Word: enronization
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...many Americans, 2002 will go down in history as the year corporations failed them. Story after incredible story of greed and wrongdoing has created an array of new bogeymen: Tyco's Dennis Kozlowski (31 felony counts), Enron's Andrew Fastow (indicted for wire fraud, money laundering and conspiracy), ImClone's Sam Waksal (insider trading). Politicians have huffed and chuffed about how to fix the system, but legislation proposed to date is likely to lack teeth. The Bush Administration responded late to the public's sense of outrage, then seemed to lose focus. In the end, the only man who appeared...
...decide whether his results justified his means. HBO's The Wire used the story of a single Baltimore drug investigation as a parable for the crisis of confidence in American institutions. Its conflicted, bureaucracy-ridden cops could just as well have been wearing priests' collars or Enron workers' pinstripes. And in Minority Report, we learned that a futuristic, omniscient crime-fighting system involving government-enslaved psychics and near total surveillance is actually kinda neat--at least until it targets Tom Cruise...
Like Rowley and Watkins of Enron, Cooper grew up in a household where money was tight. She remembers the lights going out when she was little; her father Gene Ferrell remembers her worrying over him when she noticed a hole in the bottom of his shoe he hadn't told anyone about. As soon as she could get a job, she did. Beginning at age 14, she worked at a series of local eateries, including McDonald's and Morrow's Nut House...
...gaming on Indian reservations, Congress set up a regulatory scheme that is contradictory, inconsistent and shielded from public scrutiny. How arbitrary is it? The National Indian Gaming Commission can levy fines but has no power to collect them. Each tribe has its own gaming commission, but that's like Enron's auditors auditing themselves. States monitor casinos in some situations but not in others. Federal prosecutors may go after one casino for a gaming violation while ignoring the same violation by a wealthy and powerful tribe...
...living in? We call them emoticons now. In Britain, the worst royal scandal anyone could scare up this year was over a rape that allegedly occurred in 1989. And a gang of thugs wanted to kidnap Victoria Beckham, a.k.a. Posh Spice, now - that's like stealing someone's Enron stock. Even weirder were the public debates. Last year we were arguing about cloning and stem-cell research. This year, we pretended to argue about things we agreed upon long ago. The New York Times used its new front-page editorial section to lead the U.S. into a brave fight over...