Word: invened
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Pressures: Easing. Businessmen seek ing credit to buy other companies, spec ulate in real estate or build up inven tories are having a tough time. Few lenders anywhere seem willing to take on new corporate customers, and many now insist that companies keep hefty cash balances on deposit if they want credit. It is getting harder to keep those deposits up. Last week corporations made their quarterly income tax payments, and because of the speedup in collections this year, the bill came to $8.7 billion, nearly 17% more than last year. Partly to pay their taxes, and partly to finance...
...games. Procter & Gamble puts college students who are thinking of working for the company after graduation through a summer game in which each player "runs" an imaginary plant producing "synthetic granules and bulk-oil food products." General Electric has six games going under such ear-shocking titles as Uniflo, Inven-trol and Dispatch-0. "It's really a way to adjust your mind to top management," explains one G.E. executive. "The quicker you start to think of a business problem as a thing without human beings, the bet-er you'll do." Not to be outdone, competing Westinghouse...
...Naismith's $3,000, promoted the idea of sending grey-haired old Dr. Naismith to Berlin to see the Olympic games next sum mer. Last week colleges which approved the idea added i? to the price of every basketball ticket. For his Berlin trip Inven tor Naismith, it was estimated, got $1,000. In 1891, Dr. Naismith hoped he had dis covered a pastime which would supply Y. M. C. A. boys with healthy exercise without encouraging roughness or bad tem per. Main feature of its extraordinary growth has been the tendency of basket ball to grow more violent...
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