Word: bankrupting
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Dates: during 2000-2009
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...Virginia resort where congressional Republicans were holding their annual retreat, they heard the same news. G.O.P. strategists told the lawmakers that voter rage over Enron is becoming personal, with people's fears about their own retirement exceeding their appetite for campaign reform and their anger at what the now bankrupt company did. "Many employees looked at what happened to Enron, and it scares them to death," says Ohio Congressman John Boehner, the House Republicans' point man on pension issues. This is why the biggest news out of the retreat was the package of 401(k) and pension safeguards Bush unveiled...
Before the company officially went bankrupt, Lay, who had earned admiration for his unpolished, affable manner, had lost his loyal fan base. In late October--a day after Enron acknowledged that the SEC had opened an investigation of its accounting practices--Lay tried his best to raise the spirits of his downtrodden workforce. At a company gathering caught on videotape, the son of a Missouri minister promised that there wouldn't be any layoffs and that Enron would rise again. For once, though, the rank and file weren't drinking Ken's Kool-Aid. As one disgruntled worker...
...Corzine are pushing a bill that would limit the amount of an employer's stock in its 401(k) plan and ease restrictions on how soon employees could sell it. Boxer only had to dust off a similar bill she proposed in 1997, when Texas retailer Color Tile went bankrupt. No one is vocally opposing the Boxer-Corzine bill--yet. "There's a lot of shrapnel up here," says a Senate staff member. "People are keeping their heads down." But businesses and their lobbyists don't like the idea, arguing that the restrictions would push employers to stop offering matching...
Dick Cheney has taken a hard line against the General Accounting Office, refusing its efforts to get information on meetings held by his energy task force. Critics suspect that Cheney is stonewalling to conceal the Administration's links with bankrupt energy giant Enron. But Cheney may be hiding more than that. Several other energy companies had opportunities to influence the Administration's energy policy, with both persuasion and money...
...suffer the indignities of occupation. Now, like them, he is a virtual prisoner of the Israelis. Either way, they have long-since given up hope in the peace process he promised would end the occupation and bring them statehood. 'Palestinian Authority' is fast becoming a misnomer for a bankrupt administration long despised by its own people for its authoritarianism and corrupt cronyism, the limits of its authority graphically demonstrated on a daily basis by the Israelis. Today it is not only the Islamists and leftists but Arafat's own followers, too, who are openly defying their leader, taking Palestinian fate...