THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Off to the $pace races

Can prize competitions spur innovation that government bureaucracies can't?

By Ian Garrick Mason
June 20, 2004

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ON FEB. 28, 1927, a 25-year-old airmail pilot, backed by a group of St. Louis businessmen, hired the Ryan Airlines company to build a long-range version of its M-2 single-engined monoplane. Designed and constructed in only two months, and flight-tested over a few days, on May 20 the plane bounced down a muddy Long Island runway and took off. (Full Article: 979 Words)

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