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Shaky Ventures. The IRS got involved because it is empowered to cancel a pension fund's tax exemption if trustees have misused the fund's assets to the detriment of pensioners. Over the years, the Teamsters' fund has been accused constantly of doing exactly that. Since its inception in 1955, the fund has been notorious for making large loans to shaky business ventures, many of them controlled by Mafia chieftains who are cozy with Teamster bosses. Investigators from time to time have turned up instances of kickbacks to union officials or underworld figures for arranging loans...

Author: /time Magazine | Title: Business: Fund Under the Gun | 7/12/1976 | See Source »

...extolls the world free market. Yet there is no free market; monopolistic multinational corporations control international trade in manufacturing, charging inflated prices and thus adding to their profit margins. Third world producers of food and raw materials have heretofore engaged in competition with each other to their detriment, over-producing and lowering prices for their goods. In the 20 years between 1952 and 1972, the UN reports, prices of primary commodities (mainly from the underdeveloped countries) declined relative to manufactured products (mainly from the developed nations). A large proportion of third world countries have thus increased their production as much...

Author: NO WRITER ATTRIBUTED | Title: Ideologue of the Reaction | 5/20/1976 | See Source »

...felt he had taken the Sunday department about as far as he could without the resources of the news department," says one daily editor. One of Frankel's own editors agreed that the two sides of the paper were isolated to the detriment of both, that a separate Sunday department "had all the usefulness of rumble seats...

Author: /time Magazine | Title: The Press: Changes at the Times | 4/19/1976 | See Source »

...Capitol Hill provide politicians added public exposure--at the public's expense. "Mass mailings do more to promote the re-election of a senator than merely to communicate," Common Cause attorney Ken Guido said in an interview last month. "Every time a newsletter is mailed, it serves as a detriment to any potential political challenger. It's pure promotion...

Author: By Richard H.P. Sia, | Title: Senators Don't Write Home As They Once Did | 4/14/1976 | See Source »

Nondiscrimination requires the elimination of all existing discriminatory conditions, whether purposeful or inadvertent. It requires that a university contractor carefully and systematically examine all of its employment policies to be sure that they do not, if implemented as stated, operate to the detriment of any persons on grounds of race, color, religion, sex, or national origin. The contractor must also ensure that the practices of those responsible in matters of employment, including all supervisors, are nondiscriminatory...

Author: By William Fletcher, | Title: Affirmative Action at Harvard | 2/24/1976 | See Source »

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