Word: gao
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Dates: during 1970-1979
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...reason for the GAO's doubt that Lockheed can repay its loans on time is that civilian sales of the TriStar are lagging because of the recession: the company did not book a single order last year. Another reason is that Lockheed is counting heavily on continued large foreign sales of military equipment?and the publicity about its bribery can only hurt. The Japanese Government last week dropped tentative plans to buy $650 million worth of Lockheed's long-range, low-altitude P-3C Orion planes, which are capable of detecting and destroying submarines. Indeed, the Japanese are having second...
...services for the poor and their children, and nursing-home and extended hospital care for many indigent elderly-all financed by $12.6 billion in federal and state funds. Unfortunately, other less-deserving people have benefited handsomely from the Medicaid program. Spurred by newspaper stories, the U.S. General Accounting Office (GAO) and investigators in at least half a dozen states have been spending the past several months looking into charges that the program has been egregiously abused. Now they are finding that their suspicions were well founded. Inquiries in New York, California, Minnesota, Florida and Massachusetts reveal that a disturbingly large...
Legally, only the poor are eligible for Medicaid, but many others take advantage of the program, adding tens of millions to its costs every year. A recent GAO spot check revealed that 28% of those seeking benefits in New York City and Illinois' Cook County were actually ineligible. In California, young girls who do not wish to tell parents of their pregnancies are claiming poverty to obtain abortions under Medi-Cal, as that state's program is called. In Illinois, almost everyone who applied for admission to the state's $657 million Medicaid program was accepted without...
...Chairman John Nassikas has been called to answer the GAO charges before a meeting this week of the House Permanent Subcommittee on Investigations. Nassikas argues that, faced with the possibility of gas shortages, his agency had the right to waive some requirements as an emergency measure. The GAO insists that accepting that argument would "make a sham" of the regulatory process. Moreover, the GAO estimates that of the $3.3 billion in increases that were collected, only one-third went to producers to increase gas supplies, which was the purpose of the move. The rest went to pipeline companies...
...officials admit that the agency was remiss in not having all its high officials make full financial disclosures. That step, the GAO says, would have revealed that 19 of the agency's 125 top employees held stock in gas-producing firms under FPC jurisdiction, including Exxon, Texaco and Tenneco. Moreover, seven of these officials were administrative-law judges who preside over cases that come before the FPC, and in at least one case, a judge apparently presided over a hearing involving a company in which he held stock...