Word: enronizing
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...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...
...natural gas. Renewables are the next step. Royal Dutch/Shell has pledged to spend up to $1 billion on renewables through the next five years. Japanese manufacturers, led by Sharp and Kyocera, have moved aggressively into photovoltaic cells, which turn sunlight into electricity. And in April General Electric snapped up Enron Wind from the bankrupt energy giant. "We are on a journey to a lower-carbon world," says Graham Baxter, an executive at Britain's BP, which is building a $100 million solar plant in Spain...
Before its messy decline and fall, Enron had plenty of clout in George W. Bush's Washington, from the personal ties between chairman Ken Lay and the President to the company's alleged influence on Vice President Dick Cheney's energy task force. But Enron's cozy relationship with Washington didn't start there. Documents obtained by TIME show the energy giant enjoyed much closer ties with Clinton Administration regulators than was generally known. Long before Cheney's task force met with Enron officials and included their ideas in Bush's energy plan, Clinton's energy team was doing much...
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...
When struggling McCall's magazine made a pact with ROSIE O'DONNELL to become Rosie, it was as if Enron got the right to change its name to John Wayne Energy: a really sweet rebranding opportunity. But Rosie's publishers are fighting with the ex-talk show host, who gets a big payout if the magazine is a success, over how much say she should have in matters of content. Angry notes and behind-the-scenes sniping from both sides have turned up in the press, as have some unusual story proposals attributed to O'Donnell. Among the contested ideas...