Word: enronization
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Dates: during 2000-2009
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...course. Savisaar is currently negotiating for the government to buy back the national railway, which it privatized in 2001 - a decision it now regrets. Plans to sell the state-owned energy company collapsed in 2002 when the acquiring U.S. firm couldn't obtain financing in the wake of Enron's bankruptcy. Estonia went through a brief recession and the government had to slash spending when Russia's financial crisis hit in 1998. The birthrate collapsed in the 1990s and has only now begun to turn upward again, helped by incentives including 15 months' maternity leave on full pay. And while...
...motion, prosecutors argue that the current law is not fair to crime victims and "erases hard-won verdicts." The Enron task force wants the new law to be retroactive to July 1 - four days before Lay died. The proposal has sparked a hot legal debate among those involved in and observing the Enron case...
...This is the latest proof of how the lynch mob mentality that the Enron Task Force has incited and fueled, prevails over the rule of law," says Skilling's defense attorney Daniel M. Petrocelli. "The proposed legislation is openly unconstitutional. And the motion to the court asks the court in the starkest terms to participate in a knowing violation of the Constitution. I trust the court will reject the invitation...
...While some attorneys, and victims of the Enron scandal, argue that letting Lay - even in death - off the hook is a miscarriage of justice, others say the proposal is mean-spirited. "It's a disguised attempt to punish Lay further - not to help crime victims," says attorney Joel Androphy, author of the legal text White Collar Crime. "It has no global purpose other than being vindictive." Even though the criminal case is over, Androphy points out, Enron victims will still be compensated, because Lay's estate will have to pay any civil judgments. He argues that the proposed law sends...
...They've done the impossible," says Houston attorney Brian Wice, referring to the Enron prosecutors. "They managed to get a death sentence in a non-capital case - and it's still not enough for them...