Word: entrepreneurism
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...Given Yang's newfound notoriety, he fits the bill. North Korean dictator Kim Jong Il selected the 39-year-old entrepreneur to spearhead an experiment in social and economic engineering in the town of Sinuiju on the border with China. Yang was to be Chief Executive of a free-trade zone with its own laws and elections. The project is meant to lure industry to the destitute communist country, helping it join the modern world and possibly get off U.S. President George W. Bush's hit list. China's close ties to North Korea make Yang's predicament...
...legal code enforced by imported European judges, not Kim's fiats, will regulate the community. Most of the drab, dilapidated buildings that line Sinuiju's quiet streets will be flattened, modern offices and factories built in their place. Pyongyang has even appointed a non-Korean?39-year-old Chinese entrepreneur Yang Bin, reportedly the second-richest man in China?to govern the new zone. Li, after being told that his role in the grand experiment involves packing his things and leaving, says impassively: "We must obey the higher authority of the country...
...Omen A U.S. entrepreneur plans this fall to begin selling to individuals their personal genetic codes on a CD. The information will be nearly useless, critics say, since so much about gene function remains unknown...
...MacGregor, a high-tech entrepreneur, runs NanoMuscle, an Antioch, Calif., company that makes 3-in. motors suitable for everything from power windows to dolls with nuanced facial expressions. "I like to be on the wave of the next insanely great thing," he says. His motors work because the alloy nitinol can assume different shapes as its temperature fluctuates. An electrical current causes a nitinol wire in the device to shorten, allowing the linear motor to contract like a human muscle but at 1,000 times the strength. That's a simple task but an important one, and one MacGregor believes...
Like MacGregor, Greg Schmergel is a serial entrepreneur. If his company, Nantero, in Woburn, Mass., is successful, it will eventually add about five minutes to everyone's day. The company wants to build an "instant-on" computer that doesn't need to boot...