Word: timberlands
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...Pacific Northwest's remaining wilderness, an ecological frontier whose deep shadows and jagged profile are all that remain of the land as it was before the impact of man. But rescuing the owl and the timeless forest may mean barring the logging industry from many tracts of virgin timberland, and that would deliver a jarring economic blow to scores of timber-dependent communities across Washington, Oregon and Northern California. For generations, lumberjacks and millworkers there have relied on the seemingly endless bounty of the woodlands to sustain them and a way of life that is as rich a part...
...Pacific that strains run deeper than the trade deficit. In the past two years the deficit has narrowed by 13%, shrinking from $52 billion in 1987 to $45 billion in 1989. American exports to Japan jumped from $31.4 billion in 1987 to $48.1 billion in 1989, a 53% increase. Timberland shoes and Procter & Gamble soaps are becoming popular consumer items across the Pacific...
Tinder-dry jack pines, white and black spruce, poplar and birch trees exploded in the heat as more than 3 million acres of Canadian timberland went up in smoke during the past two weeks. Some 4,400 fire fighters battled 560 lightning-ignited fires that swept across northern Manitoba, Saskatchewan and Ontario. "The whole north is virtually blowing up on us," sighed Albert Driedger, Manitoba's minister for emergency services. With high winds pushing dense smoke toward Indian reservations, provincial premier Gary Filmon declared a state of emergency...
...Goldsmith, officially Sir James Goldsmith, is not exactly penniless anymore. His net worth is estimated to be more than $1.2 billion, including holdings ranging from the Grand Union grocery chain to a publishing house in Paris to some oil wells in Guatemala to about 2.5 million acres of rich timberland in Washington, Oregon and Louisiana. And because he liquidated most of his French and British holdings in recent months -- "I've got my bundle," he likes to say in these postcrash days -- he has $300 million in cash and short-term securities. That success not only makes him a potentially...
...Goldsmith, 54, got out of the market well in advance of calamity. In late August he sold his 29% share of Occidentale Generale, a $1.55 billion Paris-based holding company that controls, among other things, the Grand Union supermarket chain, French publishing interests and vast stretches of Northeast U.S. timberland. Goldsmith's profit: $450 million. Having fled the market, Goldsmith declared, "I am a spectator, and will remain a spectator for the time being." An important factor that prompted Goldsmith to bail out of the market was the stubborn U.S. trade deficit, which, he had assumed, would eventually cause interest...