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...disturbing revelation. In testimony last month before a House subcommittee investigating mismanagement at the Environmental Protection Agency, Midwest Regional Director Valdas Adamkus accused John Hernandez, EPA's acting administrator until he resigned last month, of allowing Dow Chemical Co. to censor the agency's 1981 draft report on dioxin contamination in Michigan, including two rivers and a bay near Dow's Midland plant. Particularly alarming to Adamkus was the deletion of one of the draft's conclusions that "Dow's discharge represented the major source, if not the only source, of [dioxin] contamination...
...seems, Adamkus may have the last word. The preliminary findings of a new EPA study of the site, released last week by the agency's Midwest office, indicate that more than 40 toxic chemicals, among them the most dangerous form of dioxin, are being released by Dow into the Tittabawassee River. The report estimates that there are up to 35 lbs. of toxic organic pollutants in the approximately 61.4 million gal. of waste water Dow discharges daily...
...least one reporting assignment actually threatened his education, recalled James K. Glassman '69, a former managing editor at The Crimson, Caught up in the momentum of a massive protest of Dow Chemical in the spring of 1968, Short and Glassman were arrested and faded suspension from Harvard. But than Dean of the College Fred L. Glimp '50 agreed to let them continue if they would drop their names from The Crimson's masthead for six months, Glassman said...
...stock market began its rebound last August, when the Dow Jones industrial average started its record-breaking climb from 776 to over 1100. At the time, many economists were still gloomy, and unemployment, at 9.9%, was so high that the excitement on Wall Street seemed almost unseemly. But the simple fact, as this chart shows, is that the market is terrific at predicting the end of recessions...
...Dow has not been nearly as clever at predicting recessions. Sell-offs in 1962, 1966 and 1976 looked ominous, but the economy held up. Says Biggs: "The adage is that the market has predicted nine of the last five recessions...