Word: badness
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Dates: during 1980-1989
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Auchter insists that his agency's job "is not to issue fines; it's to reduce injury and illness." He concedes that there may be fewer inspections but explains that his inspectors are concentrating on those companies with bad safety records. Overall, Auchter insists, OSHA is achieving "more with less." Indeed, workplace injury and illness rates are down slightly under the Reagan Administration, though critics attribute the decline to high joblessness during the recession...
...trying too often to abdicate rather than carefully define its regulatory role, the Administration has given deregulation a bad name. That is unfortunate, because the thicket of Government regulation does indeed need thinning. Even pro-regulation activists concede that there are many outdated or overly stringent rules on the books. But the Reagan Administration's uneven approach has made regulatory reform a political danger zone, to be avoided at least until after the 1984 elections. Concedes a senior White House aide: "Deregulation doesn't have the same priority for us it used to have. The political dividend aren...
...reported a second-quarter loss of $109.3 million. Many banks are now teetering on the brink of collapse. At the end of July, the Federal Deposit Insurance Corporation listed 540 "problem" banks, ranging from small state-chartered ones with too many weak agricultural loans to nationally chartered banks with bad business loans. Among the 540, the FDIC secretly lists dozens as likely to fail unless they are soon merged with healthier financial institutions. Says John Downey, chief national bank examiner for the Comptroller of the Currency: "The number is the highest I've ever seen...
...after business hours on Friday and freeze accounts. By the following Monday, they have either paid off the depositors or allowed another bank to assume control. But such transitions are not without cost. The FDIC spent $870 million last year, mostly to compensate private financial institutions for taking over bad loans. Moreover, bank shareholders can see their investments vanish when the financial institution goes under...
...revival of the plan, and the Soviets are saying they would "discuss" it. Their half of the discussion is likely to be another nyet, but there is only one way to find out. A firm Soviet rejection of a formal American walk-in-the-woods proposal would be bad news for the negotiations but might help bolster support for deployment...