Archive for September 23rd, 2008

by jhwygirl

This one sounds like FUN – BBQ, bonfire, Ten Spoon wines and Big Sky brews, music by The Pleasure Kings PLUS membership to Footloose Montana, all for 20 bucks?!

There’ll also be games and a fundraising auction.

Thursday night, 6- 9 p.m. at Ten Spoon Vineyard, at 4175 Rattlesnake Drive. Call Anja at 549-6663 or Jerry at 829-3618 if you have any questions. There’s also this link too.

Footloose Montana is a fine organization, founded to help educate people about the dangers trapping and traps present to their pets. It’s not only pets that get caught up in traps – non-targeted species – the words MTFWP uses – are also meet horrible deaths in traps. I first blogged about Footloose here, when a eagle was killed when it was caught in an illegal trap. It was the 3rd eagle killed out near Clinton in just 2 years.

In the short time this organization has been around – only about a year – it has taken time to educate the public with mini-workshops on how to unset these traps. It has lobbied the legislature for change, and it has met with some success with the FWP Commission, most recently, this past August when greater setbacks were required for traps.

Anyways – there’s a Thursday evening in Missoula for you! What could be more fun that great wine and a bonfire, all for a most excellent cause?!

by Pete Talbot

Goldman Sachs fared much better than Montana Power, the company it helped bankrupt.

For ninety years, the Montana Power Company (MPC) had been a reliable and profitable company. In 1997, it pushed energy deregulation through the Montana legislature, freeing the company to diversify. From 1999 through 2000, on advice from Goldman Sachs, it sold off its power generation and transmission capabilities and entered into the high-risk telecommunications business. In 2003, MPC (renamed Touch America) filed for bankruptcy, having lost around $2.5 billion.

Goldman Sachs, however, received $20 million from MPC for its expertise and counsel during this disastrous transition.

Now it’s 2008 and another bubble has burst. But Goldman Sachs looks like it will weather this one, too. It’s been transformed from an investment bank to a bank holding company to ease investor panic.

This change allows what was the biggest investment bank on Wall Street to help itself to more federal funds and to buy time to stabilize its funding base, according to Bloomberg.com.

Montana Power didn’t have the Fed to fall back on. MPC stockholders got screwed and Montana energy consumers are still feeling the pain.




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