Money & Politics
Bush administration policies have abandoned a series of Clinton-era safety proposals favored by coal miners while embracing others favored by mine owners.
Here is one of the most remarkable aspects of the still-unfolding financial scandals swirling around Worldcom, Xerox, Global Crossing, Enron, Arthur Andersen, Tyco and a growing number of other companies: The fraud occurred in the most heavily regulated and monitored area of corporate activity
The Obama administration seeks the most ambitious transformation of energy policy in a generation. But Big Oil is not on board. Royal Dutch Shell said last month that it would freeze research and investments in wind, solar and hydrogen power, and focus its alternative energy efforts on biofuels. BP, a company that has spent nine years saying it was moving "beyond petroleum," has been getting back to petroleum since 2007, paring back its renewable program. The list goes on.
Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff's long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.
This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear.
In Colchester, Essex, John and Alfred Donovan are compiling perhaps the world's largest dossier on Royal Dutch Shell, at royaldutchshellplc.com. It's an awkward position for Shell, this month crowned by Fortune magazine as the world's largest company, as trying to shut the website down would draw even more attention to it.
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya "worthless" derivatives trades in 2008 that the country's financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.
As the lobbying heats up in Washington over Unocal, a midsize American oil company, the battle lines in the takeover contest are now drawn clearly, if oddly, by its suitors.
Long before George W. Bush began campaigning for the White House, his family built a fund-raising network of wealthy supporters to bankroll his political ambitions and propel him to the presidency.
For thousands of years, the Kitanemuk Indians made their home in the Elk Hills of central California. Come February 2001, the last of the 100 burial grounds, holy places and other archaeological sites of the Kitanemuks will be obliterated by the oil drilling of Occidental Petroleum Company.