Scott Shane

Starting a business is risky. Half of all new businesses fail to experience a fifth anniversary. And everyone knows that you could lose all the money you've invested in your new company and then some. Those are the obvious risks of trying to be an entrepreneur.

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Whatever the reasons, would-be entrepreneurs should be forewarned. Going into business for yourself isn't just risky because your business might fail. It's risky because you might have a harder time getting a job in the future, even if you succeed with your company.

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President Gerald R. Ford was never one for second-guessing, but for many years after leaving office in 1977, he carried in his wallet a scrap of a 1915 Supreme Court ruling. 'A pardon,' the excerpt said, 'carries an imputation of guilt,' and acceptance of a pardon is 'a confession of it.'

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Few dramas in American political history remain more riveting than that of Nixon's exit and Mr. Ford's reaction, at first halting and then decisive, to the looming possibility of a former president on criminal trial for months on end.

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I think the biggest myth entrepreneurs have is that the growth and performance of their startups depends more on their entrepreneurial talent than on the businesses they choose.

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The median startup is a business that's capitalized with about $25,000. The financing of that business comes from the entrepreneur's savings. The business is a retail or personal service business, a hair salon or a clothing store, that kind of thing.

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One thing that in my reporting that I found and was amazed to find was that, as far as I could determine, neither high-level White House officials in the Bush administration nor even the top brass at the CIA even knew the history of water boarding when they approved it.

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I had studied Russian in college. I had gotten into it first through literature and then just really found it kind of fascinating; of course, this was during the Cold War. So they were kind of the other great enemy that you grew up hearing about.

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I have an interest in getting government officials to talk to me about National Security affairs. You know, that's my bread and butter; that's how I make my living.

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Mr. Ford's decision to pardon Richard M. Nixon for any crimes he might have been charged with because of Watergate is seen by many historians as the central event of his 896-day presidency.

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