Word: micheline
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Dates: during 1950-1959
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...type of punch-card machine, which had been willed to Oslo's Cancer Institute by Norwegian Inventor Fredrik Bull. With only $140,000 in capital, Vieillard soon needed more financing, sold a 70% interest in the company to the wealthy Callies family (paper mills), closely related to the Michelin and Citroen family. With new capital, the company plunged into research, soon turned out a tabulator capable of writing 150 lines a minute when other tabulators were only half as fast. During the war its engineers designed a postwar line of advanced electronic computers, the first of which, the Gamma...
...Togliatti could subdue the party regulars inside the hall, a more resounding verdict was delivered outside. Workers of Turin's Michelin tire plant, voting as the eighth congress was about to adjourn, registered a drop in Communist strength (from 60% to 26% of the total vote), to throw the Red-dominated union out of control of its shop stewards' committee for the first time since World...
...Invent?" Though Le Temps' backing comes from executives in top business firms, e.g., Michelin tires, Citroën, Esso Standard Oil, the backers (as Esso Standard Oil took pains to point out in its own case) went in as individuals, not corporations. Nevertheless, the bugaboo of business control of newspapers is a real one in France. When some 60 dailies cluttered Paris kiosks in the 1920s, bankers and munitions makers kept newspapers like mistresses. By World War II, big business had a firm grip on the major Paris dailies. Afterward, millions of angry Frenchmen blamed business for the papers...
Paris hotel now costs from $7 to $12. France's famed food is a bargain: Michelin's Guide lists 2,000 restaurants that will serve a meal for a maximum $1.70 (tip included). In Paris, the visitor can take a $13 nightclub prowl that includes a dive billed imaginatively as "the center of the former underworld," where everything is faked but the check. The Crazy Horse Saloon has a floorshow featuring cowboys, Indians and cowgirl stripteasers...
...Conservatives. The new owners cut down on debts, advertising (Citroën does not advertise in France to this day) and car colors, but with Michelin's ultra-conservative management and Citroën's soundly conceived car, the firm prospered. By World War II, it was selling 60,000 autos a year. Nazi bombings, followed by Nazi expropriations of machine tools, stopped production, but with war's end' Citroën came back, turned out 9,324 cars' in chaotic 1945. Last week, with a comfortable billion francs in cash reserves, Citro...