Word: edisonizing
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...missing word. Back in prepermissive days, I was a Freshman Dean at Harvard. Rules were simpler then: if a student failed, he was expelled. If expelled, he was readmitted only after three or more months of hard (but compensated) labor, such as digging ditches for the Boston Edison Company, or the Boston Elevated Railway Company...
...power of a bulldozer cannot exceed that of its maker. Why, then, cannot the thinking power of a computer exceed that of its programmer? The machine has the advantage of great speed, phenomenal concentration, superb memory and relentless attention to detail. Few men can say the same. Remember that Edison described genius as consisting of 99% perspiration and 1% inspiration. It would appear that computers are further along that road than most humans...
...loans. Record bond interest rates have now soared beyond the reach of many local governments, forcing them to postpone many projects such as sewer and water lines and school buildings. New York Telephone had difficulty finding takers for a $150 million issue yielding 7.47%. New York's Consolidated Edison had to pay a record 7.9% on an issue of $80 million of construction bonds. Many treasurers are turning away from bonds altogether, reasoning that it is better to pay 9% or so for a two-year bank loan than to be committed to 71% or more...
Situated on Mass. Ave. near Central Square, housed in the former Edison Light Company, this political revue could not have grown up under more auspicious conditions. Operating with a $50,000 investment, Leven, who had originated the long-running Proposition a few months earlier, set out to renovate the building. It was to become a creative complex, including a coffee house, an art gallery, a poetry corner, and a 16 mm. film showcase. At the center of the plan: a 300-seat theatre, stocked with lots of multimedia gadgets. In an area where small groups like The Proposition...
...biggest deals, including the 1966 McDonnell-Douglas merger, for which his firm's fee was $1,000,000. Besides serving as investment banker to such companies as ITT and Owens-Illinois, he is a director of RCA and Allied Chemical in the U.S., Fiat and Montecatini Edison in Europe...