Word: ibm
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Dates: during 1970-1979
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...predict the likely 1970 performance of the U.S. economy, IBM executives last week set their computers to work. They fed in the latest economic statistics and some assumptions, and the computers came out with what sounded like a weather-bureau forecast of precipitation probabilities. In IBM's book, the four possibilities, and the chances of them...
...actual outcome, says IBM Vice President David Grove, who is a member of the TIME Board of Economists, depends mostly on a couple of factors: how much businessmen will spend for new plant and equipment and how much the reduction and later elimination of the 10% tax surcharge will stimulate consumer spending. That raises the four possibilities...
...this time there is almost an established class of commissioners who are tapped repeatedly for service. IBM Board Chairman Thomas Watson Jr and former Xerox Executive Sol Linowitz are favorite choices to represent big business. Walter Reuther and George Meany speak for labor, Notre Dame's president, the Rev. Theodore Hesburgh, for Roman Catholics and Whitney Young Jr. and Roy Wilkins for Negroes -although not necessarily for militant ones. The process of forming a commission reminds Sociologist Daniel Bell of a Communist front group. Though the purposes are clearly different, both bodies try to achieve luster by seeking...
Only eight years ago, Perot was a salesman for IBM. He used $1,000 to form the Electronic Data Systems Corp., and in what FORTUNE called "perhaps the most spectacular personal coup in the history of American business," he made it an incredibly successful computer manufacturing company whose stock is now worth about $1.7 billion; Perot holds 83% of it. A political independent driven by a sincere love of country, Perot says: "I've always tried to use my money for programs for young people so they can lead the country in the next generation...
...friend happened to be Charles Eames, the multitalented industrial designer whose molded plywood and leather "Eames chair" is a furniture classic. Busy on a host of other projects-films, graphics, toys and the IBM Pavilion at the New York World's Fair, to name a few-Eames took twelve years to satisfy Wilder's need, while Billy had to make do with a chair and ottoman. But the result, called simply "the Chaise" by its designer, was worth the wait. It is a long, curiously narrow (only 17½ in. wide), aluminum and leather chair, shaped beyond...