Word: entrepreneurism
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Dates: during 1960-1969
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Scion of a wealthy landed Maryland family. Bruce led a Princeton campus revolt against the snobbish eating clubs, enlisted in World War I as a private, later won election to the Maryland assembly from a Jewish slum district, rolled up millions as a broker and entrepreneur (oil, race tracks, distilleries, newspapers), in World War II became chief of espionage and sabotage in Europe for the Office of Strategic Services, won military decorations from seven countries. As a postwar diplomat, lifetime Democrat Bruce helped to forge the Schuman Plan and European Defense Community. Last week the British could scarcely conceal their...
...personal fortune of some $75 million, he got up $18 million to buy a controlling interest in Jack Knight's Daily News in 1959, selling off the Field Enterprises' Sunday supplement, Parade, for $12 million and floating a bank loan, like any other less lavishly capitalized entrepreneur. He no longer agonizes over decisions: "The policies of the papers are my policies," says he firmly. While his editorial writers may smile on an occasional Democrat, his papers reflect his own progressive Republican tastes, not his father's somewhat vague liberalism...
Despite the Shah's best intentions, a shocking percentage of Iran's economic-development money turns into "fruit'' distributed at every level of officialdom. One foreign entrepreneur, after striking a bargain for some surplus airplane parts originally given to the Iranian Air Force by the U.S., resignedly paid off the colonels concerned only to have his loaded trucks held up at the gate by a young captain of the guard who inquired with pointed effect, "Don't you think captains are as good as colonels?" "They aren't even subtle about it," says...
Pioneer Republic. Built at a cost of $65 million by 47-year-old Chicago Entrepreneur Peter De Met, who owns a chain of bowling alleys and produces such TV shows as Championship Bowling and All-Star Golf, Freedomland has a 10,000-car parking lot (50?), expects 85,000 visitors on good days, an average of 37,000 (v. 60,000 tops at Disneyland). Many of the park's features are undisguised advertisements : ye olde brewery is built and operated by Schaefer beer; Elsie the Borden cow is the most conspicuous resident of a Midwestern farm; the Bank...
...material in quiet, well-scrubbed Midwestern inflections that keep things from toppling over the brink of sanity. As a driving instructor, he maintains classroom calm while he sits in the front seat of a car with a lady who goes 75 in her driveway. As an eager 1904 entrepreneur, he tries to start transcontinental passenger service at once by putting a toilet on the Wright brothers' plane. As a stiff-lipped submarine commander, he tells the crew: "I think our firing on Miami Beach can best be termed ill-timed...