Word: overtness
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...money that Enron, and particularly Andersen, has been doling out to Washington so generously in the last decade has touched both parties, and if it hasn't yielded much in the way of overt favors, it's netted plenty in the way of what Congress specializes in - inaction. It was Congress that spiked Arthur Levitt's crusade to separate accounting from consulting two years ago, Congress that keeps passing the impenetrable tax laws Ken Lay so deftly danced upon. Congress that leaves accounting and disclosure loopholes big enough for Lay to pay back a billion-dollar loan in stock without...
...short term remains laced with dangers. Household spenders are vulnerable to the triple-threat of high unemployment, rising long-term interest rates and the negative wealth effect of what Greenspan euphemized as "equity deflation." (Interestingly, Greenspan lent no overt credence to the worries about consumer debt that have cropped up lately, though rising mortgage rates are certainly part of that.) Businesses, without consumer demand (or, for that matter, much in the way of profits) to inspire them, may be slow to begin the capital investments that will fuel the next expansion...
...Bush's exposure to any wrongdoing that gets attributed to Lay and his crowd seems limited. Sure, this White House has been an overt fan of energy deregulation, and certainly Bush didn't see Enron's role in the California crisis quite the way, say, Gray Davis did. And the list of Administration members with Enron connections is long indeed - aside form Lay buddies Bush and Cheney, Karl Rove was a big stockholder, Larry Lindsey and Robert Zoellick were $50,000-a-year board members, Marc Racicot was a lobbyist until Tuesday and Secretary of the Army Thomas White...
...massive aerial campaign, starting as soon as ships and planes could be put into place. As Tenet had proposed, CIA operatives and a handful of military commandos would go into Afghanistan first, followed closely by the military's special forces. The two armies, one covert and one overt, would work together. White House officials cast the Camp David decision as the most important of the war. "For the first time," said Stephen Hadley, Rice's deputy at the NSC, "America is getting serious [about terrorism], because it is going to put its people at risk...
...charges, for which the Constitution applies a maximum penalty of death. That's partly because the framers, mindful of how abusively treason had been applied in England, set a high standard of proof: a confession in open court, or at least two witnesses testifying to someone's waging an "overt act" of war against his country or giving aid and comfort to the enemy...