Word: renting
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Deng's reforms abolished the communes and replaced them with a contract system. Though the state continues to own all land, it leases plots, mostly to individual families. Rent is paid by delivery of a set quantity of rice, wheat or whatever to the state at a fixed price. But once that obligation is met, families can grow anything else they wish and sell it in free markets for whatever price they can get (though the state does set limits on how much some prices can fluctuate...
Today's heady success is only the beginning, according to Burr. Says he: "In five years, People Express will be a worldwide transportation company, carrying people and freight, and packaging hotels and rent-a-cars, the works." Some skeptics, though, think that People could instead end up like Laker Airways, the cut-rate transatlantic carrier that expanded too fast and went bankrupt...
Just when you thought it was safe to rent a DVD, what pops its snout up? Jaws, back again, in a spiffed-up digital package. But before and after the toothy one terrorized beach swimmers, sea monsters cued the aquaphobia of many a movie fan. Here's a scary half-dozen...
Chino went outside to smoke a joint. As he looked out over the roofs of the low-rent housing, his brow furrowed. "Sometimes I think I could have finished school and gone to college, but then I think, No--if I did it over again, I would be more careful, try not to get busted, make more money from drugs but have more organization. That's what I learned in prison." He has thought about getting a job, but the tattoos on his neck and face are an instant red flag to potential employers. "It's hard to change...
...hordes of aspiring artists who congregated there. Charming, garrulous and quick to make friends, he might have invited you to his tiny apartment and offered you one of his paintings for a few hundred dollars. He might even have confided that he desperately needed the money to pay the rent. If you stumped up the cash and took the painting home, you're one lucky investor. Works by Fernando Botero from that period are worth about $500,000 these days. "I sold my paintings myself to friends," Botero says. "They would come over after dinner. I was broke." Talk about...