Word: boilers
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...Navy's problem may be the most severe of all: it is short 21,000 experienced petty officers. In particular, the Navy needs good men for key supervisory jobs, such as boiler technician, machinist's mate and aviation bosun's mate. Notes a senior Navy official: "We're hurting for the kind of people we need most: aviators and nuclear-trained officers. They're bright and have had rigorous training. The civilian nuclear industry just gobbles them up, along with other engineering types, as fast as we can manufacture them." Example: last year the Navy had 138 nuclear-qualified petty...
...already paying big bonuses to try to attract and keep the men and women it needs. The Army gives a $3,000 bonus to recruits signing up for infantry or armor; the Navy pays $2,000 extra to those willing to learn nuclear skills or how to be boiler technicians; the Marines offer $2,500 for enlisting in the combat branches. Only the Air Force does not pay such premiums...
Typical bonuses for persons with six years of service who re-enlist for three years: an Army infantryman $2,000 and an atomic demolitions munitions specialist $8,000; a Navy boiler technician $10,000 and a nuclear propulsion specialist $12,000; a Marine microwave-equipment repairman $6,000; an Air Force aircraft sheet metal worker $2,000 and an air traffic controller...
...charges grew out of a four-month investigation by New York and CFTC officials. Scam busters discovered seedy boiler rooms where pitchmen used computer lists to contact unsuspecting pigeons, or potential victims. The salesman, in a follow-up phone call, might then say discreetly, "If you act now, I can squeeze you in on a contract." While most of the contracts have not yet fallen due, investigators allege that brokers in fact do not possess the oil to back up the bogus deals. Eventually, customers would find that the salesmen had either left town or were no longer in business...
Officials concede that the latest court action is unlikely to stop over-the-phone scams. Like some Hydraheaded monster, one get-rich-quick operation is no sooner closed down than another takes its place. Federal and state agents are usually one step behind boiler-room artists ready to sell to a gullible public. Says Attorney General Robert Abrams: "The same types of salesmen who brought us underwater land, worthless uranium stocks and phony gold certificates are in the process of perpetrating on the American public their latest scheme-oil futures contracts." A lawyer with the New York attorney general...