Word: lumber
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Dates: during 1990-1999
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...main player is Maxxam, a Houston conglomerate that issued junk bonds in order to purchase the lumber firm that formerly owned the forest. Among the bond buyers: the infamous Columbia Savings & Loan of Beverly Hills, which was seized by the government in January. The seizure has left Uncle Sam holding Columbia's share of the Maxxam bonds. Maxxam, left short of cash by the takeover, has increased the cutting and selling of the redwood timber, thus infuriating local conservationists...
...California in renovating more than a thousand homes that are near collapse. Better to rebuild old dwellings, they figure, than to build new homeless shelters. In one day of hard work the 1,000 Hartsville volunteers used 400 gal. of paint, 800 lbs. of nails, 7,000 ft. of lumber, 5,000 squares of shingles and 200 bags of cement, all paid for by local donations with an enviable provision: if they fell short, Sonoco Products Co., a plastics-packaging giant acting as sponsor, would write a check for the difference...
Neither is the command economy, the polaropposite (if there is such a thing) of the marketeconomy. Here production is God and the consumeris meaningless. Success is measured in raw output:pairs of shoes, tons of lumber, stacks of bricks...
...demonstrate the foolishness of the system,Smith recounts the monumental inefficiency of theSoviet trucking industry. Since transportation ismeasured in kilogram-miles, Soviet truckers preferto lug heavy cargoes of lumber halfway across thecountry, rather than trying to minimizetransportation costs...
Advanced materials are just now starting to show up in commercial products. Examples: ceramic scissors that never rust or get dull, plastic lumber that is water-resistant and does not swell or warp like wood, and "metal" windows that keep excessive light and heat out of a house in summer and trap them inside during winter. In the U.S. the aerospace industry, including the military, is the biggest consumer of engineered materials, accounting for more than two-thirds of all use. The substances, used in door panels and floors, account for about 14% of a typical airplane's weight...