Word: watchdogging
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...markets. In less than three months tin plummeted from $1.50 to $1.06 a Ib. Though Bolivia and other tin producers protested vehemently, the U.S. has since been able to buy tin for $1.18 a Ib., a price it considers fair. Last week, in a special report, the Senate Preparedness ("Watchdog") subcommittee roundly commended Symington because he "bore the brunt of the battle" against the tin producers. The committee said the thrifty tin-buying policies of the RFC had saved the U.S. $500 million. It also recommended a careful study of "the history of the tin negotiations ... as a guide...
Alarmed by the costs, the Air Force twice lowered the time priority on finishing the bases. Still the costs stayed high, and Senator Lyndon Johnson's Preparedness ("Watchdog") subcommittee got curious. Army Secretary Frank Pace also got busy. Last week he notified Senator Johnson that he had relieved Colonel Derby, that efforts would be made to recover any money "improperly spent"; and that Atlas Constructors had been ordered to mend their ways...
...Senator Lyndon Johnson's watchdog committee was looking into reports that shippers who had chartered ships from the Maritime Board were making as much as $1,000 a day a ship, hauling supplies to Korea and cargoes to Europe for the Mutual Security Agency...
...thieves apparently entered through a back door, tossed a ham hock from the refrigerator to a watchdog (he was still gnawing contentedly when the police arrived), greased the bottom of the safe with a cake of soap and dragged it away. The money included two $10,000 and 200 $1,000 bills. At week's end, the cops were baffled...
...playing the market. In 1949, when he was worth $250,000, he felt he "could afford" to go back to SEC as a commissioner. But the job wasn't big enough to keep him busy. So in 1950 he became chief counsel to Senator Lyndon Johnson's "watchdog" committee on preparedness, even though he had to do most of his work at night. He was largely responsible for the committee's reports on wasteful military spending...