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ARCHIVES NEWS People News History Archives People Archives 2001 Peoples Archive Peoples News |
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Eliot
Spitzer - 
- "TIME
2002 Crusader of the Year: Eliot Spitzer: ... "Wall Street's Top Cop:
In a year when business let so many down, Eliot Spitzer fought back. How
a rich kid from the Bronx became the people's champion." ... "Spitzer opened
an investigation that in just a few months began fundamentally reshaping
America's financial markets. Analysts, Spitzer would show, were doctoring
their reports—which the public relies on for stock information—to win business
for their banks' investment arms or to downgrade companies that didn't
play ball. Insiders knew the scam; folks in the heartland had no idea.
Spitzer's aggressive pursuit of Merrill Lynch and, subsequently, a dozen
other Wall Street firms turned the tables. The new ethics he championed
are touching in their simplicity: analysts' ratings should reflect what
they actually believe. There has not been such an affirmation of what's
right since Moses and the Ten Commandments. "The system was rotten, and
no one seemed interested in fixing it," says Spitzer. "So we moved in.""
(1,
2,
3,
4)
-By Adi Ignatius -TIME
- Person of the Year
- 2002
Eliot
Spitzer -
- OPINION
- "[New
York states Attorney General Eliot] Spitzer: Man Of The Year - Savior of
Capitalism?" ... "Using a New York state law, he
obtained some explosive internal emails from Merrill Lynch and secured
a $100m fine. This pushed a complacent Securities and Exchange Commission
into action, and finally yesterday Spitzer got the reward for his pursuit."
... "As part of the agreement forged with the Stock Exchange [full
details], the ten leading brokerages must pay $900 million in retrospective
relief, $450m to fund "independent" research and $85 million to "investor
education". The brokerages, including Solomon Smith and Barney, CSFB, Lehman,
Morgan Stanley and UBS Warburg, will not be allowed to reward CEOs with
IPO offerings, and must operate at arms length from no less than independent
analysts on each offering. (Since the brokers are still paying these independent
analysts' fees, it's hard to see how this cure will be truly effective.)"
... "But for the Bronx-born Spitzer, his legend is assured as a pugilist
populist attorney straight from central casting. He's taken on the mob,
the music pigopolists (for CD price fixing), low-paying employers, and
is currently suing President Bush for gutting the clean air act." -By
Andrew Orlowski -TheRegister.co.uk
| Trent
Lott Controversy |
 |
- 
- "Iraq
to discuss missing Kuwaitis." ... "Iraq has agreed
to hold talks with Kuwait and Saudi Arabia next month to discuss the fate
of hundreds of people who disappeared during the Gulf War." ... "Kuwait
says more than 600 people, almost all of them Kuwaitis, are still unaccounted
for since the Iraqi occupation in 1990-91."-BBC/News
- "C.I.A.
Chief Prospers From Bond With Bush." ... "When George
W. Bush was president-elect, he got some fateful advice about his daily
C.I.A. briefing from a man who would know." ... "Mr. Bush's father, the
only president to have served as C.I.A. director, was in the unique position
of having both given and received the secret morning updates, and often
told friends that his time in the 1970's at the C.I.A. headquarters in
Langley, Va., was one of the best jobs he ever had." ... "He unequivocally
instructed his son, said Andrew H. Card Jr., the White House chief of staff,
to develop a close relationship with the person who ran the spy organization
and oversaw the other intelligence agencies that make up America's covert
empire." (1, 2)
-By Elisabeth Bumiller
-NYTimes via
-AltaVista-News
- Christmas
News
- "Joyless
Christmas in Holy Land." ... "Known as the birthplace
of Jesus Christ, Bethlehem is epicenter for Christians in the holiday season.
But the mood could not be further from the traditional spirit of Christmas.
