Word: watson
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Dates: during 1950-1959
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...England today," says Donald Tyerman, editor of London's Economist. The so-called proletariat that was the bulwark of socialism and Communism is giving way to an immensely enlarged middle class, intent on acquiring all the trappings of affluence. One excellent measure is autos. U.S. Businessman Arthur Watson, boss of IBM World Trade Corp., found the change astounding. Eleven years ago the manager of IBM's big plant at Essonnes, France asked Watson for permission to build a shed to house the workers' bicycles; two years later he said he needed to enlarge the shed to accommodate...
Meeting in Manhattan last week, 2,000 delegates to the 64th Congress of the National Association of Manufacturers were fully prepared, as usual, for a series of speeches attacking high taxes. At the opening session they were jarred out of position by IBM President Thomas J. Watson Jr. He told them flatly that high taxes are essential in the struggle with Russia for world leadership...
...must realize," said Watson, "that the Communists are fully committed to the contest for the underdeveloped nations, while at times it appears that we haven't really decided whether we are competing or not. We must realize that some sacrifice is necessary. We can't do all the things necessary for the U.S. to do -in this country and abroad-and still proceed on the 'business-as-usual' basis. One of our first sacrifices must be a willingness to accept higher taxes, if necessary, in order to accomplish our purpose of keeping America ahead...
...Echoing Watson's remarks, Allen Dulles, director of the Central Intelligence Agency, cautioned that in the struggle for the uncommitted nations, Russia had a "subversive arsenal of organizations which use the slogans of peace, friendship and coexistence. We have not answered the challenge if we limit ourselves merely to meeting the Kremlin's military threat." Watson's speech was greeted with some restraint. Later, it was liberally interpreted (Watson left for Europe immediately after the speech) by incoming N.A.M. President Rudolf F. Bannow, president of Bridgeport (Conn.) Machines, Inc. to mean that "if you give the economy...
...Russian economy growing faster than the U.S.'s? Budget Director Maurice Stans last week decried the "cult of growth," which would spur federal spending, unbalance the budget, and touch off another burst of inflation. But International Business Machines' Thomas J. Watson Jr. called for new federal taxation, if necessary, to combat Russian expansion (see State of Business...