Word: foundered
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Dates: during 1980-1989
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...Lane Kirkland, a Democrat who holds generally conservative foreign policy views but whose sensitivity to human rights has been accented by the murder of two labor representatives in El Salvador; National Federation of Independent Business President Wilson Johnson, a moderately conservative Republican from San Mateo, Calif.; and Project HOPE Founder and President William Walsh, who is noted for his health care work in underdeveloped countries...
...world must begin to perceive what the Japanese perceive. And the Japanese must reciprocate. The global economy cannot run on so many cultural subjectivities. Japan has become too powerful and too crucially interconnected in the world to be so little understood, or so little understanding. Akio Morita, the co-founder of Sony, likes to tell his employees that the company is a "fate-sharing vessel." They are all in the same boat. The Japanese for most of their history have thought of their islands as the fate-sharing vessel. The definition of the boat must now be expanded. It must...
...early 1960s, MITI tried to persuade the then ten Japanese automakers to merge into two companies: Toyota and Nissan. Only one complied, joining Nissan. Later in the decade, MITI wanted to keep Honda, the motorcycle firm, out of the auto business But Soichiro Honda, the company's legendary founder, who was known as Old Man Thunder, defied the government, brought out his minicars and built the firm into Japan's third largest auto manufacturer behind Toyota and Nissan. In industries that are growing, MITI has been unable to curb competition. "It's a free-for-all," says...
That may seem like an unusual business credo, but it has apparently worked for Ted Badgerow, 32, the president and co-founder of Real Ale, a tiny brewery that opened last September near Ann Arbor, Mich. He plans to produce about 600 bbl. this year. Badgerow, a former cook, is one of a growing number of proprietors of so-called microbreweries, which specialize in richer and more flavorful suds than the typical American beer. Such breweries have been winning intense local followings wherever they appear. "The micros are a response to the demand for more elegant beer that sprang...
...more akin to imported German or English brews than to Budweiser Miller or other light, pale lager beers. The alcoholic content can range as high as 7% compared with less than 5% for most major domestic brands. "Our beer is richer, heavier, hoppier," says William Newman, 36, the founder of Wm. S. Newman Brewing (1982 sales: $103,000) in Albany. "There's simply a market out there for more distinctive beer." Some beer drinkers agree. Says Terry Czech, a roofer who lives in Schenectady, N.Y.: "I've gone several miles for a glass of Newman...