Word: watchdogging
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...retailer more associated with quality than New York's Tiffany & Co.? Probably not -- and that status is unlikely to be affected by Tiffany's announcement of a voluntary recall for a line of hand-painted china with a lead content that apparently exceeds federal levels. Sleuths from the private watchdog group Environmental Defense Fund turned up the excessive lead levels and confronted Tiffany with the data. The luxury store agreed to withdraw its Private Stock line. Patrons who acquired the tainted china can return it for credit against future wildly expensive purchases...
Suddenly, we were the focus of much of the community's anger--an awkward position for many of us at The Crimson. We were the "privileged classes," the "public plunderers," the comfortable. We thought of ourselves as a community watchdog; instead, our readers cast us as a villain...
LIKE A TIN PAN ALLEY TROUPER, ROSS PEROT HAS A craving for the limelight and for Larry King Live. His latest gig casts him as head of a new watchdog group, designed to badger Bill Clinton and Congress about federal spending and the deficit. Before a crowded Dallas press conference, a pleased Perot unveiled new versions of the old props -- the fiscal charts, an 800 number and TV commercials -- that helped him capture 19% of the vote in November. Then he regaled reporters (or at least himself) with a scratchy rendition of Patsy Cline's smash hit Crazy...
...fines and court injunctions against former managing directors Paul Mozer and Thomas Murphy. Mozer and Murphy, who both contest the suit, also face possible criminal indictments. But not all of the SEC's actions had as much bite. In a settlement that some observers criticized as toothless, the federal watchdog agency fined three former top managers a combined $225,000 for their failure to provide proper supervision. John Gutfreund, chairman, was fined $100,000 and permanently barred from running a securities firm. Thomas Strauss, president, and John Meriwether, vice chairman, were both fined and suspended from Wall Street activities...
...unequivocally proved to be both safe and effective. But in the wake of intense lobbying, the FDA will now consider granting conditional approval to experimental treatments for terminal diseases for which there are few or no medical alternatives. This is a radical shift for the nation's pharmaceutical watchdog. Drugs conditionally approved will be closely monitored and withdrawn if they prove to be too toxic or ineffective. "We may be wrong," says FDA Commissioner David Kessler, "but with life- threatening illnesses, those risks are acceptable...