Word: timber
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...From the timber harvests of North America and Scandinavia, the giants of the industry--led by International Paper of Stamford, Conn. (2002 total sales: $25 billion); Georgia-Pacific of Atlanta ($23.3 billion); Weyerhaeuser of Tacoma, Wash. ($18.5 billion); Svenska Cellulosa Aktiebolaget SCA of Stockholm ($10 billion); and Smurfit-Stone Container of Chicago ($8.2 billion)--churn out millions of tons of linerboard and corrugated. A box can be small enough to hold a wedding ring or large enough for jet skis (4 ft. by 4 ft. by 4 ft. is the maximum, however). The U.S. leads the world in box manufacturing...
Although HMC President Jack E. Meyer said he could not comment on the reported deal, he said that timber investments are not unusual for Harvard...
...think [timber investments] have an attractive rate of real return and are good diversifiers. The returns won’t be precisely like those of any other asset class,” Meyer said...
...within, can't fully account for him. His figures may be elongated in the Mannerist style, but the swanning courtiers in Pontormo or Parmigianino, most of them as slender as greyhounds, are nothing like El Greco's rough-cut saints, famished men with skin the color of split timber and stiff robes draped around them like crumpled fenders. And while the Mannerist palette, all that coy bump and grind of pink and yellow, is calculated sometimes to startle, the explosive oddity of El Greco is something else altogether. In his magnificent late canvas The Adoration of the Shepherds, the yellows...
These questions are currently smoldering in the U.S. Senate, the U.S. House having stampeded through a bill last May that seemed aimed more at currying favor with the timber industry than at establishing a broadly acceptable framework for action. Fearful that thinning might become Orwellspeak for logging, environmental groups have taken the position that cutting down small trees is appropriate only as a protective measure in the forested strips that abut human settlements. Uncomfortably wedged in the middle are Covington and his allies, who see thinning, undertaken responsibly, as perhaps our last chance to restore ecological health to an increasingly...