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...sagging computer division for notes and stock worth about $500 million. Honeywell got G.E. plants in the U.S. and abroad, including the profitless French subsidiary, Machines Bull. The acquisition doubled Honeywell's annual revenues (to $2 billion in 1971) and propelled it past Burroughs, Sperry Rand and NCR in worldwide computer shipments. By adding G.E.'s large and small computers to its own line of middle-sized models, Honeywell became the only firm competing with IBM in all three categories. Still, Wall Street analysts figured that the acquisition of .G.E.'s computer operations would dilute Honeywell...

Author: /time Magazine | Title: COMPUTERS: Challenging the Jolly Gray Giant | 1/3/1972 | See Source »

...Young Republicans, Y AFers, Buckleyites and Birchers, suddenly turned libertarian. Converted socialists and liberals comprise the rest of NRC's ranks. But one common thread is found through all: practically every member of NRC credits her or his transformation, and determination, to a 68 year-old novelist named Ayn Rand--the philosopher of greed...

Author: By Mark C. Frazier, | Title: NRC: Radicals for Greed | 1/3/1972 | See Source »

...Rand has been something of a terror to the American Right for 30 years. A short, thick-voiced, quick-tempered woman, she left Soviet Russia in 1923, made her way to California, found bit roles in movies, married, and began to teach herself to write. Driven by a distaste for communism and a strong desire to be left alone, she finished in 1943 a huge, finely plotted novel about an iconoclastic architect. The book--The Fountainhead--told the story of a man who dynamited a public housing project because officials had altered his design in violation of previous promises. Despite...

Author: By Mark C. Frazier, | Title: NRC: Radicals for Greed | 1/3/1972 | See Source »

Fifteen years later she followed it with her bombshell, Atlas Shrugged, which has since provoked a divorce of the libertarian from the conservative right and made Rand into an arch-hero or arch-villain, to those on the right. The novel portrays the fundamental issue of our time--and all time--as that of selfishness versus altruism, liberty versus tyranny, capitalism versus socialism. She begins from the premise that man is an end in himself, and that his morality should ultimately bring him happiness. The pursuit of happiness, Rand says further, is a selfish drive. If one attacks selfishness...

Author: By Mark C. Frazier, | Title: NRC: Radicals for Greed | 1/3/1972 | See Source »

...Defense Department could hire its own computer experts or contract the problems out to private "think-tanks" like RAND. But for social science techniques the DOD needs what universities--Harvard and MIT in particular--have to offer: a first-rate community of behavioral scientist. The DOD's own such scientist don't know what they are doing, two of the Project's leading participants say; and the behavioral scientists of think-tank staffs number fewer than those at a single leading university. Cambridge offers an unusually large and diverse social science community...

Author: By Marion B. Lennihan, | Title: Social Science for Social Control? | 12/13/1971 | See Source »

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