Word: admited
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...salesman that day - Jeff Skilling himself - committee members were similarly confused about the structure of Enron and puzzled over the lack of transparency in the JEDI setups. Only after repeated questioning did the outside advisers who brought CalPERS the deal - Pacific Corporate Group of LaJolla, Calif. - admit that Enron was offering stock, instead of cash, as a maneuver to improve their debt-to-equity ratio and keep their credit rating up. Connell was offended. "We were going to put cash in, they were going to put in stock. They were playing a game with us," she says with disgust...
...alliance among the three countries Bush chose to label. In fact, Iran and Iraq fought a war from 1980 to 1988 in which a million people died. Moreover, the connection between weapons of mass destruction and terrorism is not as straightforward as Bush made it seem. Administration experts admit that North Korea has been out of the terrorism business for more than a decade and that it remains on the State Department's list of state sponsors of terrorism largely as a form of diplomatic pressure. Iraq's support for terrorism has centered mainly on groups that attack Iran...
...city's cybercafes are owned and operated by Korean immigrants and, like their popular counterparts in Korea, the establishments tend to be a magnet for Asian gangs. The gangs are very fluid entities: unlike Crips or Bloods, they don't wear colors, and members don't readily admit to their existence. They were originally formed for self-defense, but have gradually become more offensive, with gangs from different backgrounds (Korean, Vietnamese, etc.) squaring off against each other. "They're not really territorial," says Police sergeant Mike Handfield, who heads up the Ly investigation (one suspect has been caught, three others...
...that city fathers blame the violence of the games themselves. "We had gangs long before we had cybercafes," says three-term mayor Bruce Broadwater, 60. But Garden Grove officials do admit to being blindsided by the speed at which the establishments spread - this time last year, there were only three of them. "We should have treated them like arcades," says city manager George Tindall - meaning stricter licenses and a waiting period. "The word 'Internet' confused us. It brought up all these First Amendment issues...
Which, you’ve got to admit, doesn’t happen much. Certainly the photos in the “commercial” section are more aimed at convincing a restless public that the featured designer is “on the edge” and “trendy” rather than inspiring spontaneous shopping frenzies. It’s sort of an Emperor’s New Clothes phenomenon: No one is going to be caught dead in the translucent white, yellow chest-belted shirt of Frank Lingnau and Tom Schumacher?...