35 Burst results for "Enron"
"enron" Discussed on Con Artists
"Millions will often dumped into projects which never saw the light of day. But Enron international much like Skilling's mark to market accounting treated the projected revenue of a deal as if it were already money in the bank. So in mark closed a deal to build a power plant in Vietnam that became an asset. Never mind that the deal was later cancelled and Enron. In fact, lost eighteen million dollars on it. Failed, power plants aside, Enron continue to grow tripling its stock price and posting a five, hundred, twenty, million dollar profit in one, thousand, nine, hundred, five. CEO Ken lay had little to do with this growth. It was driven by executives like mock and Skilling but lay took credit for all of it. Enron was like a medieval kingdom countess mark and Barron, Skilling could run the fiefdoms however they chose so long as they paid lip service to king. Lay. For his part lay was more interested in appearing kingly, then actually running the company. The humble son of a Baptist preacher had his lunches served to him on sterling silver trays. That was when he bothered to show up to work at all. By the mid ninety s lay was more interested in raising money for political campaigns and rubbing elbows with luminaries like the Bush family than running a company. Thanks to lay Enron became one of the biggest supporters of George W Bush during his run for governor of Texas and later President of the United. States. Lay was rewarded for his laziness with a million dollar salary an annual bonus of another million dollars plus stock options worth tens of millions. He also had full use if the company's private airplane lay and his children used it. So often that employees called it the lay family taxi. An Enron jet was once flown to Monaco for the sole purpose of delivering Abed fillets daughter. Speaking of Lay's children four out of five of them worked at Enron or a subsidiary. One son worked at another natural gas company with financial ties to Enron. When it was discovered that the particle son had embezzled over a million dollars lay rewarded him with a three year contract. Worth another million bucks. The apple doesn't fall far from the tree. Besides the negligence and nepotism Ken lay was a Nemec leader he hated confrontation. So he preferred lying to employees rather than speaking harsh truths. Naturally, this was seen as weakness. Employees found that if they made a decision, they didn't like they could just browbeat him into changing his mind. And everyone knew that lays longtime friend Richard Kinder- was really in charge of Enron. Lay and kinder- however. BA- growing apart. Lay undervalued kinder's an employee and kindle detested lays pomposity. Kinsey felt that since he was already the de facto leader, he should be made. CEO. Lay promised him the keys to the castle in the early nineteenth. But then in classic lay fashion, he changed his mind nevertheless, he assured that he would step down at the end of Nineteen ninety-six and put Kim Day in charge. As, the deadline approached however lay had another change of heart. In a fit of self delusion lay decide that the Kindo wasn't ready to be. CEO. It probably didn't help that lay discovered Kim was engaged in a romantic relationship with laze former assistant and trusted confidante. In November of one, thousand, nine, hundred, ninety, six, kindle went to a board meeting expecting to be promoted. Instead lay informed him that the board of directors had decided against making kindle CEO. Kim new. This was bull lay was hiding behind the board while he screwed over his old friend. By. The end of the month lay announced he had accepted another five year term CEO and the kinder- was exiting the company. While he was at it, lay gave himself arrays and more stock options. Though it was frustrating to be muscled out of Enron at the time, the betrayal turned out to be a blessing in disguise. Kim used the sale of his Enron stock to start his own company which grew into a multi. Dollar Enterprise as Enron imploded like a dying star. For now with kindergarten, lay plan to take on the vacant president title in addition to his positions as CEO and chairman of the Board. But Jeffrey Skilling had other ideas. Skilling wanted the position for himself perhaps just as importantly didn't want Rebecca mark to get it. So he confronted lay with a threat. If he wasn't made president, he would quit and take off the trading departments with him. True to form lay immediately caved and promotes its skilling Enron's president and chief operating. Officer. As, soon, as Skilling was in charge, he moved to reshape the whole of Enron in Act's image high risk high reward. He would make Enron nothing less than the world's leading energy company. To drive home the point he even ordered vanity license plates with the initials W L. E. C.. Skilling rewarded his loyal act lieutenants by doling out management positions to the highest earners. He poured his efforts into expanding speculation often at the expense of actually building natural gas pipelines. For instance Skilling decided to jettison Enron oil and gas a subsidiary with strong prophets simply because it wasn't a trading division and he didn't like the CEO. Next Skilling maneuvered to eliminate his biggest rival Rebecca mark. According to McLean l. kind over the next two years, the two became locked in the business equivalent of guerrilla warfare. Or as one executive put it, it was basically Prima donnas accusing other prima donnas of being a bigger PREMADONNA. In order to Hamstring Mark Skilling made a play for her western European Holdings, insisting that the infrastructure there could be used to expand Enron's trading and marketing business. Mock balked at this and defended turf. When the case was brought before lay Enron CEO ultimately sided with Skilling. The reasoning shouldn't come as a surprise Skilling made more money. In May of Nineteen Ninety eight mark stepped down as CEO of Enron International. She convinced the board to allow to start a new subsidiary that would focus on water utilities having successfully defanged Mark Skilling was content to let her play in the water business of first mark considered calling her new company watermark. But then she settled on Zurich's. With mark sidelined, Skilling had finished consolidating his power base at Enron. He now controlled company generating thirteen billion dollars in.
Innovating How You Lead
"So I wanNA jump right in. I would love it if you would explain what is innovative leadership. So the idea. For me, personally as I've worked with some a lot of leaders who are highly successful and unfortunately, many leaders because they're so busy working on the work of the business, don't step back and innovate or update how they lead. They update their awareness of the technology. They use of the products and services of supply chain management they they get smarter on a regular basis about a lot of content in the business, and yet as leaders are primary role is leading obviously. And yet many of us don't invest the time and energy to to think about how the field of leadership is evolving, and how we must evolve to match the changes in the outer world and. My exam or yeah, my example, I guess, is we. We wouldn't none of us carry a flip phone anymore. I'm guessing or you're listening to PODCASTS A and yet. There are leaders who still think about leading the way they did when they under flip phone, and what what is heartbreaking for me as to see people who were recruited as absolute rockstars, and then they're asked to exit, because they are no longer rockstars, their leadership skills have depreciated while they're working incredibly hard for the organization, and they are left without employment and the need to. Retool to find the next high impact role. I would think they. Would struggle with realizing. Why they were let go. Is that fair? In some cases, yes. Having Lost a job a twenty years ago when our I was in the utilities industry when we went through the Enron crisis animal. My business was I worked for a large consulting firm and my role was helping set up trading floors. Losing that job to me, even though I wasn't. Involved in creating this crisis was blue devastating. Even for people who are incredibly introspective, it's hard to hard to figure out what's me. What's them what do I need to change? Struggling with the sense of broken, versus it wasn't my fault, so so once someone is invited to exit for whatever reason and I'm sure. Many of your listeners are either the ones doing the inviting which I have also done to come an alumni of the firm, and then having at happen is just at least for me. One of the most emotionally difficult challenges I've had a and so offering people a proactive path that increases their probability of being successful. Is Part of what we offer I don't I don't like to come at it from the negative, but but in a world where we have constant disruption, we have machine learning robotics Continual change in mergers and acquisitions, most of us will face a significant change in employment, and for many it'll be against their will. So how do we increase our own probability of success and increase the probability of the organization's success? Right and that's that's the work we offer. So how is? Innovative leadership different from traditional leadership. Great question so. The example of what we're seeing now the many leaders that got us to where they are traditional leaders, and they have done an exceptional job of it in the US and globally creating an economy that has has. Delivered, US most of us a lifestyle that our grandparents couldn't imagine. What we're talking about in the the leadership, literature is called Post. Conventional are beyond the conventional leadership. And it invites leadership. Leaders to bring on board things we know about, but don't necessarily integrate so becoming more emotionally intelligent. What does that mean for how I hey? What does it mean for how I collaborate it? In the midst of the black lives matter context post pandemic, we are facing how we deal with diversity
an Interview with Costume Designer Mona May
"Are Seven billion people in the world. We all have one thing in common. Every day. We all get dressed. Welcome to trust the history of fashion podcasts where we explore the WHO when of why we wear, we are fashion, historians and your host April Kellyanne. Cassidy sacree so dress listeners, please accept this interruption to our regularly scheduled fashion history mystery, because we are bringing you a very special interview with the costume designer behind one of the most iconic fashion films of all time and April, as you know my personal, favorite clueless, which just this past Tuesday July nineteenth turned twenty five years old. And I have to say you guys. You all know someone who's very excited about this. Today we are joined by Mona, May, whose prolific career in film and television spans over three decades, clueless might be Mona's most famous film, but her work includes also rummy. Michele's high school reunion never been kissed a night at the Roxbury haunted mansion, and really the list just goes on and on. And April listeners please excuse me while I full on fan girl out because I mean I don't even know where to start, but my admiration and awe of Mona make goes back decades and is really threefold. I have seen clueless. Over one hundred times. At least an I can quote it from beginning to end I know there's a lot of people who were there with me, and then there's this added layer of me being costume designer myself. But also a fashion film lover I mean from Azzedine. Alaya to Calvin. Klein to that unforgettable yellow plaid suit clueless a fashion levers, dream and one that still resonates to this very day cast. You are not alone in your excitement for today's guests, so let's get to it Mona. Welcome dressed Mona. We are talking to you this week in celebration of the twenty fifth anniversary. Anniversary of one of the most iconic fashion flicks ever clueless, which debuted twenty five years ago this past Tuesday and which you, as a costume designer played such a central part. You and your work is currently getting so much well deserved attention. Yes, I'm really happy. I'm just you know. I'm just kind of flying high on all the kalisz diversity and you has been. I mean. My instagram is blowing up. which is so cool, you know it's funny because it's people are discovering ym in the weird way. God washrooms. Are you did that Enron Michelle and never been kissed and wedding singer? You know so like Sh-. The lavas pouring and it's so nice I mean the numbers are jumping up and it's just really great to you. Know we as cautioned designers, we are behind the scenes, and nobody really knows what our job really titles I think. It's kind of hard. You know what war goes into it in the preparation, and really all the creativity that has really come from Ma to create these characters from pages of the script they. They really just kind of very vaguely are described to us, and we really have to kind of be the psychologists kind of like a you know a detective to find out who they are deeply. You know their psychology were they went to. School may be no place in live there in right now and you know where they shop apartment they have you know once their journey right now in the film you know. Article to character to you know so. It's really a lot of lot of details that goes into. People don't really understand you know I think it's. It's one of a mysterious job in the way Oh. Yeah, absolutely so I. Mean You said you're making the rounds? You're all over vogue. You're all over instagram. People are are recreating favorite clueless moments. And I mean what does it feel like to have been part of a film that is still so much a part of pop culture even to this day after two decades it still so fresh and so relevant, and so loved is incredible I mean it's truly it's like A. One lifetime situation lighting that one can have that that something. Do you do out of love? You know because you don't set up to do the best session film of the universe but right. Thing, you know you, you I mean I. Am at fashion designer from training, and then I got into the question. Quebec doorway, and you know when I met amy on the pilot pilot and get picked up tablet. We creatively just connected so strongly. She loved it I was in Europe. I grew up in Europe. Seven different point of view fashion more European, and that's what the film needed. So when she wrote she called me, said the girl. I really want you to do this. To bring something so fresh and fashion forward something that's not on the street. Because of the time it was all grunge. She knows all everybody was wearing their. PLATIN- Baggy Pants, and was oh. Kurt Cobain Nirvana and of fashions in the street, so those nothing to go from everything had to be invented, not taken from the runways Paris Amina Milan share. Would the only probably daddy flew her there? She probably had the tickets in the on the day and was able to know things that she liked then everything had to be translated into the high school. Because you know amy is director of the night. I want this to be very useful, very. Very very sweet, very feminine. You know girly and that's kind of what we are changing from French fashion. Forward. Of course, it had to felt high school's head to sell their young girls because they had to feel pick, and I think part of the love for this film to the, even though they're a high fashion, and that is amazing of funded. As they felt authentic, the they really were beloved in the end that you knew who share was nearly the aunt was and out of. That feeling that emotional feeling thing, and that's why the film has lived so long because it's such emotional connection that people have to film you know with the fashion with kind of making you feel good. You know talking with a friend the other day like where does movies? We need more of those you know. The never been kissed. Michelle held to lose a guy in ten days. Almost fun movies. Movies that which none of watch and feel good, and it's okay, and it's a little bit of mystery and fun, and and Automo-. I miss those movies. You know I will miss those yeah,
Ross and Carrie are Falsifiable
"Hello and welcome to Oh no Ross and Carrie the show where we don't just report on for in science rally and claims of the paranormal, but take part ourselves. Yup, and they make the claims we show on to carry poppy and I'm raw spot sure, and this is a little updates and corrections episode. We've been meaning to do that for a long time because it's been a while since we've Enron, we've updated ourselves in corrected ourselves. Well. We do that off and on anyway, so we've released lots of little mini corrections along the way, because whenever relevant and not to off-topic. We like to let you know when we messed up. Set things wrong or just update every body. Right? 'cause there's all. All these little things that continually happened after investigations they never fully leave us. We are left with newsletters. We are left with new bell respondents video obsessions right yet new subscriptions to youtube channels. That's kind of the danger of the show in our format is we cover so many topics and we try to stay kind of tapped into all of them. That's at ten on the danger rating is. Youtube Rabbit Hole! Danger Ratings from all the investigations. Just add them up. You'll probably notice when we get to corrections that a lot of these corrections are like. When did they ever even talk about that bright? I don't remember that it's not important to me well. It was important to someone who emailed us a lot of the Times. It'll be something that we sort of tangents. Head tangent all. The most dangerous territory when I remember hearing about this thing Blah Blah well anyway. Moving on that's when I get things wrong than when we hear about him, but this is good. We WanNA. Know when we're wrong. There's nothing wrong with being wrong. We're always going to be wrong. Everybody's wrong about things all the time and the way you find out to to get them right in change, you know sometimes people right and say well. You got this thing wrong here you. Are you getting mad? Mad, at other people for getting things wrong. Yeah, the this fine people get things wrong. There's a difference when you're making a claim. That's part of Your Business. Your Job Your profession, your promoting Brung ideas, and there's also another thing where you know you learn, and you stop saying things and say Oh. Sorry, oops! I was wrong about that. I won't get that wrong again. I think. How central is that thing to your point? The theme of whatever you're doing. Quite a bit his. Your whole thing is that you're the world's most supported medical medium. Most supported most backed by the scientific establishment I. Don't know. Maybe you should know what a double blind study is. It's that whole maximum of extraordinary claims require extraordinary evidence. There's kind of a similar scale there. Where there's a level of importance to the thing you're saying. Yeah, and how much rides on you getting correct anyways. We want to clear the air when we get things wrong so mostly people write very nicely. Yes, that's when we really appreciate that all right anyway. I update and or correction So, we cured cove Ed. That's what my notes say. Okay, so this is in relation to our recent homeopathy for covid nineteen class that we took. Yeah, so we offhandedly asked what hydrotherapy is because she kind of went quickly passed that I guess in a slide and we were like what's bad. Things with water. Is that drinking water? What is that? We're going to be bothered? Yeah, there is I mean so much flies by in that class. It's wild, but a few people wrote in or tweeted. Let us know what it is, so we're right. It's using water for pretty much anything. It's a big catch all term for some things varying levels of repute. Yeah, so that's one of the problems is that it's so widely applied that. Up Studies about like a hundred therapies real. Does it work including like using an ice pack? You know like on a sprained ankle as an example of water therapy. Therapy. Okay that works saying well yeah yeah. Agree Fun of the thing that comes to my mind is Charles. Darwin had a water cure that he was really into and Thurston is run. A good cure for Thursday's to drink water. Yes, very good Charles Darwin I didn't find out about this until I saw the two thousand nine film creation with Paul Bet knee playing Charles. Darwin and there was this whole scene where he takes his daughter to this practitioner, and they dumped just tons of water on him, and I'm watching the movie thinking he didn't do that. That's crazy. Turns out he did. He had a series of terrible complaints of all kinds of things going wrong with his body. Body he was vomiting, he had nausea. He had I think headaches and eggs, Emma and just everything was wrong with Charles. Darwin Poor Guy People now think it was maybe some problem with his autonomic nervous system. That's like the system that runs all of your unconscious functioning of your body so newest poor guy. He was miserable all the time, and so he would have like water dumped on him and Yeah, he had a doctor trying out the on, and he didn't buy into that so much. Charles Darwin because it was pretty new at the time. anyways. That's what I think. When I think of water therapy, you were saying. Well we've also of course heard. It applied to colonic hydrotherapy, which is right, shooting water up here, but for various reasons, and that's definitely on the less supported by the evidence
Rises and false: markets v the economy
"Yesterday for the seventh straight week of record number of Americans filing for unemployment more than thirty three million people have now applied for benefits since mid-march totaling a fifth of the workforce from Coast to coast tonight. The faces a deeply personal unemployment crisis. All right the breaking news. A record shattering six point six million Americans toward thirty. Six thousand jobs were lost in the month of calming and they're calling me and it happened. I'm wanting to pay that. But if you looked at the stock market you could be forgiven for wondering if investors have just missed the news if you take a look at the month of April the Dow the S&P at their best month since one thousand nine hundred seven days gains make it official. The Nasdaq is pretty much flat on the year and Kudos to the market and people that still believe in it. It's a long way from March when America's markets dropped by a third the stock markets in the. Us is actually higher than it was in August last year. Which really take step back is incredible because it seems to suggest the pandemic and really the most severe economic slump in modern history. It appears to suggest none of that really matters and will be back to businesses little Patrick Fouls Economists Business Affairs editor and won't turn things around will lead to a resurgence of optimism was basically action by the Federal Reserve. America's Central Bank to prop up the corporate bond market and not meant investors. Suddenly felt comfortable. Companies could raise money and also reduce that fear that some big companies might go bust. But that's bond buying in big companies. What about the small and medium-sized businesses? That we've been talking about a lot on the show that seemed to have been suffering more. I mean remember Copa America. Has this very distinct thing. The company's normally through the bond market rather than boring three banks. So that's the thing the fence targeted. The problem is for the millions of small companies across America. Of course you can't go to Wall Street and issue a multibillion dollar bond so those companies are much more reliant on the banks. The Fed is trying through various tools to pump government money central bank money through the big banks to get to those small mainstream companies. But it's much more complex is much real bureaucratic and so far. We'll see appears to be much less effective. We're in the midst of earning season here. And and the the results haven't been all that encouraging I mean even if the Fed has implicitly backstopped the those those big companies for now. Where where does that leave? Investors at this what investors are weighing on several different. Things I mean basically. There's the prospect of a lot of government stimulus which directs money towards some companies and less so towards others said. That's one fighter but the goal. This question what else do you do with your cash. If you're an investor you can put the money into government bombs but the problem is interest rates are really low in America and they're actually negative in parts of Europe and Japan which means you actually lose money if you buy a bond on hold onto it so it's a kind of near-certain by bets so as a result the pulse Ivanka turnips. Investors are piling into the stock market. But you can get a kind of sense that it's a bit cough hearted because they're not buying companies that are really exposed to booming economy over southern recovery so they're not really investing in restaurant. Shares or airlines holiday shares. In fact the thing they like the best is the big tech companies Amazon facebook Google. And that's because those firms seem to be able to make money whatever the economic conditions right which we saw evidence of yesterday when the Nasdaq Index home to many of those firms turned positive for the year but even though everyone may have acted rationally so far. What about the future? There's all these fears of second. Wave of infections in impacting farms. Are there any other risks to to look out for? One of them is just that what is logical and sensible for companies in isolation doesn't really add up for the economy as a whole so lots of bosses hope to do a lot of cost cutting including firing people in order to generate money to sustain the prophets. They have also to pay some of. The deaths were accumulating over the recession. And you might think that kind of makes sense and if you're invested in a company is is not an unreasonable strategy. The problem is if everyone does that together. What it means is an even deeper slump. Which could suck on from the economy. So what makes sense for one company might be actually quite bad for the economy and the stock market total? The other thing to worry about is fraud and every long boom and we've just had the longest economic expansion the US tends to lead to lots of shifty accounting and financial engineering and one thing to watch for is a really big company. Blow up or admit to cooking the books and previous downtown's think of Enron in two thousand and two thousand one this big company that when essentially bankrupt or more recently leman brothers by these companies kind of leading the stock market done. So that's another thing to watch.
Concepts of a Psychedelic Trip P. 2
"All right. Welcome to the dirt show. I'm higher peaks Innocent Lady Sativa and welcome to part two of components of a psychedelic trip. I hope you enjoyed the first part. Like I said before. We're GONNA go into some really crazy stuff now. Last time we finished off with geometry Which is my favorite and I think that the eight levels kind of explains in eight B. I guess nine levels nine said nine eight plus but yeah I? I think that explains kind of the profound part of the trip. Which is I feel like the most important. But this time we're going to start off with actually fractionals. That's another common component in this visual geometry. These are a concept that exists within mathematics and can be described as complex patterns that repeat infinitely into themselves allowing for the same self similar image to be found no matter how far you zoom into any of the image. I think most commonly. That's what I see the geometry that I see as fractionals if you look that up online Google images. Those are pretty similar. Now good but really creepy is about an hour ago. I opened my phone and I was on a Frac Dole geometry page and I don't know how it got there. Is that not creepy? Yeah see there watching and listening always you know but hopefully maybe they'll raise our our stats right all right. All right specialties in law enforcement out there you know we hope you're inflating our stats for us. We appreciate it. Good looking out to your friends but fractionals. Yaffe look those up and actually I just want to make a point here. I hope I do. Not messes word up. But I believe it's ship bows ship. He Bows Arch Abell Shiva. Bows that the first one if you look that up that is there's I bleeding. It's an Amazon try or it's a tribal group that has been known to use. Iowa for a long time not like Amazon. Like you go online and buy something like actual Amazon guys. Maybe I don't quote me on that. I know you've been stuck inside for a long time but there's other things called like the Amazon. This is this is not mail order. I O Oscar right but if you look that up on Google that art diffraction images that kind of artwork is almost dead on so if you looked at At sperling cool too yeah and those tribes. They are Like I said well known for a long long long time of doing Iowa and they have. That's their artwork. And so it but if you look at it they've really kind of nailed it how it looks. Yeah good examples there. They had good notebooks in their head in their head. And I guess the stick in a piece of wood. I don't know I don't know. Yeah all right. A hallucinatory state. The fourth century effect is perhaps the most profound subjective sensory effect that the psychedelic experience has to offer there manifested as two distinct affects which come in a variety of different intensities external hallucinations. Right which we know. That self explanatory internal hallucinations. Which again is a self explanatory? Well it's closed. I think it's open Iverson's closed is where we're getting at here Maybe why I didn't put the definitions in. But maybe internal like I could see like I was building an insane asylum with my eyes open staring at something. Yeah so I still building stuff but my eyes were opened. I will see it. That's why I said it was at the ocean. Because the glow stick I was going back and forth and staring at anyways Enron experience. Yep exactly transforming hallucinations internal external the and the transforming hallucinations. Remember are things changing shape from one thing to another so it could be from a solid object to geometry or could be you know from solid object to another solid object But that could be both internal and external and I don't know but a lot of times they separate the transforming part from the other hallucinations right and I don't know why other than the fact that it's maybe it's more of a true hallucination in the sense that you can something can change into something else. That's real like a table. Could turn into a chair. Say Yeah Okay. Go ahead as these states of imagery become increasingly elaborate proportional to dosage of course They eventually become all encompassing full-fledged. Three D. Hallucinations which surround the person in fashion similar to dreams. This creates a feeling that one has broken through quote unquote into another reality. The things which occur within this perceived alternate reality can be anything but generally fall under common archetypes such as contact with Automata not automaton autonomen. I don't know what the fuck I was auto bought. It is not an Autobahn Thomas. Entities imagined landscapes and scenarios. That can seem so. Unlike anything previously experienced that they are in all probability untranslatable into English so in other words we wouldn't understand them. It would only be something. Our Mind could understand yen. Unfortunately I think a good portion of upper doses of psychedelics are like that even I cannot describe the geometry that I see does a really good job. But it doesn't you don't you don't really understand the complexity and just like your whole don't you don't understand imagery just like a book. Anybody who reads the book will get something different out of it. Everybody will picture a person in the book differently. Good analogy I'm sorry but here's a good example twilight to me. I don't think the characters matched up as the movies. So there we go. I me mentally. I thought of somebody completely different for everybody in there. It's just you know the way. The book explains something compared to what somebody else season their minds. I you can't make somebody see what you see. No you can't explain what you see to somebody exactly the way you see it. No imagination is so I mean that's just it. It's imagination. That could be anything. Some people have it. Some people don't And I think like what we're talking about. Here's what you've experienced you'd have to either be high doses of You know acid. Lsd Or say mushrooms. But you know like emt trip this will be common in regular EMT trip and the Thomas entities which we're GonNa get into seems to be really common with DMC and again all. These things are so abstract right but not only is the person who's under the influence comprehending it in their own way. I mean there's got to be so much influence on how they comprehend that vision. Yeah it'd be again like use like looking at a painting. What you see is going to be different than what I see Even though we're looking at the same colors in the same picture yeah. We're going to comprehend in two different ways. It might be pleasing to you and I think it's shit this is. This is so Gordon Ramsay shutout. The content of these experiences are often described to fill transcendental mystical spiritual and religious in nature regardless of the trippers theistic beliefs. And that's important to realize because it's saying that it basically supersedes anything that may have been there before The tripper demis each individual person. There you go. Yeah but also to like I had said in this geometry plus Dosages these are the transcendental so for a lot of people they might take an eighth and not necessarily hit that point epiphany of any sorts. They might not see an insane asylum like yes time. Yeah so that's you. My immunity was apparently a lot lower than because I cannot do that now. I can barely last time last time we did do it like actually solidly tried to do. It was when I was watching Harry Potter. And it took me until you were almost out of your trip in order to get into mine well again. That's the thing it's you can try to time things. It's it pissed me off and the only reason why you continue to trip is because I turned on Harry Potter. And you're like oh I just remember. You were tripping out next to me like the blanket all the way up to your chin staring at the TV. And I was all sitting up with the pillows in my arms crying because it was so cool. Yeah just because you're crying in the corner doesn't mean it's a bad trip.
"enron" Discussed on Stansberry Investor Hour
"Bethany. Mclean Bethany McLean is a contributing editor at Vanity Fair previously. She was an editor at large Fortune magazine where her two thousand one piece is. Enron overpriced was one of the first skeptical articles about Enron after Enron collapsed into bankruptcy. She Co authored. The smartest guys in the room the amazing rise in scandalous fall of Enron with her fortune colleague. Peter L. Kind. A documentary based on the book was nominated for an Academy award in two thousand six in two thousand eight McLean joined Vanity Fair as a contributing editor in two thousand ten her book. All the devils are here. The hidden history of the financial crisis which she co authored with New York Times columnist. Jonas Sarah was published in Two Thousand Fifteen Columbia Global Reports published her mini book shaky ground the strange saga of the US mortgage giants and in fall of two thousand eighteen CGI published Saudi America. The Truth About fracking. And how it's changing the world her 2016 Vanity Fair story on disgraced pharmaceutical company valiant was used as the basis for net flicks is dirty money episode about the drug maker. She is also a columnist for Yahoo Finance and a contributor to CNBC and the host of the podcast making a killing which is available on luminary. She also serves on the Board of the Stigler Center at the University of Chicago. Maclean graduated from Williams College in Nineteen Ninety two with a double major in math and English and from nineteen ninety. Two to nineteen ninety-five she worked as an investment banking analyst at Goldman Sachs while lots of great stuff there Bethany. Welcome to the program. Thank you for having me so Bethany. You have written a lot of really cool books and I have them all right here in front of me before we get any of that. When did you first have an inkling that you're career? I assume you you were headed into journalism before you're headed into finance. Was it the other way around whichever one it was. When was the first time in your life when you thought this is definitely going to be my career direction so I was really an accidental investment. Banker I was a math major in college and and always thought actually that I'd go on to graduate school and unfortunately I realized during my junior and senior year that I was neither very good at math and nor did I like which is a bad combination. If you are thinking you're GonNa have a career and something I had no idea what investment banking was but. It seemed like a reasonable route for a for a math major so I ended up as an analyst at Goldman that it was it was completely by accident. I was by no means a young investment banker and training. I grew up in a mining town in northern Minnesota and I didn't even know what an investment bank was So I I actually deferred business school to To go to Fortune as a fact checker which was pretty much the lowest rung on the Totem Pole. And it was pretty clear to me right away that that's where I was supposed to be so after my first year I defer business school for a year and after microscope for tonight decided not to go. And that's what I been doing ever since but it really wasn't until I started working as a journalist. I L this is. This is what this is what works for me and hopefully I work for it Roy. Okay so I'm really curious about something in particular like we said in in your introduction your two thousand one piece of fortune is Enron overpriced. I mean it's kind of become one of the classic pieces of Financial Journalism that people refer to because it was. We said one of the first but I thought it was like just about the very first serious article about Enron in a major publication. And I'm curious what I got you on to Enron like did somebody call you up. And say hey. I'm short this piece of garbage. You need right about or what happened. Essentially I mean I'd I'd been working towards or what about five years at that time and I didn't start out being skeptical at at all but I had enough stories by that time. Pitch to made from you know analysts who buy ratings on stocks and this was in the during the first dot com bubble and portfolio managers who own stocks in only to watch them crater after Glowing piece about them so I started to become very cynical about what I've taken to calling the by machine. The all the forces that are oriented toward stocks going up and up until until they don't Inside started trying to get to know shortsellers not from any desire to crater companies much more because I was tired of writing pieces and being wrong and even more so tired tired of the information gap which I mean you can get all the information you want easily write a bullish piece on a company and that's still to some extent true today you can call unless you can call me stock. You can talk to that company management. It's not that difficult but getting information that refutes the bullish these unaccompanied is is really hard. The advent of twitter has helped at a little bit but a but not so much for the great variety of companies that send to it. Hasn't taken an interest in yet anyway so I started trying to get to know shortsellers back at that time. It wasn't that easy because a lot of shortsellers didn't didn't talk to the press. But but I got to know a guy who worked for Jim Chain US A guy named Doug mullet and at one point probably in the fall of two thousand called me up and he's Kinda laughing and he said you tell me if you can figure out how how Enron makes its money and I was recently enough of Goldman that I was okay with you know starting to do spreadsheets and taking apart the company's Ten q ten k talking to people in saying how does how does this thing work in. Nobody could answer that really basic question. Okay that sounds pretty good and so then you wrote this article that was two thousand one and was this like all one long sort of what came after the article. Did you kind of write the article and then not think about it much anymore while it is? I thought about this a lot. And in retrospect because it is one of the downsides at least of old school magazine journalist and that's not so true anymore with with web publishing back in those days. If you did a magazine piece it was a little bit. Hit You with your best shot. WereN'T GONNA keep writing. Follow up magazine pieces on the same topic and so after. I published that first piece. I didn't write about Enron again until just killing who is the company's CEO abruptly. Quit in August of two thousand and one. And that's when it rapidly started becoming apparent that this this wasn't GonNa end well so I never thought when I wrote that for a story that Enron was gonNA become the kind of moment in our cultural consciousness that it that it did let alone a great a great business scandal. I just thought it was an interesting story and so I didn't begin. What work on the book until after the company went bankrupt? After I wrote that for a story I I never really had any intention of revisiting. It was only after Enron blew up into this giant mess that I that I began to work on a book and the book was published in the fall of two has a three some about two years after the company. I think it's a funny thing. Isn't it like the stocks that I've written about my newsletter that have become kind of my greatest hits or whatever you want to call them? It didn't start out that way. I just found another idea I liked and we published it and recommended up to a certain price and all that stuff and provided our research and then after we started realizing how great it was only then like a year or two into it. It's that same kind of thing that the stories choose you in other words don't they? That's a really lovely way of putting it stories due to you and I think all you can do is just be really interested in things and curious about them and try to get to the bottom of everything you're working on and the truth oriented and as unbiased as you possibly can and hopefully stories we'll Good stories continued right right. And it's a funny thing to in Your Business and minor or little similar in that way. Not only do they choose you but there seems to be this pattern where you are kind of covering the waterfront and you're moving from saying to sing and life is pretty normal in you expect to get as deep into it as you need to at the time and then all of a sudden. There's that story choosing you moment and you're up to your eyeballs in the thing for whatever it is a year or something and you know like implied before you never see it coming chooses you and then you know after. It's all over. Then you're back to going. You know kind of one story at a time waiting for the next thing to choose you. It's like my careers not running my career's running me. I Guess Yeah. That certainly has always been Approach to things in this proactive. I'm blinded choose. I might my career but maybe I'm just lazy. I don't know maybe you're lazy to your. I don't know I don't know about the laziness. I mean joking obvious. Yeah Yeah Yeah. Yeah. It's just the nature of things. Isn't it so one thing? I noticed that I want to say about the smartest guys in the room. Which is like the definitive account. It's an awesome book. Everybody ought to read it. I hadn't read it until very recently and it doesn't take you long. Does it to get to a scandal. It's like in the first chapter or two you get to the first early scandal like in the early history of the company. There's you know the trading scandal with what was an Enron oil. I think it was called. Yeah those those talk. Yeah it's it's the whole Enron story is still to nate fascinating in so many ways. Not just The CANARIES McCall mine. Along Enron's trajectory how Enron itself was a canary in the coalmine for all sorts of problems. We've seen later on. Which I think is why. The scandal has such legs because it was indicative of of so many of so many things But even the degree of financial engineering that Enron did their their creative accounting Still think there are just so many lessons in that. And then it's just it's a shame it's a classic Shakespearian drama and the characters that were that were at work there. It's Li- I never and never get tired of the story. Given sort of where we are as as we speak with you and It's a story for for our time. You know once again. We've we've inflated this huge bubble that is now collapsing in ru in world record time each one has its own unique way of blowing up you unique way of collapsing. But I don't know when as I was reading this thing. I thought well even though I know that this happened. Twenty years ago or something. If feels like it could be happening right now. It just feels very current to me somehow. Still it's like every ten years when the market collapses you can just read the smartest guys in the room and Yeah. It's about like that every time at from the perspective of Buck says I like your point of view. Yeah yes I'm I'm not trying to sell the book that I recommended that folks listening do by the book and it but but that was where I was headed. I just it's and it seems to me though..
Flat Earthers: What They Believe and Why
"This is scientific. American science talk posted on March. Twenty seven twenty twenty. I'm Steve Mirsky. I'm going to let my guest introduce himself in a moment because he does a better job than I could. Midway through the following discussion. We'll take a break for a short segment sponsored by the Calveley prize with Caltech Planetary Astronomer. Michael Brown who has done groundbreaking work though solar system breaking work on the Kuyper belt and its largest members. His segment is not unrelated to what will be talking about now. It's not about corona virus. You'll find some parallels to how some people are reacting to corona virus. Buckle up so I'm Michael Marshall and I'm the project director of the good thinking society which is a charity based in the UK the whole purpose charities to promote science to challenge pseudoscience. So we'll do work Ford Science Education and then another PA the work that we do. The bulk of my work is to find ideas. That aren't backed by evidence and find people who are promoting those ideas find people who are buying into those ideas and to explore them and figure out if anything can be done to prevent people being confused by them Hound by the misled by them and those kinds of things. So I spent a lot of time looking at things like alternative cancer kills and the people who promote those and alternative medicine spent a lot my time going to see people who say they can talk dead. Oku can do faith healing and then another part of my time is spent token people who believe in unusual ideas and kind of proponents. And that's how I came across the flat. Earth world is through my slightly odd a hobby at the time before I was working. Fulltime as as a skeptic is a hobby of mine to be in rooms filled if he who disagree with me to just understand what brings people to ideas that. I would look at and say well. This can't be true. These kind of fringe and extreme and unusual beliefs. What brings people to believe them? And what what? What kind of path leave people there will? Evidence supports supports that position in their minds. And how do they engage with the world with that worldview and try and have conversations? Podcast where I talked to people who have kind of fringe beliefs and instead of having a conversation that a lot of people have if they are a skeptic about something and they're talking to believe where you shout at them and tell them never home and point out all the evidence and tell you gets into a volatile discussion sometimes instead of that. I've tried to have a civil and polite chat to try and explore the gap between us. So I don't believe in this idea of yours but I'm reading to figure out why I don't believe it. Why do so? Let's have a conversation? So have these kind of civil discussions and that's kind of how I came across That the flatter theory and the idea that there are people walking around today. Who think well this flat. This is really interesting and serendipitous that were sitting here because I knew that there were some flatter. Thor's out there and I just thought it was kind of strange and funny and about a week ago I discovered a friend of mine who is very well educated. She got a doctorate in biochemistry and She has a sister who's also very intelligent and very well educated and my friend told me that her sister is a flatter and that her sister is very indignant about the idea that We don't take them seriously and she said something to the effectiveness is hearsay. That we're getting for me right now. That will you know if you looked at the evidence. Then you'd know that what you've been told isn't true. So all of a sudden became fascinated with the flat earth people and then Just on twitter and I had I had been a follower verve yours until I saw this tweet that somebody I follow must've re tweeted that you had just given a talk in Edinburgh where I have been and So I reached out to you and it turns out you live in Liverpool and here I am in Liverpool today. So that's why we're here talking so tell me what do the flat Earth People Think and why do they think it so to your packet question that will bit because it's very easy for us to see the flat? Earth Movement is one singular cohesive movement and. That's how I I thought about it when I first came across in two thousand thirteen when I came across the flutter society in the UK. And so I had a conversation with the vice president of the Flat Earth Society and I assumed you probably have in your mind that people who believe the world is flat thing that the world's disk and in the center you've got the Arctic Circle then you've got all the continents of the world are splayed out to fill the circle. Antarctica is like the edge of disk. But I found out when I first spoke to flatter societies that not everyone in the world has that version of the world and the heads. Some do believe it's a disc but others believe that. Yes the Arctic Circle in the middle the landmasses around it and then on top Around the edge but instead of it being discreet disc some people believe in fact Antactica just on forever and all directions and so they believe that the earth is actually an infinite plane in all directions that bisects reality which is a really lovely idea. What does that mean by? Second three dollars so it will go on. North South East West go on forever and there is the above and the below. But there's no way of getting from the top to the bottom because it's just infinity of all ice in all directions forever so there's no way of getting below the earth and so this was when. I first came across the floor of moving in two thousand thirteen. This quite vociferous debate that was going on and the website of the three in the flat. Earthers yeah it was. It was quite a schism really and so they'd the society. The the time was largely a forum where they would bring forth that proofs of one version this theory or another and I also think there's another schism going on in the movement at the time Which is between one side which people who genuinely really believed the world was flat and the other side which after he did not believe it but enjoyed intellectual pursuit of arguing a position than you false and so they would find quite esoteric off the wall proofs that most people wouldn't think of and so when I first came across it in two thousand thirteen there are people waiting into these arguments who believe the world is round but had never thought about it the fall but just assumed innocent of arrogant way that they must know better than anybody who's thought about it and come to a different conclusion and so they were stumping into these arguments saying well what about photos of the earth from space and what about this and what about ships going with the rise in thinking. Well this is the Gotcha but not realizing that those are the first things they thought about that. They thought the world approved walls around. And therefore it's probably likely that people who think the world is flat had the same idea and yet they're still flat earth So at least in their mind they must have a good answer to that. The people believe the world was round in these arguments. Didn't have 'cause they'd never scrutinize the idea. They rejecting enough and so what was happening. Was I think to a degree? The part of the schism that were just having fun and move very well. The world wasn't flat but just enjoyed the pursuit of doing that. They will winning those arguments of people who are coming in and arrogantly assuming that they could answer everything and in winning those arguments they were really converting even more people who really believed it. And so you had this kind of effect where we saw spiral out of control a little bit. But I think it it wasn't viral in the way that in two thousand thirteen and a as a in the way that it was in two thousand sixteen in two thousand seventeen. I'm think PA that is because that ISA teric off wall version of proofs could be quite complicated to get your head around so for example if you have the disc version the world and the infinite plane version both muddles suffer from an inability to explain gravity. You don't have the spherical mass united central mass of a central point pulling it all two to one point So it's very difficult to explain. Gravity neither one models but these people who are doing kind of East Tarik arguments are saying well what gravity gravity and accelerate falls towards the ground. Think nine point. Eight meters per second. Squared accelerates downwards. They said that is identical to a world in which the ground accelerates upwards to meet you and so when you let go of something it isn't that it's accelerating downwards that it's the grounds accelerating up to meet it Sephora relativity and that's this is exactly where they come to you so people then say when if ground is if the earth is an infinite in all directions that by sex reality and is accelerating open at nine seconds and always has been since the dawn of time. You'd hit a problem which would be the speed of light. You can't go fast so people don't have a Gotcha for this. And so the people who were putting forth esoteric the wall trobisch arguments would say well look at Einstein's theory of relativity as you approach light speed time itself slows down and the mats in their head works back out again so yes beginning. Quick time getting slower and we can account for gravity in that way. And that's quite a complicated auditing Enron. And so I think the fact that these people were winning arguments was getting converting some people movement but the way in which they were winning them were keeping people away from the movement because they were quite complex ideas to you. Couldn't stick them on a mean as you can these days. Here's a picture of the earth. You couldn't explain all that stuff about the relatively proving gravitate infinite plane version of the world. So I think it was a limiting factor going on and that's why when I first came across the free movement it was probably still pretty small. Pretty unknown I've been given talks about pseudoscience for the last five six plus years and I've mentioned that I came across the Flat Earth. Moving and people would always say to me this. Nobody who actually believes that nobody actually doesn't really exist. That people having fun with stay quite small and then in. Twenty fifteen in two thousand sixteen a couple of things happened that really ignited a movement and it was the publishing of two videos on Youtube video series on Youtube. One I believe was Eric. Debate tuned approves the Spinning Globe. And the other was mark sergeants. Fourteen videos in his letter clue series.
"enron" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior
"Offers and hope they will. This is a national emergency and in a press conference Cuomo also explained quote were competing against other states. Price-gouging is a tremendous problem. And it's only getting worse. There are masks that we were paying eighty five cents for. We're now paying seven dollars at that. Press Conference on Monday. Bar gaslight the nation just like he did with the. Mola report cover up that major. American newspapers fell for running on the front page of the New York Times and Washington Post that Moeller exonerated trump so bar the gas lighter of the DOJ our chief criminal law enforcement officer. He's a gas later extraordinaire. He goes on to tell the American people at the Sham Press. Conference that they're fighting price-gouging so what does that tell you that tells you you're absolutely not fighting price-gouging that's how you need to read that anybody who was price-gouging making money off of New York right now in this moment of crisis were the hospitals ten days for now three weeks from now or about to be absolutely overwhelmed and doctors who are already nurses. They're already vulnerable already. Getting sick themselves happened. Choose who lives and who dies and if you're trying to make money off that right now that's blood and money and governor Cuomo. He's in such a tough place. He would probably love to leak. The names of the individuals were price. Gouging him right now and name and shame them but he can't because as we say here in New York. They have him by the balls. That's the situation that they're in. So you know this whole price gouging. You know what it brings up. It brings up Enron. We all remember the energy crisis in the West. The Enron fueled for greed where people were seriously hurt were lives were seriously disrupted and chaos was created so from wired magazine. Enron bought just as a background of of what Enron was was an energy trading firm the Co. Ken Lay was very close with George W Bush and Cheney he was a major backer of George W Bush he considered himself quite close to Bush. Surprise surprise there and his energy firm all the news articles. Speak for themselves to give you background on this. So from wired Enron bought California power at cheap. Capped prices routed outside the state and then sold it back in California at vastly inflated prices from the L. A. Times Enron's traders divide schemes with such names as fat boy and death star to manipulate the energy marketplace in California and other western states behavior captured in well-publicized recordings of company employees gloating over the plight of quote grandma. Millie and other hapless ratepayers. So this is basically what's happening now. We're living Enron here in New York by trump refusing to listen to Andrew Cuomo and call the defense production act that would force businesses across America to produce the much needed supplies. That we desperately need were lives are on the line and those supplies would then be sold to the states that need them at reasonable prices and there would be plenty to go around and businesses would still make money based just wouldn't be able to profit a fortune blood money off of people's lives. They wouldn't be able to have these desperate sleepless governors by the balls. That's what's at stake here. So trump is allowing an Enron. Go on right now by not calling the defense production act and is because Republicans do not WanNa stand in the way of blood money. That's it that is it. They do not want government to have any influence even good governance on business. They want business to run freely. They believe in the God of the Free Market. Even if it kills people they want people to get rich off of all of these lives on the line. They want people to get rich off of doctors and nurses having choose who lives and who dies in the in these horrific weeks that are ahead of us here in New York and this is Enron all over again. This is trump's Enron. This is bars Enron. This is pence's Enron this Enron this jared Kushner Ron and we cannot forget this. It's all happening again. It's playing out right now. In this moment of crisis it echoes. What Texas Lieutenant Governor said about? How grandma needs to be sacrificed on the Altar Wall Street essentially? So what we're GONNA do now is. We're going to play a clip from Alex Kidneys. Excellent Documentary Enron. The smartest guys in the room. We're GONNA play a clip of Enron energy traders laughing about the energy crisis that they created back in the early two thousands. We were GONNA play clip of that. How they're laughing grandma. And then we're going to contrast it with this clip. That just came out the other day of the Texas Lieutenant Governor on Fox News talking about how grandma needs to die so the economy can move forward from those poor grandmothers of California. Yeah GRANDMA MILLIE. Man couldn't figure out how to hold on the ballot. No she wants her fucking money back for power you John Tucker. No one reached out to me and said As senior citizen Are you willing take a chance on your survival in exchange for keeping the America that all America love for your children and grandchildren? And if that's the exchange I'm all hand and that doesn't make me noble brave or anything like that. I just think there are lots of grandparents out there in this country like me. I have six grandchildren. That what we all care about and what we love more than anything or those children and I want to. You know live smart and And see through this but I don't want the whole country to be sacrificed and that's what I say everything you said it is right. And it reflects broader corporate culture a culture of disaster capitalism. That really came to prominence just as trump did in the nineteen eighties. And so all of this is making me. Think of Carl. Icahn known someone for mystically as a corporate raider and all of his proteges among them. A trump wilbur. Ross who's the secretary of Commerce and Steve Mnuchin the treasurer who is right now. The central figure in the negotiations over. What kind of compensation what kind of bailout we're going to be getting and it is very dangerous that it is Mnuchin in this position. We've discussed on this show before so I think back. In December two thousand eighteen listened to those episodes these are people who treat financial meltdowns as political opportunities and political meltdowns as financial opportunities and that has been the story of Mnuchin Life. So yes we are headed for Enron part two or something worse so just a little bit of background on him. Mnuchin is one of the very few remaining members of the original trump administration. We've noted many times that the corona crisis is being managed by trump's inner cobol which is Pence Jared. Ivanka MNUCHIN instead of by public health officials. And so why did they want Mnuchin? Why did he stick around? When so many others in the administration that were there in two thousand seventeen gone? It's because he will steal from you as you suffer. They loo- any redistribute to themselves. Like reverse Robin Hoods and so you know this is something you need to take to heart. These men have known each other for decades. Carl ICAHN even was in the trump administration until late two thousand seventeen when he was removed due to a massive ethics violations back when people actually got removed for things like that they are all part of one group. They have known each other for a long time. Mnuchin was one of very few people in America to profit off the Bernie Madoff Ponzi scheme which decimated the country during the two thousand eight financial collapse. Mnuchin however He made a killing. Now he will literally make a killing off of millions of dead. Americans MNUCHIN was the chairman of Trump's deeply corrupt presidential campaign which was initially investigated for fraud and theft. Before rule of law disappeared in this country as Treasury Secretary Management's main job has been to ease sanctions for Kremlin oligarchs despite the law or the will of Congress he's been particularly keen to help Oliveira Pasta the oligarch for WHO manafort worked. And then here is what you must remember which is that. The Treasury was hijacked by Russia. In two thousand fifteen so yes. The Treasury was hijacked by Russia during the Obama Administration. And no one has done a thing about it. The only publication that has investigated this with the depth and rigor it merits is buzzfeed. Jason Leopold in Anthony Cormier in December twenty eighteen to two long piece about this which I think is honestly one of the most horrific pieces of journalism to come out in the last few years and that is saying something the heart of this crisis and of the US turning into essentially a Kremlin proxy state managed by Russian Mafia asset. Donald Trump. The heart of that story is in the Treasury and it is still hijacked. Mnuchin is still working in service of the Russian mafia and any kind of financial dealing that relates to the Treasury is going to relate to this mafia what we've been calling a transnational crime syndicate masquerading as government. So every time you watch these. Negotiations interactions with MNUCHIN. Please keep this background in. Mind his personal background and also his role within the broader network which is indeed an international network. Is we're seeing the same patterns. Play out in response to this virus in a variety of countries. Now not WANNA add anything here. We go into a bar and his Full authoritarianism pursue. Let's talk about Senator Richard Burke committing insider trading while publicly like trump downplaying the pandemic this is from NBC News. Wild Bir- was telling us not to worry. The powerful Chairman of the Senate Intelligence Committee told a very different story to gathering of dues paying members of the Tar Heel circle a private club of business leaders and organizations the tar heel circle sponsored a luncheon on February twenty seventh with Burr as its keynote speaker. Unlike in his public appearances burs message was dire fifteen days before the trump administration restricted European travel. Burr warned the audience. I'm going to add the very rich audience against European travel. Sixteen days before North Carolina closed at schools. Burr warned the group closures. Were likely bursts said the military might get involved using military resources for hospitals. Burr reiterated that this was a likely going to become a pandemic burs. Warnings were reflected in his personal behavior as well in a single day on February thirteen. He dumped his stock portfolio and thirty three separate transactions unloading close to one point seven million of stock holdings and hotels and other industries. A little more than a week before. Those same stock values collapsed. Turns out that Burr wasn't the only senator bailing out of the stock market. Just in the nicotine time senator. Kelly low-floor Republican from Georgia also sold off substantial stockholdings after a closed January. Twenty four th briefing with health and intelligence officials. Luther denies any wrongdoing senators. James Enough Republican Oklahoma and Dianne Feinstein a Democrat of California also traded in the stock market at this time. But there's no indication that they participated in confidential briefings on the cove in one thousand nine pandemic holy smokes. Okay so senator. Burr is just as sleazy as his ancestor that shot and killed Alexander Hamilton one of the most progressive probably when only progressive founding fathers so the birth family gene of.
Resident Evil 3 Remake: Safe Rooms Still Safe From Nemesis
"Evil three's nemesis just got a whole lot scarier. This is from Hiran Cryer at US Gamer in resident evil. Three not even the safe rooms can save you from Nova Net from Nemesis. A first for the series. The hokey nemesis will be able to break into safe rooms. When pursuing Jill Valentine as if the tyrant was already terrifying enough the latest issue of official. Xbox magazine has an interview with resume. Evil three producer Peter Fabiano in which the producer reveals that yes nemesis will actually pursue protagonist. Jill Valentine into a safe room. It sounds like if you're being pursued by nemesis you'll have to break line of sight before ducking out into a safe room if you just head into a safe room while the tyrants pursuing you who burst through the door to confront you please. Capcom have mercy. This is a stark contrast to resume. You WILL CHOOSE MR X. The tire from twenty nineteen imagining a residential to never enter safe rooms and as soon as either Leon Kennedy or Claire. Redfield entered a safe room. Mr X. would be S- bond and start from another location now Enron. You've played resin evil three. I have you played a pre. You haven't played the whole game. You previewed resonable three. Do you have experience with this at all. It makes sense when I heard that I'd like. Oh Yeah told he is not a slowly whiten around stocking you kinda type. He actively pursues you. If you're running away from him he will get in your way so it makes sense that if you're trying to duck into a room even a safe room he will just follow you inside there. Because why wouldn't he? Yeah always was weird people to play that right. Yes so he's able to yeah. Yeah when you go into the Starr's Office for example. That's one of the rooms that could disarray important. Yeah mister x couldn't follow you into so like that. She would just get in this room that literally just a wooden door that this giant hulking brute would just stand outside. Yeah I can't get in. Get them assist. We were talking about this on our first impressions for three is more active more fast action. He right and the whole game of threes. More actioning would you say which would you would you say is the scarier game. Seems like from where you're at from what you played at of Ari three so far I mean already to a more creeping kind of scare like you're kind of worried about not necessarily the moment to moment like just sort of gently walking down like a kind of vibe to it really your dove. The scare factor is the fact that nothing is happening With zero three even though our new nemesis was coming and I knew he was chasing me. I still left up in my seat. Occasionally of Eli just how fast he would come out there and kick your ass. Mr Extra me was the scariest part original to Mr X. I could I can handle the game for the most part like I still building up to where you start seeing Mr X. and stuff I. I'd be on edge right. Open a door. Zombies see people crawling around see like the liquors the guys on the ceiling downing all that stuff was scary to me but it went over a point when Mr x was introduced like that was the morale is like Oh shoot me and now this game is really scary. So the idea that nemesis is is even breaking into safe rooms and and and is more like capable terrifies me. Let's from a design respective it make sense of this. These are games based on the idea that you have limited ammo but if you do use ammo you'll have to use a little bit of it But it will still kill whatever's in front of you so the main. The enemy of resident evil is wasting resources. Yeah so here's a guy in which even the most resources is not gonNA kill him. And that's what makes him exceptionally scary. That's from a design perspective. Yeah makes you make harder choices. We Bolero writes in and says Hello Camp. She was just announced that Emma so we will to into any safe room in our three remake. Fuck that what are your thoughts on this. Someone who didn't play the original how this compared to it. Does this make the game too difficult? Thank you for keeping me sane. At work we Palero no. I don't think it's too difficult at the section. I played there was a save point right before I fought nemesis and also. I want to say that you don't actually get back to save points. You can send back the checkpoint okay so if you do get killed by Nemesis. You're not going to go back to like three hours before when you forgot to save. I might be wrong on that completely. Somebody can correct me. When are you can check previews and correct me? But it's not like it's not a huge deal that he can follow you into safe rooms in less likely designed it to be a deal of need to break nemesis. I otherwise you're screwed. Yeah which I assume it's going to be a section or two like that and you have like a dodge will have more ability to kind of handle with that faster. Pace and that kind of heightened sense of action and so I think that kind of makes it that kind of makes up for what that difficulty can kind of be perceived to be compared to our aid to where if you feel slower you I. I don't know what the health bar situation is in. Our compared are already. You can take like two or three hits before this is about that. Yeah this is like the same thing. Yeah okay I'm really excited for for already three. We're only a month out. We're so close. There are a lot of games are about to come out. Yes or he is coming out next week like we're a week away for a few weeks away from like a million games. Yeah so we're we're we're we're in an exciting place right now and I can't wait. I was thinking the other day like God. It's so slow these days. Nothing's coming out and then like a couple of weeks could be bang. Bang Bang well. That's why I started dying light and I bought me speed. He And I've been playing through blood or in all these games because it's kind of been a slow period and specifically about dying light because I was like man bloodborne stressful. Play something less stressful. Let me play dying light a Horrigan zombies that that get scarier in the night time and playing that just because I'm like kind of trying to gear up in and Kinda get that out before all these releases start hidden in all have to play those games And so it's it's about to be a fun time. Yeah I can't wait for it. One of the good things about dying light though is they added that story difficulty. Oh Yeah Yeah where you can let your like. I don't want to worry too much about this. I JUST WANNA have experienced the main campaign. The story I feel more games to do that even if I never avail myself of it. Yeah just like okay. I don't have time for this. I don't want to like Bang my head against the game right now and just WanNa play experience for right the second. Did you like dying. When he played it. I liked the original. I like what I saw to a lot more. Okay because like I think one the stuff that bothered me was at inlands protagonist at all and that once. You don't like to progress most of the game candidates on you
Latest coronavirus developments worldwide
"But we start yes again with the ever unfolding events of the corona virus outbreak cove in nineteen until this week it had seen the story was mostly focused in China where there have been nearly eighty thousand cases recorded including two thousand deaths outside China the total number of cases is just under three thousand but this week for the first time the number of new cases in the rest of the world exceeded the number of new cases in China events in South Korea Iran north in Italy and the cruise ship diamond princess so the authorities struggling to clamp down on the spreading infection this is something experts have been worried about for a long time including from the non profit organization and T. RK JB yes the who's in the studio now I'm enjoying else particularly struck by what's happened in Italy just this week the infection seems to spread really fast not syncing correctly the difficulty which you're interested in of preparedness for a pandemic like this so specifically about that the instance it highlights the challenges in in bio surveillance capacity so we are in some ways driving in the dark because we don't have a good way to detect new cases and detect mild cases are a symptomatic cases you with your organization collaborated I think it was last year or the year before with John Hopkins university you produce the kind of index of global health security precisely to try and work out which countries are prepared what kinds of preparations need for just this kind of a not a pandemic yes absolutely and the key take away from the index is that national health security is fundamentally weak around the world no country is fully prepared for epidemics and pandemics on the index the maximum perfect score that's possible is a hundred in the average global score per country is for about forty so the world is flunking in the in the fight against pandemics this is an index which tracks the president trump was waving around his press conference saying look America's the top saying that America is a place is ready for this so it is true that president trump held up a page from our index last night at the press conference in the White House about about corona virus in the response but I would also highlight that one of the key take aways from the indexes that none of the countries in the world including the United States are fully prepared and in fact if you take a look at the image itself the the colors are yellow orange and red which correspond to most prepared more prepared and least prepared but we very deliberately did not code any countries as green because we didn't feel that any country was really sufficiently prepared their important gaps in the United States in the U. K. those are the top two countries in terms of index rating you know we have a lot more work to do to it to close our gaps gaps in pandemic preparedness at home but now we're seeing these things happening in South Korea in in South Korea in Iran in Italy another country something forty so far affected I'm your beginning to see those systems being tested what what's what for you would be the sort of the key criteria to be ready for this kind of pandemic the big three are the capability to prevent to detect and to respond I would say we really want to have stronger by a surveillance capability in order to rapidly detect new cases I understand how the disease is spreading we want to have a really robust health systems that can treat people at scale and help isolate patients we want to have systems that can rapidly develop test and manufacture medical countermeasures including vaccines and antiviral and there many other examples that I could share so so in the case for example all detection I guess the the the the ones which are obvious first of all just looking for temperatures which has been done in China and nothing was done it at ports in in Italy a lot of people conflict through that net or the moment they're the sort of viral tests once you've reported to hospital and you have a genetic test to see if you got the virus that doesn't seem to me to cover all the demands health system would like I think you know that a broader point I would make is that we just don't have the bio surveillance capacity in any country around the around the world to really manage this kind of crisis including United states including the United Kingdom and elsewhere I mean I'll be expensive to build the full system it yeah I cost money and we need to make a significant investment to get from where we are to where we need to be in the future it's a systems it's a systems building activity where you had to have facilities and staff and and and processes in place you also need we need better point of care diagnostics so you can test people on the spot instead of having to send send samples away to a central reference laboratory where you have a multi day delay I mean I think what's interested me this week is that up until now I felt a bit like when embers spread from some kind of wildfire if you can get them put out the flames before it catches you'll find and that's where it's being up until now outside China is most of the cases have been contained pretty quickly but now we seem to be seeing those at events where the it's just difficult to keep up with the response and with seeing these cases likely Enron it's on when that springs now going to become very hard to contain yes so it's always preferable to it to contain outbreaks at the source when they're still small as they start to get larger and spread to a range of of geographic location that gets more and more challenging and the opportunity for the epidemic to grow and potentially become a pandemic is there we you know as this coronavirus crisis continues to spread globally we really need to think about our capacity to respond to a large scale event we don't really know how large this is going to get but we do know a couple of other things one we are unlikely to have a medical countermeasures including vaccines in the next year and possibly longer so in the meantime we really need to be find other ways to slow the spread of the disease and a huge piece of that is social difference distancing so that's really essential for slowing the chains of transmission from person to person another piece that we know we have reason to believe is that the health that the pandemic response systems that we have in place do not scale their bills built around assumption of relatively known low numbers as compared to the potential scale of this epidemic or future catastrophic biological events that we may face and we need to think about what the plan B. is going to be if hospital systems become overwhelmed in the U. K. in the U. S. or overseas we need to figure out how to provide distributed care that has a technology angle to facilitate that carrot also has a legal policy and ethical framework components do we need to figure out the the trigger points or criteria under which we will decide the it is not business as usual anymore we really need to transition to a different planet developing countries which have the fewest resources and the weakest health systems they are particularly vulnerable so if this spreads to resource poor countries then the whole world is at risk we're only as strong as our weakest link so we need to pay special attention to protecting again spread in those regions thanks very much Jamie for coming in that was previously from the nonprofit Antioch one of the impressive aspects of the global response to caveat nineteen is how quickly socks is reacting to the outbreak detailed analyses of all kinds coming out in just weeks or even days rather than the usual months or years
Washington, D.C.: Nanny Drugged Toddler To Force Nap Time
"On anti at Anna Rundle county facing charges of drugging a toddler in her care it appeared that it was some sort of Benadryl and histamine type of drug that was administered the mom watching the home video noticing the nanny giving her two year old pills and her two year old sleeping for hours Markle Manske with Enron to please those Shannon Emery is now facing reckless endangerment and child abuse charges and warrants for you know certainly careful reading of of the people that you hire to be within your home you know but you know you you take all the steps in the store could have somebody who has ill intent Manske says the two year old is okay and under a doctor's care
Iranian deputy health minister reveals he has coronavirus
"And Washington post reports health officials in the United States warned on Tuesday that the spread of the novel coronavirus in the country appears inevitable good marking a significant change in tone as global travel disruptions continued to worsen south Korean to thousand cases Enron reported at least fifteen deaths by the way the deputy health minister Iran has grown by resin was on TV talking about crime virus while wiping his forehead and suffering from growing virus that's always a good look for your health minister China and South Korea announced new cases of the corona virus raising concerns in both nations about how long it could take for normalized return South Korea has confirmed a hundred and forty four more cases bringing its total to nine hundred seventy seven the most outside China president moon Jai in it visited the city of Daegu where more than half of the country's confirmed cases have been found Tuesday afternoon local time travel disruptions continue to spread with the UAE one of the world's most critical aviation hubs saying it would suspend all travel to and from Iran where authorities confirmed the death toll has reached at least fifteen turns out the worst you run your country the worst these issues
Ashley Blaker: Goy Friendly
"Talk about some. I'm pretty heavy issues. Israel Iran Patriot of Jews. So our next guest is a pretty big leap for us. Ashley Blaker is Jewish standup comedian. He is the first Orthodox Fox Jewish comedian to be given his own BBC. Show Ashley Blaker. GOYA's guide to Judaism which returned to the air in October. Two Thousand Nineteen. Now he's in New York for his latest off off Broadway. Show Ashley Blaker Goi friendly which premieres at the Soho playhouse. On February third and runs through February twenty third. While his previous off-broadway production strictly unorthodox was tailored for Jewish audiences. This one he says is not just for the Jews. It tells the story of how Ashley's close friendship with Muslim. Comedian Imron on. UCS completely changed his life with antisemitic incidents on the rise around the globe and even here in New York actually hopes to make the audience laugh but also understand stand a little bit more about their Jewish neighbors Ashley. Welcome to our studio. Thank you for having me so I have to ask you right out of the gate. anti-semitism is not funny. So how how do you address that topic with humor. Well the reality is I think he's anything can be funny. So I'll let you come to Louis showing judge whether I make. It isn't about antisemitism. I should say that there is actually a section is a band. Semitism thought. I think the more interesting is the fact that that when antisemitism is on the rise there are two ways of dealing with. This is a way of kind of hunkering down. Just going. We're we're now gonNA stick to ourselves and and try and protect ourselves and put up the security barriers and let's have lots of armed guards on the on the door in social ones bags and all of that stuff all you can kind of outreach. As it were and try and engage with the outside world and that's what my shows about about the latter it's about reaching out to the outside world and in a way this makes wants a comedy show. You know hopefully nonstop funny. Sound sound incredibly dry but Hopefully demystify Judaism a little bit. That's certainly one of the aims. Okay well I would say you could do both right. Do the security see the undercover getting having no security either. All kind of you know very good at that accused but I actually my playbill. I wrote a Performance note and for Bates Him. But I said something about how you know very good dividing ourselves as a as an in one of the things into I enjoy doing you mentioned my show strictly and also those I I love bringing choose together because we figured it kind of separating ourselves in so many different ways you know on the whole joke about the Jewish man who lands on a desert island and he builds two synagogues one ones that he'll go to one that he wouldn't ever be seen dead and that's like what we're like but I do think that there is it is an important time to actually reach out a little bit and we can. I think sometimes certainly not in any way suggesting that we. We are in any way a foot four and symptom of course but I sometimes think that actually being too insular. Isn't that helpful. Listen so now you are from the UK so well the Labor Party. I have to ask you about the Labor Party. I'm afraid But it's often regarded as the political liberal party of choice by many Jews in Great Britain. And I'm curious how you dealt with the last election and whether or not you felt politically homeless as I kept had reading about the Jewish community. There didn't myself but I'm sure other people did and I think that yes certainly in the post for many Jews the Labor faulty will have. I've been there home by just as much as the Conservative Party would be for many Liberal Democrat. We have quite a different political system. Should know to to to the Americans as many but yes I mean. It was incredible. What happened over the last few years and how symtas I'm just rose and seem to not be dealt with toll within the Labor Party in? Yeah it was a terrible thing we still really really been dealt with properly gone away. Yeah I know there were. There were several vile things said many vile things said ed by Labour politicians but then also Jeremy Corbyn himself was talking about the lack of irony that many British Jews seem to have. I don't know if you recall that particular. Yes it was Avia. Yeah it was a video I think from a while ago. Actually but he had yes he had said something. And there's a lot of these kind of allusions I think is because they. They caught clever then. They don't outright. This isn't the foul right then marking the street saying killed the Jews. It's a very allusive. Quite clever thing of of Hinson these particular weight alluding that Jews and Israel inflating the to and to you know the whole talking about antisemitism and anti Zionism also that that things that really came along with the Labor Party and I saw something videos of people saying no no we. We're not intimately to we like the right to choose. I think there's that thing of the good news and the bad news and I think that's a really good. Jews has ones March against Israel and kind of write letters to the Guardian saying that we support Sanctioned bedia smell that kind of thing uh-huh and then the ninety five percent of the badges. I mean that's clearly terrible things so it's been a really dark period and I didn't know it'll be interesting to see in the the next four five years. How things change? Have you tried to address it with humor. There over showed. I just did a toll in opened in in May with my friend Imran you mentioned draymond so imminent. He did a tour together called profit sharing actually breaking news in profit sharing seek clever title. And it's not address head on there are other people addressing this head on and the the truth is the way to look on twitter five minutes especially around the time the election to see that kind of Echo Chamber people. Don't WanNa hear they. You know you you tweet. Something about Labor Jeremy Corbyn and immediately comes back. This prepared list of twenty times. Jeremy Corbyn has both a motion ocean in parliament. That's been helpful to community Blah Blah Blah say. No one listens to each other anymore. People just spout the same thing. So I'm not sure engaging in that kind of way addressing head on is that helpful she because people just don't want to listen right. I'm sure it's the same here with trump and I'm sure there are people who are vehemently say one one thing you don't want to listen to the side. Yes that is. That is a problem that area. So I think that's something we've seen a lot particular around brexit and all these issues as we've had in the UK and the F. But so my show anyway. Mike show look comedy show. That's the the the main PARV. So I'll tell you briefly I mean essence shows. It's about yeah. Tell us about the show but then I also want to hear more about Enron and your friendship so the show about my friend she was Enron said. So that's the kind of I think in film in terms they call that the macguffin. He's kind of you know that you heard that term. I'm not familiar with that. So it's like using the original star wars. I think C. Three Po an onto d two of the macguffin that they're the ones like sent off into onto the desert and enter tattooing. They've got the messages item. Thank you the whole plot revolves from. Then there's no actually about them but it starts from them so in a way money's the macguffin hit because is a true story we're good friends we went untold together. And he's very interested custody my life he didn't know much about Judaism me belly of June. We spent many hours together in the call. He was always drawing because he he's Muslim. Couldn't in claiming been drinking and he's always asked me questions and I kind of wanted to teach him about Judaism. But where do you start. We've got six hundred thirteen commandments. It's too long to the call I didn't want to spend money on guests so I thought well I teach him about the Ten Commandments. And we started looking at the Ten Commandments. And I unrealized. They're not that practical you know he doesn't have an ox next all so there's no need to worry about not coveting it and I so I could. Maybe set myself challenge of coming up with my own ten commandments. That I could be a bit more practical. But they could actually explain what it's like to be an Orthodox Jew in two thousand twenty and in a way. It was my friendship with him. That made me reconsider my Judaism. Because she had I've been living as an Orthodox Jew for the best part of twenty years but it's only when an outside comes along install challenging us at you start having to think about it you start thinking about your love. So that's what the shows about and it's about me going through these ten commandments. My New Ten Commandments. antiquing this to him okay. So do you mind sharing a few of the talk commanded if you're the one of them is thou shalt develop obsessive compulsive disorder okay. She's an integral Paulsville so shoot as But we cover branch of Judy. Check that box right exactly. So we cover a lot of these areas we cover kosher food and living in a Jewish area. We talk about the curse of praying public and this covers a lot of ground really comes a lot of ground in the show and then And then the story I keep finished. The story has a continuation because of how Im- reacted and then what we went off did something together which I don't want to spoil because that's the narrative But it's a pretty funny chairman. I it really is. I'm super proud of it. So you say I did. This show could street Lennox. It was aimed at a Jewish audience. All Jews knock. He's also dogs. Reform Perform Conservative unaffiliated. But Still Jews and I think it's a really. I really wanted to do something. Everyone could cutting joy That would be in a language WIGGs. Everyone can understand but the is serious does not scrimp on the jokes atone. It's the funniest show of ever done this by miles miles because I've already but still called the serious stuff when we do discuss antisemitism and there are some real takeaways well foam it excellent zone. The show's name. Is Ashley. Blaker friendly it's at the Soho playhouse here in New York City from February third to twenty-third. Thank you for joining us. Thank
