Private prison operator expects business increase

NASHVILLE, Tenn. - The nation's largest operator of private prisons expects to benefit from the Bush administration's expansion of federal police and sees prison crowding as leading to more business.

Corrections Corporation of America, which houses about 63,000 inmates in 20 states and the District of Columbia, also told investors that the age group producing many prisoners - males 18 to 24 years old - is growing and should create more demand for its services.

Critics contend that what is good for a private prison generally spells trouble for society.

CCA is working to persuade investors that its prospects are bright and its jails secure after a summer in which it saw two riots within a week at prisons in Colorado and Mississippi, and a female inmate died of a skull fracture at a CCA detention center in Nashville.

The company also saw its second-quarter earnings fall 24 percent, a drop it blames on an accounting change for taxes.

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