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Bonus for Breakthroughs. Productivity is being increased partly by men but mostly by machines. In the past five years, such devices as continuous mining machines, automatic freight yards and automated pipeline networks have increased the productivity of coal miners by 35%, rail workers and oilfield roughnecks...

Author: /time Magazine | Title: The Economy: More in Less Time | 11/15/1963 | See Source »

...Even a Yelp. Last July, when X rays disclosed that she was carrying a fivesome, Venezuela's Inés Maria Cuervo, 34, fainted dead away. Once revived, the mother-to-be, the common-law wife of an oilfield worker, was tucked into bed at Maracaibo's University Hospital, put on a strict diet, and watched around the clock by doctors and nurses. During the delivery, she was conscious and calm. "At least let out a yelp," pleaded one nurse, "so we know you are having a baby." Her tiny boys arrived over a period of 50 minutes...

Author: /time Magazine | Title: Births: 54,000,000 to 1 | 9/20/1963 | See Source »

...coast of South West Africa last week, an ungainly craft went about its unlikely work-sucking diamonds, along with tons of silt and rock, from the sea bottom. Barge 77, the world's only floating diamond mine, is the brainchild of Texan Sammy Collins, 48, a stocky, onetime oilfield roustabout who amassed a fortune in the exacting business of laying underwater pipeline. Intrigued by diamonds during an African engineering job, Collins went underseas prospecting in 1961 despite geologists' warnings that he was wasting his time and money, risked $6,000,000 to back his venture. Says Sammy...

Author: /time Magazine | Title: World Business: Personal File: Nov. 9, 1962 | 11/9/1962 | See Source »

...pour any metal when V-J day arrived. Soon after the war, the unpromising one-furnace mill was sold for $7,500,000 to an optimistic group of Texas businessmen. To run it, they chose Germany, a onetime schoolteacher and salt packer who had grown wealthy as an oilfield wildcatter. Borrowing from the Reconstruction Finance Agency, Germany added open-hearth furnaces, manufactured steel pipe and sold it to oil drillers on the promise that he could ship cheaper than Eastern mills and on 24 hours' notice. Using low-grade local iron ore to save on transportation costs, Germany made...

Author: /time Magazine | Title: Corporations: Off to the Creek Bank | 6/29/1962 | See Source »

...vast, malarial swamplands, Netherlands New Guinea is one of the most meagerly endowed countries on earth. Says one longtime settler: "If the Dutch ever pull out of here, the country will be taken over by the jungle again." Thousands of settlers have already pulled out; yields from the Dutch oilfield at Sorong have dwindled steadily, and the colony last year cost the Dutch $26 million...

Author: /time Magazine | Title: Indonesia: By Jingo | 2/9/1962 | See Source »

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