Word: nader
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...tired of being Nader-ized [July 5.] Herewith I declare that the symbolic umbilical cord that Nader has forged between himself and me is now severed. I am an intelligent adult male who is capable of shopping for good products without the help of a breathing-down-the-neck Nader. I have driven for 40 years without an accident, and one of the most enjoyable cars I ever owned was a Corvair. I don't eat foods that are full of sugar because I don't like them. But I have started using everything Ralph Nader deplores...
When Abraham Lincoln established the U.S Department of Agriculture in 1862, he hoped it would be "the people's department." But has it turned out that way? Ralph Nader thinks not. In a 491-page report by one of his indefatigable groups of "Raiders," Nader charges that the department favors big "agribusiness" and fails to protect otherwise defenseless Americans from bad meat, contaminated poultry and toxic pesticides...
...Raiders' final report turned out to be, by Nader's stern standards, a fairly non-vengeful indictment. Leinsdorf declared that the bank was "innovative, aggressive, growing and profitable." Even Nader smilingly admitted that "we got the impression that there were real human beings in this corporation, unlike others." Nevertheless, the investigators made serious charges against Citibank, most of which were promptly disputed by Wriston. Samples: - The sharpest accusation was that the bank has aggravated New York City's housing crisis by not putting back into neighborhoods, in the form of mortgage loans, nearly as much...
...Other allegations focused on the bank's Master Charge credit-card service. While Citibank takes care to check on the credit rating of merchants who offer the plan, the report declared, it does not investigate a firm's advertising practices or the quality of its merchandise. The Nader group cited one example of a Master Charge merchant who sold sewing machines through phony advertising. Bank officials reply that they simply cannot patrol the ethics of every store owner who offers the plan, but that they investigate complaints from cardholders and have dropped merchants who were found to defraud...
Things Don't Work. Overall, the encounter between Nader's Raiders and the Citibankers was an instance of two cultures meeting and being unable to communicate. In making loans today, the American banker is under pressure to seek more than profit and security, but it is still unclear just how far society-and the stockholders-expect him to depart from those traditional goals. Should he favor the poor borrower over the rich one? The black over the white? The local community over the far-off one? And who is to decide? The Raiders believe that, for example...