Word: kodak
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Dates: during 1950-1959
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...George Eastman Visiting Professorships, established in the name of Eastman Kodak's president, have been awarded for about ten years...
...Additional tax reduction is desired by everyone," said Under Secretary of the Treasury Marion Folsom, onetime treasurer of Eastman Kodak and longtime NAMster in good standing. "But taxes can be reduced further only as expenditures are reduced." Folsom saw little hope for big cuts in spending; in fact, said he, with the excess-profits tax expiring and personal taxes about to be cut, there was already the prospect of a $7.5 billion deficit next year. In view of that, the Administration would oppose the cut in corporate-tax rates (from 52% to 47%) and the elimination of some excise taxes...
...poured quantities of awkward new words into the language and this in turn persuaded everybody that each new thing must have a name, preferably 'scientific.' These new words . . . were fashioned to impress, an air of profundity being imparted by the particularly scientific letters k, x and o = Kodak, Kleenex, Sapolio. The new technological words were sinful hybrids like 'electrocute,' or misunderstood phrases like 'personal equation,' 'nth degree,' or 'psychological moment'-brain addlers of the greatest potency...
...were not grasped until 1936, when LIFE was founded on the proposition that "photography is the most important instrument of journalism which has been developed since the printing press." ¶ Mass production of cameras and film got under way when a Rochester, N.Y. industrialist named George Eastman invented the Kodak. Eastman coined the name to be pronounceable in any language and "snap like a shutter in your face." He also invented the slogan: "You press the button, We do the rest." By 1896, twelve years before Henry Ford started mass-producing autos, Eastman was manufacturing cameras by the thousands...
...decided to sell stock on a flexible installment plan, with 120 payments ranging from $10 up. A local bank, now the Lincoln Rochester Trust Co., agreed to be custodian of the stock and keep records of the payments. To make things simple, Quinby offered only one stock, Eastman Kodak, the company best known in Rochester...