Word: paperworks
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Since natural scientists tend to use a lot more hardware and generate a lot more paperwork than social scientists, there are also two scientific deans serving under Spence. Dean of the Biological Sciences John E. Dowling '57 and Dean of the Applied Sciences Paul C. Martin '53 both have exercised discrete but considerable influence on an assortment of faculty issues. Dowling helped institute the first-ever University-funded undergraduate government. Martin was influential in creating a separate Computer Science concentration and is an important administrator in the computerization program...
Celeste also jetted to Washington to get help from federal banking authorities. Edwin Gray, chairman of the Federal Home Loan Bank Board, which oversees the FSLIC, promised Celeste "an unprecedented, superhuman effort" to complete the paperwork necessary to bring as many as possible of the closed Ohio thrifts under federal insurance. Fed Chairman Volcker also pledged support. Said he: "The job now is to get the institutions opened rapidly and in an orderly fashion so that we don't have a repetition of the situation...
...wear window decals that look as authoritative as the FSLIC symbols, but the thrifts are often not subject to the same degree of oversight as institutions that are insured by Uncle Sam. Some Ohio thrifts may not have sought Government protection because they wanted to avoid the paperwork and scrutiny that comes with U.S. insurance. Ducking the expense of complying with federal regulations may have helped institutions offer savers unusually high interest rates...
...banks in Boston, the Bank of New England and Shawmut Bank, have admitted that they too made unreported cash transfers. Meanwhile, the Treasury Department is investigating at least 60 U.S. banks for failing to comply with the reporting law. Many institutions apparently brushed aside the regulations because of the paperwork they entail. But that is not the only reason. Says Patrick Walsh, special attorney for the New England Organized Crime Strike Force: "Part of it has to do with not wanting to lose business. Money is money...
...system overachieves in one notable undertaking: paperwork. Soviet Economist Alexei Rumyantsev, writing in the official trade-union newspaper Trud, estimated in 1983 that Soviet bureaucrats generated 800 billion documents a year. In addition, Rumyantsev noted that factories and offices were constantly being disrupted by inspections: he told of a machine-tool factory that had been visited 145 times in a single year...