Word: babsonic
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Ever since he predicted that Boston and all other U.S. coastal cities might be destroyed by the atom bomb (TIME, May 13), Roger Babson, paid counselor to businessmen (Babson's Reports, Inc.) and gratuitous adviser to the world, has been looking for a place to hide. Last week, in the heart of Kansas, he found it. In Eureka (pop. 3,803), Babson bought a dilapidated three-story Main Street building occupied by a beer tavern and roomers. He intends to construct vaults underneath it, deposit in them the voluminous records of his wealthy clients...
...consolidated with the newly-organized Naval Reserve Supply Corps School which had moved here from Washington, D.C. Under Captain McIntosh's command, the school expanded from its first class of 35 officers, which graduated in July, 1941, to an enrollment of 2300 officers with branches at Wellesley and Babson Institute, and with a division for WAVE officers at Radcliffe...
...half-page ad in the Wellesley, Mass. Townsman, Roger Babson, noted for his goatee and his dire predictions, said: "Boston will be destroyed by the atom bomb. . . .The United Nations has not the power to prevent such until it is made over into a real World Government . . . we know that the American people will never vote to do so until . . . after our large coastal cities have been ruined...
Purpose of the ad: to sell the special monthly "Atomic Service" of Babson's Reports, Inc., which promised to help clients to "invest in companies which have little invested in such cities." Instead of new clients, Babson got a storm of protest from Boston businessmen...
Located in Wellesley, the Babson Institute, has been noted as a site of economic research and study. Further information as to the source from which the new students would come was not available...