Speedcoding...that's seems like a relative term.
It's entertaining to think of IBM programmers as naive. The thought that you could create a language that would "eliminate coding errors and the debugging process" is quite funny, even more so because they included so little error checking in the original FORTRAN compiler. They also mentioned FORTRAN being the linga franca of the programming world, which I can believe since the program they showed was easy to understand.
LISP = list processing, not E2R (easy to read)
ALGOL 60 = E2R
COBOL = not E2R
BASIC = somewhat understandable but INCREDIBLY CLUTTERED
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