Word: sec
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Dates: during 1980-1989
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NASA needed the triumph. To the dismay of space officials, the maiden launch of Discovery had been postponed three times. The original takeoff date of June 25 was put off when a back-up computer refused to answer a command. The next day a fuel valve faltered 4 sec. before blastoff, again delaying the mission. Then, on Aug. 28, the day before the third scheduled launch, a NASA engineer discovered that the computer charged with the last-minute double-checking of equipment might miss some critical signals. Blast-off was deferred for 24 hrs., as computer programmers scrambled to write...
...Securities and Exchange Commission, said, "We don't expect every journalist to disclose all financial relationships." Instead, he explained, the Government's case is aimed specifically at efforts to grab quick profits triggered by foreknowledge of a particular story. A similar case, under investigation by the SEC, involves several CBS employees who allegedly exploited awareness of an upcoming negative story on the commercial sugar substitute NutraSweet by engaging in transactions that presupposed there would be a drop in the stock price of the manufacturer, G.D. Searle...
When the story of Winans' improprieties broke in March, co-workers suggested that he might have been the dupe of sophisticated traders and investment analysts whom he interviewed for his column. But in May the SEC charged in a civil suit that two stockbrokers who shared in the scheme, David Brant and Kenneth Felis, both then employed by Kidder Peabody, paid Winans $31,000 disguised as interior-decoration fees to his New York City roommate, David Carpenter. Last week's indictment charges that in the first half of 1983, before any arrangement with the brokers, Winans and Carpenter...
...children's stories, has spawned a burgeoning new industry. Dozens of entrepreneurs across the U.S. are forming businesses to produce and supply telephone companies with a seemingly limitless variety of tapes, from Dial-a-Mystery to Gay News. San Francisco's Megaphone, for example, produces daily 60-sec. updates on ten popular TV soap operas, plus a Michael Jackson tape for fans who want frequent bulletins on what their idol is doing...
...records were achieved in the pool. "The water is fast here," said one Soviet fan, and 6-ft. 4-in. Sergei Zabolotnov proved it. In the 200-meter backstroke, he defeated the European record holder, East Germany's Dirk Richter, in a world record time of 1:58.41 sec., slicing more than half a second off the record held by the U.S.'s Rick Carey, who took the gold in the event at Los Angeles...