Word: kickback
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Dates: during 2000-2000
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...time during a Bush Administration, Bush's choice to succeed Cheney would have to be approved by both houses of Congress, a process set out in the 25th Amendment to the Constitution. In 1973, when Vice President Spiro Agnew was forced to step down in a kickback scandal, Richard Nixon named Gerald Ford to replace him, in part because Ford was House minority leader, which made quick approval in Congress more likely. By contrast, Ford's selection of Nelson Rockefeller, a congressional outsider, was held up for months by hearings into Rockefeller's finances...
...there is a limit to how much money private industry is willing to gamble on products that may or may not pan out. If a government kickback for research increases the amount of research being done, then it has value to the economy and society in ways that are hard to measure...
...arrested investors for conspiring online, Freeman is said to have used his position as a temp at two Manhattan brokerages to glean information on mergers and acquisitions, information he then passed on to other investors in return for 10 percent of the profits. Not that he got the full kickback - an estimated $70,000 to $110,000 is said to have flowed into his mailbox via cash stuffed in unsigned birthday cards. "The SEC has been very interested in the area of fraud over the Internet, and this case is just an extension of that," notes TIME Wall Street analyst...