Word: specializes
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Dates: during 1970-1979
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...fund may soon be swollen like a Christmas stocking with more cash. In the past 22 months, Paul Bloom, 40, the DOE's special counsel, has brought 150 enforcement actions totaling $7.2 billion in claims against 35 large oil companies for violating the complex, controversial federal price regulations. So far the DOE has won consent decree settlements amounting to $660 million from Kerr-McGee, Cities Service, Phillips, Gulf, Mobil and other companies. They agreed to settle by posting lower future price increases than the maximum allowed under Government regulations. Getty also chose this method for the remaining $50 million...
...Office of Special Counsel for Compliance, which has more than 400 auditors and 200 lawyers, was set up nearly two years ago to uncover profiteering. Because past efforts nailed few alleged offenders, the DOE turned for advice to a sister agency, the Securities and Exchange Commission. Bloom had the power to negotiate settlements, and he modeled them after the SEC's consent decrees. Companies that sign them with the DOE neither admit nor deny wrongdoing, but agree to stop what they have been doing and make a financial settlement...
Like many other inner-city school systems, Chicago's has long lived with deficits caused by expensive "special education" programs, as well as soaring payroll and energy costs and time lags in getting reimbursements from state and federal governments (such government payments make up 60% of Chicago's $1.4 billion annual budget). Chicago's schools began to lose their delicate financial balance after plans unexpectedly fell through last month to borrow $124.6 million by selling financial notes to banks and other investors. Analysts at Moody's Investors Service, which rates the quality of investments like...
Alone among public institutions, the U.S. Supreme Court has remained an Olympian myth: nine sages in black robes, unelected, unreviewable, pronouncing the last word on the law. Throughout its 190-year existence, the court's decision-making process has enjoyed a special immunity from public scrutiny. Even during the '70s, in the post-Watergate era of full disclosure, its white marble temple stood as a sanctuary, its inner workings Washington's last well-kept secret...
...search that produced such startling "results began routinely enough when investigators of the New Mexico Organized Crime Strike Force, a special state investigative unit, started looking into underworld activities. The allegations that developed were both dismaying and frightening. They involved a college basketball scandal, which was bad enough, but last week TIME learned that the agents also discovered that gamblers had used a computer to do their bookkeeping-and that the computer was owned by Sandia Laboratories, a supposedly supersecret contractor that makes nuclear weapons...