As a rule, when a cabinet minister speaks publicly about a private sector company’s significant financial problems, things are not good.
Natural resources minister Jerome Kennedy told the world on Friday and Saturday that Corner Brook Pulp and Paper Limited had a heavy bank debt and an unfunded pension liability of about $80 million. Kennedy . . . → Read More: The Sir Robert Bond Papers: The Incendiary End Game in Corner Brook #nlpoli
Not surprisingly, Kruger issued an ultimatum on Tuesday to workers at its Corner Brook mill. CBC quoted the message from the company to the union in an online story:
"The first step to go forward will be to obtain a firm committment [sic] from employees by achieving a satisfactory agreement that will allow CBPPL to . . . → Read More: The Sir Robert Bond Papers: The Precipice Looms #nlpoli
Paul Oram was a colourful politician.
Well, colourful in the sense that he flamed out very quickly. Regular readers of these scribbles will remember him as the guy who had no idea what had happened in the province during his lifetime. Not long after taking over the health department, Oram precipitated a huge political crisis. . . . → Read More: The Sir Robert Bond Papers: Diversifying the economy and slowing things down #nlpoli
Let’s get something clear up front.
The provincial government will build a new hospital in Corner Brook.
That much shouldn’t be in doubt. The existing Western Memorial Hospital is long past due to be replaced. The provincial government has the cash in the bank. And even if they didn’t, they’d have to find the money . . . → Read More: The Sir Robert Bond Papers: Corner Brook hospital: follow the money talk #nlpoli