Word: rand
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While it has done much for the economy of France as a whole, the Common Market has been no boon to the French subsidiaries of General Motors and Remington Rand. Hard hit by massive French imports of low-priced Italian refrigerators. G.M.'s Frigidaire plant in France early this month laid off 685 of its 3,100 workers. Last week Remington, which has steadily lost ground in the French market to West German typewriter makers, announced that it planned to dismiss 300 French employees and move all its European portable-typewriter production to a newer plant in The Netherlands...
...analyst. Yet, as deputy comptroller for systems analysis, this young economist must lay bare the calculations on which many defense decisions are made. After graduating from Stanford with honors in economics, spending two years at Oxford as a Rhodes scholar and getting his Ph.D. from M.I.T., he joined the Rand Corp. think factory, where he helped direct a major study of Strategic Air Command operations and strategy that later became part of the Kennedy Administration's defense policy. Deeply concerned by the problems of defense ("The survival of the country seemed to be at stake"), he took a leave...
Henry S. Rowen, 36, Deputy Assistant Secretary of Defense for policy planning and national security affairs, also came to Defense through the Rand Corp. after graduating from M.I.T. and studying at Oxford. Planner Rowen concentrates on strategic questions for the future rather than day-to-day defense programs, originated major elements in the "no-city" strategy outlined by McNamara in Ann Arbor. Mich., last month; under it. U.S. retaliation to surprise attack would concentrate on Soviet military objectives and avoid destruction of cities. Articulate and wide-ranging in his interests-which may be NATO or guerrilla warfare-he worked...
...exchanges rode out the storm almost unaffected. In Tokyo, stock prices were already so low that Wall Street's gyrations produced only minor ripples. And in South Africa, rigid government currency controls have so cut off the local financial community from the rest of the world that the Rand Daily Mail index shrugged off Blue Monday with a drop of only one-tenth of a point. Mused one Joburg broker: "There might be something to isolation after...
Having decided after long and clamorous struggle that "the day of the small, family-held corporation is gone." Vivien Kellems, 65, Connecticut's would-be Joan of Arc whose "voices" seem to ring like Ayn Rand, sold out her 34-year-old cable-grip works in Stonington. But her vendetta against the Internal Revenue Service would go on. Renouncing a 1961 pledge to stick to her "knitting by the fireside" (among other reasons: she can't knit). Liberty Belle Kellems menacingly warned the bureaucratic foe: "I'm just getting a second breath...