Wisconsin Republicans Reintroduce Mining Changes
By TODD RICHMOND
MADISON, Wis. (AP) Republican legislators in Wisconsin reintroduced their plan Wednesday to streamline regulations they say drove a mining company to leave the state, reigniting one of the fiercest environmental debates the state has seen in decades.
The GOP has been working for more than a year to change the regulations in hopes of enticing Gogebic Taconite to open a huge open pit iron mine in far northwestern Wisconsin just south of Lake Superior. The region is starving for jobs and Republicans have made the mine the centerpiece of their economic agenda. But conservationists have rallied against the project, insisting it would devastate one of Wisconsin's last pristine areas.
Democrats contend any jobs the mine might create are years off, if they happen at all. Gogebic Taconite pulled out of the state last spring after a Republican bill died by a single vote in the Senate in March. The company is currently exploring in Michigan's Upper Peninsula.
Still, Democrats and Republicans think they can entice the company back to Wisconsin. A bipartisan committee worked this summer to come up with more palatable legislation and Republican Gov. Scott Walker called on the Legislature to pass a bill quickly during his State of the State address Tuesday evening, inviting union employees who might work at the mine to join him on the Assembly dais during the speech. A beaming crowd of Assembly Republicans jammed a Wednesday morning news conference to introduce the bill, taping a sign that read "Mining for Jobs" on their podium. They sounded the same themes they've trumpeted for months, playing up mining's history in northern Wisconsin, pledging the bill wouldn't harm the environment and promising the legislation would set the stage for thousands of new mining-related jobs in the construction, service and manufacturing sectors. "This affects our entire state," said Rep. Mark Honadel, R-South Milwaukee, one of the bill's authors. "The jobs and the job cycles that will be created ... will just be amazing."Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV