Friday, May 31, 2002

  • An Enron-Like Scandal Threatens to Erupt at Halliburton, Where Dick Cheney Was Chief Executive

    An Enron-like accounting scandal is threatening to erupt around Halliburton, the multi-billion dollar oil company that Vice President Dick Cheney used to run. It emerged this week that the Securities and Exchange Commission is investigating Halliburton’s accounting methods while Cheney was its chief executive. Halliburton adopted new accounting methods in 1998 which allowed it to hide possible losses of hundreds of millions of dollars. Halliburton didn’t tell its investors of the change for more than a year. The company’s auditor Arthur Andersen gave Halliburton the green light.

  • Carrying On a Legacy of Nonviolence: As India and Pakistan Draw Closer to the Brink of War, An Interview with Arun Gandhi

    The threat of war between nuclear-armed Pakistan and India is increasing. Pakistan withdrew troops from the Afghan border today, possibly to move them to the Kashmir frontier for a face-off with India. Militants attacked more police posts in Kashmir, and heavy cross-border shelling, mortar and gunfire continued. Indian Prime Minister Atal Vajpayee has told Indian troops in Kashmir to prepare for sacrifices and "decisive victory."

  • U.S. Exports Misery to Africa with Farm Bill

    U.S. Treasury Secretary Paul O’Neill and U2 rock star Bono’s unprecedented joint "Africa Tour" has come to an end. At a news conference in Ethiopia, O’Neill announced today that he cares deeply about Africa but insisted once again on tighter spending on aid.