Banks are also in layoff mode, slashing jobs that were once devoted to pumping up the home construction boom in the U.S. and elsewhere. Recently, many in the business and financial community have said that the bust of this boom was predictable, and many were indeed predicting it before it… Continue reading

Vancouver Sun (Vancouver, British Columbia, Canada) Wednesday, April 30, 2008 Shutdowns, layoffs hit largest West Coast forest company Western Forest Products closes most of its logging operations as demand drops http://www.canada.com/vancouversun/news/business/story.html?id=1d0dc9b6-3c22-41d5-9e48-911c8fb29257 Gordon Hamilton The West Coast’s largest forest company, Western Forest Products, announced Tuesday it is shutting down most of… Continue reading

A binge of lending fed a housing boom that has, unsurprisingly, gone bust.  A binge of logging also fed that same boom. Now the bust has affected the lending industry. It should be little surprise that the logging industry is also taking hits from its own excesses. Many in the… Continue reading