National Fisherman

Texas is likely to receive a windfall payment of as much as $4 billion in 2014, and analysts say the challenge will be to properly invest that money in ways that will provide long term success without burdening taxpayers, 1200 WOAI news reports.
 
A federal judge in Louisiana is likely to decide in the next four months how much BP must pay in actual damages from the 2010 Deepwater Horizon Gulf of Mexico oil spill. 
 
Unlike most civil penalties, which go to the federal government, Congress in the RESTORE Act has decided that the money from the BP settled will be distributed to the five states which border the Gulf of Mexico.
 
But Daniel Rothschild, a senior fellow at the free market R Street Institute, says huge sums of money in the hands of greedy and irresponsible politicians can come back to burden taxpayers, and Texas needs to make sure that doesn't happen.
 
First, he says officials have to avoid the urge to create new bureaucracies which will have to be funded by taxpayers after the oil spill money is gone.
 
"Using this to do what some have suggested to create 'green jobs' corps and civilian conservation corps, that is going to have long term serious ramifications for the state," he said.  "It means more people on the government payroll, and in the future taxes are going to go up to continue to pay for it."
 
Read the full story at WOAI>>

National Fisherman Live

National Fisherman Live: 3/10/15

In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.

National Fisherman Live: 2/24/15

In this episode:

March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received

Inside the Industry

Alaska Gov. Bill Walker is required by state statute to appoint someone to the Board of Fisheries by today, Tuesday, May 19. However, his efforts to fill the seat have gone unfulfilled since he took office in January. The seven-member board serves as an in-state fishery management council for fisheries in state waters.

The resignation of Walker’s director of Boards and Commissions, Karen Gillis, fanned the flames of controversy late last week.

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Keith Decker, president and COO of High Liner Foods, will take over for the outgoing CEO, Harry Demone, who will assume the role as chairman of the board of directors. The Lunenburg, Nova Scotia-based seafood supplier boasts sales in excess of $310 million (American) for the first quarter of the year.

Read more...
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