Word: fixes
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Dates: during 1980-1989
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...more sordid picture of the blandishments of Saratoga emerged in a Brooklyn courtroom last week. Testifying in the race-fixing trial of onetime Jockey Con Errico, 58, another ex-jock, Ben Feliciano, described a bribe attempt at Saratoga in the summer of 1974. Feliciano was riding in several races that day. He had gone to the toilet in the jockeys' dressing room when an unknown man walked into an adjoining stall. The man shoved an envelope containing a wad of bills across the tiles, told Feliciano that the money was his if he would simply "hold" -rein...
...rescue operation to save the Hunts? Rhode Island Congressman Fernand St Germain complained that the Federal Reserve's role in the wings of the Hunts' search for bailout loans showed that when big speculators lose millions, "telephone calls come to Paul Volcker for a quick fix." This week St Germain and Senator William Proxmire plan to introduce new tough legislation that will change the rules for silver trading, which St Germain calls "the high-flying game of financial monopoly...
...Quick Fix...
Some would-be reformers push a sort of bubble plan for the whole economy. Despite the state's poor record of ensuring prosperity and stable prices, many left-leaning economists and even some businessmen regard further Government economic planning as the next inevitable step. The Government would fix the broad goals for economic growth and targets for investment and production in specific industries, although the details would be left to private firms. Only in this way, they argue, could inflation be brought under control and a path of steady growth...
...Historically, reform of the corporation has affected its external relationships--don't pollute, don't price-fix, don't advertise deceptively. The Corporate Democracy Act would seek instead to reform the internal governance structure so that, consistent with a market economy, companies would exercise their great discretion in more democratic, hence responsible, ways." Ralph Nader...