Word: engman
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...excesses are acknowledged by many of the regulators themselves. In a speech in Detroit last week, Federal Trade Commission Chairman Lewis Engman, 38, a Nixon appointee, sounded almost like an echo of Consumerist Ralph Nader, whose Center for the Study of Responsive Law has just published a massive 950-page citizens' guidebook to the "bureaucratic labyrinths" of the federal regulatory system...
...Said Engman: "Most regulated industries have become federal protectorates, living in a cozy world of cost-plus, safely protected from the ugly specters of competition, efficiency and innovation." Estimating that such protection adds $16 billion a year to the nation's transportation bill alone, Engman added: "Our system of hidden regulatory subsidies makes welfare fraud look like petty larceny...
...Lewis A. Engman, 38, was expected to be an obedient errand boy when he was named last year to head the Federal Trade Commission, which the Nixon Administration felt had become a bit too aggressive. But the Harvard lawyer has shown a broad streak of independence. For starters, he filed an antitrust suit against Exxon and seven other major oil companies who both produce and distribute oil. With Ralph Nader as ally and Budget Director Roy Ash as adversary, Engman has been fighting to require more detailed financial reporting from major U.S. corporations. Recently he attacked TV ads aimed...
...interchanging reality and fantasy must surely be one of the fundamental rights of childhood. Perhaps the explanation is that at 38, Engman is too young to remember the golden age of radio during the '30s when a whole generation of Americans grew up sending away for Little Orphan Annie's secret-society badges, Tom Mix's fabulous "mirror ring" (without turning his head, the wearer could see if he was being tracked), and Jack Armstrong's whistle ring, which sounded like a tiny siren and came with its own secret code...
...Engman had made his speech during the '30s, kids all over the country would have consulted their Jack Armstrong code books and then sent out the appropriate warning of four short blasts. The meaning: "We're being watched...