Elsewhere, the White Paper supports development to increase capacity at Belfast International Airport.

BBC: NEWS | UK | Northern Ireland | Late night Belfast flights plan

This punishment explains why, for the first time ever, the American paper industry recorded a decline in overall capacity last year: big firms shut down plants after completing takeovers.

ECONOMIST: Paper

Longer term, Mostrous sees the reduction in capacity as a positive for remaining paper players.

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With gold production working at full capacity, combined with the massive outstanding paper gold position, increased demand for physical gold can only be satisfied at much higher prices, which we are likely to see in the next few months.

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If Mr Nacchio has indeed lost his faith that you can never have too much capacity, that would also explain the urgency of his desire to parlay Qwest's high-flying paper into solid revenues.

ECONOMIST: Qwandary