Word: enronization
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...Dallas hotel last week--men whose weathered faces spoke of long days riding tractors and branding cattle--was getting such a kick out of the afternoon's speaker, the African-American Democratic nominee for Senator? Ron Kirk had them applauding from the moment he told them, "I sure wish Enron ran their business the way y'all run yours." By the time he had finished up with his line about giving the capital a dose of "what it's like to be on the front lines of problem solving," some were ready to pledge their votes. "If there...
...which freed the region from crippling hyperinflation and ushered in hundreds of billions of dollars in foreign investment. But they couldn't whip the plague of corrupt elites, absentee judicial systems and addiction to foreign capital that made Latin American capitalism as ripe for abuse and collapse as an Enron office suite. Says Stanford University Latin America scholar Terry Karl: "The Washington Consensus just further concentrated economic and political power in a region that already had the worst inequality in the world...
...Clinton officials also made efforts to help Enron get business overseas. Clinton Energy Secretary Hazel O'Leary included Enron officials on trade missions to India, China, Pakistan and South Africa. White, returning from a 1994 trip to Mexico, wrote chairman Lay that "much opportunity" existed there for natural gas, and he sent a copy of Mexico's energy plans. To persuade an Enron senior vice president to join a mission to Pakistan, White wrote, "I have strong personal relationships with the existing government...
...Enron showed its gratitude. At Christmas 1995, documents show, it donated an unknown sum of cash in O'Leary's name to a charity called "I Have a Dream." And when Clinton ran for re-election a year later, the company made its largest single contribution ever-$100,000-to the President's party...
...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...