Word: richardson
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Dates: during 1970-1979
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Pressure is nonetheless building for Sporkin to go slow. In a recent letter to Senator William Proxmire, Commerce Secretary Elliot Richardson was worried about the SEC's "expansive definition of materiality," meaning its prosecution of bribery and kickback cases. That drew a sharp reply from SEC Chairman Roderick Hills, and Richardson backed off -at least temporarily. Characteristically, Sporkin wants to expand his job even further: "We've seen the worst of the overseas scandals but I'm afraid only the beginning of straightforward, old-fashioned bribery and embezzlement here at home. There...
There might be a Republican or two in a Carter Cabinet; as in the Nixon bid to Jackson, it can be dramatic politics to offer State to the opposition party. Thus Elliot Richardson, Nelson Rockefeller and Brother David all get "mentioned." But a Republican seems implausible. Says one Carter watcher: "I don't think Jimmy's that mean...
...Washington press conference, Secretary of Commerce Elliot Richardson, who headed the Administration's task force on questionable corporate payments abroad, objected that Proxmire's bill was unworkable. Said he: "If you make it illegal to commit acts that occur in another country, you create problems of investigation and enforcement." The Administration's proposal, by contrast, seeks to apply penalties only where they could be made to stick. In effect, the bill consists of two catches that exemplify the old cliche, "Damned if you do and damned...
Senator Proxmire immediately labeled the White House plan "a bureaucratic copout" and declared his intention to press ahead with his own bill. In reality, both approaches have grave flaws. As Richardson pointed out, Proxmire's legislation is probably unenforceable. The White House approach, on the other hand, suffers the weakness of expecting companies to report their own misdeeds...
...roman à clef as a genre cannot be blamed. It holds an eminent position in literary history. In Samuel Richardson's Clarissa (1748), the villainous seducer, Lovelace, happened to be the Duke of Wharton. Robinson Crusoe was based on the desert-island experiences of one Alexander Selkirk off the coast of Chile, and Tristram Shandy caused not-always-comic shocks of recognition among the York neighbors of the puckish Laurence Sterne...