Word: timber
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...debt to J.R. Simplot, who left home at age 14 and went on to dominate the American potato business. He supplied U.S. troops with dried food during World War II and sold French fries to fast-food chains, but the Idaho native also invested in cattle, fertilizer plants and timber--not to mention computer-chip pioneer Micron Technology. The oldest billionaire in the world last year, according to Forbes, Simplot remained ambitious--and proud--driving around Boise in a white Lincoln Town Car with mr. spud vanity plates...
...offsets, or pollution credits purchased from carbon-reduction projects outside the cap-and-trade system. In other words, a coal-fired utility in Ohio wouldn't have to reduce its carbon emissions if it bought enough offsets from, say, a forest preserve that promised not to clear-cut its timber. A certain number of offsets make sense - as long as they are real and verified (which is hard to ensure). But many policy analysts fear that unlimited offsets in the fragile early years of the system would invite wholesale gaming (destroying the market's credibility) and keep the price...
...large measure, the war was driven by complex criminal conspiracies. A map of the main zones of conflict between the various armies and militias coincides with a map of the concentration of the D.R.C.'s natural resources. Militias pillaged anything they could find, be it timber, gorillas, copper, diamonds or a little known metallic ore called coltan. When refined as a heat-resistant powder, coltan has a unique ability to store electrical charges, and has become an essential component in laptops, mobile phones and video-game players...
...Associated Press reported that Harvard maintains forestry holdings worth upwards of $5 billion, but Longbrake said that the figure “does not accurately reflect [HMC’s] timber portfolio...
...think that timber is quite attractive to what other asset classes have to offer,” said Meyer, who left the next year to form a Boston-based hedge fund. “[Timber] is also a good diversifier since its returns will not correlate closely with returns from equity markets...