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Private prison stocks aren’t feeling the expected boom

Dec 29, 2017
Stocks in the for-profit prison sector skyrocketed after the election of President Donald Trump. The Obama administration and Democratic presidential candidate Hillary Clinton had both pledged to phase out their use by federal authorities — an approach Trump rejected. But the industry hasn’t seen the sustained boost many investors expected.  Click the audio player above to […]

Why ramen noodles replaced cigarettes as prison currency

Aug 22, 2016
The study of one correctional facility illustrates a prison system shaped by declining food services.
Packets of dried instant noodles have long replaced cigarettes as a preferred form of currency inside one U.S. prison.
Chris Hsia/Creative Commons

Private prisons on the way out

Aug 18, 2016
Justice Department to phase out federal contracts.
Condemned inmates sits in housing block at San Quentin State Prison's death row on August 15, 2016 in San Quentin, California. 
Justin Sullivan/Getty Images