But treaties are also trickier to come by, because they need Senate approval. That is one reason why presidents in recent decades have opted for executive agreements, which typically donât require congressional input. But they carry a major drawback: they can be reversed by the next president.
Download article as a PDF. Racketeering is when organized groups run illegal businesses, known as ârackets,â or when an organized crime ring uses legitimate organizations to embezzle funds. Such activities can have devastating consequences for both public and private institutions.
Definition of racket. 1  1 : confused clattering noise : clamor. 2  2a : social whirl or excitementb : the strain of exciting or trying experiences. 3  3a : a fraudulent scheme, enterprise, or activityb : a usually illegitimate enterprise made workable by bribery or intimidationc : an easy and lucrative means of livelihoodd slang : occupation, business.