Jul 13, 2018

Child migrant housing and detention industry now worth $1 billion

Immigration has become a billion dollar business for HHS. Photo: Spencer Platt/Getty Images

The Department of Health and Human Services has turned housing and detaining immigrant children into an industry that sees nearly $1 billion annually, reports the Associated Press.

The big picture: HHS grants for shelters, foster cares and child welfare services for unaccompanied and separated children rose from a $74.5 million industry in 2007 to $958 million in 2017.

By the numbers: More than 11,800 children, ranging from a few months to 17 years old, are housed in 90 facilities throughout 15 U.S. states.

  • The agency requested a total of $500 million in bids for five projects with more to come in October.
  • Over the last decade, Southwest Key and Baptist Child & Family Services has received $1.39 billion in grant funding to operate shelters.

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China tries to contain coronavirus, as Apple warns of earnings impact

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

As China pushes to contain the spread of the novel coronavirus — placing around 780 million people under travel restrictions, per CNN — the economic repercussions continue to be felt globally as companies like Apple warn of the impact from the lack of manufacturing and consumer demand in China.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others, mostly in mainland China. There are some signs that new cases are growing at a slower rate now, although the World Health Organization said Monday it's "too early to tell" if this will continue.

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Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.

America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.