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| USA: Cheney Had Iraq in His Sight
by Simon English in New York, The Daily Telegraph/UK
July 22nd, 2003
Documents released under America's Freedom of Information Act reveal that an energy task force led by vice-president Dick Cheney was examining Iraq's oil assets two years before the latest war began. |
| USA: Enron Used U.S. Government to Bully Developing Nations
by Emad Mekay, Inter Press Service
May 30th, 2003
Defunct energy giant Enron used the U.S. government to coerce the World Bank and poor nations to grant concessions and resolve its investment problems, according to documents and correspondence released by the Treasury Department. |
| WORLD: Internal Review Criticizes World Bank Mining, Oil and Gas Projects
by By Emad Mekay, Inter Press Service
April 2nd, 2003
The World Bank should revamp its lending policies for mining, oil and gas projects to avoid corruption, mismanagement and poor economic performance spreading in countries that rely on such industries, says a confidential study by the Bank's internal review body. |
| USA: The Ten Worst Corporations of 2002
by Russell Mokhiber and Robert Weissman, Multinational Monitor
January 3rd, 2003
2002 will forever be remembered as the year of corporate crime, the year even President George Bush embraced the notion of "corporate responsibility." |
| USA: Enron Election Fallout Expected to be Minor
by Michael Hedges, Houston Chronicle
October 22nd, 2002
WASHINGTON -- After Enron went through its high-profile collapse, elected officials trembled at the price they might have to pay this November. |
| US: Lawsuit Seeks IPO Profits From Five Executives
Washington Post
October 1st, 2002
NEW YORK (September 30) -- New York's attorney general today sought to force five telecommunications executives to give up millions of dollars in profits they earned selling shares in companies going public during the Internet boom. |
| US: Telecom Swap Meet
by Cynthia L. Webb, WashingtonPost.com
September 25th, 2002
Surprise, surprise. Some big telecoms, just like a variety of other New Economy firms, engaged in questionable accounting practices to inflate revenues. In the case of several brand-name telecoms, the companies swapped bandwidth capacity with each other and then booked the deals as revenue. Revelations of just how far many companies took this scheme -- including allegations of verbal agreements made in tandem with written contracts -- were highlighted at a congressional hearing yesterday. |
| USA: The Vast Sucking Sound of White Collar Crime
by Farai Chedeya, Pop and Politics.com
September 18th, 2002
The only paper I read with regularity these days is the Wall Street Journal. Although its editorial writers are patently insane, the news and feature writers have recently dedicated themselves to thoughtful pieces on what should be the most important story of our day: the collapse of our economy. |
| US: Enron's Giant Bandwith Scam
by Stephen Pizzo, Daily Enron
September 13th, 2002
At some point it dawned on the wheeler-dealers at Enron that selling real things - like gas and oil - had it limits. What they needed were products that had no physical limits. Energy contract futures were their first discovery, and how sweet they were. No more messy oil or smelly gas to deliver - just electronic bookkeeping notations. That's when Jeffrey Skilling discovered a product so ephemeral it bordered on metaphysical - bandwidth. |
| USA: IRS Kicks Back Corporate Fines
by Stephen Pizzo, Daily Enron
September 4th, 2002
Ever wonder why it is that when a company gets caught lying to, and/or cheating investors that they so often settle the case quickly, agreeing to pay millions of dollars back but ''without admitting or denying'' they did anything wrong? |
| USA: What Do You Mean 'Us,' Boss?
by Steven Greenhouse, New York Times
September 2nd, 2002
Not long ago, before the accounting scandals at Enron, WorldCom and other companies, workers often saw themselves as management's best buddies. Gone was the old, us-against-them mentality in which workers viewed C.E.O.'s as robber barons intent on squeezing them for every last dollar. |
| USA: Enron Puts Assets Up for Sale
CNN/Money
August 27th, 2002
NEW YORK -- Bankrupt energy trader Enron Corp. started taking bids Tuesday for 12 assets, including electric utilities and natural gas pipelines, that make up a large portion of Enron's total holdings. |
| US: Government Secrecy and Corporate Crime
by Stephen Pizzo, Daily Enron
August 27th, 2002
What began with Vice President Dick Cheney's refusal 15 months ago to make his energy task force documents public expanded quickly to include policy making at virtually every level of government. And, after September 11, the blanket of secrecy - which had until then only covered the brass breasts of the DOJ's Lady Justice statue - darkened some of America's most valued constitutional protections. |
| USA: Enron Exec Kopper Cops a Plea
by Stephen Pizzo, Daily Enron
August 22nd, 2002
Yesterday former Enron insider Michael Kopper copped a plea. The former assistant to former Enron CFO, Andrew Fastow, jumped the first deal-express leaving the Department of Justice. |
| ASIA: Globalization Critics Gain from US Corp Scandals
by Marwaan Macan-Markar, Inter Press Service
August 13th, 2002
The timing of the scandals is apt, say some critics from South and South-east Asia, who ended a three-day conference here Monday. The crisis in corporate America comes at a moment when the Anti-Globalization movement in the region is reasserting itself after losing some steam following the September 11th attacks on the United States, they add. |
| USA: Cheney Dodges Halliburton Questions
by Stephen Pizzo, Daily Enron
August 8th, 2002
Vice President Dick Cheney ventured out of hiding yesterday. It was his first public appearance since becoming embroiled in allegations that his former company, Halliburton, cooked its books during his tenure as CEO. |
| USA: Harken Had Offshore Tax Shelter
by Stephen Pizzo, Daily Enron
July 31st, 2002
The New York Daily News reported today in an exclusive story that Harken Energy Corp. set up an offshore subsidiary in the Cayman Islands to avoid US taxes during the time President Bush saton Harken's board of directors. |
| USA: Politics Cleared Way for Financial Scandals
by Molly Ivins, Boulder Daily Camera
July 31st, 2002
The New Yorker magazine published an amusing parody on recent business scandals last week, including this gem: "Mr. Cheney called for an end to innuendo about his activities in a now bankrupt Pitcairn Island firm that sold itself the air rights to a million acres of West Texas flatlands, deducted the transaction from its taxes as an entertainment expense, then borrowed $14 million interest-free from the Lichtenstein bank it owned, using its assets of company-acquired Callaway golf clubs as collateral, to finance the purchase of gifts for some Bessarabian oil prospectors who were then passing through Dallas." |
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