Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.wpost From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: WASHBIZ COLUMN Date: Mon, 26 Oct 92 04:30:31 EST Message-ID: <23.1992Oct26.043031@AmeriCast.com> WASHBIZ COLUMN THE TITAN AND THE TORTS< Thanks to determined space shuttle astronauts who put it back into the proper orbit earlier this year, the Intelsat 6 satellite is handling television signals and telephone calls from 60 coun- tries. Now a decision by a federal appeals court in Richmond will keep lawyers arguing over the cost of the rescue mission for years to come. In March 1990, the satellite was launched into the wrong orbit because of a malfunction in the Titan rocket launcher built by Bethesda-based Martin Marietta Corp. Although Martin Marietta ad- mitted it had incorrectly wired the Titan, the company had argued successfully in a lower court that it was not financially respon- sible for the mishap under federal law and its contract with Washington-based Intelsat. Last Wednesday, an appeals court disagreed. A three-judge panel sent the case back to district court in Baltimore to determine whether Martin Marietta made its "best effort" in building the flawed rocket or was guilty of gross negligence in the performance of its duties. Depending on the outcome, Martin Marietta could be liable for the $140 million cost of the shuttle rescue.THE BUSINESS OF GOVERNMENT< How well does the area's largest industry follow the principles of sound business management? Not well, if you ask a lot of poli- ticians. But what if you ask accountants and finance experts? The latest issue of Financial World magazine grades the manage- ment of 10 of the largest federal agencies on the efficiency and skill with which they fulfill their mission. "We consider not only the actual delivery of services, but also underlying systems such as financial management and reporting, information manage- ment, oversight and performance measurement and evaluation," the magazine said. The top rated agency? The Internal Revenue Service, with a B+. The magazine said: "Leader of the pack in planning, program evaluation, financial reporting systems. High integrity, strong esprit de corps. Basic problem is mission: how to balance need to collect money with taxpayer rights." And at the bottom, the magazine ranks the Department of Housing and Urban Development, with a D. Why? "Poor financial management and data systems plague this em- battled department, as does a problematic organizational struc- ture that provides great autonomy to regional and field offices, often tying the hands of Washington managers. Some improvements charted since political scandals of 1989, due to HUD Reform Act and management efforts of Secretary Jack Kemp. But after years of neglect, department has a long climb out of management basement. Performance measurement weak; staffing shortages profound; ac- counting and financial management out of compliance with federal laws. CPA firm unable to render opinion on fiscal 1991 financial statements." The other agencies rated, with their grades, were: Employment and Training Administration (Labor Department), C; En- ergy Department, D+; Food and Nutrition Service (Agriculture Department), B-; Health Care Financing Administration (Department of Health and Human Services), C+; Social Security Administration (Department of Health and Human Services), B; Transportation Department, C+; Department of Veterans Affairs, C+.TUESDAY'S CHILD IS A WORKAHOLIC< Not feeling your most productive today? Don't worry - things will probably pick up tomorrow. According to a recent Accountemps survey published in this month's issue of Working Woman magazine, 53 percent of those sur- veyed said their staffs get the most work done on Tuesdays. Only 19 percent believe Wednesday is the most productive day. Mondays and Fridays - no surprise - rate at the bottom.MAYBE MISERY DOES LOVE COMPANY