How could one of the most wealthy and powerful corporations in the world go bust overnight? It turns out that the 7th largest US business was mostly smoke and mirrors. Read More
WASHINGTON -- After waiting nearly eight months for a response, the Natural Resources Defense Council (NRDC) today filed a lawsuit to force the Department of Energy (DOE) to produce records regarding the agency's role in the operations of the National Energy Policy Development Group chaired by Vice President Dick Cheney. DOE's refusal to provide basic information about its involvement with the so-called energy task force violates the Freedom of Information Act (FOIA), according to NRDC. Read More
HOUSTON -- The slick financing that helped turn Enron Corp. into a mighty power-brokering dynamo became its Achilles' heel, leaving the energy trader teetering toward bankruptcy after a smaller rival abandoned plans to buy it. Read More
This morning at 7:30 am the police in Cochabamba arrested Oscar Olivera, spokesperson for the Coordinadora, on his way to work. The charges are ''sedition, conspiracy, instigating public disorder, criminal association, and other charges.'' Read More
The Uzbek government hopes to parlay its close working relationship with the United States during the ''war on terrorism'' into closer economic ties, garnering much-needed direct investment for its underdeveloped petrochemical sector and increased bilateral trade, according to Sadyq Safayev, former Uzbek ambassador to the U.S. and first deputy foreign minister since May. Read More
At Doha, Katar, in the World Trade Organization's 4th Ministerial meeting, issues which jeopardize Peoples' sovereignty, promote the planet's environmental degradation, and threaten the last frontiers not yet inmersed in development are being discussed. Read More
HOUSTON -- Enron Corp., plagued by investor doubts and under the gun to shore up its crumbling finances, said on Thursday it was talking with power trading rival Dynegy Inc. about a possible merger. Read More
We interrupt our regularly scheduled sense of decency for the following heart-breaking news bulletin: A huge tobacco company is spreading disease across our state with help from Williams Alaska Petroleum and Tesoro Alaska. Read More
A jury's $5 billion punitive damage award for the 1989 Exxon Valdez oil spill was too high compared to the damage caused and the sums the company already has spent for cleanup and compensation, a federal appeals court ruled today. Read More
