Word: entrepreneurs
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...these entrepreneur-preachers have been hit hard, at least temporarily, by the PTL scandal. Swaggart says that in April and May he ran a $3 million deficit; the June gap was a little over $1 million. In June, Robertson's CBN reported $12 million in lost revenues for the three-month period ending in May and projects a $21 million shortfall through next March. The Roberts organization has admitted that monthly donations to the ministry dipped from $4.5 million to about $3 million in April and May. Falwell has reported a $4 million deficit in the wake of the scandals...
...week's end it was clear that the star had fallen. The surprise was particularly rude in Los Angeles, where Minkow had won some influential admirers -- including Mayor Tom Bradley -- for his community involvement. The entrepreneur coached a local softball team, campaigned against alcohol abuse and spoke out against the use of drugs. Indeed, the charge of drug-money laundering was especially strange, since he had asked his employees to take drug tests and adopted the motto "My act is clean, how's yours...
...wrong, which is pretty grand. In Louisiana, a Vietnamese schoolgirl, no bigger than a pencil sharpened to a nub, had no larger scheme than to publish a newspaper for the "out crowd" at her Louisiana high school, but she ran afoul of her principal nonetheless. In California, a black entrepreneur who sports a thick thatch of provocative dreadlocks and enjoys late-night strolls, even in white neighborhoods, didn't particularly care for being stopped 15 times for vagrancy. He felt that his looks, race and whereabouts were what had invited police inquiry and that these things added up to undue...
...journalists of another age called the "little people." Forty years ago, Joseph Mitchell, the New Yorker writer, bridled at this condescension: "They are as big as you are, whoever you are." With that in mind, herewith the cases of the guitarist, Carew-Reid; the student, Cat Nguyen; and the entrepreneur, Edward Lawson...
...impetus for the proposed merger came from Fred Currey, a Dallas entrepreneur who bought Greyhound Lines from the Phoenix-based Greyhound Corp. in March. Soon after the purchase, Currey, who had been chief executive of Trailways during the 1970s, began negotiations to acquire his old firm as well. He hopes that the Interstate Commerce Commission will approve the merger on the ground that struggling Trailways might otherwise go out of business. To help gain support for the deal, Currey pledged last week that Greyhound would not abandon some 400 towns, including Albany, Ga., and Fort Polk, La., that...