By Peter J Reilly, Contributor Every once in a while the IRS reacts to an issue in a surprisingly easy going manner . That is how CCA 201325011, which concerns debt pay-downs of property involved in like-kind exchanges (Code Section 1031) strikes me. …read more
Source: FULL ARTICLE at Forbes Latest
By Eric Volkman, The Motley Fool
Filed under: Investing
The planned transformation of Corrections Corporation of America has produced an early reward for shareholders. The company has announced that it will hand out a special dividend of $6.63 per share of its common stock. It expects the disbursement to be made on May 20 to shareholders of record as of April 19.
The dividend is being paid as a precursor to CCA‘s transformation into a real estate investment trust or REIT, which requires the company to distribute its undistributed earnings and profits before this year.
The special dividend yields 17.5% at CCA‘s current stock price of $37.97.http://finance.yahoo.com/q?s=CXW&ql=0
The article CCA to Pay Special Dividend originally appeared on Fool.com.
Fool contributor Eric Volkman has no position in Corrections Corporation of America. The Motley Fool recommends Corrections Corporation of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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Source: FULL ARTICLE at DailyFinance
By The Huffington Post News Editors
The corporate owner of a 1,700-bed private prison in Ohio has replaced its current warden after the state documented widespread gang-related violence and drug use at the facility over the past year.
The management change comes on the heels of a scathing inspection released last month by an independent state prison monitor, which found that an inexperienced staff had little control over violent inmates. Corrections Corporation of America, the nation’s largest for-profit prison operator, took over the Lake Erie Correctional Institution in January 2012, putting Warden Barry Goodrich at the helm.
But just months after CCA took over the facility, the state started to detect major problems: Staff turnover and vacancies were high, guards and inmates had worries about safety, and some inmates had to use plastic bags and cups as a restroom, reports said. A review released last month by a state prison monitor confirmed the earlier findings and concluded that staff had little control over the facility.
Read More…
More on For Profit Prisons
By Business Wirevia The Motley Fool
Filed under: Investing
TNS Delivers Next Generation Data Services Hub Including LTE Roaming Solutions for CCA Members
RESTON, Va.–(BUSINESS WIRE)– Transaction Network Services (TNS) will deliver a next generation Data Services Hub solution that includes LTE Roaming Services for CCA members. The TNS Data Services Hub is the only roaming hub of its kind in the industry, and this unique platform will provide participating operators the opportunity to connect for services including 4G LTE roaming, Wi-Fi access and interoperability with requisite 3G roaming fallback. CCA issued a formal request for proposal (RFP) for organizations interested in hosting the Data Services Hub, and TNS was selected by CCA’s Business Innovation Group‘s steering committee, made up of carrier members of various sizes and geographies.
The TNS Data Services Hub will provide a technical and business framework for simplifying LTE and other next generation data connectivity and roaming needs among participating operators. The solution will provide value to competitive carriers by enabling them to work more easily with one another to expand their national footprints. It will also benefit the international community by providing a single point of interconnection to the CCA community for negotiation, execution, implementation, and operation of roaming agreements for LTE and next generation data services.
“For competitive carriers to continue to compete and survive in the marketplace, they must have real roaming solutions, and I am pleased that TNS will provide a platform to achieve this important goal,” said CCA President & CEO Steven K. Berry. “The migration to next generation platforms such as LTE represents one of the most important technology shifts our industry has ever faced. TNS‘s Data Services Hub will provide a unique opportunity for CCA member operators to innovate and create next generation services that are flexible, standards-based and enhance the end-user experience.”
Surendra Saboo, CEO of TNS‘ Telecom Services Division, stated, “Enabling LTE roaming and next generation data services is a critical step for operators to realize high margin roaming revenues, grow ARPU, and prevent the churn of high-value subscribers. As a long-time supplier and partner to CCA operator members, TNS is committed to enhancing a vibrant wireless community and supporting their progression to LTE. We are thrilled to be selected as CCA‘s Data Services Hub and take great pride in serving our customers in their successful migration to the exciting new world of next generation technologies.”
The CCA Data Services Hub solution provided by TNS is an advanced 4G roaming ecosystem that supports scale, provides interoperability across multiple vendor variants and protocols, including LTE, and preserves the flexibility of …read more
Source: FULL ARTICLE at DailyFinance
Touching on issues similar to those in this post about private prison operators and their occasional claim that they should be exempted from public disclosure laws, a Tennessee court has ruled — repeatedly, and most recently on Thursday — that Corrections Corporation of America needs to release any documents requested by citizens related to lawsuits against the largest private prison contractor in the United States. CCA has argued in numerous appeals that, as a private company, their documents are not covered under Tennessee’s Open Records Act. The court disagreed. As an appeals court put it in 2009, “With all due respect to CCA, this Court is at a loss as to how operating a prison could be considered anything less than a governmental function.” From a press release on the ruling: On February 28, the Tennessee Court of Appeals issued its second ruling in a long-running lawsuit filed under the state’s Public Records Act against Corrections Corp. of America (CCA), the nation’s largest for-profit private prison company. The Court of Appeals affirmed the ruling of the lower court, holding that CCA must produce documents that it had refused to disclose, as well as pay attorney fees and costs in the case. …read more
Source: FULL ARTICLE at Forbes Latest
By Matt Stroud, Contributor After inmates sued Nashville, Tenn.-based Corrections Corporation of America, the company and the Idaho American Civil Liberties Union agreed to some minimum staffing requirements. The Associated Press made a request to see reports about those staffing agreements. Here’s what they found: CCA‘s monthly staffing reports to the state … show guards who were listed as working 24, 36 and 48 hours straight without time off. Though CCA‘s contract with Idaho doesn’t limit the number of hours a guard can work in a row, correction officials said that it would be unwise for a guard to work a 36- or 48-hour shift. And the staffing concerns don’t stop there: …during a pay period spanning late April and early May of 2012, CCA reported on its overtime report that one guard worked 111 hours — just under the 112 maximum. But the staff report for the same period shows that guard working about 123 hours. Another guard was listed as working 112 hours on the overtime report during the same pay period, compared to the nearly 130 hours that the guard worked according to the staff report.
