Word: gao
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Dates: during 1980-1989
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...crash. Most analyses of Black Monday, however, have assumed that the stock-exchange computers on the receiving end of the selling torrent held up fairly well. Not so, says a report released last week by the General Accounting Office, the congressional investigative arm. According to the GAO, the computer systems that handle securities trading on the New York Stock Exchange suffered repeated breakdowns the week of the crash, adding significantly to the confusion and fueling the selling panic. "The October crash was a crisis that nearly became a disaster," said Comptroller General Charles Bowsher, head of the GAO. "Somebody...
...GAO study faulted the Securities and Exchange Commission for paying inadequate attention to the vulnerabilities that computers have created in the securities markets. Said a GAO aide: "The SEC doesn't have a staff that can go in and analyze a computer system to see if it functions correctly." That could change quickly. The N.Y.S.E. has begun to beef up the capacity of its computers, and the SEC is keeping close tabs on the process...
...defense, but as an object of controversy." Contends Livermore Physicist Hugh DeWitt: "Woodruff did a damn good job of blowing the whistle on the extravagant claims of those two men." And while Woodruff's employment status has been resolved, the issues have not. The conclusions of the GAO investigation are expected by June; at stake is not just the future of the X-ray laser, but the reputations of Livermore's scientists. "When I go to Washington now, people jokingly ask me what's the next lie that going to come out of here," says John Harvey, Livermore's project...
...step up its inspections in keeping with the growth of airline fleets, according to a General Accounting Office study published in May. From 1981 until 1983 the ranks of FAA inspectors actually shrank, from about 1,750 to 1,500. But at least partly in response to the GAO's study, the FAA is carrying out plans to expand its staff of inspectors to more than 1,900 by September...
...GAO investigators focused on changes between 1950 and 1982 in the five- year survival rates for victims of twelve types of cancer. Advances in detection and treatment, they conceded, had resulted in improvements in these survival rates (measured from the time of diagnosis), except for stomach cancer. Yet they criticized the NCI's reliance on these rates as proof of gains against cancer, noting that some types of the disease, such as breast and prostate cancers, can progress for ten or 15 years before proving fatal. Also, the GAO observed, survival rates reveal nothing about the life expectancy or quality...