By now, global markets have rebounded after plummeting upon the news of
Trump’s victory. Stocks of some companies surged, including the largest private
prison contractor, Corrections Corporation of America—which recently changed its
name to CoreCivic—whose shares are up 43 percent since Trump’s victory. GEO
Group, another private prison contractor, is up 21 percent. Meanwhile, stocks
also surged for many military contractors, including Raytheon, General Dynamics,
Lockheed Martin and Boeing. We speak with William Hartung, director of the Arms
and Security Project at the Center for International Policy, and Seth Freed
Wessler, reporter with The Investigative Fund who has been following private
detention centers.
|