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Keyword: lumber

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  • Stronger Than Steel, Able to Stop a Speeding Bullet—It’s Super Wood!

    02/18/2018 11:28:50 PM PST · by LibWhacker · 24 replies
    Scientific American ^ | 2/7/18 | Sid Perkins
    Simple processes can make wood tough, impact-resistant—or even transparent Some varieties of wood, such as oak and maple, are renowned for their strength. But scientists say a simple and inexpensive new process can transform any type of wood into a material stronger than steel, and even some high-tech titanium alloys. Besides taking a star turn in buildings and vehicles, the substance could even be used to make bullet-resistant armor plates. Wood is abundant and relatively low-cost—it literally grows on trees. And although it has been used for millennia to build everything from furniture to homes and larger structures, untreated wood...
  • Tariffs Are Behind Skyrocketing Lumber Prices

    08/02/2017 9:34:37 AM PDT · by Eric Pode of Croydon · 124 replies
    American Spectator ^ | 2 Aug 2017 | Andrew Wilford
    Back in April, President Trump slapped tariffs of around 20 percent on the Canadian softwood lumber industry. At the time, I wrote that it would cause lumber prices to rise, citing estimates that prices could increase by around 6.4 percent. Well, it turns out I was wrong, and lumber prices have not risen by around 6 or 7 percent. Instead, they’ve risen by much more since the spring—as much as 25 percent. One contributing factor for this spike is not hard to see. Tariffs are taxes on the consumer, restricting the consumer’s options when purchasing a product. The levies make...
  • Oregon pushes for wooden skyscrapers to revive timber industry

    04/30/2017 5:08:52 PM PDT · by 2ndDivisionVet · 80 replies
    The Oregonian ^ | April 30, 2017 | Elliot Njus and Molly Harbarger
    It's rare that a governor shows up to celebrate a new condo tower. But this one's made of wood, and that's a bigger deal than it seems. Gov. Kate Brown was on hand the day Carbon12 in North Portland reached its full eight stories and became the nation's tallest wood building. The feat was made possible by cross-laminated timber, wood engineered to have the strength of steel. The distinction won't last long. Another Portland development, an 11–story high-rise made of the same wood product, is expected to secure a building permit within weeks and start construction this summer. For Oregon,...
  • Trump’s New Housing Tax: A tariff on foreign lumber will raise the cost of U.S. homes.

    04/26/2017 5:25:18 AM PDT · by reaganaut1 · 93 replies
    Wall Street Journal ^ | April 25, 2017
    Commerce Secretary Wilbur Ross announced Monday that the Trump Administration will raise the cost of new single family homes in the U.S. as part of its promise to “make America great again.” Mr. Ross didn’t put it quite that way. He said the Administration will impose a 20% tariff on softwood lumber imports from Canada, which total about $5 billion at year. But that’s a lot of lumber and the tariff will add an additional $1 billion in new costs for U.S. construction. Most of those costs will be added to the price of new American housing, not counting the...
  • Trump Administration Plans to Impose 20% Tariff on Canadian Softwood-Lumber Imports

    04/24/2017 5:05:30 PM PDT · by bobsunshine · 54 replies
    WSJ ^ | April 24, 2017 | Peter Nicholas
    The Trump administration is taking retaliatory action against Canada over a trade dispute, moving to impose a 20% tariff on softwood lumber that is typically used to build single-family homes. In an interview Monday, Commerce Secretary Wilbur Ross said the tariff will be applied retroactively and imposed on Canadian exports to the U.S. of about $5 billion a year. He said the dispute centers on Canadian provinces that have been allegedly allowing loggers to cut down trees at reduced rates and sell them at low prices. The determination that Canada improperly subsidizes its exports is preliminary, and the Commerce Department...
  • 84 Lumber Suits Up for Super Bowl With Controversial Ad Buy

    02/03/2017 2:52:36 PM PST · by Timpanagos1 · 98 replies
    LBM Journal ^ | 2/3/17 | James Anderson
    Keep an eye on your TV just before halftime of Sunday’s Super Bowl matchup between the Falcons and Patriots. That’s when 84 Lumber will air the following ad: This isn’t the original version of the ad. For that, you’ll have to see 84 Lumber’s website during halftime of the big game. When 84 Lumber and their agency partner, Brunner, submitted the ad to Fox for airing during the Super Bowl it was deemed too controversial. 84 Lumber’s president and owner Maggie Hardy Magerko talked to the New York Times about the situation. “I still can’t even understand why it was...
  • Hunt on for 'hijacked cargo ship'

