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...dripping from a leaky faucet, the rumors dribbled out of the Justice Department: at the next go-round between Bernard Goldfine and the Federal Government, sensation would be heaped upon scandal. For accepting Goldfine's vicuna coat, paid-up hotel bills, and other expensive gifts, onetime Presidential Assistant Sherman Adams had long since paid the price of banishment from public life. Now, went the reports, the Justice Department was prepared to lower the boom on other politicians on the gift list of the Massachusetts textile and real estate millionaire...

Author: /time Magazine | Title: Massachusetts: The Loyal Secretary | 1/12/1962 | See Source »

Open Secret. Two years ago, NORAD had no way to locate either missiles or satellites. Now, under the prodding of General Laurence Sherman Kuter, 56, commander in chief of the Pacific Air Forces from 1957 to 1959, NORAD can do both. At Thule, Greenland, two powerful beams fan northward over the Arctic from four antennas, each the size of a 3O-story building. While still ascending, an enemy missile would pass through the low-altitude beam, then the higher one, providing a fix for computers to crank out its speed, direction, probable point of impact. Fifteen minutes before the missile...

Author: /time Magazine | Title: Defense: Eyes Toward the Sky | 1/12/1962 | See Source »

Last week, bringing criminal charges against the company, the Justice Department contended that hard work and imaginative research did not constitute the whole story of 3M's success. For the past three decades, the nine-count indictment said, 3M has systematically violated the Sherman Antitrust Act by attempting to monopolize markets in sealing and masking tapes, magnetic tape and aluminum lithograph plates. Among the charges: > That in exchange for licenses to produce 3M-patented products, 3M demanded of competitors the right to fix prices and production and dictate markets. > That to supplement the patent-licensing tactic, 3M banded together...

Author: /time Magazine | Title: Public Policy: Nine Counts Against 3M | 12/22/1961 | See Source »

...becomes a criminal the minute he goes into business, no matter what he does," Miss Rand said in criticizing the Sherman Anti-Trust laws. They are "unintelligible laws the businessman can't help breaking," and their only meaning is the "penalizing of ability for being ability." They are a "constant threat of disaster," putting the businessman at the "mercy of any young bureaucrat," who has a "yen to do some trustbusting...

Author: By Susan M. Rogers, | Title: Ayn Rand Claims U.S. Government Penalizes Businessmen for Success | 12/18/1961 | See Source »

...memorial service will be held at 2 p.m. on Monday, November 20, at Christ Church. Cambridge. It is requested that, in lieu of flowers, gifts be made to the Mildred Percival Sherman Fellowship Fund, Radcliffe College...

Author: NO WRITER ATTRIBUTED | Title: Dean at Radcliffe Dies Suddenly | 11/18/1961 | See Source »

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