Word: entrepreneur
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...substantial tax cut; the bookie is merely a private entrepreneur trying to survive in competition with state-run betting operations; the loan shark's 20%-a-week bite seems almost reasonable to a businessman who must raise cash fast but cannot qualify for a loan at a bank. Abetting this ethical blind spot are the romanticized accounts of the Mafia in novels and movies. Says Stephen Schiller, executive director of the Chicago crime commission: "The public doesn't realize how bad these people are. The Mob makes for good talk. We have made these bums folk heroes." Adds Ralph Salerno...
Hesburgh's batch of mail touched on the widely contrasting aspects of his life -appealing to the simple pastor as well as to the clerical entrepreneur. There was a letter from Cardinal Franz Koenig of Vienna congratulating Hesburgh on his recent elevation to the chairmanship of the Rockefeller Foundation. A woman friend in terrible emotional trouble begged for help. Teddy Kollek, the mayor of Jerusalem, wanted Hesburgh to fly over and help stop the rapid development of high-rise buildings. There was a hopeful note from the freshman class asking if Hesburgh would attend their formal dance. Another letter...
...Town. But the music social scene is relatively unsophisticated. Close friends are welcome at Ringo's rented Hollywood Hills house between 2 a.m. and 7 a.m., but things of significance are never discussed. "Rock performers don't talk to artists or economists," says Rock Entrepreneur Dave Geffen. "As a group, they are a collection of narcissists in desperate need of a catalyst. A rock performer goes to a friend's house to smoke dope. They listen to each other's music and feel special. The guy goes home telling himself he's had a night...
Died. Alexander L. Guterma, 62, financial wizard who swindled investors out of millions of dollars in the 1950s; along with five members of his family in the crash of his private plane as it approached New York City's La Guardia Airport. An entrepreneur in the Philippines during World War II, he arrived in the U.S. in 1950 and quickly gained control of more than a dozen companies, including a brokerage firm, electronics and real estate interests, and the Mutual Broadcasting System. Guterma was convicted in 1960 of fraud, conspiracy and failing to register as an agent of Dominican...
...policy of the Mayor's Office toward the waterfront has been to attract middle and upper class suburbanites back to the city, both as consumers and residents, in order to firm up Boston's sagging tax base. Bluntly, then, the new Quincy Market is a suburban entrepreneur's answer to the Haymarket that serves the working-class Italian community of the neighboring North End. At Quincy Market, the perfume of flowers, the bursting ripeness of abundance, and cafe-riche cuisine wafts in the air as bankers converse over lunch and the "beautiful people" stock their wicker baskets. The remainder...