronic concentration camp is perhaps the most insidious of the police state’s many tentacles, impacting almost every aspect of our lives and making it that much easier for the government to encroach on our most vital freedoms, ranging from free speech, assembly and the press to due process, privacy, and property, by eavesdropping on our communications, tracking our movements and spying on our activities.”

https://www.rutherford.org/publications_resources/john_whiteheads_commentary/life_in_the_electronic_concentration_camp_the_many_ways_that_youre_bei

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Private prisons contribute thousands to Oklahoma political campaigns

“Private prisons have given more than $400,000 to Oklahoma political candidates.  The role of private facilities under a new state prison reform law was among the concerns that led to the quashing of parts of the law, documents released by Gov. Mary Fallin’s office show.  Operators of private prisons in Oklahoma angled for a slice of the prison reform pie, campaigning to have their halfway houses serve as the ‘intermediate sanctions facilities’ spelled out in the new law to handle low-level offenders who violated terms of their release.”

http://www.tulsaworld.com/news/private-prisons-contribute-thousands-to-oklahoma-political-campaigns/article_f5ddca24-72e5-5c81-849b-031ac6c7c978.html

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Japan’s homeless recruited for murky Fukushima clean-up

“In the October case, homeless men were rounded up at Sendai’s train station by Sasa, then put to work clearing radioactive soil and debris in Fukushima City for less than minimum wage, according to police and accounts of those involved. The men reported up through a chain of three other companies to Obayashi, Japan’s second-largest construction company.  Obayashi, which is one of more than 20 major contractors involved in government-funded radiation removal projects, has not been accused of any wrongdoing.  Members of Japan’s three largest criminal syndicates had set up black-market recruiting agencies under Obayashi.”

http://www.reuters.com/article/2013/12/30/us-fukushima-workers-idUSBRE9BT00520131230

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Wendy McElroy: I Pledge Allegiance to PHRMA

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“The U.S. is attempting to give multinational corporations a status that has hitherto been reserved to sovereign nations. According to documents recently leaked from the Trans-Pacific Partnership (TPP) negotiations, the Obama administration wants corporations to be able to challenge the laws and regulations of foreign countries, and bring the dispute to a privately-run international court. The World Trade Organization currently grants the power to challenge a nation’s laws only to another nation.  The Trans-Pacific Strategic Economic Partnership Agreement of 2005 (P4) is a treaty between Singapore, New Zealand, Chile and Brunei with the goal of facilitating trade in the Asia-Pacific region.”

http://www.thedailybell.com/editorials/34847/Wendy-McElroy-I-Pledge-Allegiance-to-PHRMA/

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Idaho to take over troubled privately run prison

“Idaho will take over the operation of its largest prison from one of the nation’s biggest corrections contractors, abruptly ending an experiment with privatization at a facility that has been plagued by understaffing, multiple lawsuits and allegations of contract fraud. California officials are expanding their use of private prisons to meet a court order to reduce overcrowding.  Oklahoma’s corrections director resigned last year in a dispute over the growing use of prison privatization. Kentucky transferred about 400 female inmates out of a private prison after guards sexually assaulted inmates, and Hawaii transferred female inmates out of the same prison over similar allegations.”

http://www.tulsaworld.com/news/usworld/idaho-to-take-over-troubled-privately-run-prison/article_20036d91-f05c-50b3-be6b-062cabe8865e.html

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