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...have not answered the challenge if we limit ourselves merely to meeting the Kremlin's military threat." Watson's speech was greeted with some restraint. Later, it was liberally interpreted (Watson left for Europe immediately after the speech) by incoming N.A.M. President Rudolf F. Bannow, president of Bridgeport (Conn.) Machines, Inc. to mean that "if you give the economy more push, it will produce more taxes automatically." Bannow went on to say that "taxes should be such as to encourage business," and plugged the N.A.M. program for reducing taxes to 47% maximum on individual and corporate income. Such...

Author: /time Magazine | Title: Business: A Jarring Note | 12/14/1959 | See Source »

...went to work as an apprentice patternmaker in 1911 at 6½? an hour ("I was grossly underpaid"). In 1919 he shipped around the world for a year as a coal stoker on a freighter ("I had to get that phase out of my system"). At 30, he bought Bridgeport Pattern and Model Works with "$80 and a $3,000 loan,'1 changed its name to Bridgeport Machines, Inc., and went to work manufacturing milling machines. The company now has 400 profit-sharing, nonunion employees, is worth $6,500,000. Married and the father of two daughters, Bannow sings...

Author: /time Magazine | Title: Business: A Jarring Note | 12/14/1959 | See Source »

Tackling the U.S. teacher shortage, Yale last week announced the results of a three-year project directed by Yale Education Professor Emeritus Clyde M. Hill. Eight Connecticut housewives (aged 30 to 45) attended special classes at the University of Bridgeport, taught part time in the public schools of Fairfield. All the women got higher academic scores than the norm for college girls, compared favorably with new college graduates. All taught better for having broader life experience than the average young teacher. Yale's total training cost per teacher: $750, much less than for younger student teachers. With five...

Author: /time Magazine | Title: Education: A Chance to Teach | 12/7/1959 | See Source »

Married. Gloria Davy, 28, Brooklyn-born Negro soprano who made her debut at the Metropolitan Opera as Aida; and Herman Penningsfield Jr., 28, Swiss financier; she for the second time, he for the first; in Bridgeport, Conn...

Author: /time Magazine | Title: Milestones, Nov. 30, 1959 | 11/30/1959 | See Source »

...Bridgeport, Conn. Incumbent Democratic Mayor Samuel J. Tedesco, 44, who two years ago overturned (by 161 votes) Socialist Jasper McLevy's foot-dragging, 24-year rule, beat back the old (81) Socialist again, this time by 15,500 votes...

Author: /time Magazine | Title: National Affairs: The Battle for City Hall | 11/16/1959 | See Source »

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