Word: fraude
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...biggest corporate fraud in history is turning into one of Broadway's most expensive plays. A team of theater producers is spending nearly $4 million to bring Enron to New York City from London. That's a fraction of what Hollywood routinely doles out, but on Broadway the multimillion-dollar budget of the play, which is set to open for previews on April 8, is drawing attention...
...tough economic times, though, may be exactly what Enron has going for it. The play details the rise and fall of the notorious, eponymously named, Houston-based energy company, which collapsed amid fraud in 2002. The demise of Enron had little to do with mortgages, bank bailouts or any of the things that have been at the heart of the recent financial crisis. Nonetheless, the lead producer of Enron, Jeffrey Richards, says the play is sure to strike a contemporary chord with audiences. (See the top 10 plays...
...Just like the fraud, though, bringing Enron, which has been running in London for months, to Broadway is costing big bucks. In general, operating on Broadway has grown more expensive than it used to be. Producers say most plays cost between $2 million and $3 million to launch on New York's main stages these days. Musicals like Wicked can cost as much as $15 million, but they tend to draw bigger audiences than dramatic plays. The higher production costs are driving up ticket prices on Broadway and pushing out the time it takes productions to be profitable. Many plays...
...investigative reporting prize went to Raquel Rutledge of the Milwaukee Journal Sentinel for her year-long series “Cashing in on Kids.” Rutledge’s articles exposed the corruption and fraud in Wisconsin’s child care program, leading to the passage of new laws aimed at eliminating criminal activities in the daycare business...
Despite failed ballot-counting systems and allegations of fraud, Faure Gnassingbe, son of Togo's former dictator, declared victory after the nation's March 4 presidential election. Supporters of opposition leader Jean-Pierre Fabre held demonstrations that were quickly broken up by police wielding tear gas and water cannons. Gnassingbe's family has ruled Togo for 43 years; he has led since...