WorldCom hid losses years before civil fraud charges
Documents show WorldCom mischaracterized expenses as capital as early as 2000. Internal auditors and staff warned leaders, but senior executives dismissed concerns. Bernard Ebbers and Scott Sullivan faced investigations as WorldCom laid off 17,000 workers amid possible bankruptcy.
MENTIONED IN THIS ARTICLE
Washington
WorldCom Inc
WorldCom
Billy Tauzin
R-La
House Energy and Commerce Committee
Tauzin
Bernard Ebbers
Ebbers
ABC
Cynthia Cooper
Finance Department
Troy Normand
Normand
Cooper
Scott Sullivan
David Myers
Myers
Sullivan
Justice Department
Securities and Exchange Commission
SEC
Brad Burns
SEC chief promises vigorous investigations into Cheney era Halliburton
SEC Chairman Harvey Pitt pledges vigorous inquiry into Halliburton Co accounting for cost overruns during Dick Cheney's tenure and says enforcement action could follow if needed. He contests personal conflict claims and notes Bush decision on releasing older SEC documents, while lawmakers push for his resignation.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Dick Cheney
Hhe Agency
Sunny
Harvey Pitt
Bush
SEC
Ous
Pitt
Cheney
Halliburton Co
CBS
Governors meeting links scandals to state finances
Governors gathering at a national conference warn Wall Street crises hit Main Street with plunging revenues, pension fund losses, layoffs, and budget gaps. States like Michigan and West Virginia report unrealized pension losses and shortfalls, while tax refunds rise amid market instability and explanations focus on corporate irregularities.
MENTIONED IN THIS ARTICLE
Boise, Idaho
Wall Street
Main Street USA
Mississippi
Ronnie Musgrove
WorldCom
Cisco Systems and
Micron
Alaska
Tony Knowles
America
West Virginia
Bob Wise
Michigan
John Engler
Governors Group
Auditors question fuzzy math in U S government books
The piece notes Auditors critique accounting methods used by the U S government under Bush era plans. It cites a revised deficit outlook of 165 billion and a projected decade surplus cut to 827 billion, contrasting with earlier forecasts. The GAO warns of unreconciled transactions and shoddy bookkeeping impairing signoff.
MENTIONED IN THIS ARTICLE
Bush
Office of Management and Budget
White House
Washington
Fireworks ban faces enforcement hurdle in Lawrence
Officials debate a proposed fireworks ban with concerns it may be hard to enforce. Some urge a comprehensive ban while others note Ottawa’s strict rules and gradual compliance. Residents split, with supporters citing sleep disruption and police action, while opponents warn of pervasive violations. Staff writer Joel Mathis.
MENTIONED IN THIS ARTICLE
Dunfield
Mike Wildgen
Ottawa
Scott Bird
Bird
Lawrence
Patricia Sinclair
Sinclair
Wildgen
Also Mentioned on This Page
John Chambers
Cisco Systems Inc
Governor's Assn
Boise
Idaho
Frenzel
U.S
General Accounting Office
Urban Institute
Robert Reischauer
Congressional Budget Office
Laura Ashley & Armstrong
Iowa
Mortonbuildings.com
Joel Mathis
Wright
Wmeker Journal-Worth
Niehoff Htg. & Air, Inc
Lawrence Area
Bullene
Prairie Panents Ini
Boyds Resin
Harmony Kingdon
Middleton
Bismarck Gardens
Nunemaker-Ross Farms
Kansas
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