Word: coded
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Dates: during 1970-1979
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Exchange, who came in as interim chairman. Though Haack describes Lockheed as "a colossus to try to get your arms around," he helped to pare long-term bank debt from $595 million to $425 million. During his tenure, a special review committee of outside directors drafted a severe code of ethical conduct that bars any illegal or off-the-books payments...
Anderson himself raises one thorny problem about Lockheed's new code of conduct. Says he: "One thing that still has to be considered is the question of what advantage this may give to foreign companies" if they are less scrupulous about making under-the-table payments to aircraft buyers. Investors obviously are not worried. Although payment of a dividend is a long way off, Lockheed's stock has about doubled in price this year, to around $ 18 a share...
Scenes from seamy bordellos? Havens for desperate voyeurs? No, these were taxpayer-financed operations of the CIA, which was experimenting with drugs during the 1950s and '60s in a project with the sophomoric code name Midnight Climax. The women, apparently moonlighting prostitutes, were paid $100 for each assignment by the CIA. The operation, conducted by CIA alchemists from 1954 until 1963, was part of a quarter-century hunt for a psychogenic philosophers' stone. The purpose was to discover the secret of brainwashing, to protect U.S. agents and gain control over enemy spies...
Much of the criticism centers on the bar's bible for self-regulation, the Code of Professional Responsibility. In defining a lawyer's duty to his client and the law, the code manages to be vague, rigid, complex and contradictory-all at the same time. "So long as its practitioners are guided by these principles," the code proclaims, "the law will continue to be a noble profession." But Illinois Law Professor Thomas D. Morgan, writing in the Harvard Law Review, found that virtually every section of the code serves lawyers first, protecting them from public criticism and increasing...
...increased police action is likely to thwart computer thieves. Most authorities agree that computer owners must install more elaborate security measures. Says one: "Cracking a computer system's defenses is about as difficult as doing a hard Sunday crossword puzzle." One computer, protected by a five-digit code number, was illegally entered in minutes when the thief ordered the computer to begin trying every one of the 100,000 possible combinations. But tighter security would cost both money and time. Says Robert Courtney of I.B.M. "If you're running thousands of transactions...