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Interfor gets go-ahead on Pope & Talbot mill deal
Figures in U.S. dollars) VANCOUVER, British Columbia, Jan 7 (Reuters) - International Forest Products Ltd (IFPa.TO: Quote, Profile, Research) won court approval to buy three sawmills from struggling rival Pope & Talbot on Monday, but immediately said it plans to sell one of them. Interfor agreed in November to pay $69 million plus working capital for the mills in Castlegar and Grand Forks, British Columbia, and Spearfish, South Dakota, from Pope & Talbot (PTBT.PK: Quote, Profile, Research), which is under creditor protection. A deal has been reached to sell the Spearfish mill to Neiman Enterprises Inc, a family owned company in Hulett, Wyoming, for $14 million plus working capital, Interfor said in a statement. Interfor's current operations are all based in British Columbia and the U.S.
Energy woes before nuclear energy can help
And even if the Chancellor has forgotten the little matter of reviewing his changes to Capital Gains Tax, British industry and commerce has not. Any news on this, Mr Darling? We're only three months from the start of the new tax year. Obviously it is good news that someone in authority is watching closely the hikes in domestic fuel bills. Maybe, just maybe, some energy suppliers might think twice about following Npower's decision last week to impose swinging prices rises, but I doubt it. Calling in the chief executive of regulator Ofgem, Alistair Buchanan, won't stop British Gas and other firms following Npower's lead. Why? Because there's very little Mr Darling can do about it. .
Uncovering Mexico
America can no longer afford the $2 trillion dollar a year, to support the pariah contractors and businesses that hire illegal immigrants. They themselves receive all the profit, and the taxpayers gets the bill for hospitals, education and the massive prison appropriations. With between 12 to 20 million illegal aliens already here, with another estimated 17 million turning up on our shores by 2010, we are forced by federal law to subsidise these low income families. Taxpayers fall for this trick all the time, because the government doesn't tell us about food stamps, subsidised housing and a whole cornicopia of other free goodies. Its so easy for the citizen-taxpayer to carry the burden of cost's while the employer walks away. Free trade entities are behind the Bush administration unfettered movement of illegal cheap, foreign labor which is undermining our citizen workers wages.
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