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Word: edisonizing (lookup in dictionary) (lookup stats)
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...Keller -- two smart, practical fellows who cared about the environment -- could develop a process to burn coal cleaner and at a price that was competitive with Middle East oil, they could help fill a national need and win themselves a place alongside great American inventor-entrepreneurs like Thomas Edison, Henry Ford, Alexander Graham Bell and Thomas Watson. And maybe strike it rich in the bargain. After all, that's the American Dream...

Author: /time Magazine | Title: Chasing the American Dream | 7/6/1992 | See Source »

...American Dream is not so easy to achieve these days. In the century since Edison, Ford, Bell and Watson turned simple ideas into products and technologies that transformed society, entrepreneurship in America has become more complicated, less nimble. In capitalism's grand struggle between risk and reward, the forces of caution and liability have subtly, sadly, gained the upper hand. It is not enough just to have a good idea. These days one must know the intricacies of corporate finance, government regulation, patent protection, pricing strategy and sophisticated marketing. And even then, in the utility industry anyway, resistance to change...

Author: /time Magazine | Title: Chasing the American Dream | 7/6/1992 | See Source »

...watt incandescent bulb costs 75 cents and burns as long as 250 days. With a standard bulb, only 5% of the electricity is converted to light -- the rest is wasted away as heat. "Until now there has been no substantial improvement in lighting since the time of Thomas Edison," boasts Intersource president Pierre Villere...

Author: /time Magazine | Title: Shine On, and On . . . | 6/15/1992 | See Source »

...Campus as Yale's class of 1992 tossed their tassels and bounded off to bright futures. Only later did they learn that President Benno Schmidt would be bounding along right after them. In a surprise announcement, Schmidt resigned his post after six troubled years to lead the Edison Project, Christopher Whittle's bold $2.5 billion effort to build 1,000 for-profit schools...

Author: /time Magazine | Title: Goodbye, Eli | 6/8/1992 | See Source »

...plan, called the Edison Project, envisions a nationwide chain of at least 100 for-profit grammar schools by 1996, serving 150,000 students. By the end of this decade, additional campuses would open, providing day care and primary and secondary education for 2 million students. Tuition for individual students would not exceed the $5,500 current average spent on each child now in public education...

Author: /time Magazine | Title: Knowledge for Sale | 6/8/1992 | See Source »

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