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Readers respond: 10-years for improper asbestos removal

BY HBSDEALER Staff

 

An article headlined “Illinois contractor gets 10-year sentence for asbestos violation” generated the following reader comments:

“All contractors should be licensed.  Part of the licensing process should be environmental awareness and the process associated with it.  I get more and more angry everyday seeing dishonest, unscrupulous contractors putting customers at risks while driving down prices so that capable honorable contractors cannot compete.
“As you can tell, I have little sympathy for people that willingly violate any laws, environmental or otherwise.  I may not agree with all the laws but if it is the law then we should be accountable to them.  Too often now days people are not held responsible for their actions.  This case did not appear to be about someone caught up in a situation of which they were unaware but more of an intent to subvert the law.  His unethical action put unknowing workers and the public at risk.
“However, I do feel that our courts have lost sight of fairness in penalties of certain crimes.  If crimes concerning murder, rape and assaults were dealt with this harshly I think we would be living in a safer environment.  It seems if you kill someone the penalty for killing them would not be as severe as dumping their body in a river and being convicted for polluting the river.”
— Joe Patton

"10 years is absolutely ludicrous! A violation of this sort warrants a fine, not a jail term. Child abuse, rape, murder, multi-billion dollar mortgage/bank frauds warrant jail time. How could a justice system give a contractor jail time while bank  executives who basically trashed the entire American financial system are not even taken to court? (Oh, that’s right — they got bailouts instead of jail time.)  

— Chuck Crocker
Winnipeg, Canada

 

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RONA and Lowe’s: battle of the microsites

BY Brae Canlen

Canadian retailer and distributor RONA has launched a “microsite” to combat what it considers  a hostile takeover attempt by U.S.-based Lowe’s, which currently operates 31 stores in Canada. On the microsite page, Rona gives the background of the $1.85 billion unsolicited bid from Lowe’s on July 8, and the reasons its board has decided against the proposal.

Lowe’s has launched a similar microsite, which starts with the chronology of the original non-binding proposal. But the two companies prefer different outcomes, of course. Lowe’s believes a merger would be better for RONA’s stakeholders and customers alike.

The companies also differ on whether Lowe’s is attempting a hostile takeover. 

Here’s RONA’s view:

“Lowe’s indicated that it had held discussions with a number of shareholders of RONA and proposed entering into a board-supported transaction,” the Boucherville, Quebec-based retailer stated. Although the current RONA board opposes the transaction, Lowe’s has indicated it intends to still move forward with the proposed acquisition, according to RONA.

On its microsite, Lowe’s said it was only trying to get the word out. 

“It is important for the public to understand that Lowe’s has made a non-binding proposal only to the RONA Board of Directors, which the RONA Board has rejected. We are making our proposal public to enable the shareholders and stakeholders of RONA to become fully informed about the proposal so that they may make their views known to the RONA board of directors.

“There is no assurance a deal will be consummated.”

 

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July shows little change in unemployment rate

BY HBSDealer Staff

The Bureau of Labor Statistics reports this morning that the unemployment rate increased slightly to 8.3%, compared to 8.2% in June. 

Neither the number of unemployed persons – now 12.8 million – nor the unemployment rate has changed much in 2012. 

Total nonfarm payroll employment rose by 163,000 in July — more than the consensus forecast of about 100,000. The bureau said the construction and retail trade industries were among those major industries that showed little or no change compared to last month.

Employment in temporary help services trended up, with the addition of 14,000 jobs.

Last year in July, the unemployment rate stood at 9.1%.

 

 

 

 

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