Word: regulatee
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Downhill Course. Yet the food crisis will certainly deepen, since the dangerous preharvest months of September and October still lie ahead. India cannot raise grain as fast as babies-an estimated 10 million a year. Peasants lack both incentives and skill in modern agricultural methods. In the cities, police raids...
The rush to get listed on the stock exchanges has been going on for many months, partly because U.S. companies are increasingly aware of the advantages of listing: added prestige, broader ownership of shares, more active trading in the stock. Last week they got an added reason for listing that...
Although specific swimming-pool laws are still rare, chances are that pools come under the local "police power" to regulate public health, safety, morals or welfare. A pool owner may not only have to build a high, strong fence, but he may also also pay higher property taxes. To prevent...
Molasses-Slow. Starting with the ICC, established in 1887 to regulate railroads, the agencies were called into being to correct abuses that industries and institutions could not or would not correct themselves. But as the agencies have grown in number and power, they have also grown their own faults. Molasses...
Inevitably, the regulators are targets of aggressive lobbying, and occasionally they get involved in a scandal with a Bobby Baker or a Sherman Adams. One of their traditional weaknesses is that many appointees come with little firsthand knowledge of the fields they will regulate. The men who regulate million-dollar...