iOS app Android app

Enron

California Needs a New Constitution

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

If Arnold and the Democrats can waste state money holding failed ballot initiatives and "special elections" they can set aside a little cash for a Constitutional Convention.

How the Enron Disaster Could Have Been Avoided

Ryan Mack | Posted 05.25.2011 | Business
Ryan Mack

Employees are now burdened with the responsibility of planning for their own retirement since defined contribution plans became the norm.

Today's Speech for Tomorrow's Managers

Philip N. Cohen | Posted 05.25.2011 | Business
Philip N. Cohen

We may use market forces for what they are good for -- setting prices - without being used by them for what they are bad for -- greed and corruption.

Brazil's Earth Day Present: A Sustainable Energy Policy

Eric Ehrmann | Posted 05.25.2011 | Green
Eric Ehrmann

Brazil's sustainable energy dividend is the result of generations of trust and cooperation between a strong federal government, parastatal companies and global businesses who have developed the knack of working with them.

Realities of the Economic Crisis

Michael de Portu | Posted 05.25.2011 | Business
Michael de Portu

Financial fraud typically takes a long time to detect and yet, paradoxically, the tell-tale signs are (almost) always in plain sight.

Tax Day: A Great Day to Cheat

Jeff Kreisler | Posted 05.25.2011 | Comedy
Jeff Kreisler

Today is tax day, but, as Leona Helmsley wisely noted, "Only the little people pay taxes."

Endgame for Gramm?

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The "nation of whiners" comment during the campaign was a sideshow compared with the serious charges now swirling around UBS, charges that may finally prove to be Phil Gramm's undoing.

Agreements

Earl Pomerantz | Posted 05.25.2011 | Media
Earl Pomerantz

TV ratings don't accurately measure the size the audience. It doesn't matter.

Yelling From the Back Step

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

Defining Extravagance Up

Jamie Malanowski | Posted 05.25.2011 | Politics
Jamie Malanowski

It's admirable that our leaders now want to be frugal with our money but let's remember what the taxpayers themselves have been buying with money not rendered unto Uncle Sam.

Welcome to our ENRON-omy and the Year of the Probe

Robyn O'Brien | Posted 05.25.2011 | Business
Robyn O'Brien

While we read about Blagojevich's hairbrush and the $1,400 trashcan purchased by Merrill Lynch's CEO, the Dow saw "its worst performance ever" posting its worst January in its 113 year history.

Wealth Without Wall Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

A Nation of Village Idiots

James Moore | Posted 05.25.2011 | Business
James Moore

Don't let them tell you this economic meltdown is a complicated mess. It's not. Our national financial crisis is readily understood by anyone who has seen greed and hypocrisy.

Legislation Won't Prevent The Next Madoff: SEC Needs Talent, Technology & Collaboration (Not New Laws)

Marc Morgenstern | Posted 05.25.2011 | Business
Marc Morgenstern

Despite political pressure, investor protection cannot come at the cost of impeding needed capital formation.

Madoff Just the Start of Post-Bubble Scandals

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The $50-billion fraud, allegedly perpetrated by New York's Bernie Madoff, is a predictable outcome following the collapse of a speculative bubble. Big bubbles attract bigger crooks.

The Big Lie Exposed: Wall Street as Institutionalized Fraud

Jeff Schweitzer | Posted 05.25.2011 | Business
Jeff Schweitzer

While investors express dismay and shock about Bernard Madoff's $50 billion Ponzi scheme, nothing about the affair is even slightly surprising. The s...

Tools

Norman Horowitz | Posted 05.25.2011 | Politics
Norman Horowitz

Society does not work when it takes for granted the system's corruptibility. Make laws to protect society and expect them to be enforced.

Cheney's Legacy of Deception

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

In the end, the shame of Vice President Dick Cheney was total: unmitigated by any notion of a graceful departure, let alone the slightest obligation of honest accounting.

Algergone

Bob Franken | Posted 05.25.2011 | Politics
Bob Franken

If only Horatio Alger had been around today instead of the 19th century, so he could write new stories about how hard work is all it takes to make your fortune. He would have so much material.

Bush: On the Line

Jayne Lyn Stahl | Posted 05.25.2011 | Politics
Jayne Lyn Stahl

President Bush and his henchmen are working overtime to ensure that the full extent of damage inflicted upon detainees never sees the light of day.

Bernie Madoff's Scam "Larger Than Enron"

Clusterstock | John Carney | Posted 05.25.2011 | Business

The world is still stunned by the brazen scam run by Bernie Madoff. Although there's some gallows humor about the debacle--mostly along the lines of "...

A Dick Cheney Christmas Carol

Stu Kreisman | Posted 05.25.2011 | Style
Stu Kreisman

An excerpt from Dick Cheney's Diary: We turned around and I was back in my bedroom at stately Cheney Manor. "Ronnie? Mr. President?" I whispered, but he was gone.

John "Nuke Bailout" Bryson Must Not Be Secretary of Energy

Harvey Wasserman | Posted 05.25.2011 | Green
Harvey Wasserman

Long gone from Southern California Edison, John Bryson's ascent to head the Department of Energy would send a disastrous signal to those who are committed to a post fossil/nuclear future.

The Supermajority and the S&P 500

Ron Galloway | Posted 05.25.2011 | Business
Ron Galloway

As it becomes more clear that Democrats will be in charge, I believe the market is reacting to what it sees as a looming anti-business environment.

Whatever Happened To "The Magic Of The Marketplace" And "The Invisible Hand?"

Sandy Goodman | Posted 05.25.2011 | Business
Sandy Goodman

Many Americans still believe in the myth of the always perfect free market, in the face of irrefutable, worldwide evidence that there are times when it completely fails.