Word: timbers
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Dates: during 2000-2009
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...Socialism." Paranoid about maintaining power above all else, the army has repeatedly turned its guns against its own people, most tragically in 1988 when a student-led protest movement was crushed, leaving some 3,000 dead. Even as the masses have grown poorer, the military has enriched itself through timber and natural-gas deals. In 2005, the ruling junta mysteriously moved the nation's capital from Rangoon to a new city called Naypyidaw, carved out of the jungle at a cost of hundreds of millions of dollars. Last year, a samizdat video of Than Shwe's daughter getting married made...
...replace Rangoon as the national capital, the military leaders have virtually barricaded themselves from their subjects. While ordinary Burmese get ever poorer because of the junta's economic mismanagement, the generals live in swanky mansions and drive fancy cars. The government has signed lucrative gas-pipeline and timber deals with other nations, but little of the money trickles down to ordinary people. The steep fuel hikes in August only heightened the economic disparity, as some formerly white-collar workers could no longer afford to take the bus to the office. Buddhist clerics are experiencing privation, too, since their lives depend...
...Burma's currency, wiping out the savings of millions, and introduced new bank notes that were divisible by the number 9 simply because he considered the digit auspicious. Things haven't gotten much better since then--even though Burma is blessed with lucrative natural resources like natural gas and timber. Obsessed with its own survival, the junta spends 40% of the nation's annual budget on the 450,000-strong army while 90% of the population lives near or below the poverty line. Inflation is more than 30%. A fuel hike last month led to a tripling of bus fares...
...economic front is no better. Roughly 90% of the population lives near or below the poverty line, even though Burma is blessed with lucrative resources like natural gas and timber. The country's generals are hardly known for their financial savvy: one former regime chief denominated bank notes by the number nine simply because he considered the digit auspicious. Obsessed with its survival, the junta has dramatically expanded the military; 40% of the nation's annual budget is believed to be spent on the 450,000-strong army. Inflation is running at more than 30%. Last month's fuel hike...
...Bush's veto threat, and accuse the President of abandoning Louisiana. It's true that the bill includes some projects to help restore Louisiana's vanishing coastal marshes and cypress swamps, which provide natural protection for New Orleans. (It's also true that Vitter had pushed to help timber firms to log those cypress swamps.) But as I explain in TIMR, the bill's main Louisiana project - a 72-mile levee for some bayou towns - is a giant step in the wrong direction, accelerating the wetlands losses that left New Orleans exposed to Katrina...