Word: forester
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...total for sub-prime mortgages--a figure that is growing at twice the rate of conventional mortgages--is expected to exceed $120 billion this year. Another blistering market: sub-prime cash for new and used cars. Ford Motor Co.'s Associates Corp.; Mercury Finance, based in Lake Forest, Illinois; Credit Acceptance Corp. of Southfield, Michigan; and other lenders this year will provide at least $70 billion to put people with dented credit behind the wheel...
...corporate giants like PrimeCo, AT&T and Sprint are racing to set up the networks of radio antennas that are required by the next generation of wireless communications services. Soon, enthusiasts promise, my neighbors and I will be able to stroll through a suburban mall--or a nearby forest preserve--while sending faxes, retrieving E-mail, even accessing the World Wide...
...Mormon population that migrated north from Utah in the 1860s, and the more remote northern areas, filled with Idaho's notorious militias and survivalists. At some level, resentment of government seems to unite the Idaho population, probably because the Feds own 65% of the state's land, including national forest and wilderness areas; and this year's hot-button issue is the huge Idaho National Engineering Laboratory and its store of "temporary" nuclear waste...
Today the timber industry no longer enjoys the absolute fealty it once did. Mainers have watched with alarm over the past two decades as some 2,000 sq. mi. of forest--roughly the area of Delaware--have been clear-cut. From the air, the rich coat of the North Woods looks like it has mange. In the past five years, softwoods such as spruce and fir have been chopped down at a pace almost double their rate of growth. "There is no question that clear-cutting was overused," concedes Roger Milliken, one of the most progressive of the large landowners...
Carter spooked the timber interests as never before. If passed, the ban would be the most severe restriction on timber harvests in the country. "It would devastate the forest-products industry," says Vic Berardelli, its spokesman in Augusta. The industry responded with a $1.8 million war chest to try to defeat the referendum--a huge effort in Maine...