Word: lumbers
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Dates: during 1970-1979
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...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...
...food budgets: "We've got a surplus of [old-crop] grain on the farm, but a shortage in the market. This drives up grain prices, which has a direct bearing on livestock feed-lot operators and eventually on consumers." Other commodities are being similarly afflicted; for instance, skyrocketing lumber prices have been blamed partly on a heavy demand for railroad flatcars to haul wood from mill to housing sites...