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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • A Buddhist monk looks on in Phnom Penh, Cambodia Thursday, Jan. 8, 2009. Buddhism is the predominate religion in Cambodia. From AP Photo by David Longstreath.

      A Buddhist monk looks on in Phnom Penh, Cambodia Thursday, Jan. 8, 2009. Buddhism is the predominate religion in Cambodia.

    • The cast of "House" including actors Hugh Laurie (3rd R) and Jennifer Morrison (4th R), pose backstage after winning the award for Favorite TV Drama at the 35th annual People's Choice awards in Los Angeles January 7, 2009. From Reuters Pictures by REUTERS.

      The cast of "House" including actors Hugh Laurie (3rd R) and Jennifer Morrison (4th R), pose backstage after winning the award for Favorite TV Drama at the 35th annual People's Choice awards in Los Angeles January 7, 2009.

    • TOKYO - JANUARY 08:  Former sumo wrestler Jesse Takamiyama (L) demonstrates the ease of the Electronic System for Travel Authorization (ESTA) at the U.S. Embassy on January 8, 2009 in Tokyo, Japan. The system will become mandatory on January 12 to all nationals or citizens of the Visa Waiver Program (VWP) countries. From Getty Images.

      TOKYO - JANUARY 08: Former sumo wrestler Jesse Takamiyama (L) demonstrates the ease of the Electronic System for Travel Authorization (ESTA) at the U.S. Embassy on January 8, 2009 in Tokyo, Japan. The system will become mandatory on January 12 to all nationals or citizens of the Visa Waiver Program (VWP) countries.

  • Recently starred
    • WASHINGTON - JANUARY 07:  U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president. From Getty Images.

      WASHINGTON - JANUARY 07: U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president.

    • North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008. From Reuters Pictures by REUTERS.

      North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008.

    • Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday. From Reuters Pictures by REUTERS.

      Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday.

    • An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas. From Reuters Pictures by REUTERS.

      An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas.

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Enron / Articles Organization

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...spokespeople failed to return calls for comment; Born also refused to comment because her law firm now represents several Enron creditors. But observers argue that the CFMA essentially let Enron move forward with its plan to aggressively court derivatives...
...Kenneth Lay died of a heart attack before he could be sentenced. "The company should still be here today," Hueston said about Enron. He described the winds of a perfect storm of ethical failures that ruined the company and inflicted horrific financial losses...
...after the merger with Internorth, Lay hired the consulting firm, McKinsey & Co., to help develop a business strategy for Enron. One of the consultants assigned to the Enron study was Jeffrey Skilling. Lay subsequently hired Skilling to develop new business...
...all Enron-like deals began to founder in the market. Dominion Utilities had a bond, Dominion Fiber Ventures, that was an Enron-like structure. It was only 3% of their capital structure, though, so unlike Enron, it wouldn’t kill them. We quietly bought as much...
...to try to sort something like this out," said John Beard, a former Enron accountant who was featured in the 2005 documentary, Enron: The Smartest Guys in the Room. "If I get anything, it's going to be found money as far as I'm concerned." Thursday's meeting...
...We learned that the company was a house of cards with jokers for managers. Four factors sum up the problems surrounding Enron. With few constraints, top managers engaged in self-dealing, including high salaries, huge stock options, and lots of perquisites...
...my wonderment to headquarters, which expressed its own shock in response, and I left after a few weeks. It turned out that Enron had purchased companies on the relative cheap, which, if Enron were successful with its Kyoto gambit, would prosper – possibly...
...the last decade, Vickers writes, the public SEC filings of Citigroup and J.P. Morgan Chase failed to reveal the controversial Enron transactions and even “the scant information” provided after the company’s bankruptcy was woefully inadequate “and failed, even...
...two people in this country are more responsible for enabling this sordid behavior than the power couple Phil and Wendy Gramm. Enron, lest we forget, was their baby. Then-Sen. Gramm sponsored the Commodity Futures Modernization Act of 2000, which allowed Enron's...
...UBS Warburg bought Enron's energy trading operations. UBS PaineWebber which is a subsidiary of UBS Warburg, was in charge of Enron's employee stock option program. In 2000 those terms were known only to a small circle of investment bankers and brokers who...

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