Word: institutionalize
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Dates: during 1980-1989
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"I don't think Solomon could solve the problems of Chelsea," says Carmella Oliver, a parent in the industrial Boston suburb. "Education is not a priority here." Luckily, it may not take a Solomon -- just nearby Boston University, which has offered to run the city's failing school system. The...
At first Tim Barnett did not believe his own data. "I thought it was an error in the computer code," says the climate researcher at California's Scripps Institution of Oceanography. For one thing, the little-known phenomenon his model was predicting had not been witnessed since the mid- 1970s...
& Many politicians have come to expect business contributions as their due. Thomas Mann, director of governmental studies at Washington's Brookings Institution, describes PAC contributions and soft-money donations as a "mild form of extortion." Businesses, he argues, are only responding to pressure from politicians. "Congressmen let them know that...
The investigation, the largest and most complex yet into money laundering, was called Operation C-Chase for the $100 bills (C-notes) that are the denomination of choice in major drug deals. While previous probes had netted mostly low-level operatives, C-Chase bagged far bigger suspects. The arrests were...
Customs officials said last week that Operation C-Chase signals a more aggressive and cooperative international approach to uncovering money- laundering activities and prosecuting banks that, wittingly or not, play the game. Said U.S. Customs commissioner William Von Raab: "The bottom line is that whatever kind of financial institution you...