Word: tracing
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Dates: during 1980-1989
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...there is still a deep-seated reluctance to take drastic measures. Briefing reporters after a Paris conclave on money laundering last September, a senior U.S. official declared that global efforts to trace drug money will have to be balanced against the freedom from unnecessary red tape. Too many controls, he declared, could "constipate" the financial exchanges. That is the kind of attitude that has brought the system to its current state, in which drug money freely mingles with the life force of the world economy, like a virus in the bloodstream...
...chemicals in foods, pesticides and toxic wastes has produced a regulatory tangle at EPA and a superfluous Superfund to clean dump sites. Government restrictions on man-made chemicals are absurdly stringent in proportion to ; their risk, says Ames. He notes that while the public panicked last spring because of trace amounts of the synthetic growth regulator Alar found on apples, many fruits contain natural carcinogens in concentrations 1,000 times as great. Observes Ames: "Eating vegetables and lowering fat intake will do more to reduce cancer than eliminating pollutants...
...Antonio-based minicomputer maker. Since Edelman took it over in 1985, the company has gone through three presidents and $135 million in losses. Yet he has reaped millions of dollars in personal fees by aggressively playing the stock market with Datapoint's cash. Another Edelman-controlled firm, Intelogic Trace, a computer-servicing business that was spun off from Datapoint in 1985, has seen its annual profits plummet from $20 million in that year to $179,000 in fiscal...
...taste of his own tactics last September, when Manhattan lawyer Martin Ackerman launched a proxy war for Datapoint. Edelman responded by entrenching himself more deeply. In a two-day blitz of stock buying, Edelman boosted his stake from 10% to 40%, largely by purchasing stock with cash from Intelogic Trace. Edelman won, but pride had its price: Datapoint shares have fallen an additional 25% in value...
...army of insurance adjusters is still taking count, but most agree the damage figure will top $2 billion and could be twice that. Roaring from St. John to Puerto Rico, the hurricane stripped the voluptuous hills of every trace of green; it sent rooftops cartwheeling down the mountainsides and busted power lines and telephone poles, leaving the hillsides silent and dark. Given all this havoc, returning visitors these days will be amazed to see how quickly, riotously, the vegetation is growing back and how mightily residents have worked to clean up the mess...