Word: enronizing
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...wind turbines being installed in the fast-growing U.S. market, which this year alone will nearly double the total installed base of wind power. The only American wind firm with the heft to compete with the large European companies is an arm of the energy giant Enron, based in Houston...
...entire California congressional delegation, Democratic and Republican, says the market now is anything but free. It is being manipulated, in their view, by energy companies that have wrung billions out of California consumers by squeezing supply to create artificial shortages. Why else, they say, would California power suppliers like Enron Corp.--a Houston-based trading giant headed by one of Bush's top donors and informal energy advisers--be seeing their revenues jump 281% in the first quarter? Even a respected free-marketeer like Alfred Kahn, the father of airline deregulation, has had enough. "The notion that caps automatically interfere...
...Bush recount effort in Florida, is a director, and chairman Steve Letbetter was a top Bush fund raiser.) Republican sources tell TIME that Scott Reed, the longtime G.O.P. activist who heads A.T.A., hopes to raise $25 million to keep the ads running. Bush outside adviser Ed Gillespie, an Enron lobbyist, is raising a separate $500,000 war chest for ads attacking price caps...
...stock. Rove has denied any impropriety, with White House officials saying that the conversation was about how the company could support the president's policies, not about a pending merger (others don't remember it quite that way). Until June 7, Rove also held more than $100,000 in Enron stock; during that time he had conversations with the energy giant's CEO, Kenneth Lay, about energy policy. His holdings in some other companies that care about the administration's views were even larger...
...competitive systems like Enron's have a weakness, it's that they can stir suspicion and discourage teamwork. If I help you, you'll get a better rank than I will. Challenger tells of a manager who recently had to rank all his people in preparation for a 10% work-force reduction. "It was agonizing," Challenger says, "because everyone in his department played a unique role." When such choices arise, he adds, "all the relationships instantly become strained...