I'm pretty behind on a lot of news, so I'll try to just get down to it. First up we've got the first quarter 2012 earnings, where we get to see yet again how much a couple of companies profit by locking people up. I'm happy to report that CCA didn't do quite as well this year as they did last year; it looks like the Corrections Investment Initiative hasn't quite paid off. They only earned $31.7 million in the first three months of this year, a measly $352,222 per day. Just last year, the company earned $40 million over that same time frame.
The GEO Group's profit dipped as well, despite the fact that its revenues increased by about $21 million. They earned a little more than $15 million in profit, which comes out to about $166,666 per day.
That seems totally justifiable.