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...Federal Government with failing to monitor adequately the safety of their workplaces. The list has swollen every month or so in the past year, as the Occupational Safety and Health Administration has imposed unprecedented penalties on some of the nation's biggest and best-known companies. Among them: Ford Motor and Chrysler (the No. 2 and No. 3 U.S. automakers), Caterpillar (No. 1 among makers of construction equipment), General Dynamics (No. 1 defense contractor) and IBP (No. 1 meat-packer...

Author: /time Magazine | Title: Blood, Sweat And Fears | 9/28/1987 | See Source »

...plants, factories, agricultural fields and offices. But perhaps not. The headline-grabbing cases imply that a watchful eye is being cast toward workers' safety; nonetheless, the companies involved were slapped mostly for keeping poor records of injuries and illnesses. This year's proposed fines, ranging from $477,000 for Ford to $2.59 million for IBP, were the highest ever levied by OSHA, but the penalties posed little financial hardship for the companies. Critics, including many union leaders, charge that OSHA is not taking enough action to combat the hazards of dangerous equipment and noxious chemicals that can lead to ailments...

Author: /time Magazine | Title: Blood, Sweat And Fears | 9/28/1987 | See Source »

When President Ford was defeated, Bork briefly considered a Washington law practice but ultimately decided to return to Yale. The move was a financial success, but unsatisfying nonetheless. He published his book, The Antitrust Paradox, ten years in the making, debunking the antitrust notion that bigness was badness in corporate America. Businessmen flocked to his New Haven office, willing to pay $250 an hour for his counsel on antitrust and Justice Department matters. His income soared into six figures, and he quickly paid off a small debt left over from his children's schooling and began to build...

Author: /time Magazine | Title: A Long and Winding Odyssey | 9/21/1987 | See Source »

...Ford, the experience was akin to buying a new car and then suffering a serious dent only a few days later. The No. 2 U.S. automaker began last week by announcing plans to acquire a 75% stake (price: more than $30 million) in Aston Martin Lagonda, the manufacturer of hand-assembled sports cars that carry an average price tag of $130,000. While the British car company has sputtered financially, its products have long enjoyed a sterling reputation. Queen Elizabeth II gave an Aston Martin to Prince Charles for his 21st birthday, and James Bond has driven the cars...

Author: /time Magazine | Title: AUTOS: First a Deal, Then a Dent | 9/21/1987 | See Source »

...Ford had little time to savor its new European connection before making an embarrassing announcement. The company said it planned to recall 4.3 million cars, light trucks and vans to correct fuel-system defects that have caused some 230 engine fires and injured 16 people. The problems afflict vehicles with fuel-injected engines from the 1986 through 1988 model years, including the Mercury Sable, the Ford Taurus and the Aerostar van. Ford's ! recall is the largest by a U.S. automaker since 1981, and could be a setback to the company's newly regained reputation for high quality...

Author: /time Magazine | Title: AUTOS: First a Deal, Then a Dent | 9/21/1987 | See Source »

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