Word: tellers
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Dates: during 1950-1959
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...shoemakers (1955 sales: $167.9 million), will follow diversification trend by moving into the women's specialty store and jewelry business. For around $10 million cash, General Shoe bought 65% control of Hoving Corp. (1955 sales: $31.6 million), operators of Manhattan's Tiffany jewelry store and Bonwit Teller department-store chain. Hoving President Walter Hoving will stay on, plans no management changes...
...Teller did not tell in detail how this could be done, but he gave a long chain of complex equations showing how energy is released in reacting gases (deuterium or tritium), and how energy escapes from the system. He gave a few general hints about how the lines of magnetic force affect and confine the moving ions. He did not sound lightly confident; repeatedly, he pointed to serious difficulties...
...Teller believes that the job can be done, given enough time and effort. "I am confident," he said, "that controlled thermonuclear reactors will eventually be constructed. I do not believe that the power derived from such reactors will compete at an early date with conventional energy sources or with fission [uranium] reactors...
When thermonuclear reactors are finally achieved, said Teller, they will have several advantages. Their fuel, deuterium, is inexhaustible and it needs no processing after it has been separated from common hydrogen. They will become highly radioactive because of neutrons released within them, but unlike atomic fission reactors they will not contain large amounts of dangerous radioactive material that might be scattered by an accident. On the other hand, they will probably be harder to operate and maintain...
...most exciting possibility Teller mentioned last. It is at least theoretically possible, he said, that a thermonuclear reactor may yield electric power direct, without costly and inefficient turbines, generators, etc. This is almost out of the question with uranium reactors, but the "magnetic bottle" of the thermonuclear reactor is electrical to start with. "If we shall have learned," said Teller, "how to confine a plasma of considerable pressure by a magnetic field, then it should not be too difficult to extract energy from the plasma by varying the magnetic field...