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Memory Machine. International Business Machines introduced a memory computer to step up office automation. The computer will tell a businessman immediately how daily transactions in sales, payroll, inventory, production, etc. affect any desired aspect of his business. Called RAMAC (Random Access Memory Accounting machine), the computer also serves as an electronic filing cabinet in which company figures are stored on 50 magnetic metal disks, will turn out any needed figure in seconds, thus eliminate endless hours of file checking. Rental per month...

Author: /time Magazine | Title: GOODS & SERVICES: New Ideas, Sep. 24, 1956 | 9/24/1956 | See Source »

Built-in Inflation. It remains to be seen how Bill Martin's current formula will affect the mixing bowl over the next critical months. A report by the Commerce Department and the Securities & Exchange Commission this week predicted that the money shortage-as intended -will force business to push some expansion plans over into 1957. But far from canceling major expansion plans, many businessmen argued that any possible savings in loan costs in the future would be more than offset by higher-priced labor and materials if they postponed construction. Said Arthur Longini, chief economist for the Chicago & Eastern...

Author: /time Magazine | Title: GOVERNMENT: The Banker's Banker | 9/10/1956 | See Source »

Indians judge fasts severely. For one thing, the faster should be prominent enough so that if he dies, the shock will affect many consciences. His motives must be worthy: a Communist leader recently fasted for three days, but seeing that no one cared, gave up; police arrested a faster outside Parliament last week, charged him with attempted suicide...

Author: /time Magazine | Title: INDIA: Gandhi's Legacy | 9/3/1956 | See Source »

...businessmen, whether Democrats or Republicans, have a deep-seated aversion to political activity. Even in the last presidential campaign an upsurge in political interest on the part of businessmen generally took the form of discreet, behind-the-scenes aid. Few businessmen shrink from political action in cases that directly affect their industry, e.g., for higher tariffs on imported textiles (promised by implication last week in the Democratic platform). But most executives shrink from open support of political parties for fear of offending customers, stockholders or powerful public officials. Shrugs a Republican auto-industry executive: "We sell cars to both Democrats...

Author: /time Magazine | Title: Business: BUSINESSMEN IN POLITICS | 8/27/1956 | See Source »

...financial hardship. Ultimately the family's livelihood depends on the horse, Takeru, who hopefully will turn out to be the Nashua of his hemisphere. The horse experiences two traumatic experiences with fire, the first in a nearby forest and the second in his Tokyo stable. These incidents of couse affect his racing proficiency, and in the end the boy uses his harmonica in an attempt to calm the distraught animal in preparation for the "big race...

Author: By Judith Kursch, | Title: 'The Phantom Horse', Filmed In Japan, Showing at Exeter | 8/16/1956 | See Source »

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