Two WorldCom Execs to Take Fifth Amendment
Two subpoenaed former WorldCom executives Bernard Ebbers and Scott Sullivan will refuse to testify before a House Financial Services Committee probing alleged investor fraud. Chairman Rep. Michael Oxley notes they will invoke the Fifth Amendment. current WorldCom leaders and stock analyst Jack Grubman are also subpoenaed as the company fights bankruptcy after disguising 3.9 billion dollars in expenses as capital expenditures to appear profitable.
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Washington
WorldCom Inc
House
Michael Oxley
Ohio
House Financial Services Committee
Oxley
Bernard J. Ebbers
WorldCom
Scott D. Sullivan
Jack Grubman
MCI
Friends mourn deaths of LAX shooting victims
Friends and relatives gathered in Los Angeles to mourn Yaakov Aminov and Victoria Hen, slain July 4 at the El Al ticket counter in a shooting the FBI is investigating as possible terrorism. Aminov, a 46 year old diamond jeweler and father of eight, was remembered for faith and family.
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Los Angeles
FBI
Hesham Mohamed Hadayet
Israel
Yaakov Aminov
Victoria Hen
el al
Aminov
NAACP chief denounces Bush in Houston speech
NAACP board chairman Julian Bond denounced the Bush administration and Ashcroft over civil rights enforcement at the 93rd Annual NAACP Convention. Bond warned the president’s record diverged from promises to enforce civil rights laws as Mfume prepares to speak and a report on election reform is planned for release.
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Houston
Bush
John Ashcroft
Naacp Board
Julian Bond
NAACP
Kweisi Mfume
White House
Claire Buchan
Mfume
National Association For the Advancement of Colored People
Congress
Texas flood victims survey damage in Brownwood
In Brownwood Texas residents faced rising water as a 2 square mile downtown area flooded three to four feet deep while Lake Brownwood neared crest. Across the state more than 30 inches of rain caused tens of millions in damage and eight deaths. Federal disaster declarations expanded to 13 Texas counties as rivers rose.
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Brownwood
Texas
Pecan Bayou
Mel Robertson
New Braunfels
Guadalupe River
Fred Maxwell
Maxwell
Allison
American Red Cross
Bush
Rick Perry
Guadalupe
Gulf of Mexico
Market Bleak Week But Outlook Brighter For Second Half
Washington reports investors endure accounting scandals and stock losses as Dow dips below 9000 then rallies 324 points. Private economists foresee solid growth after a volatile first half, fueled by low mortgage rates and auto financing as foreseen declines in jobless claims bolster consumer spending. WorldCom cuts 17000 jobs, deepening market pessimism amid telecom sector turmoil.
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Washington
Wall Street
Main Street
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Michael Arrey
The
Finney County Sheriff’s Office
Kevin Bascue
Finney County Law Enforcement Center
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Aurelio Macias
Hei
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Wer Heig
Avelino Ortiz Jr
Edward A. Munoz
Armando Salas
Garden City Police Department
James R. Hawkins
Investigations & Security Inc
Ted Shoemaker
Bernardo Garden
Joe A. Torres
Banquo Logan
Jesse Flores
Jaqueline Landgraf
Dale Williams
Chamber Drive
Garden City
Williams Dale
Genet.com
Mateo Gomez
Roger Correa Jr
Derek L. Davis
Alexis V. Lugo
Rosendo Gallegos
Wildred Lynn Mine
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Joshua Bird
Juan Salome Asebedo
Esteban Acosta
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