After more than two years of surging Israeli-Palestinian violence, fear
and despair hang heavy over the West Bank town." ... "Christmas festivities,
which before the 26-month-old Palestinian intifada used to bring in thousands
of pilgrims and tourists a day, as well as tens of millions of dollars
in revenue, have been canceled." ... "Only the midnight Mass at the Church
of the Nativity, which was built in the 4th century A.D. to mark the spot
where tradition holds that Jesus was born, will go ahead as planned. But
few people are expected to attend, given curfew restrictions." -By
Jim Maceda -MS
NBC
TIA:
Total Information Awareness
- "Keeping
Track of John Poindexter." ... "The head of the government's
Total Information Awareness project, which aims to root out potential terrorists
by aggregating credit-card, travel, medical, school and other records of
everyone in the United States, has himself become a target of personal
data profiling." ... "Online pranksters, taking their lead from a San Francisco
journalist, are publishing John Poindexter's home phone number, photos
of his house and other personal information to protest the TIA program."
-By Paul Boutin -Wired
- 
- "Key
factor: Iraqi scientists: US dampens expectations
of 'smoking gun' on Iraq weapons and urges access to scientists." ... "...
increasingly, experts are pointing to only one sure way to reveal the true
scale of Iraq's weapons programs: talking to the Iraqi scientists who built
the programs." ... "The UN's ability to talk with Iraqi scientists may
turn on chief UN inspector Hans Blix's willingness to use a robust new
plank in the UN disarmament mandate that permits the UN to spirit out of
Iraq specialists and their families. The scientists could then speak freely
without fear of reprisal from Saddam Hussein's regime." -By
Scott Peterson -CSMonitor
- "Jimmy
Carter's Nobel Prize speech [excerpts]." ... "Instead
of entering a millennium of peace, the world is now, in many ways, a more
dangerous place. There is a plethora of civil wars... and recent appalling
acts of terrorism have reminded us that no nations, even superpowers, are
invulnerable." ... "It is clear that global challenges must be met with
an emphasis on peace, in harmony with others, with strong alliances and
international consensus." ... "Imperfect as it may be, there is no doubt
that this can best be done through the United Nations."-BBC/News
ELECTION
2002 News
- "Democrat
retains Louisiana seat." ... "Mary Landrieu held
off Suzanne Haik Terrell, who conceded the election late on Saturday evening."
... "In the new Senate, the Republicans will hold 51 seats to the Democrats
49." -BBC/News
- 
- "Miss
Turkey [Azra Akin] Wins Miss World Competition:
Miss Turkey Crowned Miss World in Pageant That Was Moved to London After
Riots in Nigeria." ... "Ninety-two contestants took part in the show, which
was shunted to London after Muslim-Christian rioting last month killed
more than 200 people, forcing it out of Nigeria." ... "The pageant's motto
is "beauty with a purpose," and among this year's contestants were lawyers,
businesswomen, architects and a doctor." ... "Unlike the pageant's heyday
in the 1970s, this year's contestants glided along the catwalk in evening
gowns rather than swimsuits part of an effort to shed the show's sexist
image." -AP
via -ABCNEWS.com
- "Bigfoot
backers mourning: But they remain Yeti loyalists
despite family's admission of hoax." ... "Relatives of Ray L. Wallace,
a logger who propelled one of California's earliest publicized claims of
the creature's existence, have stepped forward in the shadow of his passing
to say their patriarch admitted to trickery that fueled one of American
culture's most enduring myths." ... "They say it was Wallace who stoked
a fury in 1958 by slipping into two, carved, 16-inch-long wooden feet,
then stomping around his Humboldt County site logging camp as a gag on
fellow workmen." ... "[H]is son Michael .... said 1967's famous "Patterson-Gimlin
Film" -- a grainy home movie that allegedly captures a startled specimen
fleeing a streambed -- may be only his obliging mother wearing a monkey
suit." -By John M. Hubbell
-SFGate.com
- "Pioneering
ABC TV Executive Arledge Dies." ... "ABC News chairman
Roone Arledge was remembered as an industry pioneer who ushered in the
era of primetime sports, mentored top broadcasters and developed new ways
to present the news." ... "Shows from "Monday Night Football" to "Nightline"
owed huge debts to Arledge, who died Thursday in New York of complications
from cancer, the network said. He was 71." ... "In 1961, he created "ABC's
Wide World of Sports," one of the most popular sports series ever, and
coined its tag line – "the thrill of victory and the agony of defeat.""
