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Died. William J. Sparks, 71, co-inventor of butyl rubber and the holder of 145 patents; after a long illness; in Coral Gables, Fla. Joining the Standard Oil Co. (now Exxon) in 1936 as a research chemist, he soon helped develop the synthetic rubber so vital to Allied forces during World War II. Sparks often expressed his concern that young scientists be taught an obligation to society. Said he: "Science without purpose is an art without responsibility...

Author: /time Magazine | Title: Milestones, Nov. 15, 1976 | 11/15/1976 | See Source »

...dilemmas for the Congress as well. The Senate Subcommittee, which I chaired, was charged with investigating the global role of multinational corporations and its impact on our foreign policy. Lockheed's misconduct, if revealed, might severely strain relations with Japan. Yet, Lockheed's pay-offs, and those of Northrop, Exxon, Gulf and others, convinced the subcommittee that legislation was essential if the wrongs we discovered were to be effectively inhibited. In order to provide a basis and secure the necessary support for legislation, the subcommittee concluded, in the Lockheed case, as with Gulf, Northrop and Exxon, that public hearings were...

Author: By Frank Church, | Title: Lockheed: Corporation or Political Actor? | 10/26/1976 | See Source »

Strong Demand. Oil company profits continued to improve moderately, helped by price hikes for gasoline and other petroleum products. Texaco's earnings were up 23% and Continental's 27%. Exxon, the industry leader, reported a decline of 2.6%, largely because of a drop in its foreign earnings. Other industries benefiting from price boosts were aluminum, copper and lead producers, along with electric utilities. Strong demand for all product lines also boosted profits of electrical equipment makers such as General Electric and RCA. Others scoring substantial second-quarter gains were producers of building materials, apparel and forest products; even...

Author: /time Magazine | Title: PROFITS: Still Pointing to Growth | 8/16/1976 | See Source »

Last spring the Exxon Education Foundation deemed the Rassias method an "educational innovation of demonstrated merit," made a film of Rassias in action, and sent out word about it to 2,500 college presidents and deans. According to Rassias, some adaptation of his drills could be used for any kind of class. "Hell," says he, "we should be using this method to teach English to English-speaking people. It makes them better communicators in any language...

Author: /time Magazine | Title: Education: Dynamiting Language | 8/16/1976 | See Source »

Died. Monroe Jackson Rathbone, 76, former president, board chairman and chief executive officer of Standard Oil Co. of N.J. (now Exxon Corp.) from 1954 to 1965; of a heart attack; in Baton Rouge, La. Big, bald "Mr. Jack," whose great-uncle was General Thomas ("Stonewall") Jackson, began his 44-year career with Standard Oil as a chem ical engineer. He made "Jersey," as he called it, the most international of the oil companies and raised its profits to over $1 billion...

Author: /time Magazine | Title: Milestones, Aug. 16, 1976 | 8/16/1976 | See Source »

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