How Entrepreneurs Overcome Obstacles
Ready to test the first "horseless carriage" on this day in 1896, Henry Ford realized the door of his Detroit workshed was too small. He knocked out some bricks, then took his Quadricycle to the streets. The gas-powered buggy, which sat atop bicycle wheels, proved a success; the workshed fared less well.
A Guru's Take On Global Markets
Clotaire Rapaille, who applies a mix of psychology, anthropology, and sociology to understand consumer behavior (esoteric, yes, but he helped Chrysler create the PT Cruiser), unveils his new book, The Culture Code (Broadway Books, $25).
Concert Season Starts
June is a great time to see live music. Toronto's North by Northeast festival, featuring modern rock and alternative music, starts today. You should also check out these events: the opera, jazz, and classical music festival Spoleto in Charleston, S.C. (today through June 11); the Telluride Bluegrass Festival (June 15—18); Jazz Aspen Snowmass (June 22—25); and Milwaukee's Summerfest, featuring everyone from Alan Jackson to Mary J. Blige (June 29—July 9).
I Got the Horse Right Here
The Triple Crown wraps up with today's Belmont Stakes. Impress your racetrack buddies by talking up Richard H. Thaler's The Winner's Curse (Princeton University Press, $25), which uses horseracing, among other examples, to explain "irrational" economic behavior.
Finally, a Tax Deadline
The second portion of 2006 estimated tax is due for some corporations.