Word: systemization
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Dates: during 1960-1969
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...turns fancies into facts and then facts into entire industries is much more. He may even be deserving of that overworked word: genius. The description seems to fit Peter Goldmark, 62, president and head of research for CBS Labs. Goldmark built the world's first practical color TV system in 1940 and invented the long-playing record in 1948. His latest discovery may well touch off an even greater electronic convulsion. In Manhattan last week, he displayed the first operating model of Electronic Video Recording (EVR), a new system that transforms an ordinary TV set into a movie screen...
Freezing Frames. The effect of Goldmark's system is to free individual TV receivers from the confinement of commercial broadcasting. Under its agreement with CBS, Motorola will produce briefcase-sized player units with wires that clamp onto the antenna terminals of existing TV sets. The viewer can then choose a film cartridge, drop it into the player, and dial an unused channel. The film, which automatically threads and rewinds itself, can carry nearly an hour of black-and-white viewing and can be stopped at any time for either individual "freezes" or to flip the frames through...
Most Horrible Sound. At CBS, Goldmark's bursts of innovation keep management watchful. His first color-TV system, far simpler than today's color models, was rejected because it would have required the junking of all black-and-white broadcasting equipment then in existence. Though engineers had been working on long-playing records for years, Goldmark did not try his hand at it until he listened to a recorded Vladimir Horowitz concert and despaired at the periodic clunks of rejecting 78-r.p.m. records-"the most horrible sound man ever made." In 2½ years, he had compressed...
International money men seem convinced that the next tinkering with the world's wobbly monetary system will involve a general realignment of most major currency values. One tip-off came last week from Karl Schiller, West Germany's increasingly influential Economic Minister. In a TV interview, Schiller substantially hedged Kurt Kiesinger's month-old promise that "the mark will never be revalued while I am Chancellor." That promise, said Socialist Schiller, binds the German government only until next September's national elections. More important, he added, it applies only to an isolated German move to raise...
...today's exchange rate of four marks to the U.S. dollar, top German officials consider that the dollar is more overvalued than the mark is undervalued. Still, the mechanics of the monetary system weigh strongly against any devaluation of the dollar. The price of the dollar is measured only against that of gold: $35 per ounce. Other currencies are valued in terms of dollars...