People are talking about Vintner's Daughter Active Botanical Serum
"Today we're talking to our friend April Guard Gelo who also happens. The founders of Vintner's daughter the face oil serum that changed the beauty industry. Yes she had one product for five years and it was the obsession Russian of absolutely everyone still is. I mean like it's crazy like lady Gaga loved it originally and and we both have that ninety year old very glamorous cameras sprint who lives in La who uses it. Yeah it's there's several. It's kind of an incredible. She has incredible vision. It's a product that seems to work for vert just about everyone's skin and she just stuck with that vision and you know any investor beauty industry executive would tell you you need a line of products. You don't need one product and she just like. Did it. A different very handcrafted very very luxurious way. Yeah it's amazing and for the first first time she's going to talk about her second products check in product after five years. So that's cool. Yeah that's amazing. So did you love veterans right off the bat like what happened the first time you used it where you hooked well. It wasn't even the first time I used the first time I heard of it was from Alice Lane. Who's WHO's like famous artists and she was like you've got to try this oil and I just like when I heard the name Vintner's daughter? It sounds kind of like you know homemade and crunchy didn't sound very like what I would imagine. Yeah Alice Lane would-be telling me to use it. I mean when when a makeup artist tells you to use a skin care product like they don't they just don't recommend something unless it really makes a difference told you know 'cause they're like they're they've got and they're always trying to make their clients. Let's look better. That's how they become a great makeup artist so that was the thing that kind of blew me away was just like how passionate she was about it and then then the second I sort of like maybe a month later I heard from Jessica at Chen and she was Chen beauty in Brooklyn one of the greatest beauty stores of all time. She's the one of the smartest people and beauty and she was like. I mean vendors daughter and I was like okay. Wait a minute what and then I had to try it. I mean you try it and you're like wow this smells really good. Everybody must like it because it smells good. You know Enron and then you're like this is really working on my skin. I mean I've I've kind of used it ever since what. What about you did it? What did you have a bike? I was like being a contrarian about it because it was so hyped and I was like how can this thing be but I tried it. I remember I I tried it. I went to core power yoga and I took a shower there and then I you know I brought my skin care. And I tried vendors. They're going to work and Melissa Office. I walk in and she goes. What did you do your skin Isolde glowing? It was like not even like someone paid her from vendors to say God you know yeah and I'm hooked
The Best Protein For Children Who Refuse Meat
"It is true. What they say protein is important for children? It helps promote the normal growth of the muscles and tissues and you know just functions like breathing walking running these activities. Kids just cannot do without having strong strong and fast bodies that are supported by high quality protein so true and obviously need protein to make all of the necessary hormones and enzymes and putting all has a role in immunity so if your child is refusing meat then the first thing that's important to understand Dan is why is protein important and what is protein so protein is essentially made up of building blocks called Amino acids and you may have heard this word floating around. There's about twenty different amino acids your body can't make some amino acids but nine from that list all going to be essential and essential amino acids out those that you cannot make in the body. He it needs to come from Diet. So the ninety essential amino acids are his student is losing loosing Lycene. Mid Pioneer phenylalanine three owning trip to fan and failing not trip to fan is quite well known because of its link with producing the happy home on Serotonin and I do have a great blog. Post on that which talks all about how to get your kids to sleep. Betters are linked that in the show notes for you you as well so protein can be found in both animal and plant foods but the main difference is that the amine as composition composition does vary hugely. So if you've got a picky eater at her than it is a good idea to focus on the protein foods that can provide these essential essential amino acids. This is especially important for children who refused meat and any other animal products. So it's really down to the fact that animal proteins contain all of these nine essential amino acids wild plant foods. Dodi or very few you do and I'll make sure that I'll let you know which ones are the unique one so that you can start to focus on that. But let's I start to get an idea about protein requirements for children so you know around the age of one Benita fifteen grams of protein. A day wanted three euros. Fourteen and a half forty six year olds. Nineteen point seven to twenty grams a day. Now these aren't just guidelines obviously the actual amounts will vary depending on how much they weigh and the age. But I don't want you to worry about that you know the actual actual amount of protein. That children need usually children over. Eat Protein we all do but with some children who are very selective eaters just very small amounts eat very small amount. Sometimes we do need to have a little thing about the type of protein foods that they are having so apart from the usual eggs milk yogurt and cheese which are based on animal proteins the collection of plant proteins. That so you can put together actually make the best protein foods for children who refuse meat so these following foods are excellent. The protein foods Kids and that's because for children who aren't typically refusing to eat meat and if it's just red meat then it's on that you want onto focus on but if they are refusing all types of animal proteins like the meat chicken fish aches and song on then the trick is to include at least one or two of any of the protein rich foods that I'm about to share with you with every meal uh-huh and snack so the best protein for children will usually be based on things like Sawyer and grains like Amarante and Aquino so to- food eight among beans. They are brilliant because they are unique in that they contain all nine essential amino meena acids. These foods should really become the obvious choices for your little meet hater if you like. And he's a a good tip that you might like do stock up your fridge with forty five sawyer drinks you have been listening regularly to the show on you know that. I've got a COUPLA the podcast episodes on the best plant based milk drinks for your toddler and I usually recommend sawyer as the first choice because at the time of protein eighteen but also the amount of protein in those drinks. They really on the best alternative. If utilized doesn't like soy. Then there are some the options for us to do gone and tune into that episode. If you'd like to know a little bit more about cosmic protein alternatives but the best or the richest sources of high-quality plant based protein foods on anything based on soy said Tofu eat among among beans Keno. About Amran of example I came came across this lovely organic brand of whole rain base rice cakes eggs and that was a mix of rice but orser Enron which is a nice ancient grain and so it also means that. There's some decent fiber in the that particular brand of rice cakes. So what about some of the other plant protein foods for children lentils beans and chickpeas also really really great protein foods for kids now yes they are not going to be complete in that they don't contain or nine essential amino acids but remember. You're not eating single food or single amino acid. You are wanting to eat a wide range of foods because because each food is unique in that it brings something else to the table so lentils are great source of protein. It does you know it's rich in some types of the essential amino acids but not all however it's also a rate source of fiber and rich in plant type. Aww Iron said Nahim again. Another reason to include things like lentils beans and chickpeas which are also good sources of iron so put one hundred grams of provide decent decent amount of protein and they obviously also provide some iron which we know that picky eaters tend to be low ends. It's good you know it's an important mineral to think about if you've got you know quite a severe fussy Facet Ito or someone who has been quite selected for for a long period of
Introducing WeCrashed the story of the rise and fall of We Work
"Daily. Hey their business wars listeners. I'm David Brown every week on the show. We talk about the greatest rivalries in history manipulation and backstabbing or common as companies. Try to take each other down but what happens when a major company company collapses from the inside out the tech. Darling we work was the poster child for a new economy. We works founders wanted to revolutionize the way people work how they live how they sleep even how they raise their kids. It's charismatic founder. Adam Newman had an intoxicating vision for the company but it never we're matched up with reality from wondering the makers of business wars and dirty John Comes. We crashed a six part series about the rise and fall of we work work. It's a story of hope and Hubris. We crashed peels back. The layers on how Newman's culture personality shaped every square foot of we. You Work and how that same powerful personality destroyed it. You're about to hear a preview of the first episode of we crashed as you're listening. Be Sure to subscribe to. We crashed and other. Great wondering shows on Apple podcasts. Or wherever you're listening right now it was June twenty seventeen and the Barclay Center in Brooklyn was packed nearly every seat of the arena that was filled with thousands of group college graduates and their families. I'm looking at all the parents. I'm looking at balloons. I'm seeing horns people smiling. I think I had a smile on my face. Probably the whole time. While I'm at Francis was graduating second in his class which meant he had one of the best seats in the House that was on stage and it was just like wow. I'll be seated the next to you. Know some distinguished people the year before Senator Chuck Schumer had been the commencement speaker this year though was different because this year the the person giving the speech was also graduated. Just like Quan. Well Cumberland College. Class of twenty seventy soon as he walks onstage tall guy. Long hair slicked back. Look he's pulled out the roll out of his trunk and it's like all right. I gotTa dawn this little thing for this ceremony. But I think it'd be headed his way he'd be a t shirt written some fans. Adam Newman all six feet. Five inches of him had taken fifteen years from his first class to finally get his college degree here he was. We looked at it to see a black mortar boards and clasped his hands together in what looked like a gesture of prayer. It's my honor and privilege to graduate with all of you today with his billowing robe flowing black hair and arms outstretched Adam look more like a preacher than what he actually was the. CEO of a multi cheap billion dollars startup called we were an atom was here to spread the spirit of we who is definitely not a traditional commencement speech. The next revolution is going to be the we river loose and the we revolution it's going to be led by generation and the we generation does not discriminate between age race gender or religion Derek. Throwing their hands up their fist pump in people are standing up and train them on. You could think of somebody being the life of the party. You could think of him so as Kwame and the other students listened. Adam told them his story how he had. I moved to New York from Israel to get a degree college. I spent my first two years in Baru studying a little bit and partying locked but then a close friend. His came from Israel to visit. It looked at me and said is this while you left Israel. Is this why you left your family and your loved ones everyone who care about to go party in New York City. I was inspired by his words and his harsh criticism. I woke up the next morning and said it's time to start my first business adventure. Eventually Adam left Beirut behind his business career took off but he was here today he said because even after he'd become a billionaire all his grandma ever ever wanted was for him to finish college South Dynasty who paid for my full tuition. She really did want to graduate. She really did and she kept asking me every year. When you graduating when are you graduating and I said this you know we've done? I have a family we built us. We're doing well no. When are you graduating? I need to Oh hanging above my bed. It was a good story and Adam was a great storyteller. He commanded a presence on like any other. He definitely took everybody's attention so it was just very different a different kind of message. We are weak and if we worked together we cannot not be stopped we work the business Adam found it was more than just a company to him. Yes he wanted to become the world's first trillionaire there but he also truly believe that his company would fundamentally change not just how people work how they live how they raise children how they communicate with one. Another Adam believed he was on the brink of making history in a way you know he was because Adam Newman was about to preside over the largest largest fastest wipe out of shareholder value by a single company since Enron looking back. Maybe the most telling moment of the Ho- commencement speech was when when he shared a story about his first date with his wife. Rebecca went on the first date with me and within five minutes. Now I say five minutes to be nice but it surely it
The Insider's Amalfi
