Word: white-collar
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...last day in office, the man who understands the power of forgiveness better than most issued a list of more than 100 pardons. Tucked in among the names was that of Marc Rich., 65, one of the world's most wanted white-collar fugitives. In 1983, the brilliant, rapacious commodities trader, along with his partner, Pincus Green, was charged with an illegal oil-pricing scheme that amounted to what might be the biggest tax swindle in U.S. history, to the tune of almost $50 million - not to mention trading with Iran during the hostage crisis. The latter charge was later...
With such a vast fief, every AG must decide where to devote limited money and manpower. The Carter Justice Department focused on white-collar crime. Four years later, Ronald Reagan's zeroed in on organized crime and drugs. Ashcroft's opponents question whether he will diligently prosecute civil rights violations, which include not only discrimination but also blocking access to abortion clinics. Will big polluters face environmental prosecution? Will Ashcroft press the government's case against Microsoft as the company appeals...
Make no mistake: there are still some real questions about whether Ghosn's reforms are sustainable. Morale is still low in many parts of the company, particularly among the white-collar managers who by now know their days are numbered. Ghosn must further reduce the number of Nissan's suppliers and cut purchasing costs an additional 10% by next year. A global economic slowdown could erase an awful lot of profit in the meantime and total Ghosn effort...
...More white-collar jobs seem to have translated into lower political participation...
...INSURANCE Identity theft is the fastest-growing white-collar crime in America, according to the FBI. True, you may be liable for only $50 on a fraudulent credit-card purchase, but restoring your good name can cost a lot more in terms of time and expense. Enter companies like Travelers and Chubb, which now offer identity-theft insurance. The policies cover a broad range of costs--from legal fees to lost wages. To learn more about how to protect yourself from fraud, visit www.consumer.gov...