The bright side of bankruptcy — from Sunday’s San Francisco Chronicle editorial page:
Redwood wrangle – It may be a new day for logging
The fabled Pacific Lumber redwood company is teetering in a billion-dollar bankruptcy in a Texas courtroom, some 1,800 miles from its foggy stands of primeval trees near Humboldt Bay.
It may sound like an ignoble end to a woodsy soap opera that’s featured tree sitters, a corporate raider and $500 million in government payouts to forestall chain-sawing many of the world’s oldest, tallest trees.
But the court proceedings may produce a remarkable result: a revival of logging on terms that both environmentalists and timber firms can accept. Jobs, thriving forests, regulatory precautions – all the issues that bedevil the timber industry and its critics – could be worked out in a new way.
Read the rest here…
This article appears in California Improved.
The editorial makes it unclear that the TNC bid is not on the table while the MRC bid is.
Also, I guess you can judge a book by it’s cover sometimes, and this weeks cover of the Journal sucks.
and this weeks cover of the Journal sucks. Eh? Personally, I thought it was brilliant. I loved it. It’s just a nice fictional story, my friend. Or, is it?
I think it’s lame to feature a fictional story on a real life topic when there are much more interesting and complex things happening in real life that could be reported on. What’s next, a fictional story about a drugged out real estate agent who finds his calling in life when the county supes pass a temporary building moratorium?
Is that a story pitch Mr. Doe?
Would that be an autobiographical piece?
I definitely want that story when fiction issue rolls around again in August.
Talk to my agent.
I thought all NCJ articles were fiction 😉