Word: sec
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Dates: during 1960-1969
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Smith had just won the 200-meter dash in a record-breaking 19.8 sec. Carlos, his bearded teammate from San Jose State College, had finished third. Together, they turned up for the awards ceremony shoeless, wearing knee-length black stockings and a black glove on one hand (the right for Tommie, the left for John). Along with Australia's Peter Norman, the second-place finisher, they mounted the victory pedestal to receive their medals. Then, as the U.S. flag was raised and the band struck up The Star-Spangled Banner, the two black athletes bowed their heads and raised...
Under Manuel Cohen, the SEC's activist chairman since 1964, the insider has become a much more visible target. The key to the SEC's current approach is Rule 10b-5 of the 1934 act. A broadly worded regulation against fraud in trading, 10b-5 has been interpreted in the courts to mean that all investors must be guaranteed "equal access" to "material information" that might influence stock prices. In effect, it broadens the definition of insider to include anyone privy to information and requires him not to act on it before it becomes public knowledge...
...Atlanta last week, Philip A. Loomis Jr., the commission's general counsel, warned that if a company officer "by mistake or stupidity" leaves an analyst with a choice bit of inside information, the analyst ought to make it public as soon as possible. Companies, too, might face SEC investigation and possible lawsuits if their officers remain silent about important corporate developments...
...Sec. Exit. The tragedy jolted NASA out of the complacency that had built up during the highly successful Mercury and Gemini programs, in which a total of 16 manned craft were sent into space, maneuvered and recovered without serious mishap. In a frenzy of self-doubt, NASA virtually tore up the Apollo program, shifted personnel, and clamped down hard on the procedures and workmanship of North American's Space Division, prime contractors for the Apollo spacecraft...
...cost of $75 million, Apollo itself was redesigned, with thousands of changes in materials, wiring and equipment. In place of the old inward-swinging, three-part hatch that took 90 sec. to open, Apollo 7 has a single outward-swinging hatch that can be opened in 10 sec. To snuff out any fire that might start, there is now an emergency venting system that can reduce cabin pressure in seconds. And while the spacecraft is on the pad, a mixture of 60% oxygen and 40% nitrogen has been substituted for the 100% oxygen of flight, further reducing the danger...