    08/12/2009 2:14:01 AM PDT · by Jonny foreigner · 33 replies · 2,276+ views
    A search is under way for a cargo ship which may have travelled through the English Channel after apparently being hijacked by pirates. Coastguards fear the Maltese-flagged Arctic Sea, carrying 15 Russian crew, was hijacked in the Baltic sea. UK authorities made contact before it entered the Strait of Dover but the Russian navy told the Itar-Tass agency it was now looking for the ship. The Maritime and Coastguard Agency said the situation was "bizarre". Spokesman Mark Clark said: "Who would think that a hijacked ship could pass through one of the most policed and concentrated waters in the world?...
  • The One-Stop Shop Guide to Lumber

    07/10/2016 8:54:19 PM PDT · by Eddie01 · 66 replies
    Art of Manliness ^ | March 4, 2015 | Staff
    As I’ve mentioned in previous posts over the years, while I’m not the handiest or craftiest guy, I do make an effort to expand my DIY skills when I can. One thing that often leaves me scratching my head is purchasing lumber whenever I take on a project that requires it. You’d think lumber would be simple; it’s just going and buying a piece of wood, right? But it’s surprisingly complex. There are so many choices that, even with a supply list in hand, I often find myself wandering the lumber section at the home improvement store for 20 minutes...
  • Resolute Forest cuts U.S. newsprint capacity, permanently shuts Georgia machine

    05/05/2016 7:08:57 AM PDT · by rickmichaels · 7 replies
    680 News ^ | May 5, 2016 | Canadian Press
    MONTREAL – Resolute Forest Products says it’s permanently shutting down one of its U.S. newsprint machines in response to ongoing challenges in the market. The Montreal-based pulp, paper and lumber producer says its U.S. mills are “especially vulnerable” in the present currency environment, when a strong American dollar weakens their competitive position. Resolute (TSX:RFP) recently announced price increases to its newsprint sales in the United States but doesn’t expect long-term demand to improve, unlike an anticipated recovery in demand for lumber for the U.S. housing market. The company says it anticipates a $20 million expense item will be recorded for...
  • The Most Economically-Correlated Commodity Is Flashing Red (Lumber)

    01/22/2015 5:58:17 AM PST · by blam · 29 replies
    Zero Hedge ^ | 1-22-1015 | Tyler Durden
    Tyler Durden 01/21/2015 While Crude Oil and Dr. Copper are often cited as economic indicators, as @Not_Jim_Cramer notes, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities. That is a problem. Lumber prices are tumbling and are breaking the 6-year up-trend that has 'proved' the recovery. With no CCFD manipulation and less financialization than crude, perhaps Lumber is the real canary in the economic collapse coalmine... Lumber is the most correlated to ISM and GDP of all the industrial commodities... and that is not good for the US economy...
  • Red States Are Getting a New Shade of Redder-people who deny climate change most likely to suffer

    12/12/2014 1:28:28 AM PST · by Cincinatus' Wife · 42 replies
    Slate ^ | December 12, 2014 | Joshua Zaffos
    ".....Yuma,Colorado, a farming town of 3,500 people near the Kansas border, celebrated last month as homegrown Republican Cory Gardner was elected to the U.S. Senate. Gardner, a high school football player and the son of a farm equipment dealer, defeated incumbent Democratic Sen. Mark Udall to help the GOP gain control of the Senate in the second-most expensive congressional race of all time.Gardner represented Colorado’s 4th Congressional District for four years, an expansive territory that covers the mostly flat and rural eastern third of the state. Farmers there mostly grow corn to feed cattle, and water comes from the quickly...
  • Anyone Recognize This Cat? It Could Be Fifi Reincarnated.

    04/09/2014 11:04:03 AM PDT · by OneVike · 26 replies
    Everyone who knows me, knows that I am a die hard Evangelical Christian. I believe that when a Christian dies, they go to be with the Lord. Paul said it so eloquently in his second epistle to the Corinthians. 8:5, "We are confident, yes, well pleased rather to be absent from the body and to be present with the Lord." So, I do not believe in reincarnation. However, if ever there were a moment one might question the theory of reincarnation, this may be one.
  • Another Republican-Supporting Business Raided: Suspicion of Using Mongolian Wood

    09/28/2013 2:41:48 PM PDT · by lowbridge · 73 replies
    Thursday, Federal agents raided Lumber Liquidators. Lumber Liquidators advertises heavily on The Rush Limbaugh Show and even put in the flooring for one of Rush’s studios. The Richmond Times-Dispatch reports: "Agents from the Department of Homeland Security’s Immigration and Customs Enforcement, the U.S. Fish and Wildlife Service and the Department of Justice executed the search warrant at the company’s headquarters and plant near Williamsburg, said Brandon Montgomery, a spokesman for the Department of Homeland Security." The reason for the raid? Suspicion of using Mongolian Wood. Mongolian wood, apparently, is an imminent threat to Homeland Security.
  • Stock tumbles after raid of Lumber Liquidators

    09/27/2013 12:32:38 PM PDT · by SeekAndFind · 54 replies
    CNN Money ^ | 09/27/2013
    Federal investigators raided the offices of Lumber Liquidators on Thursday, the company and authorities said. Stocks of the hardwood flooring retailer fell sharply on Friday as the news emerged, dropping just over 10% at midday. No arrests were made and the search warrants remain sealed, said Brandon Montgomery, a spokesman for the Department of Homeland Security. He said the search involved special agents from the Immigrations and Customs Enforcement, U.S. Fish and Wildlife Service and the Department of Justice. Lumber Liquidators (LL) suggested the investigation involved its importation of wood products, which come from "approximately 110 domestic and international mills...
  • If the Economic Recovery Is Strong, Why Are Lumber Prices Falling?

