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...make love not war--in 1973, to be exact--only two-thirds of twentysomethings polled by Yankelovich agreed that "competition encourages excellence." Today 82% of their counterparts say, "I like to compete: it makes me perform better." The recent surge of extreme sports--from bungee jumping to sky surfing--is no accident. The hip slogan of the Gen X T shirt? NO FEAR. Indeed, adversity, far from discouraging youths, has given them a harder, even ruthless edge. Most believe "I have to take what I can get in this world because no one is going to give me anything...

Author: /time Magazine | Title: Great Xpectations of So-Called Slackers | 6/9/1997 | See Source »

...their courses in entrepreneurialism. A recent University of Michigan study found that 25-to-34-year-olds are trying to start businesses at three times the rate of 35-to-55-year-olds. "Having your own business means not worrying about what some head guy in Dallas thinks," says Sky Eacrett, a Redlands, Calif., tile-store manager who dreams of striking out on his own. "No matter how much money you make for them, you are still just an x. And you can be x-ed off. With my own business, I could come in at 7 a.m. and leave...

Author: /time Magazine | Title: Great Xpectations of So-Called Slackers | 6/9/1997 | See Source »

...couple nights ago, I joined a group of about 10 fellow graduating seniors sitting in the Eliot courtyard beneath the starry sky. The mix of celebratory alcohol, cigar smoke and nostalgia wafted through the air as a midnight breeze swirled around gently. It was a moment I'll remember forever, one of those priceless gatherings of community. There aren't enough of them at Harvard...

Author: By Christopher R. Mcfadden, | Title: Harvard Degrees and Life Mysteries | 6/5/1997 | See Source »

Network programming chiefs typically are glib, self-assured guys who can rattle on about demographics or development deals even when the sky is falling. ABC Entertainment president Jamie Tarses, by contrast, looked a little battered during an interview last week, taking long, contemplative pauses before answering even seemingly simple questions. There was the weight of the world in those pauses--or, just as burdensome, the weight of a relentless Hollywood lobbying campaign against her, a stream of rumors that after a season of dismal ratings, she'll soon...

Author: /time Magazine | Title: TELEVISION: WILL JAMIE GET WITH THE PROGRAM? | 6/2/1997 | See Source »

...going to cut his shareholders' throats. Just how much can the industry afford? Tobacco execs have been mum on the subject. It was the antitobacco side that floated $300 billion, to be paid over 25 years, and even to many of them the amount originally seemed pie-in-the-sky high. Then something interesting happened: tobacco stocks rallied as Wall Street ground down a few hundred pencils figuring out that the entire $300 billion could be funded with a price increase and an additional tax of 50[cents] a pack. Think of the possibilities with a total increase...

Author: /time Magazine | Title: THE $300 BILLION QUESTION | 5/12/1997 | See Source »

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