Word: grummans
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...managers of America's huge pension funds feel. The top 100 U.S. pension funds boasted a gargantuan $3.5 trillion in combined assets last September. Now, despite having fortified their reserves with huge stock-market gains in recent years, public and private pension funds are facing steep declines. Northrop Grumman, a giant in the aerospace and defense industry, called attention to this little-known fact in December. It warned that a drop in income from its pension investments could knock $50 million in pre-tax dollars off corporate profits this year. After final numbers for 2000 came in, the situation looked...
...into the heart of all the investigations that have plagued the Clinton White House," she says. The Justice Department investigation revolves around thousands of e-mails lost between 1996 and 1998, when members of the administration mistakenly sent transmissions to the nonexistent "MAIL2" folder, instead of typing "Mail2." Northrop Grumman, which built the e-mail system, caught the glitch in January 1998 and immediately notified the White House. Three of the firm's employees now say they were threatened by presidential aides with dismissal and jail time if they reported the lost e-mails, which, according to one techie, included...
...Beyond the usual allegations and denials, though, the case may contain some particular problems. Unless it can be proved that a vast right-wing conspiracy forced the Northrop Grumman staffers into lie under oath, it might be hard to convince the public that a group of pocket-protector-wearing techies had anything to gain by fabricating allegations. Adding to the administration's load are claims by the conservative watchdog group Judicial Watch, whose $90 million civil suit filed against the White House led to the DOJ investigation, that Justice took over the case simply to delay the civil action until...
...Merrill's account, Furrow was curious and bright enough to go on to community college after an aborted stint in the Army (he was honorably discharged because of a bad knee). He studied engineering and then landed a series of solid jobs, including a stint at a Northrop Grumman plant near Rosamond, Calif., 40 miles from Granada Hills, where the shooting was to take place...
...Caribbean with a mind-boggling array of sportsman's toys and a retinue of family, friends and assistants. "To work with Jimmy," says pilot Jim Powell, "you've got to think and whistle at the same time." Buffett and his little boy flew his huge, cacophonous 1947 Grumman Albatross seaplane; Jane and their youngest daughter rode in his Citation jet. ("Remember," he tells his audiences, "I am spending your money foolishly." Right now, he's thinking about buying a staggered-wing biplane and a truffle farm in Provence--if Jane will...