What do these companies have in common? Yes, they're big companies, they employ a lot of people and they're successful. But here's one more thing--all of these companies were created in a period of economic downturn. The Fortune 500 is littered with stories like this.
Business Beat spoke with Maria Figueroa-Armijos who's one of the authors of a new study which suggests that certain types of entrepreneurs are on the rise and it’s not in spite of the recession--it’s because of it.
Chris Bram is the author of the novel Gods and Monsters.
Gore Vidal was famous for his hates: academia, presidents, whole portions of the American public and, most notably, Truman Capote. Yet he could be incredibly generous to other writer friends. He wrote beautiful, appreciative essays about Tennessee Williams and Dawn Powell.
He was a man of many facets and endless contradictions.
The LUX Dark Matter Detector is installed in the Davis Cavern of the Sanford Lab in South Dakota in March. The water tank measures 24 feet in diameter, is two stories high and will hold 71,600 gallons.
Credit Matt Kapust / AP
Businessman and philanthropist T. Denny Sanford has pledged $70 million to the Sanford Underground Science and Engineering Laboratory. He stands next to a plaque dedicating the 4,850 foot level, where several experiments will be set up, in 2009.
Credit Steve McEnroe / AP
The entrance to the Sanford lab is through the Ross Shaft building of the old Homestake Mine in Lead, S.D.
In Lead, S.D., a steel cage drops almost a mile below ground into the Sanford Underground Laboratory. It's formerly the deepest underground gold mine in North America, and when it closed a decade ago, state officials hoped that an underground science laboratory along with on-site university classes could spur economic development.
Initiatives that would cap payday loan interest rates, raise the Missouri minimum wage, and raise the state's tobacco tax are a step closer to the November ballot, after a Missouri Supreme Court ruling yesterday. The three initiatives were tied up for months in court – one judge struck down the payday petition, ruling the ballot summary was "likely to deceive petition signers." But yesterday, the Missouri Supreme Court upheld all three ballot summaries.