Looks like we are looking at another payroll tax of maybe 5% and not a little 2% like we got the last time. The FEDs look like they are going to increase the stimulus and print more money.
A persistent mountain pine beetle epidemic plus the housing crisis equals desperate times for Canadian forestry companies; many survivors are investing what's left into timberland located in the U.S. South.
In or around 2016, lumber supplies coming from Canada are expected to peak. Unless the situation deteriorates further, Canada's overall supply is expected to decrease by 9%, or 400,000 homes worth of wood products.
Thus far, the mountain pine beetle epidemic has spread across 43 million acres, killing 710 million cubic meters of timber since the current infestation began.
The allowable annual cut (AAC) over the same time period was 71 to 78 million cubic meters ; so they've already lost about a decades worth of trees.
It's happening for three key reasons
1) Governmental lands are not professionally managed
2) Old growth, mature trees (+80 years) are more susceptible to disease and harmful insects
3) Less than harsh winters have not slowed the pine beetles progress
Canada's bad news is good news if you own timberland in the US
Timber is a highly fragmented business; countless families own more than 25 acres.
The Board of Directors of The Goldman Sachs Group increased the firm’s quarterly dividend to 55c per common share from 50c per common share. The dividend will be paid on December 30 to common shareholders of record on December 2.
Boy’s and girls we are in a tight spot. Need to breakup ALU and create shareholder value. Maybe now we can sell assets like the submarine networks division and others to where we can get a good price for the wireless division to be sold to Nokia.
I think this will be good for shareholder value to breakup ALU and sell their wireless unit to Nokia. My question is how will ALU split up the patents on the loan ALU has with GS. There would have to be some sort of a deal so the wireless patents go with the wireless unit being sold.
The memorandum of understanding will also see Britain backing CGN's plans to build a nuclear reactor in the U.K. and play a "supporting role" in operating it, according to people familiar with the matter.
"If there is no majority agreement (with unions) the social plan won't be accepted, because the law now gives the state the responsibility so to act," Ayrault said, without specifying what the consequences would be.
Exc will be taken out by so or ed. Exc has a big target on it’s back right now, and we need consolidation in this sector.