... "After disastrous starts, ABC created the newsmagazines "20/20" and
"Prime Time Live" under his watch." -By Tara Burghart
-AP via -WashingtonPost
- "Lovable
trickster created a monster with Bigfoot hoax." ...
"Bigfoot is dead. Really." ... "Ray L. Wallace was Bigfoot. The reality
is, Bigfoot just died," said Michael Wallace about his father, who died
of heart failure Nov. 26 in a Centralia [Washington] nursing facility.
He was 84." ... ""The fact is there was no Bigfoot in popular consciousness
before 1958. America got its own monster, its own Abominable Snowman thanks
to Ray Wallace," said Mark Chorvinsky, editor of Strange magazine and one
of the leading proponents of the theory that Mr. Wallace fathered Bigfoot."
... 
"Chorvinsky
believes the Wallace family's admission creates profound doubts about leading
evidence of Bigfoot's existence: the so-called Patterson film, the grainy
celluloid images of an erect apelike creature striding away from the movie
camera of rodeo rider Roger Patterson in 1967. Mr. Wallace said he told
Patterson where to go —near Bluff Creek, Calif. — to spot a Bigfoot, Chorvinsky
said." -By Bob Young -SeattleTimes.NWsource
"Trudeau's
Pulitzer Prize-winning comic strip Doonesbury, first penned in 1970, is
found in more than 1,400 newspapers worldwide and fills nearly 60 published
collections. Along the way, it inspired ventures into film, Broadway and
television. It gained Trudeau Academy Award and Drama Desk Award nominations,
as well as the Cannes Special Jury Prize." -ABCNEWS.com
Paul
Wellstone
- "Minnesota
mourns Sen. Wellstone: 20,000 gather at sports
arena for memorial." ... "Some 20,000 friends of Paul Wellstone gathered
to bid the late senator farewell Tuesday in a ceremony filled with music
and poignant eulogies -- and nearly as much laughter as tears." -By
Patrick Howe -AP
via -Miami/Herald
- Paul
Wellstone
- "Sen.
Wellstone's Legacy: Mark Shields, David Brooks,
and the Washington Post's Dan Balz share personal and political reflections
on the late Sen. Paul Wellstone (D-Minn.), who died in a plane crash in
Minnesota Friday." ... "DAVID BROOKS: ... One of the things that really
impressed me, and this as a senator, he wasn't a particularly good senator
when he started; made a lot of unnecessary enemies, didn't really play
the game. But he decided pretty quickly that he didn't want to just be
a noble loser. He wanted to actually get some things done and he made some
allies; he worked with people like Jesse Helms, who he earlier said he
despised; worked with John Ashcroft, won support from veterans groups,
not automatic. So he really improved as a senator and was always a man
of conviction, always very popular with conservatives." -PBS.org
/ newshour / index
- 
- "Iowa
Workers Find 11 Bodies in Grain Rail Car." ... "Workers
at a grain elevator in [Denison] Iowa discovered what appeared to be the
decomposed bodies of 11 people in a rail car that came across the border
from Mexico four months ago, police and immigration officials said on Tuesday."
