Lay approved Enron deals, says investigator
Enron investigator William Powers testified that former chief Kenneth Lay approved partnership schemes used to hide debt, and that Lay sat in on a meeting about a partnership. Lay invoked the Fifth Amendment at a Senate hearing. Lawmakers seek questioning of Sherron Watkins under a friendly subpoena.
MENTIONED IN THIS ARTICLE
Enron
Powers
Senate Commerce Committee
Lay
Andrew Fastow
Jim Greenwood
R-Pa
House
Sherron Watkins
Watkins
Kenneth Lay invokes Fifth in Enron inquiry
Former Enron Chairman Kenneth Lay becomes the sixth person to invoke the Fifth Amendment in the ongoing Enron investigation. The amendment shields against self incrimination within the criminal justice system, a right dating from the Bill of Rights effective December 15, 1791.
MENTIONED IN THIS ARTICLE
Enron
Kenneth Lay
Provisions of Amendment V Cited in Rights Assertion
The speaker cites Fifth Amendment protections against self incrimination double jeopardy and takings with just compensation. They say counsel advised refusal to testify on Fifth Amendment grounds and worry about perceptions of hiding something.
Investigators Cite Lay In Enron Control Failures
Attorney general investigators testified that Kenneth Lay bore significant responsibility for Enron's failure to enforce strict controls to prevent abuses. Lay reportedly signed off on a deal approval for partnership-related transactions and believed them acceptable because Andersen audited them.
MENTIONED IN THIS ARTICLE
Philip Hilder
Lay
Powers
Enron
Andersen
Senate approves farm payments to cut irrigation use
The Senate backed a 1 billion program to pay farmers in seven states Maine New Hampshire Nevada New Mexico California Oregon and Washington to reduce irrigation water use to protect endangered fish. Passed 55 to 45 it aims to limit federal involvement disputes over water rights and species while expanding conservation spending and subsidies for crops including milk honey and lentils. Opponents worry new regulations will burden farmers and critics say the plan could lower prices by boosting production.
MENTIONED IN THIS ARTICLE
Washington
Senate
Maine
New Hampshire
Nevada
New Mexico
California
Oregon
Harry Reid
D-Nev
American Farm Bureau Federation
Bush Administration
United Airlines mechanics vote to authorize strike
United Airlines mechanics rejected a lucrative contract offering raises up to 37 percent and a backslide on gains, risking a strike at the nation's No. 2 carrier. The International Association of Machinists and Aerospace Workers reported about 68 percent voting against the deal while 8 percent backed a strike amid near full turnout. The walkout could start February 20 unless talks resume and Congress intervenes.
MENTIONED IN THIS ARTICLE
Chicago
United Airlines
International Association of Machinists and Aerospace Workers
Bush
United Mechanics
Congress
United
American Airlines
Scott Brown
Denver
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Enron Corp
Wall Street
William Powers
University of Texas Law School
U.S
Associated Press
Yslor
Trhonia Ss
Eisenhower Road
Ottawa
Kansas
Ottawa Herald
Franklin County
S. Cedar
Ottawaherald.com
Fox
Ottawaherald
Linda
Erie
The
Herald
Clean Legal Services
Hawks
Gloria Schroeder
Kansaslawyer.com
Better Business Bureau
Securities Commission
Consumer Protection
Attorney General's Office
Consumer Credit Commission
Vantuyl Motors
6Th
Colorado
Phate
Mastercard
VISA
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