Word: timbered
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Dates: during 2000-2009
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...Partners, once managed $22 billion worth of North American and European public and private real estate investments for LaSalle Investment Management, where he served as a Co-Chief Executive Officer and Co-Chief Investment Officer. Real assets as a whole—which include liquid commodities, real estate, and timber and agricultural land—represented 26 percent of the endowment in 2008, according to a Harvard financial statement. Last year, the real estate portfolio provided returns of 3.2 percent—beating the HMC board-approved benchmark of 2.4 percent. Cummings, a Chicago and Dartmouth graduate, said...
...decade-long business career, Ireland's Declan Ganley, 40, has launched a telecoms firm, a timber trading company, a cable television operator, an online jewelry retailer and a finance house. But it is his latest venture that could end up having the biggest impact. In 2006 Ganley founded Libertas, a think tank that concentrated its scorn on the European Union. At the end of 2008 it became an E.U.-wide political party with the express aim of overhauling the institution it so often criticizes. "We are saddled with a tyranny of mediocrity," Ganley says. "It boggles the mind. Almost...
...just one sign that long before there was an immigration crisis in St. Helens, there was a globalization crisis. "This is a timber town that never came out of the recession in the 1980s," says Marcy Westerling, a longtime resident and pro-immigrant activist. Blessed by an abundance of Douglas fir and hemlock, the town once hummed with pulp plants, stud mills and palletmakers. A few decades ago, though, the mighty Columbia began delivering logs from Canada, then ready-made office paper from Asia. The financial swoon of 2008 was just a final insult to what remained of the town...
Local contractor Wayne Mayo, 54, has watched this long slump up close. Like many other people in St. Helens, he used to work in the timber industry, as a lumber broker. But his more recent turn, as a general contractor, brought him face-to-face with an economic force he felt he could influence: illegal immigration. Although St. Helens has a relatively small Hispanic community - some legal, some illegal - the town is just 30 miles (about 50 km) from major population centers like Portland and Beaverton, close enough that out-of-town contractors with crews of underpaid, underdocumented construction workers...
...bomb coincided with a decision by the Karzai government, concerned about the environmental impact of clear-cutting, to ban timber exports outright. The valley's population lost its only source of income. Smuggling rings took over, bringing corruption in their wake. As it has elsewhere in Afghanistan, the national Taliban movement co-opted local grievances. (Taliban, these days, no longer refers just to the regime that once ruled the country; the word has become synonymous with any number of antigovernment forces.) Tribal elders say the fight in the Korengal is directed and funded by Gulbuddin Hekmatyar, a warlord...