Word: ibm
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Dates: during 1960-1960
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...long as we're not going to use the IBM method of selection, we're going to plow through all folders," Glimp explained. The College's system of judging applicants on the basis of extensive reports received criticism last year from Wilbur J. Bender '28, former Dean of Admissions, who predicted that streamlining would prove necessary in coming years...
...success of ERMA encouraged Beise to find other jobs for computers. The Bank of America's huge traveler-check and credit-card business will soon be handled entirely by optical scanners and IBM 7070 computers. Other IBM computers even check on the efficiency of the branches. Beise gets a report each month that compares the amount of business done by a branch with the number of workers employed. He is satisfied that the equipment is paying off, estimates that it saves 30% on the cost of handling checks alone...
...Boost from the Fed. Looking ahead, Beise hopes to realize one of banking's cherished dreams: to abolish the paycheck. By teaming up IBM 7070s with ERMA, he plans to credit his bank employees' wages directly to their accounts, hopes the scheme will appeal to other companies for which his bank handles the payroll. Asks Beise: "Instead of printing checks for a company, which the employee has to deposit, why not print deposit slips...
...Dartmouth's Director of Admissions Edward T. Chamberlain Jr. said that "every admissions officer in the United States would give five years of his life" if he could use an IBM machine to cull freshmen. But no one has yet found the right punch-card formula, Chamberlain mused, a trifle sadly, in the Saturday Evening Post. "One wag predicts it is more likely we shall find a way to punch holes in the candidates and run them through the machines...
Supplementing their human talent, all three networks were picking electronic brains: ABC was back again with Univac; NBC had something called the RCA 501; CBS had turned to the IBM 7090. CBS and ABC got off to an erratic start, on the basis of too-early returns, with their brains predicting a Nixon victory all the way. But by 8:30 p.m. (E.S.T.), NBC's 501 had given the presidency to Kennedy; Univac and IBM 7090 rapidly got on the electronic bandwagon and all three remained in close agreement thereafter though sometimes oscillating wildly; at one point...