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...1970s were promising years. Soaring oil prices prompted industry to search seriously for alternative energy sources. Otisca's first pilot project was done with Island Creek Coal Co. -- a 15-ton-per-hr. operation in Bayard, W. Va., at the headwaters of the Potomac. Smith and Keller also did some early business with General Public Utilities in western Pennsylvania, until the Three Mile Island nuclear disaster thoroughly distracted GPU's management...
They didn't make any money to speak of. But on the side, Smith invented a process for extracting oil from tar sand and sold it to Amoco for $1 million. American Electric Power, one of the more enlightened utilities, signed on to build a 125-ton-per-hr. Otisca coal-cleaning plant in Beverly, Ohio. AEP, which serves seven Midwestern states, and by itself produces 3% of the nation's electricity, budgeted $6 million for the project. "We went from a bare field to a fully operational plant within 20 months," recalls Smith proudly. The product of the venture...
...minus $350,000. That afternoon he flew home president of a company with a net worth of more than $7 million. "That," he recalls, "was a nice trip to New York." With the money, they bought an old cement factory in Jamesville, N.Y., and converted it into a 15-ton-per-hr. production facility...
...such a happily unkempt man -- he wore shoulder-length hair and bargain- basement clothes, and weighed an eighth of a ton -- Gaines' death last week seemed curiously neat: he had turned 70; his creation was turning 40; an exhaustive coffee-table-book history (Completely Mad) was in the bookstores; and, as if to reaffirm Mad's relevance, the current issues of two other magazines (Esquire and Texas Monthly) feature Alfred E. Neumanesque cover caricatures of would-be Presidents (George Bush and Ross Perot). Is there any American under 50 who did not as a youth experience Mad's liberating, irreverent...
...spinning overhead by grabbing onto three makeshift handholds the size of soup cans. Then consider performing this feat swaddled in a 255-lb. rubber suit, suspended in midair, with no net. It , was a comparable challenge that confronted the Endeavour astronauts last week when they rescued Intelsat, a 4.5-ton 17-ft.-long telecommunications satellite, from its useless orbit 230 miles above the earth. In a record 8-hr. 29-min. space walk, with the world rolling by beneath them, Commander Pierre Thuot, Richard Hieb and Lieut. Colonel Thomas Akers wrestled the satellite into the shuttle's cargo...