Word: timbered
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...Taliban roadblocks had been before the bombing. Some traffic along the road flowed toward Kandahar?trucks laden with flour, rice and other food, and a single Russian-made Taliban tank?but for the most part, people were headed the other way. There were a few vehicles carrying tires and timber, and a forlorn wedding party in four cars, the still, silent bride draped in green, bound for Pakistan. And then there were the refugees: cabs, wagons and trucks loaded with whatever possessions could be carried: cooking utensils, water buckets, cots, cradles, blankets, chickens, cattle, goats...
STOCK ON WOOD You'd expect hard assets to do well in a down market, so here's a suggestion: 2-by-4s. Companies that harvest trees for lumber are amassing impressive records on the Street. Returns on timber investments were up 4.2% last year, while the S&P sank 9.1%. In the past 30 years, the annual average return on timber was 15.2%, against 13.2% for the S&P 500 index. Behind the strong performance: a resilient home-building sector. If housing stays strong, so will timber. As there's no mutual fund that's a pure play...
...around northern Kalimantan, gradually approaching the route that Manser would follow into Sarawak. They talked of various actions Manser might take when he came out, Kuenzli says, but never resolved anything. None of the schemes they discussed?bringing a group of Penan to confront Malaysian politicians at an international timber conference, for example?seemed sufficiently dramatic or effective...
...sets before us an artist who deserves to be rated as one of the great American talents, and should have been long ago; an aesthete of unshakable integrity who looked and talked like Popeye the Sailor Man, a cigar-chomping wisecracker of diabolic humor whose curriculum vitae (timber worker, carpenter, sailor, U.S. Marine Corps marksman, acrobat, gandy dancer and voluble loner) was not, to put it mildly, of a kind normal in the art world...
...Timber issues in the west are not black and white. The extreme greens don't want a single tree cut, while some lumber interests act as if not one should be left standing. I grew up in Washington State, and have hiked the high country since I was a boy scout in the '60s. I live in a house built of lumber and read TIME on paper. A middle way must be found to provide a livelihood for Westerners but keep the beauty and diversity of nature of the West for all. CURT EIDEM Everett, Wash...