Word: freeman
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...hope for fast growth. Before his death last year at age 67, Symonds had turned the utility into a vast conglomerate named Tenneco that does $2.8 billion worth of business annually and reaches into land development, farm machinery, auto parts and shipbuilding. Now his hand-picked successor, Nelson ("Dick") Freeman, is pulling just the kind of surprise about-face that used to delight Symonds' Houston cronies. In an age of power shortages, Tenneco is turning back to supplying energy on a grand scale...
With little fanfare, Freeman recently announced that Tenneco and two other Houston firms (Texas Eastern and Brown & Root) are carrying on negotiations with the Soviet Union for rights to the vast natural-gas fields of central Siberia. The cartel is bargaining for a 25-year deal to transport, in liquid form, some 2 billion cu. ft. of natural gas daily -about three times as much as all of New England now uses every 24 hours. U.S. demand for imported natural gas is expected to skyrocket in the near future, since projected needs far outstrip the available supply at home. Final...
...venture in cooperation with Westinghouse to build nuclear power stations that generate electricity on floating platforms at sea-far from radiation-wary cities, whose residents have blocked one nuclear power project after another. Although some ecologists have objected to the thermal pollution that such power stations would spread, Freeman maintains that its effect on the entire Atlantic would be negligible. Tenneco has begun building a new $200 million construction center in Jacksonville, from which the first power platform is expected to be launched...
...should be spending $2 billion a year on research into the alternatives, not $600 million," says Energy Consultant Freeman. "We're going into the future with only one arrow for our bow, the breeder. If it doesn't work out, we'll face a real crisis." Actually, the utilities have already proposed various surcharges that would raise some $400 million a year entirely for future research...
Died. Dr. Walter J. Freeman, 76, psychiatrist and neurologist who pioneered the use of prefrontal and trans-orbital lobotomies as a treatment for severe mental illness; of cancer; in San Francisco. In 1936 Freeman performed the first lobotomy in the U.S. by severing the nerves from the frontal lobes of a patient's brain. An ardent and vocal champion of the controversial procedure, he once supervised or performed 238 operations over a two-week period. Because lobotomies are irreversible and leave some patients in a vegetable-like condition, the treatment was gradually abandoned during...