Word: zenith
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...federal grand jury recognized that talent last October, indicted Finnegan for accepting bribes from taxpayers and taking fees to represent clients before Government agencies. This week brought to light a new fact in the wake of Finnegan's exposure. The St. Louis Globe-Democrat disclosed that the Zenith Radio Corp. paid him $50,000, while he was still St. Louis collector, to get scarce film with which to test Zenith's Phonevision sets. Until Finnegan went to work for Zenith, the movie companies had been most reluctant to cooperate with Zenith. But they were so anxious to cooperate...
...newcomer to the G.E. hierarchy, was picked by ex-President Charlie Wilson, who was impressed by Nance's work as a member of WPB's advisory board for industry. He was already a veteran in the electrical industry, had managed Frigidaire's commercial refrigeration department, bossed Zenith Radio's wartime production. Charlie Wilson liked his zip, enthusiasm and selling touch. He sent him to Chicago in 1946 as executive vice president of a G.E. subsidiary then called Edison General Appliance Co. The company's chief value was its brand name, Hotpoint, first nationally advertised appliance...
...from his plans to expand RCA into new territory. He is already itching to put RCA into the electric-appliance business, NBC into the movie business (to make films for television), and is planning a "pay-as-you-hear" TV system which would not depend on telephones as does Zenith Radio Corp.'s system (TIME, June 4). Above all, he is confident that the vast sums he has poured into research will continue to pay off with more spectacular advances than even his color television tube...
...taxes, which have shot up much faster than excise taxes. Under the proposed new bill, said he, direct income taxes taken altogether would constitute "83% of net budgeted receipts compared with 78% last year and 50% in 1939 . . . Under this new 'fair deal' ... a man reaches the zenith of his financial success in life when he can retain $23,502.50 out of an $80,000 income. After that he can keep a nickel out of every dollar." The National Association of Manufacturers also plumped for a sales tax (of some 20%), but applied at the manufacturers...
...subscription TV systems work on the same principle: broadcasting shows which appear as bewildering blurs on the screen unless the subscriber pays to have the image unscrambled. The three main methods: 1) Zenith's Phonevision, . .which pipes the unscrambling signal over telephone lines, with the charges going on monthly telephone bills (TIME, June 4); 2) Skiatron, which equips TV receivers with built-in "decoders" that are operated by special plastic cards; 3) Telemeter, which attaches a coin-in-the-slot gadget directly...