Word: crackdowns
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Dates: during 1980-1989
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...numbers in company records for accuracy, and describes his findings in a letter that becomes part of the annual report. The Security and Exchange Commission last week accused Price Waterhouse, one of the nation's oldest and most prestigious auditors, of not doing its job. As part of a crackdown on financial fraud, the agency charged that the company had winked at errors in the 1980 financial statements of AM International, a maker of copiers and other graphics equipment. AM entered bankruptcy proceedings in 1982 and was reorganized and emerged in 1984. It earned $67 million in its most recent...
...penalty, one of the toughest ever for embezzlement, is part of a federal crackdown on white-collar crime. Said Judge Thomas: "The fact that you used multiple frauds to obtain millions from your own banks warrants a sentence comparable to one that would be imposed on a person who uses violence to obtain a far smaller amount of money from one of your banks...
...case against GE is part of a crackdown on defense contractors who, according to critics, have made overcharging the Government practically their standard operating procedure. The Pentagon has revealed that 45 of the 100 largest military suppliers are now under criminal investigation. That makes it probable that GE's guilty plea will be the first of many...
Soviet citizens barely had time last week to react to rare television footage of General Secretary Mikhail Gorbachev mingling with people on the streets of Leningrad, trading one-liners and urging greater work discipline, when they were asked to digest another, more jarring piece of news: a sweeping crackdown on a national pastime -- drinking. The decree raises the drinking age from 18 to 21, delays the daily opening of liquor stores by three hours, calls for a gradual cut in vodka production and an eventual ban on port, which the Soviets consume in huge quantities. The measure also prescribes harsh...
...crackdown hardly came as a surprise. In recent months the Soviet press has been railing against alcohol abuse and condemning the country's passion for vodka, or, as Soviets often call it, the green serpent, for the creature it can evoke. Excessive drinking is described as the leading cause of divorce, violent crime and accidental death. Soviet statistics also suggest that alcohol abuse is the main reason that male life expectancy, which is on the rise in all other industrialized nations, has dropped from 67 years to 62 over the past 20 years. Says a Western diplomat based in Moscow...