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...crowd of scientists, industrialists and other celebrities will gather amid the historic buildings at Greenfield Village in Dearborn, Mich., to commemorate the hundredth anniversary of Edison's banishment of darkness. In Edison's laboratory-disassembled in Menlo Park, N.J., by his good friend Henry Ford, then crated and shipped to Dearborn along with seven railroad cars full of the clay soil on which it sat-the audience will watch a re-enactment of the scene. Madeline Edison Sloane, the inventor's great-granddaughter, will throw the switch that opened a new era. As the German historian Emil...

Author: /time Magazine | Title: Business: The Sad State of Innovation | 10/22/1979 | See Source »

Kalamazoo, Mich...

Author: /time Magazine | Title: Letters, Oct. 15, 1979 | 10/15/1979 | See Source »

...poignant milestone in automotive history. Last weekend movers cleared out the four-room, twelfth-floor corner suite in Dearborn, Mich., from which Henry Ford II for most of the past 34 years had run the auto empire founded by his grandfather. Though Ford, 62, will remain as board chairman, he has stepped down as chief executive, ending three generations of day-to-day family management at the nation's third largest industrial firm. His departure is not at an auspicious time in Ford's fortunes. The domestic auto business faces serious problems, but Henry Ford, following a careful...

Author: /time Magazine | Title: Business: Ford's Touch of Chrysler Flu | 10/15/1979 | See Source »

...Milford, Mich...

Author: /time Magazine | Title: Letters, Oct. 8, 1979 | 10/8/1979 | See Source »

Typical of the many cities or states that face the pension squeeze is Hamtramck, Mich. (pop. 26,000), a working-class town of neat clapboard houses skirting Detroit. Payments for retired Hamtramck public employees could be halted next year. Pension promises in the past were so generous while funding was so skimpy that 99% of the town's property tax income now must be funneled directly into the police and fire pension funds to keep them afloat. One former city employee who contributed only $35 to his retirement plan when he was on the payroll has collected...

Author: /time Magazine | Title: Business: Danger: Pension Perils Ahead | 9/24/1979 | See Source »

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