Word: lumbering
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...experience of George Steinbrenner, owner of an Ohio shipbuilding firm and part owner of the New York Yankees, was the eye opener. Steinbrenner had been a stalwart Democratic fund raiser during the 1968 campaign. Soon he was being investigated by IRS, and the Justice Department. "They are holding the lumber over my head," Steinbrenner told O'Neill when Tip asked him for contributions for McGovern...
...Horse Shoe Bend, Idaho (pop. 700), Theodore Hoff Jr. closed his Hoff Lumber Co. mill last month because sales had fallen through the floor boards. In all, 325 workers were laid off, devastating the town's economy. Those workers-plus 80 more Hoff employees at a mill in Rexburg, Idaho-got together and figured out a plan to return to work. They decided to take a 10% pay cut, put off a scheduled 9% cost of living increase, and eliminate overtime pay. Result: by last week both the Horse Shoe Bend and Rexburg mills were working two shifts...
THERE'S A RUMBLE "We say no, We say no. We say no to the racists..." shivers across the Fenway in the gray drizzle quivers a pale, unshaven man. He's baby-blue double-knit dressed chic and he's bitching at a hulking, red lumber jacketed Militant vendor who's tucked his Militant under his arm in a white, plastic garbage bag Disposable...
Died. Edward Allen Pierce, 100, last surviving founder of the nation's largest stockbrokerage house, Merrill Lynch, Pierce, Fenner & Smith; in Manhattan. In 1901 Pierce left his job as manager of a lumber business for a $20-a-week clerkship with the prestigious brokerage house of A.A. Housman on Wall Street. Twenty-six years later, the company's name became E.A. Pierce & Co. In 1940 E.A. Pierce & Co. merged with the investment banking firm Merrill Lynch; a year later Fenner joined, followed by Smith in 1958. Pierce continued actively to govern his empire until well into...
...wilder ingly diverse, but there are some common themes. Generally, prices are lowest in the South and Southwest, where most houses are built without basements, although prices have been rising rapidly in fast-growing Houston. Lack of population growth in St. Louis and Philadelphia and easy access to lumber supplies in the Northwest have held prices down there. On the other hand, high land values-a reflection of population density, strict zoning, building regulations and environmental measures-have inflated building costs on the East Coast and in Southern California. Generous union wage scales help to escalate the price...