    06/04/2013 1:37:36 PM PDT · by blam · 21 replies
    TMO ^ | 6-4-2013 | Sasha Cekerevac - InvestmentContrarian
    If the Economic Recovery Is Strong, Why Are Lumber Prices Falling? Economics / Economic Recovery Jun 04, 2013 - 07:05 PM GMT By: InvestmentContrarian Sasha Cekerevac writes: As we all know, the stock market is in record-setting territory. One would think that this must mean the economic recovery engineered by the Federal Reserve is surely in place, but it’s not. I believe that the economic recovery is far from being assured. The shocking thing to consider is how many trillions of dollars the Federal Reserve has pumped into the economy, and yet all we have to show for it is...
  • Bleeding Economic Indicators? Commodities, CDS and Industrial Production

    06/02/2013 5:19:30 PM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 06/02/2013 | Anthony B. Sanders
    If you listen to the media, they continue to report that “everything is beautiful.” But not everything is beautiful, especially in Europe. Of course, gold and silver have been declining as of late. Not beautiful at all. But they are not traditional economic indicators. However, copper (green) and lumber are used in construction and they have been declining recently. Especially lumber {(purple) which has mounted a turnaround in the past week. The VIX (S&P 500 volatility index) is rising. China is still posting prodigious industrial production figures, the US not so much. But credit default swaps (aka, default insurance) are...
  • Lumber Sales Forecasting Stronger U.S. Housing Market

    05/03/2013 10:23:58 AM PDT · by blam · 12 replies
    The Market Oracle ^ | 5-3-2013 | Mitchell Clark
    Lumber Sales Forecasting Stronger U.S. Housing Market Housing-Market / US HousingMay 03, 2013 - 12:13 PM GMT By: DailyGainsLetterMirtchell Clark Mitchell Clark writes: Reflecting the strength in the U.S. housing market, Weyerhaeuser Company (NYSE/WY) reported very good financial results in its first quarter. The company’s 2013 first-quarter revenues leapt to $1.95 billion, way up from $1.49 billion in the same quarter last year, on solid demand from all its business lines. Net earnings grew significantly to $144 million, way up from earnings of $41.0 million in the same quarter last year. On the stock market, Weyerhaeuser is expensively priced, but...
  • Lumber tax a knot for retailers (Sneaky New CA Tax)

    01/13/2013 9:52:14 AM PST · by ProtectOurFreedom · 28 replies
    San Jose Mercury News ^ | 1/11/13 | Heather Somerville
    California's new 1% lumber tax has cost lumber yards thousands of dollars...raising the ire of retailers struggling to bounce back from the housing slump. ...the new law because it is full of contradictions, hidden costs and ambiguities. The tax applies to lumber and products that are at least 10% wood, although the rules are murky and lumber yards have varied interpretations of what should be taxed. The list of exclusions and caveats is numerous. Doors and moldings are not taxed, but wood shingles are. Fencing is taxed, unless the fence is made from remanufactured wood. Firewood is not taxed, although...
  • Vicksburg sawmill lays off 80

    12/06/2012 8:35:45 PM PST · by 2ndDivisionVet · 15 replies
    VICKSBURG, Miss. (AP) — About 80 employees at Anderson-Tully Company's sawmill operation at the Port of Vicksburg will be laid off by Jan. 4. The company tells the Vicksburg Post ( ) that the move has been in the works for two months because of a depressed housing market. Company president Richard Wilkerson says a second shift is being dropped...
  • South Korea on alert for possible Al Qaeda ship

    10/30/2003 11:45:39 AM PST · by FairOpinion · 20 replies · 441+ views
    Khaleej Times via Al Jazeera ^ | Oct. 30, 2003 | Agence France Presse
    SEOUL - South Korean security authorities were ready to carry out on-board inspections of a Bahama-registered freighter after being tipped off that the ship might carry some members of Al-Qaeda, police said on Thursday. The 17,000-tonne freighter, the Athenia, which was suspected of carrying members of Osama bin Laden’s Al Qaeda group, was due to arrive at the southwestern port of Kunsan late Thursday, the police said. “We have been informed that Al Qaeda members might be hiding in the ship,” a police officer in charge of foreign affairs in Kunsan Police station told AFP. “When the ship reaches the...