Word: lumbered
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Dates: during 1970-1979
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...withdrawal, moreover, is making for huge windfalls. U.S. officials are investigating reports that when four Special Forces camps were phased out last year, U.S. officers and men at one camp sold $5,000,000 worth of Jeeps, lumber, weapons, ammunition and wire...
Other profiteering can be traced to U.S. bureaucratic indifference. Scrap lumber in Danang was formerly donated for use by homeless refugees. Today it is sold by contract to a wealthy Vietnamese trash collector, who then sells it to refugees at inflated prices. In one refugee village, where the average daily wage is less than 200 piasters (73?), a 4-ft. by 8-ft. sheet of scrap plywood costs 800 to 1,000 piasters; a cardboard carton brings 200 piasters. Under the system that has evolved, the refugees pay rich Vietnamese for the privilege of living under cast-off American crates...
...shortage worsens, its industrialists will gradually shift their stress from exports to American-style overseas investment. U.S. companies could speed the process by proposing joint ventures with Japanese firms in third-country markets. Scott envisions, for example, a combination of U.S. and Japanese timber companies to develop the huge lumber resources of the Upper Amazon...
...salesmen swarm over the globe?inspecting, surveying, planning, advising, bargaining, buying and selling. One group is now in Hanoi, working on an agreement to help the North Vietnamese set up a shipping firm, textile plant and garment factory. In Zambia, geologists are surveying copper fields. On Vancouver Island, lumber men are demonstrating a new technique for cutting timber that used to be considered waste. Other groups are supervising production of Honda motorbikes in Brussels, studying sites for a hotel in Alaska and building a steel mill in South Africa, where the Japanese are considered honorary-whites. In any market that...
...Japan bought more than it sold in U.S. trade. Since then, the popularity of Sony TVs, Nikon cameras, Panasonic radios, Toyota and Datsun cars, and Honda and Yamaha motorbikes has turned the picture upside down. Materials-short Japan is a big and growing consumer of American coal, lumber and even soybeans, but in each of the past three years its sales to the U.S. have exceeded its purchases by more than $1 billion. The American shoe, textile, electronics and other industries have not only lost sales and profits to the Japanese but jobs as well. A member of the Nixon...