Word: boston
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Dates: during 1970-1979
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...near freezing day in Boston, Nick Deane, 35, sees his dream in jeopardy. Two years ago, for $265,000, the novice developer had bought an incomparable old factory building for conversion into 21 condominium apartments and several offices. The 19th century structure, designated a historical landmark because it has one of the oldest cast-iron facades in the Northeast, commands spectacular views of Boston. Every unit in the planned conversion was sold before Deane went to the bank for his building loan. With 10% up front from every investor in the building and all the cash he could pull together...
...Albuquerque, San Diego, and then back to the White House for a two-hour weekend phone-in that was broadcast by National Public Radio. Back in the capital barely long enough to refuel Air Force One, he will be off politicking again this week-in Kansas City, Chicago and Boston...
...will Arthur Schlesinger Jr., McGeorge Bundy, Pierre Salinger and about 6,000 other folks touched by the spirit of Camelot during the reign of J.F.K. With so many luminaries expected, an invitation to Saturday's dedication of the John F. Kennedy Library has become the hottest ticket in Boston since the 1978 playoff between the Red Sox and the Yankees in Fenway Park. The present President, Jimmy Carter, was invited, but ex-Presidents Gerald Ford and Richard Nixon were not. That was the decision of the Kennedy sisters-Eunice Shriver, Patricia Lawford and Jean Smith; they outvoted Brother...
Some entrepreneurs also complain that corporate giants are indifferent to small projects. Harris J. Bixler, president of Boston's Avco Everett Research Laboratory, contends that new products that promise tidy but unextravagant revenues go unsupported by Big Business even though the initial investment might be low. Says he: "Large companies could care less about the guy who has a $100,000 idea. They'd lose that in the paper-clip account." Such technological triumphs as Xerography and Polaroid film were developed by small innovator-entrepreneurs only after larger firms turned down the ideas...
There are a few bright spots in the otherwise gloomy innovation picture. Last year's reduction in the capital gains tax from 49% to 28% resulted in a flood of new money looking for risky but promising investments. Boston's Route 128 complex of small, high-technology firms and California's Silicon Valley are awash with funds...