Source: FULL ARTICLE at Forbes Latest
By Matt Stroud, Contributor * Corrections Corporation of America — the largest of the three main private prison companies in the United States — celebrated its 30th year of operation this week but the ACLU did not exactly join the celebration. From Carl Takei’s birthday toast: So, on its thirty-year anniversary, what is CCA’s vision for the future? A March 2012 CCA investor presentation boasts that incarceration “creates predictable revenue streams,” and cites the demographic trends in CCA’s favor: Nearly half of all individuals released from prison end up returning to prison within three years, one in every 100 U.S. adults are currently in prison or jail, and the U.S. population is projected to grow by approximately 18.6 million from 2012 to 2017. If these trends continue unchanged, then prison populations will continue to grow by an average of 13,000 additional prisoners each year. Add to this the increasing overcrowding of federal prisons and rising rates of immigration detention, and CCA concludes that prison privatization – which it euphemistically calls “partnership corrections” – represents a “Unique Investment Opportunity.” More: The ACLU believes that the criminal justice system should keep communities safe, treat people fairly, and use fiscal resources wisely – not serve as a “unique investment opportunity” or a “predictable revenue stream” for prison profiteers. In other CCA news, prisoners in a CCA-run prison south of Boise claim corrections officers are “secretly violating its state contract by listing employees on staff shift logs even if they didn’t work that day or only worked a half-hour.”
Source: FULL ARTICLE at Forbes Latest
By Matt Stroud, Contributor When the State of Ohio sold a medium-security prison to Nashville-based Corrections Corporation of America last year, CCA assured state officials that the facility’s 1,543 prisoners would be treated no differently than they were under the state’s control. In time, CCA insisted, the state would save millions by outsourcing incarceration to a private firm. But late last month those assurances began to sound hollow. In the year since CCA took over, the Dayton Daily News recently reported that state auditors found “inmate complaints about prison gangs, assaults and other problems have doubled…, staff turnover has been more than 20 percent and violent incidents increased 21 percent inside the medium-security prison….” Ohio’s Department of Rehabilitation and Correction is now on the hook for managing the prison’s new deficiencies — and that’s a cost no one in the state bargained for. While these circumstances are particular to Ohio, they’re part of a much larger story playing out every day, all over the country: County, state, and federal authorities, stuck with an incarcerated population that’s increased as much as eightfold in the last 40 years, are being forced to rethink how they manage prisons, how state budgets allocate spending toward corrections, and whether the criminal justice system should retool certain laws to lock up only the most violent criminals instead of those with minor violations or drug charges. Private corporations are a big part of this. CCA, the largest private prison contractor in the United States, is worth $3.7 billion and houses more than 80,000 prisoners in 16 states as well as the Federal Bureau of Prisons, more than a dozen local municipalities, and Puerto Rico and the U.S. Virgin Islands. It’s just one player in a big business that affects the lives of millions and involves billions in annual expenditures nationwide. And that’s why I’m here. Over years of reporting for media outlets large and small about prisons and prisoners, I’ve developed a prison complex — an infatuation not only with the stories of crimes that land people behind bars, but the economic realities that’ve emerged from the “prison-industrial complex,” the ever expanding enterprise surrounding incarceration in the U.S. While recent years have seen prison populations decline in some jurisdictions, the trend in recent decades has been indisputable: A larger and larger percentage of the U.S. population is being locked up, and government agencies nationwide are in the position of paying for it. With this blog, I plan to track how that happens — and to hopefully share some peripheral knowledge along the way.I welcome tips, recommendations, questions, anonymous leaks, and/or concerns. I can be reached perpetually via email at matt DOT stroud AT yahoo DOT com. You can also reach me or follow me on Twitter @ssttrroouudd or be by Friend on Facebook.
Source: FULL ARTICLE at Forbes Latest
By jojo123
I am trying to run a bash script to take a snoop on an interface with a certain port for like 5 minute and once the snoop is finished I need to parse the snoop file on unix/solaris without using WIRESHARK or ETHERAL.
the snoop that I will capture will be for DIAMETER Protocol and what I will be looking for is the total number of CCR Send and total number of CCA recieved and other related information.
I can generate the script to a level of executing the script on partiular interface and close it but how to parse it with DIAMETER protocol on solaris this is what I am more intersted in.:rolleyes:
