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RG Richardson City Guides

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Donald Trump’s victory has boosted shares in private-prison companies

Donald Trump’s victory has boosted shares in private-prison companies

AS the dust settled on Donald Trump’s election victory, what businesses did investors think would benefit most from his return to the presidency? Tesla? Big oil? Rustbelt manufacturers? No: two firms that lock people up. Shares in GEO Group and Core Civic, which own and run prisons, soared by two-thirds in the three days after the election, beating the rest of America’s 1,500 most valuable firms.

Chain gangs, free labour, and kickbacks that are very profitable; just like the sharecropping cotton days in the south? All part of the monetization of the presidency and new homes for the deported immigrants?  

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