Word: mammoths
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...weeks and months ahead, Wall Street's high-to-higher-flying style may be further crimped by additional Government regulation. David Ruder, chairman of the Securities and Exchange Commission, ordered the SEC staff to consider immediately ways to limit future mammoth market swings. Edward Markey, the Democratic chairman of the House Telecommunications and Finance Subcommittee, has called for hearings into the role of computerized trading programs that dump securities when the market falls...
...after years of mammoth U.S. budget and foreign-trade deficits, the situation today is radically different. The buying of America has virtually turned into an industry of its own, with sharp-eyed advance crews scouting out the country's most attractively undervalued treasures, researchers typing up thick intelligence reports on U.S. acquisition targets, finance teams huddling with investment bankers in Tokyo, London and elsewhere, and blue-chip law firms constantly at work drafting reams of tender offers, prospectuses and sale documents...
...Congress are expected to hold a symbolic meeting in Congress Hall on July 16, and on Sept. 17 -- the day the Constitution was formally approved by convention delegates -- President Reagan, former Chief Justice Warren Burger and congressional leaders will be present as a giant parade passes Independence Hall. A mammoth picnic along the Delaware River waterfront will follow the marching -- the "ultimate American picnic," according to planners...
Richard Kusserow is a new kind of gumshoe. He is the master datatective of the Reagan Administration. Soon after becoming inspector general for the Department of Health and Human Services in 1981, Kusserow decided to crack down on fraud. The new boss directed that the agency's mammoth IBM computer system be used to compare a list of everyone on the Social Security rolls with a compilation of every Medicare recipient known to have died. The project uncovered 8,000 dead people to whom Social Security checks were still being mailed, like clockwork, once a month. In some cases...
...face, business groups have mounted a full- court defense. Van Dongen's N.A.W. can delve into a computer bank that lists 10,000 members who have ranked how well they know legislators on a scale from "slightly" to "very well." The U.S. Chamber of Commerce, meanwhile, is organizing a mammoth letter-writing campaign to Congress. Its message: the raft of legislation would drive up business costs while American companies are already losing markets to foreign competitors...