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...will undertake almost anything dealing with technological research and development, including "serious exploration of outer space." Ford is putting an initial $10 million into the venture, plans to build a $13,500,000 research and development facility, probably in the Los Angeles area, to be completed in 1958 and employ 1,000 to 2,000. Absorption of Systems Research, composed mainly of scientists who quit the Lockheed missiles program in a policy squabble, gives Ford a readymade, topflight scientific team plus a batch of government contracts...

Author: /time Magazine | Title: AVIATION: Ford Takes Off | 5/21/1956 | See Source »

...India, A.I.M. noted, has a new law that requires any corporate director to get the shareholders', permission before the company may employ his relative...

Author: /time Magazine | Title: MANAGEMENT: Featherbedding Brass | 5/14/1956 | See Source »

...market for Argentine meat. Nor can American industries be expected to make products cheaply enough to competes with the Czechs. But inter-American relationships can be strengthened by a strong American interest and effective action in eliminating barriers to trade and in granting aid. United States exporters at present employ a conservative and intractable credit system, a strong deterrent to countries which already have trouble meeting our inflationary prices. Even more important, South American countries need capital and technical assistance to build the hydroelectric developments and highways which they vitally need. In 1953 Milton Eisenhower, after touring South America, made...

Author: NO WRITER ATTRIBUTED | Title: Latin Rhythms | 5/7/1956 | See Source »

According to the April 23 Science section, the subtle squids discharge a cloud of ink to escape enemies. Presumably the octopus and cuttlefish employ the same method of self-defense; they are not the only ones...

Author: /time Magazine | Title: Letters, may 7, 1956 | 5/7/1956 | See Source »

...pushing live musicians elsewhere off their chairs at an increasing rate. TV is causing a further deterioration of the situation, since few of the 2,600 local TV stations in the U.S. try to compete with big network shows produced in New York and Los Angeles; most employ no musicians...

Author: /time Magazine | Title: Music: Musicians' Plight | 5/7/1956 | See Source »

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