Word: entrepreneurism
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Dates: during 1990-1999
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...Laura Arroyo, 9, a local girl who was abducted and murdered last month. Gawkers began gathering in twos and threes, then in ever larger throngs. One evening last week, an estimated 25,000 assembled amid ice-cream and food vendors, causing a two-mile-long traffic jam. One hustling entrepreneur took over a vacant lot and charged $3 a car for parking...
...after the wettest April and May on record. The giant Deere tractors with their 12-row cultivators left tails of dust as they stirred the baking fields. Ed Scott of Minter City was up at 5 a.m. to tend his eight catfish ponds. If all goes well, the black entrepreneur this year will sell nearly half a million pounds of catfish, the Delta's second biggest crop after cotton. In Arcola, Billy Percy was in a battered pickup as crop dusters in their yellow Air Tractors swooped around him, spraying rice and cotton against unrelenting weevils and thrips...
...here's a free idea for some medical entrepreneur. Give the HMOs snob appeal. Call the thing Executive Health Maintenance. Add a few cheap frills. Change the sales pitch. "Tired of schlepping from doctor's office to doctor's office, waiting around in squalid surroundings, filling out all those forms? Come to Executive Health Maintenance. We'll take care of everything. Not only do we have the best specialists, plus in-house lab tests and pharmacy, all in one convenient location. We have fresh coffee and croissants in the waiting room, as well as a fax machine, current issues...
...company, whose market value is about $8 billion and whose profits last year totaled $1 billion. The state has sold 20.4% of Telmex stock, which represents the majority of voting power, for $1.76 billion. The buyers: a consortium led by Grupo Carso, a Mexico City-based conglomerate headed by entrepreneur Carlos Slim and including Southwestern Bell and France Telecom. But the Federal Communications Commission in Washington is considering regulatory changes that could limit one of Telmex's most lucrative businesses, handling phone calls from the U.S. Salinas is also selling the country's two largest steel mills...
Carr, 60, is a Los Angeles native who pumped gas part time until he was 32, and he has tried hard to make up for lost time. As an insurance entrepreneur he disdained the slow, steady process of writing policies and building reserves through careful investments to cover eventual payouts. Instead he built the company with sizzle and flash, turning in the 1980s to the high- yield junk bonds sold by Drexel Burnham's Michael Milken. Of Executive Life's $10.1 billion in assets, $6.4 billion is junk. Says Henri Bersoux, a spokesman for the American Council of Life Insurance...