-Reuters via -ABCNEWS.com
- 
- "The
Making of John Walker Lindh: How did a quiet,
bright young boy from suburban America end up alongside the Taliban in
Afghanistan? This is a story of love, loathing and an often reckless quest
for spiritual fulfillment." ... "He is the Traitor to the general public,
which sees a Taliban soldier who attended the training camps and allegedly
shook the hand of Osama bin Laden. He is a Lost Soul to his family's friends
and defenders, who see a brilliant kid from a nice family who went off
to find purity and peace and found fanaticism and war. But a TIME investigation
of his path to jihad, relying on dozens of witnesses, reveals an even more
complex person than the caricatures would allow. When Lindh is sentenced
this Friday as part of a plea bargain, a judge will have to decide which
of his identities matters most in determining how much of the rest of his
life he should spend in jail." (1, 2,
3,
4,
5,
6)
-By Timothy Roche, Brian Bennett, Anne Berryman, Hilary
Hylton, Siobhan Morrissey and Amany Radwan, with reporting by Frank Sikora,
Alex Perry, and Hannah Bloch
-TIME.com
- "Senegal
Ferry Sinks; Over 700 Dead: Many Caught Inside
As Atlantic Storm Struck at Night." ... "More than 760 people were believed
dead today [20020927]
after an ocean ferry capsized off West Africa in a fierce gale, with 88
bodies recovered and others spotted trapped inside the vessel." ... "The
Joola, a state-owned ferry, capsized off Gambia in the Atlantic Ocean about
11 p.m. en route to the Senegalese capital, Dakar, from the south of the
country." -By
Nafi Diouf -AP via -WashingtonPost
- "Bhopal
charges stay, Indian court rules: Judge orders
extradition proceedings." ... "More than 3,000 people died immediately
and countless more suffered permanent injury following a leak of poisonous
methyl isocyanate gas from the Union Carbide pesticide plant on the outskirts
of the city on December 3, 1984." ... "In the subsequent years it is thought
that as many as 10,000 people died as a result of illnesses brought on
by the gas." -CNN/Asia
- "[Germany's
chancellor, Gerhard] Schröder halts tax cuts for flood relief."
... "In an appeal to Germans' sense of solidarity in time of crisis, Mr
Schröder, who faces general elections in less than five weeks, said
the one year postponement was the only sensible way to finance essential
aid." -By Haig Simonian
-FT.com
"How
Ned Flanders became a role model." ... "Ned Flanders,
the endlessly optimistic neighbour of Homer Simpson, has emerged as an
unlikely icon for churchgoers, who say they are embracing their inner nerds."
-By Giles Wilson -BBC
/News
- 
USS-Monitor
- "Skeleton
found in Civil War ironclad." ... ""We have a fairly
complete skeleton," said John Broadwater, manager of the Monitor National
Marine Sanctuary and chief scientist for the Monitor expedition." ... "The
lower part of the skeleton was pinned beneath one of the two cannons inside
the turret, he said." ... ""We will make every attempt to identify this
crew member," Broadwater said." -AP
via -CNN
USS-Monitor
- "Civil
War wreck yields skeleton." ... "While examining
the turret - which contains two 7,700-kilogramme (17,000-pound) guns -
the expedition's chief scientist said US navy divers found a "fairly complete
skeleton" pinned beneath it." ... ""We will make every attempt to identify
this crew member," John Broadwater said, adding that buttons and scraps
of cloth -perhaps fragments of a uniform - were also found." -BBC
/News
- "1.2m
Afghan Refugees Return Home." ... "In what seems
like a humanitarian disaster in the making, 1.2 million Afghan refugees
streamed back to their homes from Pakistan and other neighboring countries
after Taliban rule collapsed in November." ... "It is the fastest voluntary
refugee influx in the history of mankind, U.N. officials say. The speed
and scope caught international relief agencies by surprise."
