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Within the new addition there will be complete office and laboratory space, as well as room for a new high-speed IBM 709 digital computer--a faster model than the one now used by the Smithsonian to track earth satellites...
...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...
...effect throughout all industries of a change in demand for the produce of one industry. The statistical computations for "inverting the matrix" are multitudinous and require the solution of so many simultaneous equations that electronic computers must be used. Presently the Research Project is using a Univac and an IBM 650. Calculations on household consumption are being made with M.I.T...
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...
Drawings call for a 40,000 square foot "F"-shaped structure with a glass and concrete facade. The building will be connected to the rotunda of the present College Observatory, and will provide complete office and laboratory space, as well as room for a new high-speed IBM 709 digital computer--a faster model than the one now used by Smithsonian to track earth satellites...