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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (10502)	12/15/2002 4:30:13 PM
From: stockman_scott	Respond to of 89467

Enron probe expanding to telecom 13:53 EST Friday The Wall Street Journal reported Friday that federal prosecutors have expanded their investigation of former Enron Corp. President Jeffrey Skilling, focusing on the role he and other executives played in the company's unsuccessful broadband telecommunications business. Until now, the focus of federal investigations has been primarily on Enron's energy business and its off-balance-sheet partnerships, which involved the company's former Chief Financial Officer Andrew Fastow and several other financial executives. But the broadband probe is likely to take a closer look at Kenneth Rice, the executive who headed that unit and who was named in an early shareholders' lawsuit seeking to freeze millions of dollars that top Enron executives reaped by selling off large amounts of the company's stock shortly before its value plummeted. Rice topped the list, walking away with more than $70 million. Skilling and other Enron executives told shareholders in 2000 that the company's telecom venture would be worth $70 billion. Their touting of this business helped push Enron's stock price above $80 a share by mid-2000. But in 2001, the company shuttered its broadband unit and took a huge write-off for its losses, which helped propel Enron into bankruptcy. Investigators are probing Enron's sales and swaps of broadband capacity and its accounting of several broadband deals and ventures, as well as the timing of the stock sales by Skilling, Rice and other executives, The Wall Street Journal reported. © 2002 American City Business Journals Inc.

To: Softechie who wrote (10502)	12/15/2002 4:59:41 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 89467

Trent Lott for President, Hootie Johnson for Veep. Let the Republicans show their true colors next election. <g>

To: Softechie who wrote (10502)	12/15/2002 5:16:42 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Al Gore to announce on 60 Minutes that he will not be running for President. msnbc.com Al Gore says he won’t run in 2004 Former vice president would have been likely front-runner BREAKING NEWS. ASSOCIATED PRESS WASHINGTON, Dec. 15 — Former Vice President Al Gore has decided not to run for president in 2004, a senior Gore adviser said Sunday. Gore planned to make the announcement on CBS “60 Minutes,” the adviser said. Gore would have been the likely front-runner in the Democratic field, even though many party activists have said privately they hoped he wouldn’t run. AFTER GRADUALLY re-entering politics over the last year, the Democrats’ 2000 nominee campaigned for selected candidates around the country this year, then spent the last month promoting a book on the family that he wrote with wife Tipper and making an extensive round of media appearances, including “Saturday Night Live” this weekend. This is a developing story and will be updated. © 2002 Associated Press.