Word: corrupts
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...aging and in ill health, and their intimate involvement in the failed Oslo process has made them magnets for considerable Palestinian rage. The CIA-vetted security chiefs favored by Washington, Mohammed Dahlan and Jibril Rajoub, are equally tainted by their role as the gendarmes of Arafat's corrupt administration - never mind the political kiss-of-death that comes with implicit U.S. endorsement...
Although the jury convicted the entire firm, it focused the blame on a single person, Andersen's Chicago-based lawyer Nancy Temple, who, according to the legalese, played the "corrupt persuader" who led others astray. Knowing the Securities and Exchange Commission was starting to scrutinize Enron's books, Temple told David Duncan, who supervised the account, to remove her name from a file memo that disagreed with Enron's characterization of a $1 billion loss as "non-recurring." Said prosecutor Andrew Weissman: "This is a perfect example of Arthur Andersen sanitizing the record so the SEC would have less information...
...CONSULTING FEES CORRUPT CORPORATE AUDITORS The accounting firm Arthur Andersen earned $54 million a year in fees from Enron, making about as much for auditing the books as it did for consulting work. Andersen basically blessed its own advice. And guess what might have happened to those consulting fees if Andersen had stood up to Enron over questionable bookkeeping? The auditing and consulting functions should be performed by separate firms, and auditors should be replaced every three years. The U.S. should also move to "principles based" accounting standards like those in Europe. America's "rules based" approach, known as GAAP...
...group Hamas, Fatah's rival. "We look at them as would-be members," says a senior Hamas official. Close aides to Arafat doubt that the Palestinian leader actually wants the terror attacks to stop, since the Israeli retaliations that inevitably follow deflect attention from his pledges to reform his corrupt and dictatorial government. Arafat last week signed a long-delayed Basic Law, a kind of pre-state constitution, but in private he's avoiding committing himself to a date for the elections he has promised. "This man doesn't want to change," says an Arafat aide. Meanwhile, Israeli military officials...
...people of Vietnam inspire Lamb's confidence and warmth, however, their government?by some accounts the most corrupt in Asia?seems to provoke nothing but frustration. After the war, it pursued petty vendettas against its neighbors in the south, and to this day it remains fearful of allowing its subjects the freedom they thrive on. At a time when 60% of the people in Vietnam were born after the American troops left, most of Vietnam's leaders are senior citizens. It's hardly shocking, then, that when a Vietnamese magazine whose name means "youth" held a poll among its readers...