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Southern loggers are pushing wood production to a 13-year high. So why is the price of lumber up 288%?

Southern loggers are pushing wood production to a 13-year high. So why is the price of lumber up 288%? Fortune 2 hrs ago © Ty Wright/Bloomberg—Getty Images Absorbent lumber prices mean money, in a sense, does grow on trees. Its why loggers are racing to cut down more Southern yellow pines—a plentiful pine that dots the Deep South. On Tuesday, British Columbia-based lumber giant Canfor announced its plan to invest $160 million to build its first-ever sawmill in Louisiana. That comes afte...
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Source: msn.com

As Student Debt Soars, Relief Should Focus on Neediest Borrowers

Ty Wright/Bloomberg The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium on student loan payments. President-elect Joe Biden is facing high expectations to pursue broad-based student l...
New York United States Chuck Schumer Wright Bloomberg Beverly Hills Betsy Devos

Huntington Bancshares, TCF Financial Are Merging in All-Stock Deal

After Huntington and TCF combine, the newly formed Huntington will maintain two headquarters: one in Detroit, where TCF is based, and the second in Columbus, Ohio. The Detroit headquarters will house the commercial bank while the consumer segment will be based in Columbus. “We wanted to make this a win-win for Michigan and Ohio,” Stephen Steinour, chairman and chief executive at Huntington told Barron’s. He went on to note that TCF is the right partner for the bank, given their overlapp...
Wright Bloomberg Huntington National Bank Tower Huntington Bancshares Financial Corp ரைட் ப்ளூம்பெர்க் ஹண்டிங்டன் தேசிய வங்கி கோபுரம்

Tensiuni in NATO. Washingtonul pregatit sa impuna sanctiuni Turciei pentru achizitia de rachete rusesti S-400

Administratia SUA intentioneaza sa impuna sanctiuni Turciei pentru achizitionarea din Rusia a sistemelor antiaeriene S-400 din Rusia. Sanctiunile vin la aproape trei ani de zile de cand Moscova si Ankara au batut palma pentru acest tip de sisteme. Presa internationala sugereaza ca sanctiunile pe care Washingtonul vrea sa le impuna vizeaza administratia industriei de aparare din Turcia dar si pe seful acesteia, Ismail Demir.
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Source: ziare.com

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