Word: adelphia
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...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...
...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...
...didn't take long for the FBI to make good on that promise. A week after hauling in Adelphia Communication's frail, white-haired founder, John Rigas, and two of his sons as if they were armed and dangerous, FBI agents gave former WorldCom executives Scott Sullivan and David Myers the same star treatment, parading the handcuffed quarry in an early-morning perp walk and prompting Sullivan's lawyer to complain about "the unfair taint of the current political climate...
...Adelphia scalps gave the Administration a chance to look as if it was taking charge amid the dreadful financial news. Through much of July, as toxic stock syndrome plunged the market to five-year lows and nudged his poll numbers to mortal levels, the President and his top economic advisers appeared helpless and sometimes befuddled. Wall Street was not impressed. As a private equities fund manager told TIME, "It doesn't seem like his top priority. It doesn't seem like he understands. It doesn't seem like they have their act together." Each time Bush gave a speech promising...
ARRESTED. JOHN RIGAS, 78, founder of bankrupt cable giant Adelphia Communications, and his sons TIMOTHY RIGAS, 46, and MICHAEL RIGAS, 48, former Adelphia executives; by federal agents; on fraud charges that include bilking the company out of hundreds of millions of dollars; in New York City...