Word: lumber
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Dates: during 1970-1979
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...called The Pug-Nosed Man who appears one day in a bar and speaks only in interrogative sentences, except for his first and last lines. There's a pimp called Baboon who operates out of a Chinese flophouse and acts like a henchman for a Malay lumber dealer who tries to bribe a librarian to say the book he wants to borrow is a good one. A Salvation Army preacher (name unknown) whose skin is so thick "it bends anything you stick into it" lets a man spit in his face as a condition to a donation, and later shoots...
...most dramatic success has been in the economy. In 1973 real growth surged ahead at 10%, compared with an annual average of less than 6% during the preceding decade. A large part of this growth has resulted from the fortuitous jump in world prices of commodities, such as sugar, lumber, copper and gold, exported by the Philippines. But Marcos' policies of encouraging foreign investment have also been a powerful spur to growth. He has lured American and Japanese businessmen to the islands by liberalizing monetary and credit policies and allowing foreign firms to repatriate all of their profits...
...managed to reduce the firm's payroll by 8% and retire 8,000 obsolete cars. But total labor costs have gone up 48%, and Burlington Northern has lacked the capital to buy enough new equipment to handle increased traffic. Last year the company's own Plum Creek Lumber Co., in Montana, had to ship some of its output by truck because there were not enough B.N. freight cars around...
...consumers and businessmen continued strong. Many industries could not keep pace with demand because plants making such basic materials as steel, cement and paper were strained to capacity. Shortages developed that pushed up prices even more. The problem was compounded by scarcities of such raw materials as wheat, lumber and cotton, for which the booming economies of Europe and Japan were also competing...
...Administration is nonetheless determined to phase out its present wage-price controls. The Cost of Living Council is gradually letting industries out of the control system, including producers of autos, lumber, zinc and fertilizer. It also has been granting price increases to hundreds of other companies making everything from beer to buttons. The White House apparently has no intention of seeking an extension of its power to control wages and prices, when the current authorizing legislation expires in April...