Word: transistor
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Anyone who has read Irvin Faust's short stories and novels knows how this former high school guidance counselor tenderizes human defect and deficiency. Faust's best characters, the Puerto Rican janitor in Roar Lion Roar, the questing professor in The Steagle, the transistor-radio addict in Philco Baby, are consumed by a world of mass-produced trivia and popular mythology...
...investments in existing technology, seek not progress but what the late Judge Learned Hand called "the quiet life" of monopolists-an existence undisturbed by the innovations of pushy competitors. Many of the genuinely new products that have appeared since World War II have been the work of small firms. Transistor radios were first sold in large volume by Sony, then a struggling young Japanese company; stainless-steel razor blades were introduced by Wilkinson Sword, a British firm that few Americans had heard of; dry copiers were invented by an obscure company then called Haloid Xerox; the picture-in-a-minute...
...hard crust of skepticism has formed on the imaginations of Wall Street analysts since the days when mere mention of "uranium," "transistor" or other buzz words could send a stock's price skyward. A new term, however, is having that effect today: soft contact lenses. Within six weeks after officers of Bausch & Lomb, a 118-year-old optical manufacturer, enunciated the words in March, their stock had nearly doubled. Competitors have said that they will market a soft contact lens, too, with similarly salutary results...
...postwar pile of rubble in a nation almost devoid of raw materials, Japan's businessmen have built an economic superpower. Today it is flooding markets from Manila to Milwaukee with shoes, ships and steel, cameras, cable, cloth and cars, transformers, TV sets, tape recorders and, of course, the ubiquitous transistor radios. To many admiring but fretful Westerners, Japan has become a corporate state, and is even referred to as "Japan...
...Such difficult decisions we are facing these days. Cardinal Villot accuses birth control advocates of pressuring people by offering transistor radios and other gifts. But his offer is much more difficult to refuse-eternal life...