WHY is this not the NEWS covered by our Corporate Owned Media? IMMIGRATION REFORM IS BEING BLOCKED BECAUSE OF HUGE PROFITS! BI was an independent firm for over two decades, but their CONTRACT with ICE made them an attractive target for acquisition. Hence, in 2011, the GEO Group bought out BI for $415 million. GEO Groups acquisition of BI was in line with the INCREASING SPECIALIZATION OF PRIVATE PRISON COMPANIES IN IMMIGRATION. While the private prisons own or operate only about 8 percent of prison beds across the country, they control more than 40 percent of the immigration detention cells. However, acquiring BI also helped position GEO to limit the extent to which BI might market electronic monitoring as an alternative to incarceration. More people out of prison on ankle bracelets could mean plummeting profits for the GEO Group prison operations.
Posted on: Mon, 19 Jan 2015 18:21:21 +0000
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