Wednesday, May 4, 2011

Earnings Time!

It our favorite time of year here at WhyIHateCCA, when I get to re-affirm my deeply rooted hatred of an industry that earns profit from incarcerating human beings. The first-quarter 2011 earnings statements are being released. Yay!

The GEO Group was the first to release their statement this year. They earned $22.7 million in profit over the last four months. That comes out to around $252,222 every day, or $175 EVERY FRIGGING MINUTE. In profit.

Their chairman, George Zoley, said he's "pleased with our strong first quarter earnings." I guess he would be.

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