Word: packards
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...Athens, on the vast plain where the Persian King Xerxes camped in 480 B.C. before he charged Thermopylae, there stands a marble statue. It is not a monument to the defenders of Thermopylae, but to the recent rebirth of Anthili and the man who made it possible: Walter Eugene Packard, a Point Four soil reclamation expert from California...
Thirteen years ago, Packard persuaded the villagers to let him irrigate 100 acres of their arid, salty plain to grow rice. Within five years. Packard's project in Anthili and other towns had converted Greece from a country that annually imported $5,000,000 worth of rice to a nation that exported $5,000,000 worth-on an initial U.S. investment of $43,000. Other Point Four schemes trained a Greek agricultural staff to teach 8.000 villages such basic matters as tractor maintenance and cheese making, instructed technicians to operate a new electrical power system, reorganized an archaic police...
...their peaks, such stocks as IBM. Texas Instruments. Xerox and Hewlett-Packard climbed to anywhere from 80 to 120 times earnings. Raskob was a piker. Some companies such as Itek and Farrington became glamour stocks even while they were still operating in the red. And as investors became more and more intoxicated by growth, the inflation in price-earnings ratios spread across the board, from speculative risks to the conservative blue chips. Such companies as General Electric. Johns-Manville and International Paper saw their stock prices rise even though their per share earnings failed to increase-or even declined...
...Hewlett-Packard...
Studebaker (which plans to drop the Packard half of its name at the end of this month) will introduce the Avanti on April 26 at New York's International Automobile Show. By designing and producing an entirely new car within only a year, Egbert and Loewy have set a new record for U.S. automakers. Some nervous South Benders fear that the Avanti is too radically styled to sell well on the inherently conservative U.S. market. Its failure could jeopardize Studebaker's automaking future. But Egbert is firmly convinced that the Avanti will carry Studebaker forward...