Word: accountability
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Dates: during 1980-1989
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...Noose of Laurels is a fascinating account of what might be called the psychopathology of exploration. It presents not just the evidence of its subjects' misdeeds -- or nondeeds -- but the details of two extraordinary lives. Despite his claims, Cook never really tried to reach the North Pole. In 1908 he simply set up a camp with two Eskimo boys near the shore of the Arctic Ocean, stayed there for a number of days, then returned home and announced success. Peary tried repeatedly, with all his energy, and in 1909, at the age of 53, nearly made it. But the speeds...
...tremendous buildup of business debt during the long expansion leaves the economy even more exposed to the effects of a recession. Since late 1982, corporate debt has more than doubled, from $1.1 trillion to $2.2 trillion. Investors in junk bonds, the high-yield securities that account for $225 billion in debt, could be among the first to feel the pinch. According to a study conducted for a group of junk-bond issuers by the economic consulting firm Data Resources, 1 out of every 8 will default if the economy falls into a soft landing. A major recession could produce...
...account of the Challenger investigation, Nobel Laureate Richard P. Feynman described a curious battle that occurred as the presidential commission was compiling its final report. The commission agreed on nine recommendations to the president, but the chair, William P. Rogers, decided to add a tenth, praising NASA and urging continued government support. His motive? To add balance to the report's generally critical findings...
...corruption case unfolded with suspicious speed. Ochoa and six other military and Interior Ministry officials were arrested in early June. Ten days later, the Communist Party daily Granma gave a stunningly detailed account, , accusing the seven men of pocketing $3.4 million for helping Colombia's infamous Medellin cartel transport six tons of cocaine to Florida. By the time Ochoa's hearing was convened two weeks later with all the haste and splash of the ongoing scapegoat trials in China, it was a foregone conclusion that this popular and much decorated military officer would be found guilty. Ochoa's court-martial...
This dramatic account added one more layer of controversy to a case that has troubled the intelligence community for two years. But as with Bracy's confession, Government investigators have nothing to substantiate it. In yet another twist to the controversy, a highly classified intelligence-community assessment that circulated in the Government several months ago concluded that there is no credible evidence that the Moscow code room was penetrated. Perhaps only the KGB will ever know for sure. But on the basis of more than 60 interviews with diplomatic, intelligence and military officials, including many of those involved...