White House reveals Enron contacts and aid requests
The White House disclosed Enron sought administration help before its collapse while auditors said they destroyed some Enron documents. Officials said Ashcroft recused himself from the criminal probe. Enron had donated to Ashcroft and Bush, who vowed full investigation into the bankruptcy and protections for workers.
MENTIONED IN THIS ARTICLE
Washington
White House
Enron Corp
Bush
Enron
John Ashcroft
Ashcroft
Senate
Ken Lay
Kenneth L. Lay
Henry Waxman
D-Calif
Ari Fleischer
Arthur Anderson LLP
Administration
Commerce
Donald Evans
Treasury
Paul O’neill
Lay
Government relaxes oversight of Teamsters union
The government will ease federal audit requirements for the Teamsters effective Jan 27 while retaining the option to request audits over the next 15 months. The move ends 13 years of independent financial review tied to a 1997 audit linked to Ron Carey's 1996 campaign. Hoffa supports ending supervision as he seeks broader independence.
MENTIONED IN THIS ARTICLE
Washington
Teamsters
Bret Caldwell
Ron Carey
Carey
James P. Hoffa
Union
Organized Crime
Hoffa
House
Amtrak May Lose Track and Station Ownership Under Panel Plan
Washington AP Amtrak could relinquish ownership of tracks stations bridges and tunnels under federal panel’s reform proposals to open the system to private competition. Three options vary in speed but all foresee new ownership by a National Rail Passenger Corporation subsidiary with Amtrak as the operator.
MENTIONED IN THIS ARTICLE
Amtrak
Washington
Tom Till
Council
National Rail Passenger Corporation
Northeast Corridor
Boston
Michigan
Union Station
Chicago
Farm aid seen essential as crop prices surge shortfall
The Agriculture Department warns net farm income could fall from 49.3 billion to 40.6 billion this year without new farm legislation or extra emergency payments. Congress is poised to boost aid, with wheat farms facing about 10 thousand dollars per operation, and subsidies comprising major shares of income for grains and soybeans. Local and national farmers urge quick action to avert deeper losses.
MENTIONED IN THIS ARTICLE
Washington
Congress
Agriculture Department
James Richardson
Texas A&m University
USDA
Tom Buis
National Farmers Union
North Dakota
Alan Lee
California Sues PG&E Over Asset Drain During Crisis
California Attorney General Bill Lockyer filed suit against PG&E Corp accusing the parent company of draining assets from its subsidiary and driving it into Chapter 11 during the energy crisis. The state seeks between 600 million and 4 billion in penalties as PG&E owes creditors and faced blackouts.
MENTIONED IN THIS ARTICLE
Enron
Terri Clynes
San Francisco
California
Pacific Gas & Electric Corp
Pg&e Co
Bill Lockyer
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O'Neill
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Philadelphia
California Sues Utility Company
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S. Illinois
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Emechemeentmeciel
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Guiness World Records
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