Securus Technologies and Louisiana State Prison Partnership Allows Free Calls to Inmates due to Floods

Securus Technologies is an entirely integrated inmate communication company. It primarily deals with the innovation in communication solutions to help with public safety, corrections, and monitoring.

 

Securus Technologies released a press release announcing it was making collaborative efforts with LA DOC (Louisiana Department of Public Safety and Corrections). In this understanding, the company will allow all inmates a free call per day to family and friends around to or from Louisiana. The free call would help them stay in touch with loved ones affected by the floods in the region.

 

Securus Technologies’ CEO, Richard Smith, feels that the providing all inmates with free calls per day will help prisoners connect with their loved ones outside the prison walls during the tragic floods. Offering humanitarian concern is one of the fundamental values of the company. He further revealed that the effects of the floods were “significant and severe” and “extraordinary” measures had to be taken to ensure communication is readily available. This is expected to reduce stress and anxiety to all parties involved. Richard added that Securus Technologies had contributed $50,000 to the Inmate Welfare Fund at LA DOC to help the affected inmates.

 

Secures technologies together with Louisiana Department of Corrections will grant free phone calls through September 7th to each inmate. The estimated cost of facilitating the 25, 000 free calls will be about $300,000.

 

 ABOUT SECURUS TECHNOLOGIES

 

Securus Technologies offers prison communication technology. Its main office in Dallas, Texas. The company was founded in 1986. It has regional offices all over North America with over 1,000 employees. Securus Technologies is rumored to have 2,600 contracts with correctional facilities all over the United States of America. Securus announced in January 2016 that Securus Technologies had invested over $600 million in new technologies, patents and acquisitions over a period of three years.

 

US Money Reserve – Is it time to say goodbye to the Penny?

Well, is it time to say goodbye to the penny? According to Philip Diehl, The president of U.S. Money Reserve says yes. His one reason is, most people do not care about the penny anymore. Most people toss the penny to the ground when they have them. The other reason is that is costs more to make the penny that the penny is worth. However, the same can be said for the nickel as well. He also said that they can make the nickel more profitable or close to profitable. The penny is lost beyond all hope. In fact, the penny is no longer made of 100% copper. It is made of 97.5 percent zinc.

Philip believes that companies will round down their prices if the penny was eliminated and does not feel may would be affected by this. He also believes that competition in the market place will discipline companies not to increase prices. When questioned during his interview on CNBC Squawk Box about companies such as McDonald’s raising their prices by one penny, he felt that companies would be possible for companies to round down their prices. Why would you irritate a customer over a penny? He feels eliminating the penny does not create a new situation because companies could raise their prices regardless if the penny stays or goes. Philip Diehl says that eliminating the penny would reduce the budget by 105 million dollars, but the interviewer says that seems in the grand scheme of things. When asked who was on the other side of the argument, who was all for keeping the penny. Diehl did not give a direct answer immediately. He simply states that the coin blanks are outsourced and the mint only stamps the coins, bags them, and sends them to Federal Reserve. He did mention the zinc lobby and zinc industry are primarily interested in keeping the penny alive. Additionally the Illinois Congressional Delegation protects it because it is the seat of the American coinage with Abraham Lincoln. So the question remains, is the penny on its way out, not right now.