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One of Oregon’s oldest businesses is putting itself up for sale. Economic analysts say a series of unfortunate financial decisions has made Pope & Talbot the latest casualty in the shrinking timber industry. As Kristian Foden-Vencil reports, the company only employs about 280 people in Oregon, but the loss of yet another headquarters is tough for Portland to swallow.
The U.S. House has passed a Medicare bill that includes renewal of a program that pays subsidies to timber counties, especially in Oregon.
A psychic who used an elaborate con to steal $15 million from the heir to an Oregon timber fortune was sentenced Thursday to more than eight years in federal prison.
Weyerhaeuser made headlines recently when the timber company sold 140,000 acres of forest land in Clatsop County to The Campbell Group, a timber investment management organization (TIMO) based in Portland. The Daily Astorian editorial board has raised concerns about how the land will be managed now that it's in the hands of an investment company, which may have different goals and therefore a different effect on the community than the land's previous owner:
The well being of neighboring communities isn't a major consideration. The land is just a trading card. Public access isn't guaranteed. Key management decisions are made far away.
The billion-dollar subsidy for rural Western counties may not be winding down permanently, after all.
One of the lead negotiators for sports owner Merritt Paulson was hired Wednesday by the city of Beaverton.