Word: rand
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RAYMOND HEARD is a 25-year old political reporter for the Rand Daily Mail in Johannesburg, South Africa. He is studying this year in the Government Department under a Frank Knox Fellowship, ater which he plans to return to South Africa and continue his career in journalism...
Western Europe, able to take quick advantage of cost-cutting technological breakthroughs, undercuts U.S. prices in many a world market. Seeing this, many a U.S. manufacturer decides to expand production capacity abroad; last week, laying off close to 1,000 employees in Elmira. N.Y., Remington Rand announced plans to make all its standard office and portable typewriters in Europe from...
Double Purpose. While most Western specialists were happy to have a Russian confirmation of their suspicions, Harvard's Professor Abram Bergson did not think Strumilin went far enough and called his calculations "dubious." A new set of production tables compiled by the Rand Corp. show that from 1928 to 1956 the Soviet economy grew by 633%, or less than half as much as even Strumilin's revised figure...
...like Consolidated's, still within the same basic industry. But there is a growing trend toward going outside, buying new products, or new management or scientific brains, by taking over small companies. Instead of starting from scratch to set up a new computer division, for example, Remington Rand bought up two electronics firms, one of which brought along the already proven Univac
...business is good, help protect companies against a recession. They also contribute to expansion by encouraging the release of money tied up in a matured industry, such as textiles, into a young growth industry, such as electronics. Rather than stifling competition, they often intensify it. By its mergers, Remington Rand forced IBM to work harder to develop its own computers until IBM now heads the field. Mergers can thus be a tonic to corporations so long as they are not used as a substitute for healthy internal growth...