Word: sec
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Dates: during 1980-1989
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...meter race, Speed Skater Beth Heiden, 20, had reason for hope as she flashed across the finish line in 2:13.10. She had just broken the Olympic record by 3.48 sec. The trouble: 17 other skaters also were to break the record. Beth ended up in seventh place as Annie Borchink, 28, a sturdy Dutch nursing student, glided off with the gold in a time of 2:10.95. But no one was hit by Heisenberg's Principle harder than the American pairs figure-skating team of Randy Gardner and Tai Babilonia. The Olympics' most touching moment...
WHEN G. William Miller was named to head the Federal Reserve Board, he testified he had tried to run a "super clean" company during his 22 years as an executive of Textron, Inc. An investigation by the Securities and Exchange Commission (SEC) suggests Miller, now Secretary of the Treasury, may have soiled his hands while working for Textron...
...SEC contends, first, that Textron made $5.4 million in improper payments in 10 countries, largely to government officials, between 1971 and 1979. It says unnamed Textron officials falsified records and lied to a Senate committee to cover up the payments, which were made by a division Miller supervised before he became the company's chairman in 1974. Second, the SEC alleges Textron often overbilled customers, remitting them the difference under the table. Finally, the SEC charges Textron with spending $600,000 to "entertain" Defense Department employees illicitly and without normal substantiation in company records...
...separate occasions Miller told shareholders there had been no improper or illegal payments. The SEC calls these statements "erroneous and misleading," and says they were "made by the chairman without his having a reasonable basis." In addition, the SEC accuses Miller of knowing about the concealed expenses on the Defense Department accounts...
...they reached a 90° bend, appropriately dubbed "the airplane corner." The high hopes of the American women crashed at that turn: Betsy Snite and two teammates spilled. Pitou did not fall, but she tottered, squandering precious ticks of the clock and losing the gold medal by 1 sec. to Germany's Heidi Biebl...