---------- Forwarded message ----------
Date: Thu, 9 Apr 1998 15:17:04 -0300
From: "leo j. deveau" <[EMAIL PROTECTED]>
Reply-To: Electronic Democracy in Nova Scotia <[EMAIL PROTECTED]>
Subject: Re: Michelin loans are forgiven !

Hi. So let's see if I got this right:

The Liberal government has just forgiven yet another loan payment owed by
Michelin of $12.5million dollars ? (Just announced today).

This is on top of a $25. million dollar loan which was forgiven last year
to Michelin. On top of that the Government is also providing $5.5million to
Michelin to support their training efforts. The government claims it will
mean 70 more jobs - sounds like pretty expensive jobs to me ! Just who is
paying who here ?

Can someone explain to me how a highly profitable transnational corporation
cuts such deals (notice how the announcement is held off till after the
election), while many small businesses are either being foreclosed upon or
can't find sufficient venture capital to support their ventures ? And I'm
talking about promising ventures, not Dynatek debacles or other such
ill-conceived ventures.


"All that is gold does not glitter,
Not all those who wander are lost."
J.R.R. Tolkien

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