Word: maintaining
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Dates: during 1980-1989
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Even so, the new charges suggest that insider trading is not just the work of lone wolves. Some Wall Street firms may have created an atmosphere for such trading, advertently or not, by failing to maintain the so-called Chinese walls of discretion between their investment-banking divisions and their trading departments. That may have been the case in one of the insider-trading arrangements allegedly started by Martin Siegel, the former Kidder, Peabody merger whiz kid who pleaded guilty Feb. 13 to charges of illegal stock trading and tax evasion. The Wall Street Journal reported last week that Kidder...
...maintain a secret culture which, from time...
...effect on the military. In 1980, 2 million young men reached their milestone 18th birthday. By 1986 the number was down to 1.7 million, and by 1992 it will have dropped to 1.6 million. Says a Democratic Leadership Council report: "The coming manpower pinch will make it difficult to maintain the current quality and size of the all-volunteer force without driving up its already considerable cost." Pentagon officials argue that the all-volunteer force has had no trouble getting quality recruits or controlling costs...
...prepared for complications. The evidence against Bradfield and Smith was sufficient to convince two juries of their guilt. (Smith is also suspected of murdering his daughter and son-in-law, although their bodies have never been located.) But one is never quite certain of what actually happened. Both men maintain their innocence, even though Smith came close to boasting about the crime to a fellow inmate. Bradfield had a solid motive: $750,000 worth of insurance policies that Susan Reinert had taken out, naming him the beneficiary. (He had previously been convicted of stealing $25,000 from...
...Federal Government will have to pay more to maintain its volunteer military. The pool of eligible recruits for the armed forces will shrink from 9.5 million people in 1986 to 7.8 million by 1996. The Pentagon nevertheless expects to meet its recruitment goals, but the competition with private industry will be intense for entry-level jobholders. As the supply of younger workers declines, civilian and military employers will be forced to offer . education and training to make better use of potential recruits. By 1990, predicts the National Alliance of Business, three out of every four jobs will require education...