'The melting has begun' - responsible investors hail CoreCivic's relegation to small-cap index

Announcement by S&P is the latest in a string of troubles faced by the US prison giant

Controversial US prison operator CoreCivic will be booted out of the S&P MidCap 400 next week, in what some responsible investors are describing as proof of the industry’s unsustainability.  

In a statement, S&P Dow Jones Indices said that on August 17, Builders FirstSource, which…

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