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...from 87th to sixth, while Pullman Co. dropped from eighth to 81st, Singer Manufacturing from 13th to 79th and Pittsburgh Coal (now Pittsburgh Consolidation Coal) from 15th to 94th. Five companies among the first ten on the 1948 list (General Motors, second; Standard Oil of Indiana, fourth; Socony-Vacuum Oil, fifth; Du Pont, eighth; Ford Motor Co., tenth) did not even appear among the first 100 in 1909. Says Kaplan: "Industrial leadership at the big business level is precarious...

Author: /time Magazine | Title: THE ECONOMY: Bigness & Competition | 9/13/1954 | See Source »

...lavish return for its lost oil investment. The real compensation to Anglo-Iranian will be borne by the other seven oil firms joining the consortium. For the privilege of a share in exploitation of Iranian oil, the seven (including America's Jersey Standard, Gulf, Texas, Socony Vacuum and Standard of California) will pay Anglo-Iranian about $600 million. In addition to this compensation, Anglo-Iranian, with a 40% interest in the new consortium, will still be the dominant oil operator in Iran. So Anglo-Iranian has cause to be reasonably content...

Author: /time Magazine | Title: IRAN: Oil Again | 8/16/1954 | See Source »

...international consortium of eight of the world's biggest oil companies to operate the industry for 25 years, using Iranian technicians as much as possible. Biggest partner: Anglo-Iranian, with 40%. Five U.S. companies (Jersey Standard, Gulf, Texas, Socony Vacuum, Standard of California) will share another 40%, and Royal Dutch Shell and a French company the rest...

Author: /time Magazine | Title: Foreign News: Siding with the West | 8/9/1954 | See Source »

...that the churches must be subject to the state, led the way to the "higher criticism" of the Bible and even developed a theory of emergent evolution. He also supplied a collection of phrases that have worn down to cliches: e.g., "Man is a social animal," "Nature abhors a vacuum...

Author: /time Magazine | Title: Religion: Anathema | 8/9/1954 | See Source »

...hypersonic tunnel is a vacuum chamber at one end and a gas-charged cannon at the other. At the beginning of each test, a strong-walled tube six feet long and three inches in diameter is charged at high pressure with an explosive mixture of hydrogen, oxygen and helium. When the gas is detonated (with a bang like a 37 mm. gun), it ruptures a copper diaphragm. A blast of hot gases preceded by a shockwave races down a long evacuated tube. Pushed by pressure behind and pulled by the vacuum ahead, it expands through two nozzles...

Author: /time Magazine | Title: Science: Meteor Tunnel | 8/9/1954 | See Source »

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