Word: enronization
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Being at the Winter Olympic Games is like being at Disneyland. For the past 16 days, we have existed in an Enron-free world of snow and smiles. We have worried about medal tallies instead of death tolls, snowfall rather than falling stock prices. And now, as these Salt Lake City Games draw to a close, we find ourselves looking forward to the next Games...
Controversy over the fate of the records came to a head as news organizations and public interest groups asked for documents relating to the president’s relationship with the Houston-based Enron Corporation. The failed utilities trading firm was suspected of donation-bought political influence, especially in its home state. It is certainly reasonable that Bush’s public records be easily accessible to the public, especially to aid the investigation of Enron’s collapse and the terrible blow it dealt its employees. The current situation hardly promotes the transparency necessary for our democratic institutions...
This is not the only time Bush and his cohorts have had trouble releasing documents. The General Accounting Office (the investigative arm of Congress) is currently suing Vice President Dick Cheney over records of his consultation with top Enron officials in crafting the administration’s energy policy...
...Past Issues Breast Cancer Feb. 18, 2002 ----------------- Olympic Preview Feb. 11, 2002 ----------------- The Enron Mess Feb. 4, 2002 ----------------- Your On Your Own Jan. 28, 2002 ----------------- Staying Healthy Jan. 21, 2002 ----------------- Apple's New Core Jan. 14, 2002 ----------------- Person of the Year...
...Financial journalists, eager not to let the next Enron pass them by, have been taking the company to task for its accounting practices: conveniently categorized asset sales, share buy-backs and adjustments to the projections of pension-fund earnings and long-term services contracts. And investors, led by those same market-making investment firms that Congress is penciling in for its spring hearings season, have turned up the heat on current CEO Jeff Palmisano. IBM is down 20 percent on the year, and fell nearly $4 Tuesday, bringing both the Dow and the techs down with it. (The latest kick...