Word: houstonize
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...incentives. The benefits to be gained from the system--taking advantage of its loopholes and stretching them wider--are all too obvious. Mike Aguirre, a San Diego lawyer who specializes in fraud and is representing California in one of its suits against Enron, took an energy-trading course in Houston last year in an enterprising bid to understand what the other side was being taught. There he learned Megawatt Laundering, or how to sell California its own electricity for a higher price by pretending it came from out of state. He also learned the Daisy Chain Swap...
When Duncan, 43, takes the stand this week in federal court in Houston, he is expected to reveal that he began to worry about Enron much earlier than has been reported. James Benjamin, head of the accounting department at Texas A&M University, told TIME that Duncan, his former student, confided in the summer of 2000 that "he was feeling frustrated with the complexity of the situation and concerned about what Andersen was doing and what was right." Duncan's pastor, Jim Jackson, says the accountant told him he had suggested to colleagues that Andersen should consider dropping Enron...
...happened at an Acquire The Fire rally. The nationwide organization stages Gospel rallies MTV style, and suddenly 17-year-old Jessica Ray, who was there with a Houston-based youth group she describes as "complacent," was on fire. Afterward she "took the challenge" and smashed all her CDs that weren't Christian. "I wanted to be putting wisdom into my ears, not trash," she says...
Already the diplomatic initiative in the region has passed from Washington to, of all places, the normally unwakable Saudi Arabian capital of Riyadh. Crown Prince Abdullah gave Cheney "an earload full" at a private dinner in Houston on Wednesday--urging the Veep to abandon the Administration's pro-Israel tilt. And when Abdullah met with the President in Crawford, Texas, on Thursday, there were even signs that the old Bush charm had lost its purchase. Accounts of the 5-hr. meeting vary dramatically. According to two sources, Abdullah surprised Bush with three handouts--a photo album and two videocassettes--each...
Brandon K. Guttman ’00-’02, who will run Jimmysurf.com next year with his partner Dan Houston ’01, said this competition provided good practice for making business pitches...