tag:blogger.com,1999:blog-8597101.post286132027256103590..comments2024-03-25T20:06:39.794-05:00Comments on Grits for Breakfast: Local pols unenthusiastic about privatizing Harris County JailGritsforbreakfasthttp://www.blogger.com/profile/10152152869466958902noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8597101.post-2484439364166463682012-11-28T12:08:01.034-06:002012-11-28T12:08:01.034-06:00""For companies like Corrections Corpora...""For companies like Corrections Corporation of America (CXW) and GEO Group (GEO), the downside risk to marijuana legalization could be substantial. Recent reports from the analyst community make general mentions of policy changes as an ongoing risk factor, but make no specific mention of changes to drug laws. SunTrust cited the risk of “change[s] in state or federal policies and funding that reduce inmate populations,” and a post-election report from Macquarie included similar language. Otherwise, analysts are very positive on the stock, and are focused mostly on the company’s short-term plans to convert to a real estate investment trust. During the Q3 earnings call on November 8, an analyst asked about a referendum in California to reclassify some “three strikes” inmates, but no other policy changes were mentioned.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8597101.post-49293359018806375962012-11-28T12:03:55.740-06:002012-11-28T12:03:55.740-06:00We have the more people caged in our country than ...We have the more people caged in our country than any other country in the world and now we have companies on the stock market that run prisons and jails,,there is something terribly wrong about contracting duties mandated by legislators but carried out by companies that require mandatory inmate levels.<br /><br />As if we don't already throw too many non-violent people in prison now I can hear the sheriff telling deputies;"we are short 12 prisoners tonight boy's,head to the hood and sniff out some marijuana crimes." Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8597101.post-46088392139401604062012-11-28T08:28:26.312-06:002012-11-28T08:28:26.312-06:00Privatization of government functions does not hav...Privatization of government functions does not have a fine record. One of the most noted is the "privatization corporation" known as UTMB-TDCJ CMC. Refer to your own earlier articles on the intramural cat fight between TDCJ/UTMB/Texas. Cost overage was massive as had been building for a decade. It is unsettled even now. Private groups cannot operate as private industry does when running a state function ... bonuses in State agencies are not to be had. <br />They are to be had in private industry.jwgoodmannoreply@blogger.com