Word: civilizations
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...over. Although a Houston judge last week vacated the former Enron chairman's conviction, some legal observers predict the government will appeal the ruling - possibly all the way to the Supreme Court. At issue is - what else - lots and lots of money: there is a flurry of unsettled civil suits brought by investors, employees and victims against Lay and many others involved with Enron. Even if prosecutors have no illusions of actually having the ruling overturned, they may figure that additional legal fees associated with a drawn-out appeals process will force the Lay family to settle those suits. "They...
...Laying off Lay, however, is clearly not on their minds right now. On Monday, the same day that Skilling was sentenced to prison, the government announced that it had filed a civil forfeiture action against the Lay estate. The government is seeking the $2.5 million condo Linda Lay lives in, more than $10 million in the Lay family investment partnership, and $22,680.14 remaining in Lay's bank account. "All proceeds were obtained directly, or indirectly as the result of various federal crimes, including securities fraud, wire fraud and conspiracy to commit securities fraud," the Department of Justice press release...
...TIME: "Everybody wants the employees and the folks affected by the collapse of Enron to recover as much of their their losses as possible. However, I don't believe the vehicle that the government has chosen to pursue is an efficient way to do that. There's so much civil litigation out there already - now that they do not have a criminal conviction to anchor their forfeiture upon, this is nothing more than another civil suit. It's a use of taxpayer dollars to attempt to recover in a method that's really duplicative of many of these civil suits...
...retroactive to a few days before Lay died. But no legislators sponsored the bill, and it wasn't discussed before Congress adjourned. Still, Lay attorney Michael Ramsey says he will be shocked if the closing of the criminal case is appealed. "It's over with," he told TIME. "The civil cases will grind on forever...
...America, and, if immigration is driving it, we better get an immigration policy that gives us the numbers we want. They had almost none of that in 1915 - it's not that they were dumb; it's that they had different problems. I mentioned a second difference - the civil rights movement happened in the 1950s and '60s and to some extent is still going on, and we have a profoundly different public sense of what language to use and about the unacceptability of public discrimination. The immigration reform files today are almost entirely devoid of racist language and the sort...