Word: engstrom
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Dates: during 1980-1989
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...shrimping industry in the Gulf of Mexico by financing the purchase of dozens of boats. An estimated $10 million in Korean keh (contracts) has financed the purchase of houses, restaurants and small grocery stores in the San Francisco Bay Area. "This is Horatio Alger all over," says David W. Engstrom, a research associate at the University of Chicago who studies immigrant merchants. Thanks to loan clubs, he adds, "most of these people open their businesses in three to four months after arriving here...
...organizer benefits from strong community ties. When a new Chinese immigrant asks to join a hui, for example, "it does not take much effort to establish his life history," says Tom Tai, director of the Chinese Business Association in Queens, N.Y. As a result, notes Chicago's Engstrom, the vast majority of loan clubs prove quite solid. Says he: "No one wants to risk their reputation in the community by refusal...
...like the Anteaters, the Bruins have a water polo program that is good, real good. All-America goalie Lars Engstrom may just be the most celebrated athlete at Brown. He and his teammates have never lost a game on the East Coast...
DIED. Elmer W. Engstrom, 83, chief executive of the RCA Corp. from 1961 to 1968, who during his 39-year career with the company married the skills of an electrical engineer and manager to pioneer in the scientific development of modern electronic communications, including radio, radar, motion-picture sound and, especially, both black-and-white and color television; in Hightstown...