February 10, 2012

Sanford writes about Ayn Rand in Newsweek

Governor Mark Sanford’s name is mentioned in the new edition of Newsweek, but it’s not what you might think. 

The Governor wrote a three-page article on the late Russian novelist Ayn Rand, including a review of Anne Heller’s book, “Ayn Rand and the World She Made.” Rand, a philosopher who has long been a favorite of fiscal conservatives, emphasized the power and importance of the individual, especially an individual unhindered by government or society.

Sanford says he believes that many people recognize Rand’s truth, that government does not know best. Sanford writes that those in power in Washington or in Columbia, South Carolina, often lead themselves to believe that the prosperity of citizens depends on their wisdom but Sanford asserts that it doesn’t and writes that the prosperity and opportunity that citizens enjoy comes ultimately from the creative energies of those in business and inventors. But Sanford doesn’t hesitate to express criticism of Rand’s extreme views, saying that there is a role for a limited government to protect human rights.

Read Sanford’s article here.

Santee Cooper approves bond issue

The Santee Cooper Board of Directors approved Friday the sale of $424,570,000 in refunding and new money bonds. The bond issue, passed in a special board meeting, includes $39,725,000 tax-exempt refunding Series D bonds, $284,845,000 2009 tax-exempt Series E bonds, and $100,000,000 2009 taxable Series F bonds. The issue gained AA from Fitch Ratings, an AA- from Standard & Poor’s, and an Aa2 from Moody’s Investment Service.

A Santee Cooper media release states that these agencies affirmed strong long-term ratings for the utility as well, including a statement from Moody’s: “The long-term rating takes into consideration Santee Cooper’s strong management, competitive cost structure, and well-established record of stable finances including sound debt service coverage margins and internal liquidity.” [Read more...]

Future of SC forestry industry examined this week

The South Carolina Forestry Commission says they have scheduled a first-of-its-kind conference to tackle future use of forests in South Carolina. This Wednesday more than four dozen leaders from government, academia, and the timber and forest products industries are scheduled to meet in Columbia

The meeting is slated to address the future of forestry–the state’s #1 manufacturing industry–and how it will serve the state economy with an estimated $20 billion impact by the year 2015.

Also on the agenda: the state’s place in global energy and the biomass industry.

The Forestry Commission and the South Carolina Forestry Association say they have gathered key stakeholders in this industry for first time in history. The commission’s list includes Pete Stewart of the firm Forest2Market, Mac Lupold of Lupold Consulting, Bob Scott of the South Carolina Forestry Association, Gene Kodama, State Forester and agency head of the SC Forestry Commission and Dr. Doug Woodward, Director of the Division of Research at USC’s Moore School of Business.

They meet starting Wednesday morning at Harbison State Forest outside of Columbia. Officials leading the meeting say they are looking at the four E’s: economy, energy, employment and the environment and that they “have their work cut out for them.”

Project Seahawk funding renewed

Charleston officials and those at the Ports Authority have a lot to be happy about. For one, Maersk Line, which accounts for a major chunk of the ports business and last year announced that it was leaving the Port of Charleston, has done an about face and agreed to a new deal with the port. But there’s more positive news, announced today.

Project Seahawk has received a tremendous boost. State Law Enforcement Division director Reggie Lloyd has secured an $800,000 federal grant to pay the salaries of state agents involved in Project Seahawk. Senator Lindsey Graham was in town for the announcement. The funding received allows the project, which began in 2003, to continue. Project Seahawk brings together representatives of state, federal and local law enforcement, who meet daily in a command center, to share and compare information on activity in Charleston Harbor.

Bauer plans to run as governor stays

Lt. Gov. Bauer held a press conference on Aug. 26 to ask Gov. Sanford to step down

South Carolina Lt. Governor Andre Bauer says he plans to announce his own bid to run for governor in the very near future. Bauer has not yet officially announced his gubernatorial bid for the 2010 governor’s race because he was waiting to see if Governor Mark Sanford was going to take Bauer up on his offer and resign.

“The next week or two, I’m going to go ahead and run, and that deal is off the table. I made that while I hadn’t announced, but once I announce in good faith and ask people to get behind me, I can’t then go back and say: Oh well now I’m going to go ahead and get out of the race because the governor has decided to step down because he was impeached,” says Bauer.

Bauer said he originally set up the deal in hopes the governor would resign, so as he said then, the state could move on.