Word: entrepreneur
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Dates: during 1970-1979
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...universally recognized as the capital of capitalism, the land of free markets and the home of resourceful entrepreneurs. More than any other country, it has been known for leaving an entrepreneur free to decide prices for his products and set wages for his workers, free to grow and prosper-and free to go bankrupt if he failed. Historically, the U.S. Government has often done much to strengthen those twin pillars of free enterprise, private ownership and unfettered competition. Americans have grown so accustomed to living under free enterprise that they rarely even think in terms of class struggles, expropriation...
...occasion is the world premier of Dealing, a movie based on a book by Michael Crichton '65--Harvard's second-most-successful pulp author--concerning, fittingly enough, a slick young Harvard entrepreneur who pays his club dues by engaging in Cambridge drug traffic. ("Financing Higher Education through Student Enterprise," as they say.) Sack Theatres, the Boston outlet for this creation, decided that a real-life Harvard tie-in would be just the thing, so they wrote to the President offering to make the premier a Harvard benefit. But the idea of the University affiliating itself with a business venture concerning...
Recognizing the inefficiency of this "transshipment," a New York entrepreneur named Robert P. Davis has come up with a better plan. His Energy Corp. of America has spent $200,000 to design an enormous shallow-draft ship, which he calls the "ecology tanker." If built as planned, it will look almost roly-poly-890 ft. long, 170 ft. wide, but drawing only 39 ft. fully loaded. At this draft, it can slide easily into most major ports, while still carrying 800,000 bbl. of oil. Much more maneuverable in narrow channels than the monster tankers (thanks to powerful "thruster" propellers...
Profiting from Failure. One budding entrepreneur, Ed McBirney, 19, rents $68.94 refrigerators to students for $25 per semester. All his receipts go toward paying off his 100 refrigerators but he profits in a nonfinancial way: 75 customers are datable women. Students also lease trailer-borne marquees to Dallas stores, or design football bumper stickers and sell them to alumni. Some enterprises die aborning. Jerry White, 26, devised a plastic sheathing to protect telephone poles from woodpeckers but found it too expensive to produce. Other students are still gamely trying to develop a drown-proof infant bathtub, a self-testing...
There are three things that every Englishman seems to have: a pet, an umbrella and a Lew Grade story. As Britain's most prominent show-business entrepreneur, jowly, Goldwynesque Lew Grade enjoys a following that is not so much doting as anecdoting. His custom-made, 7¾-in. Cuban cigars are an indispensable prop of cartoonists. His multimillion-dollar deals get him lampooned as "Low Greed" in the satirical magazine Private Eye. He even has his own favorite story about himself. It concerns a little girl who asked him if he knew what two and two make. "Buying...