Private prisons Research Paper Example | Topics and Well Written Essays - 750 words

Private prisons - Research Paper Example Governments do consider the benefits and drawbacks of Private Prisons and pros and cons are always analyzed all the time. The arguments in favor and against the case of private prisons revolve around money matters. Some advocates believe that it diminishes the overhead cost for federal and state agencies. Opponents are of the idea that private prisons will not have quality staff or security, lack of excellent maintenance and building, and also probable delays of letting the community know of the convict’s flight (Moore). When a state transfers convicts to private prison, there are many rooms inside the state prisons for more prisoners or right space for prisoners who were already present there. This state prison saves the money which is spent on supplies bought for the current convicts living there and also can diminish potential violence because whole living tension is reduced. When a private company goes bankrupt, all the doors are shut down. This results in possible prematu re release of violent prisoners. The whole amount of money that federal government gives to private firm to run the operations of a prison can be reduced if government can carry on the activities of prison by itself. Lower labor costs which are an aftermath of public prisons are also a factor. Most public service employees receive more in wages that is salary and the benefits in comparison to private employees. These wages are almost more than half of the overall operating expenses that a prison bears. Most private organizations still give the same salary as do the federal governments. But the health care, overtime payments and claims for compensation are usually lower for private prisons (Bledsoe, 2013). Private firms are better when it comes down to performance as compared to publicly owned prisons. They bear the claim that as the contracts they make with governments can be canceled any time, so they work on their best to provide better service than the public prisons. This usuall y means that privately owned prisons are mostly safer as compared to publicly owned prisons, and living conditions in them are better as well. Mostly, it is the prisoners’ rehabilitation that is the most noticeable quality of private prisons. Budget Predictions are much easier when it comes to publicly owned prisons. Federal governments, when working with private enterprises, have a good prediction of right cost to bolster each prisoner each day. This also assists in analysis when grant is requested. The challenge that privately owned prisons pose is that they increase their fees or allow raise expenditures for other activities and create a strain for the state financially. Private prisons pose a threat to the state in the sense that governments become too much reliant on the private organizations for a prison. This leads to high costs of operating such prison because private firms sometimes tend to work with lesser efficiency as they promised before. When governments become too much reliant on private enterprises, the cost increases a lot (Michael, 2013). All the prison services do not have money to increase the size of the building as the population of convicts grows. The amenities offered by private prison have the capacity to increase the size of their buildings so that they can arrange the building parts so that they can be utilized for different purposes. For instance, a huge room with a closed room can be used as a gym or a dormitory. This is easily achieved in

Research methods on financial management Essay Example | Topics and Well Written Essays - 2500 words

Research methods on financial management - Essay Example This paper analysis the Fishers hypothesis using data for the UK over the last 20 years, the main aim of this paper is to analyze the relationship between interest rate and inflation, the main aim of this analysis is to show that real interest rate is equal to expected inflation rate plus nominal interest rates, the paper also analysis the underlying theories that depict the relationship between the variables. Interest rates and inflation are important economic variables, high levels inflation in an economy shows that there is something wrong in the economy and policy makers will try and reduce the high inflation rate. However the Fishers model may not hold in the short run given that the policy makers may alter interest rates in the short run, a study by Yuhn (1996) showed that the relationship between interest rate and inflation was stronger over the long run than in the short run. The Fishers hypothesis depicts that nominal interest rates do not depend on monetary policy measures and that there is a positive relationship between nominal interest rate and the expected inflation rate. The Fisher hypothesis model states that real interest rate is equal to nominal interest rate plus expected inflation rate stated as R = I + ÃŽ  e where R is real interest rate, ÃŽ  e is the expected inflation rate and I is nominal interest rate. The Fishers hypothesis model is also stated as I =ÃŽ ± + ÃŽ ²ÃŽ  et where I is nominal interest rate and ÃŽ  et is expected inflation. The value of ÃŽ ² is expected to be positive and a value of ÃŽ ² = 1 shows the strong version of the Fishers hypothesis. The paper analysis the correlation between the variables and help identify whether there is a strong positive relationship between inflation and nominal interest rate, however the correlation coefficient value only shows how two variables move together and this means that there is need to run a regression model that states the