Enron Mail

From:nytdirect@nytimes.com
To:louise@enron.com
Subject:Today's Headlines from NYTimes.com Tuesday, February 5, 2002
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Date:Tue, 5 Feb 2002 04:36:26 -0800 (PST)


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February 5, 2002 QUOTE OF THE DAY "I got 3,500 over 10 years, but our =
friend, Kay Bailey Hutchison, she got 99,000. Heck, I'm the chairman of the=
committee. That wasn't a contribution. That was an insult." ERNEST F. HOL=
LINGS, chairman of the Senate Commerce Committee, when asked if he had rece=
ived contributions from Enron. NATIONAL Bush's Aggressive Accounting In =
short, the administration's strategy is to prevent criticism of what amount=
s to a fiscal debacle by wrapping its budget in the flag. Cutting Taxes F=
aster Would Help Everyone Government can't inject money into an economy un=
less it first takes the money out. Security Kicks in Before the Winter =
Games With opening ceremonies just four days away, all the plans to keep t=
he Winter Olympics safe are kicking in. MORE NATIONAL NEWS Advertis=
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ter Membership! [IMAGE] INTERNATIONAL Annan Cautions Business as World=
Forum Ends The United Nations chief closed the World Economic Forum by te=
lling business leaders that "business cannot afford to be seen as the probl=
em." Iraq Proposes U.N. Talks, and Gets a Wary Reply Iraq's offer for ta=
lks had all the hallmarks of an attempt by its leader, Saddam Hussein, to b=
uild up international resistance to an American attack. Israeli's Dual Jo=
b: Chief of Defense, and Dissent The man proposing to lead a coalition to =
unseat the prime minister is also in charge of leading the military methods=
the coalition is attacking. MORE INTERNATIONAL NEWS BUSINESS Senato=
rs to Vote to Issue Subpoena to Ex-Enron Chief Republicans and Democrats o=
n the Senate Commerce Committee said they would vote Tuesday to issue a sub=
poena to compel an appearance by Kenneth L. Lay. Deal at Enron Gave Insid=
ers Quick Fortunes A small group of insiders at Enron made millions in pro=
fits in secret deals with some of the partnerships that ultimately brought =
the company to its knees. Ernst & Young Latest Auditor Moving to Alter So=
me Practices Ernst & Young said that it would stop selling information tec=
hnology services to companies it audits and that it would no longer serve a=
s internal accountant and external auditor at the same company. MORE BU=
SINESS NEWS TECHNOLOGY Hewlett Lifts Profit Outlook and Each Side in War=
Exults Both sides in the spirited proxy contest over Hewlett-Packard's pl=
an to buy Compaq Computer pointed to HP's performance, which was better tha=
n expected, as proof of their claims. Williams Companies Lists Possible S=
teps to Bolster Rating The Williams Companies said that it planned to step=
up asset sales and that it might issue shares to strengthen its balance sh=
eet and retain its investment-grade credit rating. Muslims Feel Sept. 11 =
Chill as Mecca Plays It Safe The Saudis have begun collecting personal dat=
a from Muslim visitors to start a system for tracking and identifying them.=
MORE TECHNOLOGY NEWS POLITICS As Troubles Multiply, the Budget Equa=
tion Changes On Monday, President Bush sent Congress a new budget plan, wh=
ich has little extra money for anything other than national security and ta=
x cuts. Senators to Vote to Issue Subpoena to Ex-Enron Chief Republicans=
and Democrats on the Senate Commerce Committee said they would vote Tuesda=
y to issue a subpoena to compel an appearance by Kenneth L. Lay. Anti-Tax=
Leader Confesses He Used Campaign Money Tim Eyman, a businessman who was =
the champion of several tax-cutting initiatives in Washington State, said o=
n Monday that he had profited personally from political fund-raising drives=
. MORE POLITICS NEWS SPORTS When Push Came to Shove, Patriots Did Bo=
th The Patriots exerted their will on the Rams and forced the Super Bowl t=
o be played on their terms. Introverted Coach Finally Out of His Shell A=
s a winning Super Bowl coach, the Patriots' Bill Belichick has attained a s=
tature that for years was thought to be beyond his personality. In Great =
Matchup, Only Nets Are Great Led by Keith Van Horn's 25 points, the Nets t=
ook apart the Kings, who had the N.B.A.'s best record entering the lopsided=
game. MORE SPORTS NEWS ARTS Restoration of a Leonardo Is Ruled Out =
Critics of the proposed restoration of "The Adoration of the Magi" see the=
decision as a moral victory and a personal vindication. WNYC-FM Reassess=
es Program Format Station managers are studying whether to cut back perman=
ently on classical music as part of a larger plan to revamp all of its prog=
ramming. A Dead Man's Failed Muse and Lost Women Athol Fugard's "Sorrows=
and Rejoicings" is a play about irrevocably divided selves. MORE ART=
S NEWS NY REGION Electricity Crisis Eases in New York New York City, wh=
ich faced an electricity crisis last summer, now has all the energy it need=
s through at least mid-2003 and perhaps beyond, experts say. So Long New =
York, and Thanks for a Mostly Well-Ordered Bash In the end, the World Econ=
omic Forum went off so smoothly that aside from some minor traffic inconve=
niences the lives of most New Yorkers were unaffected. In Albany, School=
Boards Lose Backing Black and Hispanic members of the State Assembly are =
saying New York City's community school boards have failed minority communi=
ties. MORE NY REGION NEWS OP-ED Bush's Aggressive Accounting By =
PAUL KRUGMAN In short, the administration's strategy is to prevent critici=
sm of what amounts to a fiscal debacle by wrapping its budget in the flag. =
The Wrong Lessons of the Somalia Debacle By NICHOLAS D. KRISTOF With l=
uck, Afghanistan will again prove that helping war-torn third-world countri=
es is a smarter policy than running away from them. Is the Human Rights E=
ra Ending? By MICHAEL IGNATIEFF If Washington turns away, the human ri=
ghts movement loses the one government whose power can be decisive in s=
topping human rights abuses. MORE OP-ED NEWS About This E-Mail Yo=
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