Word: lumber
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Dates: during 1960-1969
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Quite a Lot of Gas. At one time, the public did not need to be wooed. The materials that went into a house were dictated mostly by what was most readily available, whether it was lumber, brick or stone; without question, the plumbing was galvanized pipe, the floors wood, the foundation concrete. But the technological advances of recent years have produced such an array of new building materials that both home buyer and home builder are often confused in making a choice. "There is more competition in the building industry than ever before," says Earl W. Hadland, merchandising manager...
Crown Concessions. Freeport is the stubborn dream of U.S. Financier and Developer Wallace Groves. In the late 1940s, Groves bought a small lumber company on Grand Bahama, then little more than a desert island. In 1955, in exchange for tax concessions and a 99-year lease on 50,000 acres of Crown land, he agreed to dredge a harbor, build a port city - Freeport - provide school, health and utility needs, and bring in industry. But industry was not interested. All Groves had forgotten, says an associate, was "to make the place livable." So he got 100,000 more Crown acres...
...million worth of such plastics as polyethylene, polystyrene and vinyl. Another $120 million will go to papermakers for cartons, paper dolls and business forms. Steelmen will get $60 million worth of business, textile spinners $50 million, and the remaining $40 million will be disbursed among producers of everything from lumber and zinc to musical movements and tiny electrical motors. In 1964 the makers of construction materials and machine tools will also reap big benefits from the toymakers. Planning big increases in their capital outlays, like most of U.S. business, the toymen in 1964 will spend $250 million to expand...
...Dividend" is the brain child of Eugenio Mendoza, 56, Venezuela's leading industrialist and philanthropist, who made a fortune in lumber, paper products, cement and construction (TIME, April 12). When Mendoza first suggested his Dividend idea several years ago, only a few businessmen warmed to it. But enthusiasm grew as far-leftist terrorists stepped up their attacks on business. "You either solve the problems of the masses," Mendoza warned, "or they solve them...
Lugging peasants and lumber hardly fits the usual picture of a Latin American military outfit. But with a lot of land to be settled-more than half of Colombia's territory is virtually uninhabited-and no foreign wars to fight, the Colombian government decided to put the air force to work by setting up Satena (for "Service to the National Territories"). The Colombian air force contributed the planes and the pilots, but Satena's other expenses had to be met from revenues. Charging one-fourth the fares of commercial lines, it still manages to stay in the black...