Word: edisonizing
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...South American championships at Buenos Aires. The tournament was won by Texas' Cliff Richey, 19, the U.S.'s No. 3-ranked player-behind Dennis ("the Menace") Ralston and Arthur Ashe; in the process, Richey beat both of Brazil's Davis Cuppers, Thomaz Koch, 21, and Edison Mandarine, 25. Cliff's victory seemed suspiciously easy to many observers, but U.S. Captain George Mac-Call, a Los Angeles insurance broker with no big-time playing experience of his own, was so impressed that he picked Richey to play singles at Porto Alegre, in place of Ashe...
...atomic installations go up in units large enough to light whole cities, or even states. At Lake Keowee, S.C., Duke Power Co. is building a $157 million plant with Babcock & Wilcox reactors that will generate 1,664,000 kw.-enough for South Dakota, Vermont and Nevada. Commonwealth Edison is busy expanding its Dresden plant 50 miles southwest of Chicago into an 1,800,000-kw. complex capable of serving a population equal to that of Baltimore and San Francisco combined. As an increasing number of power companies do, Atlantic City Electric, Philadelphia Electric, Delmarva Power & Light, and Public Service Electric...
...come cheaper than the conventional variety. Nine years ago, the first commercial reactor at Shippingport, Pa., generated electricity for 65 mills per kwh. The Oyster Creek plant of Jersey Central Power & Light, due to open next year, is expected to run for 4 mills per kwh, as does Consolidated Edison's Indian Point plant 30 miles up the Hudson River from Manhattan. That is 33% less per kw-h than it costs Con Edison to make power from coal in Manhattan. Even the TVA, though blessed with abundant sources of coal, will switch to fissionable fuel...
...nation's money supply, bond interest rates soared so rapidly last month that one issue after another proved unsalable at its offering price. At the height of that pinch, investors even spurned half of a 61% issue by such a blue-chip utility as Southern California Edison, and American Telephone & Telegraph's new $250 million bond issue sold at a stunning 5qr% discount, thus offering a 5.96% return. That is the highest yield for any prime U.S. corporate bond since...
...newest heroes are scientists. Though inventors such as Eli Whitney, Edison or Bell have long been acknowledged, only Einstein among the pure scientists held a place in the U.S. consciousness until World War II. Today the roster would be long, studded with such names as Teller, Oppenheimer and Waksman. Another set of latter-day heroes are physicians, whose list would include Drs. Fleming, DeBakey, Salk and Paul Dudley White. Among businessmen, only Henry Ford has achieved anything like heroic dimensions, although such magnates as Astor and Carnegie were heroes to their day. The values of commerce, no matter how much...