Word: maker
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Product-liability insurance presents a major problem for the makers of everything from toys to antitoxins. Pertussis vaccine for children ran short a year ago because Connaught Laboratories suspended production for a nine-month period during which it could not find insurance at an acceptable price. Now Lederle Laboratories, the only other maker of the vaccine, is talking of halting output in July if a threatened cutoff of its liability insurance materializes. Beech Aircraft figures the cost of liability premiums at a stunning $80,000 on each plane it sells. Says William Mellon, director of corporate communications: "The owner-pilot...
...Another oft-used example is of two Maryland men who supposedly put a hot-air balloon into a commercial laundry dryer. The machine exploded, injuring both men, who won $885,000 from the maker of the dryer. What actually happened is that the men took the balloon to a hospital that had laundry equipment designed for industrial purposes. The dryer vibrated violently and then exploded. Both men were injured; one required microsurgery to reattach his hand, which was almost severed. The dryer's maker had a patent on a device that would have stopped the dryer automatically if it began...
...Challenger disaster. The brass at the Marshall Space Flight Center in Huntsville, Ala., have been trying to point the finger at Kennedy Space Center for botching the assembly of the solid rocket booster. Marshall's bureaucrats are accused of ignoring the warnings of engineers at Morton Thiokol, maker of the solid rocket booster, to postpone the launch because the cold weather could have damaged the O rings that sealed the segments of the booster. The evasions and backbiting have shocked members of the presidential panel. "A whole new NASA has got to come out of this mess, not only...
...that converts images into computer digits and sends them via satellite. "This allows us to get pictures of Sunday events and still ship the magazine to readers at or near the usual delivery time," explains TIME Corporate Production Director Bob McCoach. To transmit the photos, Britain's Crosfield Electronics, maker of the complex system, rounded up the sophisticated and bulky equipment and shipped it by air from London to Reykjavik...
DIED. Hal B. Wallis, 88, wide-scoped film-maker who rose from the ranks at Warner Bros. to become one of Hollywood's most durable, successful producers and whose more than 400 movies included lame-brained vehicles for Elvis Presley and Jerry Lewis as well as such classics as Little Caesar (1930), The Maltese Falcon (1941), Casablanca (1942), The Rainmaker (1956) and True Grit (1969); of complications from diabetes; in Rancho Mirage, Calif. A moviemaker without eccentricities who could cut a deal as deftly as he cut a film, Wallis hid under his phlegmatic manner a keen intelligence...