Money & Politics

Prince Bandar bin Sultan, a member of Saudi Arabia's royal family and the kingdom's former ambassador to the United States, pocketed about $2 billion in secret payments as part of a $80 billion arms deal between Britain and Saudi Arabia first signed in 1985, British media reported Thursday.
The logic, according to Democrats and Gore supporters is that by voting for Ralph Nader, people are only taking votes away from Al Gore and helping Gov. Bush walk into the White House -- directly benefiting from Gore's loss of the traditional Democratic votes that Nader represents. But can any self-respecting Black honestly say that Blacks have benefited under Clinton-Gore -- enough to automatically extend their reign for another 4 years -- with no questions asked?
The former chief accounting officer of Enron pleaded guilty today to a single felony charge of securities fraud and agreed to cooperate with federal prosecutors, giving a significant lift to the government's case against the two leading figures in the scandal over Enron's collapse.
The Boston Celtic's basketball team are proud of their decade-old stadium -- the 19,600 seat Fleet Center which replaced the Boston Garden, their old home, in 1993. It's hard to miss the flashy new building that occupies four acres in the heart of Boston.
Science Applications International Corporation has a contract with the Pentagon to run the Iraqi Media Network's Al Iraqiya radio and television station. But Iraqis aren't tuning in.
This week the Project on Government Oversight released damning allegations of deviant hazing at a camp for security guards in Afghanistan. Sparking questions from the State Department, POGO warned the problems are "posing a significant threat to the security of the embassy and its personnel."
Hedge funds were just handed an opportunity to make even more money under a new law signed by President Barack Obama last month. Consumer advocates say that unsophisticated investors may be at risk as a result.
A once-obscure accounting rule was changed Thursday to give banks more discretion in reporting the value of mortgage securities. Apparently under political pressure, the five-member Financial Accounting Standards Board approved a controversial change that makes it possible for banks to keep some declines in asset values off their income statements.
Investigators probing the accounts of collapsed energy giant Enron are examining what happened to more than $5 billion in loans and investments the company made to subsidiaries kept off its balance sheet. The scale of the black hole opening up looks as if it could dwarf previous estimates.
BP says that the offshore drilling accident that is spewing thousands of barrels of oil a day into the Gulf of Mexico could cost the company several hundred million dollars. Nobody really knows whether the oil giant is being too conservative about the cost for the April 20 accident, which some experts say could end up as the biggest oil spill in history.