Word: watchdogging
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Electronic Watchdog...
...years behind its development timetable while its price rose sharply. The task force report says the system has not worked, will not work, and should never have been expected to work. Dated June 1983 but circulated last week by the Project on Military Procurement, a nonprofit defense sector watchdog, the report analyzes the computer system that was supposed to seek out the infrared "signatures" of enemy targets. In fact, the computer would have run up, in the report's words, "a monumental false alarm rate," and might be fooled by even the most primitive measures, like camouflaging tanks with...
...have stringent guidelines for the use of federal-owned automobiles," the says use Dick of Helmer, seniorgroup director of the watchdog General Accounting Office, "but nothing on aircraft."As a result, said the GAO in a report last week, there is widespread waste and misuse by U.S. officials of Government air planes. The GAO looked at purchasing and maintenance practices in 19 agencies, ranging in size from the relatively small Bureau of Reclamation to theTennessee Valley Authority, and found...
...Reagan is vindicated, however, he and the nation could well pay a high price for the cleansing process. Any scandal diverts the Government from its essential business of sustaining the economy, the national defense and the pursuit of peace. It also sidetracks the press from its role as watchdog on the great issues. The distraction can, in turn, disillusion allies and invite aggressive moves by unfriendly nations. When a scandal is legitimately grave, all that is worth enduring. If a scandal is overblown, however, the nation is subjected to a deplorable, unnecessary burden. Politics and government are arts of compromise...
...Ross Kenzie, a former Merrill Lynch executive vice president who became president of the Buffalo Savings Bank in 1979. Says Kenzie: "At this bank, there is a bias toward action." Goldome's acquisitions include three failing thrifts that the Federal Deposit Insurance Corp., the Government's watchdog for the banking industry, was trying to save. The largest was the New York Bank for Savings (assets: $3.4 billion...