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...last week's congressional battle the issue was the fate of a pulp mill owned by the Ketchikan Pulp Co., a division of Louisiana-Pacific Corp. that employs 600. It's a high-cost operation that relied on below-market-cost timber from the Tongass to make dissolving pulp, a cellulose product that shows up in everything from rayon to ice cream. Tongass timber was cheap because in 1954 the Federal Government gave KPC a 50-year contract guaranteeing the mill rights to vast amounts of Alaskan timber at fire-sale prices. In 1990 Congress tried to redress this giveaway...

Author: /time Magazine | Title: FIGHTING FOR THE FORESTS | 10/14/1996 | See Source »

Like Sutter's Mill, which in 1848 bestrode a gold-laden California stream, Fidelity has for years flushed a rising river of investment through its machine, enriching both customers and company. One out of every 50 households in America owns shares in Magellan, which has grown to a staggering $50.97 billion. Fidelity invests more money for the employee savings-and-retirement plans known as 401(k)s than any other institution: $111.4 billion...

Author: /time Magazine | Title: NED JOHNSON AND FIDELITY: THE MONEY MACHINE | 9/30/1996 | See Source »

...town used to contain a grist mill, used to process grain, a blacksmith's shop, a dairy with 15 cows and a hostel, all of which have since closed. No businesses remain...

Author: NO WRITER ATTRIBUTED | Title: Harvards of The World | 9/13/1996 | See Source »

...town used to contain a grist mill, used to process grain, a blacksmith's shop, a dairy with 15 cows and a hostel, all of which have since closed. No businesses remain...

Author: NO WRITER ATTRIBUTED | Title: Harvards of The World | 9/9/1996 | See Source »

...Waleses were not the only offensive royals. The egregious Fergie, Duchess of York, was a scandal mill all on her own, with miserable sexual and financial escapades. The result has been a growing cynicism about the family. Commentator Julie Burchill expressed a common feeling when she said recently, "I hope for the best for Wills, but I would be very surprised if he turns out to be normal, because that's the maddest family since the Munsters. Every day there's something new. We wouldn't be shocked if he turned out to be a cross-dresser who wanted...

Author: /time Magazine | Title: HERE COMES WILLS | 7/22/1996 | See Source »

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