Word: enronization
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...Issue ? Topics include Michael Jordan, the debate over a national ID card, award shows and Enron's downfall...
...artillery fire from the Dems it's usually directed at the Bush Administration, not Bush himself. One favorite whipping boy is Office of Management and Budget Director Mitch Daniels. Democrat Kent Conrad, who chairs the Senate Budget Committee, practically accused him in hearings last week of going to the Enron School of Accounting in drafting the federal budget. The other target is Treasury Secretary Paul O'Neill. He got into a silly spat last week with the Democrats' senior senator, Robert Byrd, over which one of them came from the humblest beginnings...
...That's assuming the deal goes through. In the wake of the Enron debacle, questions are being raised about Global Crossing's aggressive accounting practices. And even if a bankruptcy judge approves the bailout, it could take another dotcom boom for the investment to pan out. Li, however, doesn't mind taking big risks for big rewards...
People of the Week SOB STORY His employees might be broke thanks to his company's creative accounting, but ex-Enron CEO Kenneth Lay and his wife Linda are also feeling the pain. The couple claim they are nearing bankruptcy because their fortune is locked in worthless Enron stock. Hmm, sounds familiar...
Summers also addressed other issues including Harvard social life, grade inflation, the Harvard connection to the Enron Corporation, and the Freshman Seminar Program before ceding the floor...