Word: entrepreneurism
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...Local lore has it that a Surat entrepreneur, returning with a boatload of diamond cutters from East Africa, set up the city's polishing industry in 1901. Business picked up in the 1970s, when India began cutting low-quality gemstones and exporting them to the U.S. Although Bombay is the commercial center of India's diamond business, its militant labor unions have increasingly driven the polishers to Surat, where wages for diamond cutters are lower, at $2,500-$3,500 a year, and workers are more pliable. In the past, Surat's diamond industry has been a hot spot...
...just like Gibson, Carmack has an unlikely pet project. The millionaire, 33, is actively competing for the $10 million X Prize, an award to the first private entrepreneur who builds a fully functional rocket that can carry passengers to space. Hey, why not? Mel's dream came true...
...person, and the emphasis is on crafts and sing-alongs rather than after-dark gallivanting. The venture, which targets the estimated 3 million U.S. families headed by gay parents, is being launched and funded by Rosie O'Donnell and her partner Kelli O'Donnell, along with travel entrepreneur Gregg Kaminsky. R Family's mission, says Kelli, is to offer getaways where "everyone is finally welcome...
...customers would probably pour in. "This is the perfect storm for business," he says. "This is an extremely educated country with a lot of money, and you're starting everything from scratch. It's like a land grab." That is, if you live long enough to grab. Being an entrepreneur in Iraq may be among the most terrifying jobs in business today...
...says he heard from colleagues. Several streets in Mansour, where scores of Westerners live, are cordoned off by blast barriers and patrolled by private security guards wielding AK-47s. "Companies are spending a ridiculous amount on security," says Oliver Westmacott, who is in a position to benefit. The British entrepreneur, 28, started a training and risk-analysis security business in Iraq that is proving to be "hugely lucrative...