-AP via -Guardian.co.uk
WorldCom
News - "WorldCom
unraveled as top execs' bond crumbled." ... "Sullivan
joined Ebbers in 1992 when Ebbers' then-tiny company bought even tinier
Advanced Telecommunications, where Sullivan worked as CFO. In 1996, a mushrooming
WorldCom bought Internet company UUNet, run by Sidgmore, who had previously
been trained as a manager at General Electric." -By
Kevin Maney -USATODAY
![''DYNAMIC DUO: [US singer] Bono (left) and Paul O'Neill don traditional outfits given by villagers in Tamsale, Ghana.'' -from CSMonitor - AP - Saurabh Das](../../../images/fair-use/thumbnails/news/csmonitor/fair-use-thumbnail-20020530-U2-singer-Bono+US-Treasury-Secretary-Paul-ONeill-in-traditional-Ghana-robes=from-CSMonitor-AP.jpg){kind=small}
"A
rock star's new approach to world aid: This
week, U2's Bono and Treasury Secretary O'Neill finish a 10-day African
tour." ... "Whether or not he convinces a skeptical Mr. O'Neill to increase
US interest in Africa, Bono has created a new model for celebrity involvement
in poverty relief. His approach may ultimately have a far more lasting
effect on the developing world than the one-shot, disaster-driven fundraising
efforts of the past." -By Nicole Itano
-CSMonitor/buy
- "After
win, Colombian faces harsh Latin pattern." ... "To
win a first-round victory in a presidential election here is an accomplishment
in itself. Colombia's president-elect Alvaro Uribe Vélez is the
first candidate to do that under the country's 1991 Constitution." ...
"But if he's been at all mindful of the trajectories of other Latin American
presidents of late, he should beware of the Latin letdown."
-By Howard LaFranchi -CSMonitor/subscribe
"Chandra
Levy's remains found in D.C. park: The skeletal
remains of missing former Washington intern Chandra Levy were found in
a park in northwest Washington on Wednesday, almost 13 months after she
vanished without a trace." ... "Levy's remains were found in Rock Creek
Park after a man searching for turtles in "a very inaccessible area" was
alerted to the remains by his dog, [Police Chief Charles] Ramsey said.
The park is not far from where Levy lived, and she was known to jog there."
-CNN
"Agency
signs on digital star Lara Croft: It could only happen
in Hollywood: One of Tinseltown's biggest talent agencies on Monday signed
up one of the video game and film industry's major stars, and here's the
rub--she's not real." ... "Creative Artists Agency [CAA] said they will
represent digitally animated, digitally created Lara Croft of "Tomb Raider"
fame for new products and promotional tie-ins. In Hollywood, Croft has
big box office cachet." -Reuters
via -CNET /News
- "Body
found in Pakistan may be Daniel Pearl's: Pakistani
police said they believe a body recovered Thursday is that of slain Wall
Street Journal reporter Daniel Pearl, but its identity has not been confirmed."
... "Pearl was kidnapped in January by Muslim extremists in Pakistan and
was confirmed dead by the U.S. State Department on February 21 after authorities
obtained a video that showed Pearl being forced to make propaganda statements
before being killed." -CNN
"Taking
off the abaya: Hours after a victory in her
fight to free servicewomen in Saudi Arabia from wearing head-to-foot Muslim
robes off base, Lt. Col. Martha McSally talks about her battles as a jet
pilot and a woman." ... "For seven years, McSally has been fighting military
rules that formerly required and now "strongly encourage" women stationed
in Saudi Arabia to wear a head-to-foot Muslim robe called an abaya, to
ride in the back seats of vehicles and to be accompanied by men when off
base." (1, 2,
3)
-By Megan Twohey -Salon
Enron
News - "The
Mysterious Death Of An Enron Exec." ... "Police were
criticized for calling it a suicide before investigating, so they kept
the case open. The fact that it's still open more than two months later
has made the Cliff Baxter case prime fodder for murder conspiracy theories,
reports CBS News Correspondent Sharyl Attkisson."
-CBSNews
- "Profile:
Saudi Crown Prince Abdullah." ... "Crown Prince Abdullah
has effectively ruled Saudi Arabia since King Fahd, his elder half-brother,
suffered a stroke in 1995." ... "But despite his prominent position and
control of a quarter of the world's oil reserves, remarkably little is
known about the crown prince." -BBC
/News
- "Calling
in the Split Man: Japan's wakaresaseya
will - for a price - end an affair, break off an engagement, or help a
company fire someone. Their appeal is avoiding conflict in a society that
prizes harmony." -By Marjorie Coeyman-CSMonitor/subscribe
Enron
- "Former
Enron exec dies in apparent suicide."
-CNN
