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1958 to $6.1 billion in 1965. "R&D" now employs more people than banking. Competition constantly intensifies. Many major companies can trace 20 to 60 per cent of their current profits to products which had not been available 30 years ago. Each year, 27,000 new products enter the American market (of which 80 per cent fail at a loss of $3 billion).

Higher education is expanding under forced draft. The number of bachelor's degrees granted by American colleges and universities has increased seven times faster than the population wince 1900-and the number of doctorates eleven times faster.

Medical science matches the pace of progress in every area. The American life expectancy, 45 years when Kettering was born, is now 70 years. New breakthroughs are visibly at hand.

Both here and abroad, the "knowledge explosion" gathers new force daily. This poses a staggering problem in communications. How can we harness this rising tide of scientific and technological information?

How can we maintain understanding among the many disciplines of science and among the specialties within the specialties?

True, the future is ours to make. But our success will depend on our ability to translate knowledge into reality as we move deeper into an era of potentially infinite progress. Charles F. Kettering expressed the spirit of modern progress; never satisfied with the present, always looking ahead, thinking and marching boldly into the future. In the same

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