Word: paulownia
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Richard Savage kneels in the rich brown earth of a field on the outskirts of Pyongyang and reverentially spreads out the broad, green leaf of a young paulownia tree. The saplings have been in the ground for only a month but already they are a meter high; the first harvest could take place in just five years. Eyes shaded by his black cowboy hat, the Singaporean native gazes down the rows of juvenile trees, each worth thousands of dollars at maturity, with a satisfied grin. The experimental lumber crop has survived the harsh North Korean winter and is flourishing...
...hardly an obvious place for long-term investments like tree farms. The decrepit Stalinist economy depends on international handouts to prevent widespread starvation. The Dear Leader?strongman Kim Jong Il?runs the country like a medieval fief. But Savage is confident that his $23 million, 20,000 hectare Paulownia plantation south of Pyongyang will pay off. His Singapore-based company, Maxgro Holdings, is investing $5 million in North Korea this year, and he even has plans to build a resort there, complete with a 70-room hotel, horseback riding, trout fishing and all-terrain vehicles. "This is a mega-growth...
...this week, setting up greenhouses and touching base with his North Korean partners. But he acknowledges his venture will require patience. The country "may be a bit backward," he concedes, "but so what? If you are prepared to help, it will take off like a bloody bullet." Or a paulownia tree...
...koto is Japan's most popular traditional instrument. Brought to Japan from China in the 9th century, it is fashioned out of blond paulownia wood. It has 13 strings stretched over sliding ivory bridges that must constantly be shifted while playing in order to retune and change keys...
...suite in Manhattan's Waldorf Towers last week, MacArthur received a Japanese diplomat, who gave the old soldier the highest decoration that Japan ever confers upon a foreigner who is not a head of state: the Grand Cordon of the Order of the Rising Sun with Paulownia Flowers. Said MacArthur: "I can recall no parallel in history where a great nation recently at war has so distinguished its former enemy commander...