Word: timber
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Dates: during 1960-1969
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Limiting Exports. Builders blame the price problem not only on heavy domestic demand, but on rising exports to Japan, whose timber purchases in the U.S. have increased twentyfold since 1960. Last year the Japanese bought enough lumber to erect 40% of the U.S. output of one-family homes. In response to complaints that numerous small lumber mills as well as price stability have been imperiled, Congress last fall sharply limited exports of lumber harvested from federal forests. But prices have continued to rise, partly because of severe winter weather in the Pacific Northwest and the recent East Coast longshoremen...
...urging of George Romney, the Secretary of Housing and Urban Development, Nixon three weeks ago appointed a task force to recommend remedies. Last week's action is aimed at increasing timber output from federal lands by about 10%, but the Administration clearly regards that as only a stopgap. Testifying at a Senate hearing, Romney last week warned that spiraling lumber prices jeopardize the goal of raising residential construction to 2,600,000 units a year under the Housing Act of 1968. The former auto executive and Michigan Governor criticized Democrat Robert Weaver, his predecessor at HUD, for failing...
Lack of Access. The U.S. faces no shortage of timber. National forests alone occupy an area twice the size of California. Because of federal limitations on logging operations and poor forest management techniques, the Government's holdings yield only a quarter as much timber per acre as private timberland. The Agriculture Department has long complained that Congress allows it too little money to manage better, even though the sale of timber to private lumber producers nets the Treasury substantial revenue. A lack of access roads causes as much sawtimber to be lost to storms and insect infestation...
...Egyptians were too late. The Israelis are securely dug in along the canal, in what they call the "Barlev Line," named for Chief of Staff Haim Barlev. It consists of multistory bunkers equipped with electric lights and even television and roofed with a "secret" material (possibly a combination of timber, sand and steel rails ripped up from the trans-Sinai railway line), which the Israelis claim can withstand a direct hit from a 130-mm. shell-one reason why their casualties were so light. If the shelling continues, the Israelis warned last week, they have no intention of sitting tight...
...protectionists. The U.S., however, has pressured Europe's Common Market and Japan to impose "voluntary" quotas on steel exports, and Nixon has made clear that he favors similar quotas for textiles. Another threat to free trade comes from home builders and lumbermen, who want the U.S. to curb timber exports to Japan. Partly because of high Japanese demand for U.S. lumber, domestic prices have risen by nearly 100% in the past year, increasing the average cost of a new house...