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Toward "Total Energy." Consolidation Coal Chairman George Love and Continental Oil Chairman Leonard McCollum had often talked about the desirability of a hookup among the nation's basic and hotly competitive fuels: coal, oil and natural gas. The two men are old pals in business and personal life. Love is also chairman of Chrysler Corp., of which McCollum is a director. They met frequently, a year ago talked business on a Mediterranean cruise aboard the private yacht of Daniel Keith Ludwig, the world's largest shipping operator. Says Love of his plans with McCollum for a merger...

Author: /time Magazine | Title: High Finance: Anatomy of a Big Deal | 10/22/1965 | See Source »

...McCormack will need his charm and know-how at Comsat. The corporation is busy with plans to link its communications system with an Apollo satellite to be orbited next year by the National Aeronautics and Space Administration, and to offer Pacific communication similar to Early Bird's European hookup. After that will come a new generation of Comsat satellites that will provide worldwide links with stations in at least 45 countries. On the ground, Comsat is embroiled in arguments. Television networks are unhappy about Comsat's high rates ($5,245 an hour in prime time). Such companies...

Author: /time Magazine | Title: Corporations: New Boss for Comsat | 10/22/1965 | See Source »

...most important computer innovations is the introduction of time sharing, in which many users across the nation have nearly simultaneous access to a central computer complex by teletype hookup. At M.I.T., Project MAC (for Machine-Aided Cognition) is already solving problems, answering questions and keeping books on an experimental basis for some 400 users. Scientists who know MAC's language can feed their problems to the computer from typewriter-like keyboards in their own homes or labs. Thus, computers will eventually become as close to everyday life as the telephone-a sort of public utility of information...

Author: /time Magazine | Title: Technology: The Cybernated Generation | 4/2/1965 | See Source »

...detect nuclear bomb explosions, an automatic teleprinter network that serves 9,129 customers in 2,000 U.S. cities and a private telephone system for the Philadelphia-Baltimore-Washington Stock Exchange. Its 30,000-mile facsimile-data-voice net serves the National Aeronautics and Space Administration, and a bigger hookup works for the Pentagon. In September, it opened a "broadband exchange service" to 19 cities that not only combines telephone, teletype and facsimile communication but enables computers to send data across the nation...

Author: /time Magazine | Title: Corporations: New Life in Old Wires | 11/20/1964 | See Source »

...transmission line, the same valves are used in a different hookup. The current flowing through their mercury vapor is stopped and started by a control-voltage applied to a grid. This second switching produces alternating current that can be fed into transformers and reduced to the low voltages needed by the customers...

Author: /time Magazine | Title: Engineering: D.C. on the Wires | 7/31/1964 | See Source »

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