Word: lumbering
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...stress a third reason for shortages: price controls. Critics charge that by preventing companies from raising prices of finished products as high as the market will bear, the controls have also made it impossible for American industrialists to pay the high prices that such materials as copper, cotton, wool, lumber and chemicals now command on world markets. Inevitably, the goods are being carried off by foreign buyers, especially the Japanese. ("The Japanese have bought up every pound of wool in the world!" a New York buyer hyperbolically exclaims.) Says Alan Greenspan, a member of TIME's Board of Economists...
...students in Moonchildren don't feel emancipated, they feel irrelevant, and in the last act, Weller shows why: After graduation they probably won't even see each other again. Mike, whose tutor says he is a genius in physics, will inherit his father's lumber business. As his girlfriend points out, even if he were to become a professor of physics, in 20 years he would only discover that he was being funded by the CIA. Mike's girlfriend is all set to marry him and be a housewife. "You've changed, you really have changed," Kathy tells her bitterly...
Corporate profits are strong. Alan Greenspan, a member of TIME'S Board of Economists, calculates that second-quarter profits are running 34% ahead of last year-up from the first quarter's 28%. Particularly vigorous second-quarter profits were reported last week by companies in the textile, lumber, oil and chemical industries. The complicated cost-pass-through provisions of Phase IV are expected to crimp profits somewhat, and Greenspan expects the annual rate of increase to decline by year's end to 20%-which would still be robust...
...black people were pushed out of town. They gathered up their few belongings and came down the road to E. L. Borders's saw mill, at that time the only "equal opportunity employer" in the area. "Old Man" Borders, a wild-haired back-country white given to poaching lumber and drinking, ran the saw mill haphazardly for a few years, then folded during the Depression...
...year, the gap has averaged $45 million a month, less than one-third of the 1972 average of $159 million for this same period. In April, Japan's sales to the U.S. were about the same as a year earlier, but its American imports soared 43%. Though grains, lumber, coal and other raw materials continue to make up the bulk of U.S. sales to Japan, more American consumer goods are turning up in Japanese stores. They include Wilson golf clubs, Levi's jeans and Maidenform bras...