Word: houstonize
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...lawyer, Lay appeared to avoid answering some questions directly, saying only what he wanted to say, when he wanted to say it. "Ken Lay wants you to believe he relied on his lawyers while at Enron, but he's not relying on them at trial," says Houston attorney Joel Androphy, author of a the textbook White Collar Crime. Lay's lead attorney, Mike Ramsey, has not returned to the courtroom after heart surgery. While his team of three attorneys, along with Lay's daughter Elizabeth Vittor, have been in charge since, Lay appears to be taking control of his defense...
...testified that he sold the shares back to the company - rather than through his broker on the open market, in which case they would have been immediately reported - because it was "a lot more efficient." That was "a very unconvincing explanation," in the view of one courtroom observer, Houston attorney Michael Wynne, who is building his own case against banks that funded Enron in its last days...
...Civil rights activists, most prominently the Rev. Jesse Jackson, fought unsuccessfully to have the election delayed and to have satellite voting stations set up outside Louisiana, in cities like Houston and Atlanta, where a large number of evacuees are still living. Turnout in predominantly African-American precincts was about 30% vs. nearly 50% for mostly white precincts, according to an analysis by GCR and Associates, done for the New Orleans Redevelopment Authority. Although Secretary of State Al Ater said the election went off without a hitch, Jackson's Rainbow/PUSH Coalition has threatened to sue for violation of voting rights...
...cable operations around Europe, and Echostar, the second largest satellite-television provider in the U.S. Along with Goldman Sachs, they led a $46.6 million Sling investment in January. Doubtless, competition will come. Sony is marketing a box it calls LocationFree. Other Sling rivals include Emeryville, California-based Orb and Houston-based SnapStream. Set-top boxmakers such as Scientific Atlanta, recently acquired by Cisco, are incorporating place-shifting into their devices. But is there really a mass market of people who need real-time TV broadcasts on the road? The underlying technology is already with us: there are over 200 million...
...Skilling denied talking to them about the company's fortunes, testimony that his ex-wife confirmed, somewhat unconvincingly, in court. (The jury tittered when she said she "didn't pay much attention" to her ex.) "They directly impeached him on insider trading. His story's just not credible," says Houston attorney David Berg, author of The Trial Lawyer: What It Takes to Win. "The fact that he's been impeached on something so essential to the case tells the jury that he's not to be trusted on other testimony...