Wall Street Week The Price of Policy
Oct 11, 2025
Harriet de Winton, an artist and small-business owner of DeWinton Paper Co., discusses the profound impacts of recent U.S. tariff changes. She reveals how these shifts threaten small businesses and raise consumer prices, affecting her watercolor business significantly. The conversation shifts to the roles of prediction markets in informing forecasts and the ethical implications of immigration detention systems. De Winton also highlights the challenges independent creators face in a shifting policy landscape.
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Private Detention Is Big Business
- Private companies run the vast majority of ICE detention beds and capture most contract revenue.
- Detention expansion after 2024 boosted stocks like CoreCivic as markets priced policy shifts into profits.
Plan For Contracted Capacity
- Expect agencies to contract out detention when they lack in-house capacity to run facilities.
- Plan capacity and audits in advance rather than scrambling after policy changes.
Small Town Depends On A Detention Center
- Folkston, GA expanded a GEO Group facility from ~1,100 to nearly 3,000 beds to shore up county revenue.
- The jail became a lifeline for local taxes and jobs in a town under 5,000 people.