If you haven't been closely following the story on the purported e-mail that "proved" army secretary and former Enron executive Thomas White knew about the funny accounting going on at that company -- thereby complicit in duping investors -- then Patrick Sullivan has an excellent "the story so far" piece here. (Thanks to Henry Hanks […]
In addition to the note at the bottom of Krugman's column (you can find the link below), the New York Times also had this short article regarding the issue. The article, and Krugman's retraction, made news at Jim Romenesko's Media News, and prompted Jason Leopold to write in and defend his article. You can find […]
We finally get to find out what noted economist Paul Krugman's solution to the country's economic problems is. Krugman is at his best when he sticks to the economics, and puts his lame, petty, partisan attacks aside. Krugman's analysis is interesting. Who knows? He may even be right. But his solution is questionable at best. […]
I'm not going to defend Secretary of the Army Thomas White from Paul Krugman. I'm no fan of Enron, but I am going to continue to correct a couple of misleading statements that Krugman seems intent on perpetuating. [I]n February 2001 Enron presented an imposing facade, but insiders knew better: they were desperately struggling to […]
As part of the promotion for the Stanley Kubrick/Steven Spielberg movie A.I., Dreamworks created an ingenious online game that had Internet cybersleuths trying to solve a murder mystery. The puzzles were extremely complicated -- and unlikely to ever be solved by just one person. So, thousands of people banded together, using their expertise, knowledge, and […]
A friend of mine suggested I comment on the San Diego Chargers (finally) signing first-round pick (No.5 overall) Quentin Jammer. I don't know what Chargers General Manager John Butler was trying to prove by trying to sign Jammer for less than the No. 6 pick. Fans would've been on the Chargers' side if Jammer was […]
The Washington Post has a long article on Worldcom's demise. Thousands of pages of previously undisclosed company documents reviewed by The Washington Post, along with interviews with former employees and people familiar with WorldCom's operations, reveal a grow-at-any-cost culture that made it possible for employees and managers to game the system internally and to deceive […]
The New York Times' Paul Krugman would have you believe that Enron and Cisco Systems are one in the same. True, Enron has filed for bankruptcy, and its main business was trading intangible things, and investors and analysts were too prideful to concede that they never knew exactly how the company made its money -- […]
It should come as no surprise that there is nary a mention of Krugman's little gaffe on the Bush/Rangers deal in his latest column. Instead Krugman continues his partisan attacks on Bush. I'm sure that lots of history is being falsified as you read this -- there are several three-letter agencies I don't trust at […]
If you haven't been reading The Washington Post's series on the fall of Enron, you're missing out. The latest installment is here. I know you've heard it before, but I'd like to point out the following paragraph: That same day, Robert E. Rubin, the former Treasury secretary now with Citigroup Inc., called Peter R. Fisher, […]