The big story in the Milwaukee area is the pension scandal. Long-time Milwaukee County employees could reap millions from the plan. County board supervisors claim ignorance for voting for the plan last year. The public is showing more anger and emotion than during the debate over building Miller Park. A recall […]
The Bush White House doesn’t leak. Mary Matlin says it’s because everyone’s on the same page and no one is “trying to advance any position but the president’s.” There doesn’t seem to be the left-right Republican camps struggling for power.
“Loose Lips, Pink Slips” [via Kaus]
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It takes real talent to boil an complex issue down to one sentence. George Will does it with Enron’s collapse by writing, “Rather, the cause was the growing arrogance of executives who became confident that no one was looking over their shoulders, watching — and understanding — what they were doing.”
“The Arrogance of the […]
Black Hawk Down may be #1 at the box office, but according to my sister and mother, it’s a bloodbath. Not for the squimish. I’m reading the book now, and it looks like Ridley Scott stays true to the book. Author Mark Bowden didn’t flinch in reporting all the detail of bullets […]
An interesting idea for accounting reform (that term has never been mentioned in a non-trade news source) is to make public companies rotate auditors. The theory is that accounting firms would be tougher on companies because a competing firm would be looking at their work some time in the future.
“Big Five Quake as Andersen […]
While stark, the treatment of Afghan prisoners in Cuba doesn’t seem inhumane. They get fed and are allowed to pray. They’re being treated that well in spite of the threat that they want to kill an American before they leave.
Which brings me to this question: When will those prisoners leave? The […]
Page down to the part where Jonah Goldberg writes about the Holy Grail. If you don’t laugh, slam your forehead on a hard object for a few seconds, then re-read.
“Immanent Corrections”
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Enron fires Andersen. But what’s really interesting is the comment from Enron attorney Bob Bennett:
We’re very troubled about the destruction of the documents, and we’re very concerned about the accounting advice we got.
It’s Andersen’s fault? Andersen didn’t set up partnerships to move debt and losses from the books. That was the decision […]
Andersen knew that Enron’s accounting tricks to divert debt from their balance sheet wasn’t the wisest thing to do. Executives of the accounting firm even talked about cutting ties with Enron.
It’s not a real shock that Andersen knew about the potential consequences. They were Enron’s accountants. They had access to the books […]
A NOW spin-off wants to stick their paws in 9.11 relief money so they can promote affirmative action. The money is supposed to be used to rebuild New York City, not for liberal social engineering.
“Women’s Group to Congress: Give Us 9/11 Money or See You in Court”
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It’s interesting to compare how private business handles crisis compared to public entities. Andersen fired the lead auditor of Enron and suspended others. The accounting giant seems to be taking this scandal very seriously.
Now, compare this to post-9/11. Most agree that the attacks were a complete failure of the intelligence community, yet […]
Consumers are doing their part in holding up the U.S. economy. December sales fell slightly. If consumer spending holds up, the key to recovery will be capital spending, and businesses may gain confidence to invest more into their companies with this new data.
“Retail Sales Dip Much-Smaller-Than-Expected 0.1 Percent in December”
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On the affect of large campaign donations from Enron on the Bush administrations “inactivity,” Bill Allison of the Center for Public Integrity said officals couldn’t act because “The appearance would have looked terrible. They felt that they couldn’t act on behalf of Enron because of the political fallout.” Whether Allison feels officals should […]
Schottenheimer’s out and Spurrier’s in. Now, the Redskins are looking for a General Manager. One name floating around is ex-Packers GM Ron Wolf. He won’t take the job. He’d want total control, and owner Daniel Snyder is running the show in Washington.
“Redskins Fire Schottenheimer; Spurrier’s in”
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Congressman Waxman (D-CA) is taking advantage of the Enron affair. NRO’s Byron York reports that Waxman’s trouncing Sen. Lieberman (D-CT) and Sen. Levin (D-MI) in press coverage, and Waxman has no subpoena power.
“Waxman?s Enron Attack”
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