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When calculating the entrepreneurial risk involved, people often get the math wrong. Take starting a business, for example. Some might say Scott Cook, co-founder of Intuit, took a huge risk when he left a successful career at Bain & Co. to help start the company. But Cook figured otherwise. "The worst thing that could happen to me is that I would spend a few years paying off credit-card debt. To me, it looked like a risk-free decision," he said...

Author: /time Magazine | Title: Myth of the Fearless Entrepreneur | 5/22/2008 | See Source »

...Like Cook, most people who start businesses don't take big risks because they don't have a lot to risk when they're getting started. Consider the history of the U.S.'s fastest-growing firms: 73% of them were started with less than $100,000 in capital. That's clearly in Cook's "go back to work, and pay off the credit card" range. And contrary to what most people imagine, most new businesses are not started with risky, new-to-the-world ideas like those of eBay and Google, which promise to transform the way we buy things...

Author: /time Magazine | Title: Myth of the Fearless Entrepreneur | 5/22/2008 | See Source »

...production to Hong Kong decades earlier. Only in the mid-1990s did a new generation of filmmakers - taking advantage of new technology and lower production costs - take up cameras again. Among them was Eric Khoo, whose 1995 debut Mee Pok Man told of the tormented relationship between a noodle cook and a prostitute, and inaugurated a new wave of films that have pleasantly surprised audiences and critics alike. These days, Singaporean film relishes the themes of alienation, sexuality and dysfunctionality, challenging viewers to see beyond the city-state's straitlaced stereotypes, and exploiting to the full a more relaxed attitude...

Author: /time Magazine | Title: Singapore Redux | 5/15/2008 | See Source »

...chance. There’s a ceiling and she can never rise above that.” Where’s this ceiling to be found when Syesha’s in the top three while early favorites like Jason Castro, Brooke White, Carly Smithson, Kristy Lee Cook, and Michael Johns watch tonight’s performances from their living rooms...

Author: By Ryder B. Kessler | Title: Lessons Syesha Taught Me | 5/12/2008 | See Source »

...Fast-forward six years, to the courtroom of Vincent M. Gaughan, a Cook County circuit court judge known for his prickly demeanor. Gaughan barred attorneys and nearly all court personnel from discussing even basic details about the case. He regularly closed pre-trial hearings and refused to release the transcripts. Gaughan's essential goal, according to one of his orders: "To preserve the dignity of the court and the integrity of the proceedings." That's an especially powerful, ironic argument, given widespread concern that Kelly is receiving preferential treatment because of his celebrity status. Ronald Allen, a Northwestern University professor...

Author: /time Magazine | Title: Will R. Kelly Finally Go on Trial? | 5/7/2008 | See Source »

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