Word: bidness
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Dates: during 1990-1990
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...Japan's $500 billion construction industry, bid-rigging is an established and rarely punished process that goes by the name dango. For the Pentagon, dango is an odious practice that inflates expenses by tens of millions of dollars a year on military projects in Japan. In an unprecedented case, the Justice Department announced last month that 100 Japanese firms had agreed to repay $33 million of excess profits on Navy construction projects. Reason: the companies were caught...
...lucky firm would tell the others to bid above a certain figure. In exchange the other companies would get a share of subcontracting work, a direct kickback or first dibs on future contracts. If the firms could not agree, they would call in an officer of the association to mediate. Unfortunately for them, this officer turned out to be the Navy informant...
...Halls of Fame will run out of room. Rather than add on, Malthusian economists running the Halls will unceremoniously eject previous undeserving winners. Pee Wee Reese and Al Davis will be disconsolate. Steffi Graf will defeat Boris Becker at Wimbledon, but a 12-year-old girl will foil her bid for her seventh Grand Slam. Walters will beat up Tyson, who will retire again...
Former Harvard administrator L. Edward Lashman, for example, is now Dukakis' secretary for administration and finance. And Kristen S. Demong, the governor's chief fundraiser during his 1988 bid for the presidency, now heads Harvard Real Estate, which manages the University's non-academic land holdings...
...least one roadblock to the nominationwas lifted this week, with the announcement byU.S. Rep. Joseph P. Kennedy II (D-Mass.) that hewould not seek the governorship. Kennedy, whomrecent polls have shown topping other Democraticcandidates statewide, said in a letter to hissupporters Tuesday that a bid for governor wouldinterfere with his obligations to his family...