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...molecular biology professor from U.C.L.A. and a vice president from Abbott Laboratories near Chicago, raised an astonishing $19 million earlier this year. That was the third largest amount ever given to a venture firm. Although the initial risk and rewards of venture capital belong mostly to the small select club of moneymen, the eventual winner will be the entire U.S. economy. The innovative companies that venture capitalists find and then foster will manufacture new products, provide jobs and increase productivity in the industries of the 21st century. Today's startups, which have names like Hybritech, Thermo Electron and Collasen...
...always afford the huge expenditures necessary to build major construction projects like bridges and highways. Moses set up quasi-public corporations--beginning with the Triborough Bridge Authority--which would sell bonds, build the projects with the funds, and pay the investors back with revenue from tolls. A mayor might select the members of the authority's board of directors, but once the bonds were sold the government could not interfere with construction because of the sanctity of the contract between the bond-holders and the authority...
...most delicate appointments a President makes: whom to trust with the sensitive task of directing the Central Intelligence Agency. Last week President Reagan's selection of William J. Casey, his former campaign manager, to head the CIA came under increasingly serious assault from Republicans on Capitol Hill. After sounding out the Senate Select Committee on Intelligence, which oversees the agency, Assistant Majority Leader Ted Stevens of Alaska said that a bipartisan committee majority wants Casey to quit...
There was a time when Grandmother dispensed advice for getting rid of wrinkles. But in an era of increasing specialization, such simple, homespun arts have become the domain of a select few-to say nothing of newer skills needed to cope with daily life. What, for example, is the difference between a Treasury bond and a Treasury certificate, or a condominium and a cooperative apartment? Whether the subject is glamour or gold, condos or coops, Network for Learning provides the answers, enlisting experts to explain esoterica in layman's language. Says Jeffrey Hollender, 26, executive director of Network...
...bidigital look of things, his typing speed may fall short of Competitors Ann Landers and Dear Abby, but make no mistake about it, Representative Claude Pepper, 80, is really keyed up over his new advice column, syndicated to some 700 newspapers. Since he is also chairman of the House Select Committee on Aging, Congressman Pepper's "Lonely Heart's Club" banter will deal with the concerns of the elderly. But like any columnist worth his salt, Pepper will spice up matters with advice to the lovelorn. Asked one reader: "I am 74 years old, a widower...