Word: timber
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...shrewd a businesswoman as she is a politician, Lady Bird has parlayed an inheritance of $67,000 and 2,900 acres of Alabama cotton and timber land into a radio-TV station in Austin, Texas, four cattle ranches and a bulging stock portfolio. Her estimated net worth is about $5,000,000, but she is thrifty enough to buy "seconds" in household linens. "She asks the price of everything," says a friend. "When the house needs repair work, she gets three estimates." Yet her most notable quality is her capacity for enjoyment. "I wouldn't trade this life...
...early Spanish "conquerors and settlers," he mistakenly contends, was no different than that of the early English, Dutch, and French in North America. The conqueror who came to North America was, in fact, quickly disappointed. The Indian he found was poor, prone to disease, and generally unexploitable. Timber and fish hardly promised to make him a conquistador. He had no choice but to settle and make the best of what he had. South America, on the other hand, gave much to the conqueror. Taking gold and silver from the hills and sugar from the plains, he could intoxicate himself...
Some Western manufacturers hope that the U.S.-Soviet nuclear test ban agreement will stimulate more orders from Moscow. Russia is the East's biggest trader, last year exported $1.9 billion to the West, mostly in furs, oil, iron ore and timber; it imported $1.7 billion worth of Western goods, chiefly machinery. To conserve its supply of hard monies, Russia tries to barter whenever possible, and its biggest success so far was sending 82 million bbl. of oil to Italy's state-run E.N.I, in return for large shipments of machinery and a chemical plant that the Italians...
Rise of the Critics. Meanwhile the country's timber-based economy stagnated. This year France cut off its $1,100,000 annual dole, and Youlou raised taxes. Basic food prices doubled, and as bush people kept streaming into crowded Brazzaville, 19 out of every 20 Africans in the city were without work. Then Youlou made his worst mistake-he asked Guinea's demagogic, leftish President Sékou Touré for a visit. Instead of uttering niceties, the guest electrified the locals with denunciations of African leaders who turn wealthy bourgeois...
Yaleman Cox, 53, has made a lot of money in business (timber, mining), and lost a lot in sports, investing in such dismal properties as New York's inept football Yankees of the early 1940s, Brooklyn's short-lived football Dodgers, and the Philadelphia Phillies baseball team, which finished seventh the year he owned it. A few years ago he foolhardily set out to bring big-time soccer to the soccer-resistant U.S., founded the International Soccer League. It has lost money, predictably, but this year's overall attendance, 288,743, was roughly double the 1960 total...