99.3 THE RIVER NEWS – OCT. 3/17

993 The River News (800x351)
October 3, 2017 | by: johnoshea

(NEWS STORIES PROVIDED BY MBS NEWS ROOM)

 

ATCON AUDITOR GENERAL REPORT

New Brunswick’s auditor general says a 50-million-dollar government loan
given to Atcon had no hope of saving the struggling company because it was
used primarily to refinance debt.

Kim MacPherson has released her second report into the bankruptcy of the
Miramichi-based company in 2010. The company failed just nine months after
receiving 50-million from the province.

MacPherson says her audit found Atcon’s financial health was poor and she
could find no rationale for the terms of loan which allowed the company’s
bank to receive 80 per cent of what it was owed.

The audit also found extravagant expenses put through ATCON company accounts
at the same time it was seeking a provincial bailout¬† –¬† including a vacation
property in Aruba, jewelry, luxury car leases and the leasing of a corporate
jet.

 

Vegas Tragedy

A night of music that turned to chaos and horror, has left the US reeling.

59 people were killed and 527 wounded when a shooter rained gunfire down on
them with automatic weapons from the 32nd floor of the Mandalay Bay casino
hotel. The gunman was a 64-year-old retiree with no criminal history. He
apparently took his own life just before police broke through the door.

A search of his home in a retirement community turned up 19 guns, ammmunition
and explosives. Still nothing on a motive.

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Vegas Canadians

Two Canadians were among those killed in Vegas.

Jessica Klymchuk of Vallkeyview Alberta, leaves behind four children. Jordan
McIldoon of Maple Ridge, B-C would have been 24 friday.
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ARBEC

Arbec Forest Products will celebrate it’s five year anniversary in Miramichi
this week. In the Fall of 2012 Arbec reopened the former Weyhauser mill that
had been sitting dormant since 2007 – putting hundreds of people back to
work. On Wednesday Arbec will celebrate it’s fifth year in business at the
mill. An event to mark the occsiaion with local dinataries in tow will be
held on Wednesday afternoon in the lower wharehouse from 2-to-3pm.

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GALLANT GOVERNMENT OPENNESS

A group of media watchdogs has given the Gallant government a “B” grade for
openness, based on a national audit of access to information systems.

News Media Canada filed identical information requests to various municipal,
provincial and federal governments and assigned grades for degree of
disclosure. The federal access-to-information system is worse under Prime
Minister Justin Trudeau than during the latter years of the former Harper
government.

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SPORTS

JMH Varsity Soccer Girls defeated Dalhousie (AQV) Monday night 3-0, with 2 goals by Julianne MacCallum, and by Kelly McLean.
The next game for the girls will be when they travel to Tracadie (PLM) Wednesday night.

Kansas City is the only undefeated team left in the NFL after beating
Washington 29-20 in the Monday Night Football game.

The Celtics downed Charlotte 94-82 in NBA pre-season play.

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