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OOPS- Maybe the Maine State Inc Owned Liquor Business Isn't As Profitable As Projected!

Tweet this post with short link:  http://goo.gl/aoedF6 Maine officials worry state effort won’t recapture revenue lost in alcohol sales to NH Bangor Daily News Under the previous contract, inked by the administration of former Gov. John Baldacci, the state was paid $125 million plus a small percentage of the annual profits between $7 million and $9 million per year over the contract’s 10-year span. The company doing the work, however, made about $36 million each year in profit. Now how unfair is that- the company DOING THE WORK is making a bigger share of the profits that the corporation of Maine?  Gotta change that ! And I am sure companies will be rushing to compete for the contract especially after the University of Maine business consortium (a kinder, gentler way of saying public- private oligarchy), arranged to have the PUC terms of agreement changed in the Wind Baron Wars *  in order to chase Norwegian company Statoil out of Maine so that Maine State Inc could cre

Update Letter To Maine Government Oversight Committee

Update on letter to Government Oversight Committee: To date none will address the issues I raised -  not even from my own Senator Chris Johnson. This does not surprise me when our state is run by a hegemony of power. Its been ions since the Maine state legislature granted onto themselves the authority to centrally manage the economy and have been decreeing for years that the transference of taxpayer money to private interests is for the public good. How could anyone think otherwise? The legislature is incapable of dealing with views outside of their own hegemony and they have stopped governing by the consent of the governed decades ago. I know there are many among the governed who do not agree that the redistribution of wealth currently implemented by our legislature serves the "public benefit"- but we are not among the "targeted sector" served by our legislature. I know there are many that do not like the direction that the University of Maine is g

A Letter to the Maine Government Oversight Committee Concerning The University Of Maine

Supoort this Blog Here Today I learned  that there is a limited OPEGA report in the works, focusing on economic development funds going to the University of M. It isn't clear from this description if the cost of operating The states Advanced Manufacturing System at the University of M is covered but I have a number of questions I would like to have answered . emily.cain@gmail.com<emily.cain@gmail.com>; SenMargaret.Craven@legislature.maine.gov; senchris.johnson@legislature.maine.gov; SenRoger.Katz@legislature.maine.gov; edmyoungblood@gmail.com; SenDavid.Burns@legislature.maine.gov; cbkruger@myfairpoint.net; sixwings@metrocast.net; petersonhouse08@gmail.com; RepDavis@midmaine.com; cotta@fairpoint.net; lanceharvell@hotmail.com; Dear Senator Cain and members of the Government Oversight Commitee, I am writing to you in your capacity as the Chair of the Government Oversight Committee regarding the Opega Report of the Maine Economic Improvement Fund. I

As Confucius Institute installed at USM, American & New England Studies Become a Candidate For The Cutting Board

Recently in the news , The University of Maine is considering cutting American and New England Studies, a course offered at the University of Southern, Maine. According to testimony of former student: Dr. Pease's Hamilton and Jefferson course at UMO and it was one of the most important American history courses I've ever taken. He had a passion for the topic The course was a course on the Federalists Papers . Today when I searched for the phrase " federalist papers " on the University of Maine curriculum, it came up blank and there appears (to my limited knowledge and research efforts)  to be only one course offered in American and New England Studies and that is currently under consideration for the cutting board. And yet the University of Maine was recently able to Install the Confucius Institute on Campus- why because money is provided by China and that is all it takes in Maine where our government is always looking for sources of outside capital

Following the Financing of Kestrel leads to the Belly of Maine State Socialism PART ONE

The Kestrel de-financing mystery.  Two articles, one from CEI Capital Management LLC, in April 2011 and another from Areo News on January 03 2012 , report that it $20.7 Million from the New Markets Tax Credit Program fell through.  The New Markets Tax Credit is a federal program designated low-income areas. It can be used for any kind of business.   CEI Capital Management, LLC (CCML) is a for-profit subsidiary of Coastal Enterprises, Inc. (CEI) that furthers CEI's mission to help create economically and environmentally healthy communities in which all people, especially those with low incomes, can reach their full potential by working to help attract capital to low-income areas using the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program. The New Market Tax Credits program targets low-income areas and applies to any kind of business, not only those in the Maine legislature's "targeted sector".  However, the state agencies that I have looked at