Word: edisons
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Dates: during 1960-1969
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Died. Charles Edison, 78, son of the famed inventor, former Secretary of the Navy (1939-40) and crusading Governor of New Jersey (1941-44); of a heart attack; in Manhattan. Lacking his father's genius, Edison turned his hand to business and politics-first as president of the family's multimillion-dollar enterprises, then as ardent New Dealer. In 1936, he was appointed Assistant Secretary of the Navy and three years later assumed the full Cabinet post, in which he supervised the Navy's intensive shipbuilding program. Then, as reform-minded New Jersey Governor, he ran head...
Growing Worry. Anxieties are growing among investors who are old enough to remember the 1929 crash and the Depression. A 49-year-old Akron trucking executive has lost only $1,000 on a $20,000 investment in four blue chips-U.S. Steel, Ohio Edison, Goodyear and Standard Oil (Ohio). "But I had a fear of the market from the start," he says. "So do most people who saw their families struggle through the Depression. Now I feel like digging a hole in the backyard and burying the dough...
...Europe, the rule has long been to put up and shut up. He could buy a company's stock, but for him to complain about the company's management was not done. No wonder, therefore, that last week Giorgio Valerio, chairman of Italy's Montecatini Edison, was in a state of shock. At the annual meeting of Italy's largest private company, the long-frustrated small stockholders angrily showered Valerio with a mixed barrage of small coins, epithets and crumpled copies of the company balance sheet. Their urgent message was that it was time to start...
...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...