Word: scandalizes
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Dates: during 1980-1989
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...which are purportedly controlled by minorities but actually owned by whites. A federally funded 1986 study of highway set-aside programs in nine states by Abt Associates, a consulting firm, estimates that about 20% of minority contractors engage in fraudulent activities. Now the SBA is mired in the worst scandal in the history of the set-aside programs: the tangle of bribery, theft and political favoritism surrounding the Wedtech Corp., a Bronx, N.Y., defense supplier once hailed as a model minority contractor...
...Wedtech scandal has prompted some congressional interest in reform legislation. Massachusetts Democrat Nicholas Mavroules, who chairs a House small-business subcommittee, is championing a bill that would bar any political appointee from helping select minority contractors or managing the program. A more controversial approach, favored by Massachusetts Republican Congressman Silvio Conte, would require minority contractors to participate in competitive bidding and eliminate the SBA's awkward role as the middleman between federal agencies and minority businesses...
...recrimination and disengagement from the public sphere can be expected. This would be the worst consequence of the Administration's brazen disregard for law--if Americans walked away from the experience jaded, thinking democracy and politics inherently flawed. But while Americans need to learn something from the Iran-contra scandal, their lesson need not be a harsh...
Students say they hear little about ethics in the classroom. Though a Business School student and a graduate were implicated in the Ivan Boesky insider trading scandal, students said they never discussed the events in class...
...trading scandal] is a pretty immediate thing right here," said second-year student Scott N. Bruskin. "But there is sort of a lid on it. It hasn't come up in the classroom environment." Bruskin said that his professor for a Management Policy and Practice class ignored students' requests to talk about the Boesky case rather than hold the scheduled case-study discussion...