"When you dream of a change of scenery I'll bet it looks a lot like the Mafia coast of Italy. It's famous for the scent of lemon trees and breathtaking ocean views from a white-knuckle highway high above the jagged slopes of the soren team peninsula end long grew up in small town Illinois fell in love with an Italian from Sorrento and she's made that area her home since she joins us an insider's view for exploring the Amalfi area and nearby without being at the mercy of an endless crowd. Fellow sightseers and welcome. Thank you very much. I'm glad to be here rick. Now and you live in the Mafia coast. Yes have you noticed How does it deal with congestion? I mean everybody's wild about the mafia cost. Everyone wants to see it. It's one of the main things that when you coming down to my area. POMPEII and the Alfie Coaster. Too Big stops while you know when I think about it of all the places I could stay with a tour group Sorrento. You could spend a lot of nights there I think because from that home base you can see Capri you can see leave. You can see POMPEII and of course you can make that excursion done the Amalfi coast tight. Everybody wants to go to the famous places on the Amalfi the town of a Mafia Pussy Tano Rebelo but there must be another dimension because even parking your car is like impossible in a multi. It's become impossible. It really has become impossible on those seems to be the cities that are more advertised to the American market. That they're familiar with the name. But there's so many places between those cities and passed. I following the same drive and you're even extending it even as far as Salerno so there is that drive. It's the coastal highway one. Oh One kinda that's exactly right. It is a narrow road with a lot of buses. I remember they had a situation. What was the deal? One day everybody will go north and the other day everybody go south or what is that. They they tried with smaller buses. This is that now. You can't go with anything longer than a certain things so that they could pass correctly then the guy to the alternative license plates then they got to the permits that you'd you'd have to apply for a permit and now it's one way can go down but they have to come back a different way. They can't come back the same way. Oh I didn't know that okay so it is north to south and then you can go back inland top and come back on the tollway from Salerno. Okay this is travel with Rick Steves. We're talking with Enron. We're talking about out for adopted neighborhood. The mafi coast. Why is there so much intrigue about the Amalfi Coast? What is it about it that brings all the people are so they're they're very very well advertised for fashion for food for the Liebmann cello for pottery and just the spectacular very high end restaurants and hotels when he puts a ton of it was like made for jeters just a gorgeous tiny little Kabul town? But it's got all these design shops and the yachts on the ads that that are outside of Posey. Tommy you gotta get to know somebody down at the port so that you know who's in town. Oh my goodness so as just part of the rabble who does never yacht you can be stuck stuck outside the town wondering why can't get it in. So where where would you go. That's not one of the famous places so of course it. You certainly want to see the whole Amalfi coast but once you get to Amalfi Oh fi you can whether you you're driving you continue on or if you take the public bus you just swap and you can go further on me. Noti and my Odi are called minor in major ager. Those are beach communities that are very well known with Italians but not so much with the foreigners and my experience in Minori is that there are a lot of big simple simple hotels that have affordable room very likely to have his body. Yeah a little bit cheaper. Prices minority am I am or I and then the sister city Meharry Meharry M. A. I. O. R. is that literally major and minor yes named after the branches of a river and then from there. You've got access to a Nice beach very nice beach sir. My odious major is the largest beach flat beach much better than Posey. Tanno much better than a mouth. Isn't that ironic. Cheaper people go go to the beach and they go to Positano and they don't get nice pay three times. The amount and I would think minorities just half an hour away from some of these other. Famous prices exactly act on a public bus. A public bus and the bus would come by every Roman history. There are women remains in that town of minority as well. So it's not just that you go there for a beach you can have a walk around and have a look at the history now. There's a very popular walk that goes from up in the hills in Rabelo down to Amalfi the town It's it's just dramatic. Walk talk a little bit about the hikes possible in the mall. Fico straight we have a again they sell hiking maps that take you all either horizontally right across the mountain or up and down and of course our most famous one is the pathway of the gods that starts up above mouthy heads in finishes above Posey channel. So you've got the sea in front of you the whole time while you're walking for the kind of Hecker that likes to have gravity be on your side. You can take a bus or taxi up to the tonight you start at the top and then working down and then work your way
Ben Lerner: The Topeka School
"I Michael Silver Blunt this bookworm and I'm pleased to have is my guest today. Ben Lerner whose most recent novel is the Topeka School. He's also a poet and SAS His first book leaving the coaches station was recommended to me by John. Ashbery and I read it immediately. radiantly and I've read everything. Since the second novel was called Teno four and now the Topeka school there was an an essay that preceded the spoke about debating and it revealed to me that perhaps the first two books leaving the Atocha station and ten. Oh four our IMA debate at any rate some kind of conversation conversation with one another and that now the debate has moved into one volume can talk to me about the yeah. That's really that's an interesting way to look at it. I mean leaving the station kind of narrator the young narrator is incredibly distrustful of language and basically tells all kinds of lies some comics some Tragic comic in order to try to present himself to others. But certainly languages technology of obfuscation and That's that's certainly one of the things you can learn and debate is kind of weaponized eloquence. That's designed to conceal an antenna four. You're right that the movement is towards the kind of seeking out possibilities of authentic language even with a commercialized and militarized vocabulary or whatnot. And now the Topeka schools rules kind of the Prequel to those different type to both strains of language and Adam Gordon in the second book the search for sincerity or authenticity seemed to point toward a humanism that the book didn't may be entirely believe Huger and so the book is marked by acts of generosity Enron city and kindness. Adam Gordon is he the hero of both previous books. Yeah it's funny. I mean there's a little bit of a slippage between the first and second in that the narrator of the second novel is to a certain degree the narrator of the first novel so it's like the fictional avatar Dr and leaving the station. Then you get the author of the Fictional Avatar. Who still not quite me? And the second and the third you Kinda Really Adam Gordon. But it's basically continuous tenuous. Is it in some way trilogy. I think very much as a trilogy. That's the way I thought that. Yes and but also pardon me a hit galleon trilogy ending in a kind of synthesis with in the Topeka School I've thought an act of sensitivity and generosity that saves the writer from any accusations. You might still have that. He's the guy who went to Spain to write a poem about in Spanish poetry Wong liking none of it at all so that kind of arrogance seems to be drained from the Topeka school. Yeah I mean I think the I think of it as a trilogy in which the third turn the Topeka. School is kind of the unconscious of the the other two books. So that there's a way in which you know Adam Adam Gordon in the first novel like when he tells this lie about his mom beam in dead in order to get the sympathy of an attractive stranger also in order to kind of test out the thing. He's most afraid of that. That has a prehistory by virtue of reading reading the Topeka's score that makes that a more nuanced and complicated event Ben Lerner. My guest is the author of three novels which which as they appeared looked this continuous leaving. The station is the first the second is ten. Oh four which is a significant time. In what is the name of that movie was in back to the future. That's tr- it's the moment. Lightning hits the Clock Tower which which sends ends the delorean back to the future and time the past and the future and it's merging are are important here in Topeka school. The threat to consciousness is not growing up that there's a kind of sometimes called boy. Man sometimes called lost boy. He's given italicized is space in the novel. He's what any of US might be. If we fail to be able to encompass us are fuller human nature. Yes was this a fear. Yeah well in the in the Topeka school. There's this guy dare ran right who's often referred to as the man child and in a way. He's the total opposite of Adam Gordon because he doesn't have any of the resources sources he's in a way. The novel doesn't specify developmentally delayed. He doesn't have the privileges Adam has he certainly doesn't have the language but on the other hand he's really linked don't and it kind of symmetry without him Gordon in part because this guy dare ends psychologist is Adams Dad. So there's a kind of weird fraternity. They are Adam. Can't know this of course wouldn't have been information. His father would have shared but also because they're both totally dominated by the desire to pass as quote unquote real men and and they're locked in a kind of adolescent masculine terror about About whether or not they're going to be found out to be one in that regard hard and there's a way in which that kind of anxiety about being a man child or not growing up or not being able to inhabit your life and language without irony is continuous across the books. Although Darren's body will age his mind stays the age it was when he he was so to speak arrested. And even he is becomes aware of this deficiency. It's right he's the most teased he used and ridicule of more children. And then the other horrible thing happens. People decide to befriend him and he can't tell so when they're being friendly when they're being manipulative and when they're laughing behind his back that's right and Adam He's our hero but he's not a lost boy but he graduates to become a nerd. Yeah Well Adam is involved in this torturous ensemble of practices to try to pass as a real man that involves trying to somehow. Oh it once to to kind of his debate stardom back kind of linguistic combat At once in some kind of keeping with the household values of talk in in an election that come from his psychologist parents but on the other hand it's supposed to be a kind of weaponized speech that can enable him to be tough enough and the masculine culture that that's around him. I make one other Darren and Adam that links them. That's maybe interesting in this regard. Is You know. They're both also in their way kind of poets wits. They're they're they're tellers of tall tales. Who believe in the magical incantatory power of language which is something all children believe in like in a way? If if I just say one place this novel came out of. Its from that that thing. When you're a kid I don't know if you had this when you were a kid? Which is win if you go to like a teacher? Because you've been teased seized mercilessly on the playground. And you say so. and So said this about me. They they would arm you with the spell the sticks and stones may break my bones but words will never hurt me. I was always fascinated me. Turn it of which also appears here. I'm rubber you're Google and whatever you say bounces off me and sticks back on you. That's right and those two in a way. Those are the two urban poems in this book because one of the things. That's fascinating about those sayings Is that their very existence. disproves them right. I mean if sticks and stones for the only thing you had to fear. You wouldn't need a week. Spell the cast back against the insults in both Adam and Darren are people who believe in spells. And that's a kind of you know that's that's another kind of childish belief. Leave the capacity of language but as Adam ages he also believes that you know speech acts have material effects like he carries that that into an adulthood and part he can set out with that belief because he s these other avenues of language and writing.
Iran fires ballistic missiles at two bases housing U.S. troops in Iraq
"Much around struck back at the US early today for killing a top revolutionary guard commander firing a series of ballistic missiles at two military bases in Iraq that house American troops in a major escalation between the two long time foes on fox news Sunday Republican senator Lindsey Graham at a message for Iranian leaders let me say tonight if you're watching television Enron I just got off the phone to the president your fate is in your own hands in terms of the regime's economic viability if you continue this strap crap you gonna wake up one day out of the old
Gone From Home: The Disappearance of Susan Mcfarland
"So huck and and Mary. Elizabeth Smith had three children. There were fifteen thirteen and eleven and then their youngest daughter Susan was born. She was born on New Year's Steve in nineteen fifty eight now because she was born when her mom was forty and a data's forty eight. And there's like eleven years between the third and the fourth worth child. Susan was often tease. She was an accident now. Her response was I was a bonus huck was an FBI agent. And he had received a letter of congratulations for the birth of his daughter. Susan that was signed by the FBI Director J Edgar Hoover as an adult. Susan kept him framed glitter on a wall in her home yes. She grew up in Missouri where her older sister. Anne was responsible for baby sitting her quite a bit but as you got older her and decided it was fun to hang out with her baby sister. She was an easy going child and very affectionate with their family so an sometimes took sue along with her or even under dates. And it wasn't a problem you know at least not for. I don't know maybe the guys didn't like it but her thinking maybe one time time okay. Circumstance are less date well. After an moved away for college she frequently had sue. Come visit her on the weekends. The other students at our school loved sue. She was like everyone's little sister. susie big brother Harley had a daughter named Kristen when Assu was just five years old and when Kristen stayed with her grandparents they paid sued to keep her busy but as they got older the age difference really diminished and soon became good friends with her niece. Kristen Sumit her best friend when she was thirteen years old sandy row. Sandy and sewer inseparable spending spending time hanging out at a local bakery and attending high school classes together. Su worked as a lifeguard at a hotel. Swimming Pool in the Summers and Sandy would sit by the pool with earn play cards when the pool was busy so sue was just an upbeat energetic type of person she was always busy doing something finer bonner. Planning something fun. One thing the girls left to do was to shop. They could shop for hours and not even spend much money they also like go to the movies. Sue Play tennis but Sandy never got good at sport. Even though she tried sue was a really busy kit. She ice skated. She was a hockey cheerleader. And she also served on the student council the PEP club and the French club. She was also a really big reader sometimes sometimes reading one or two novels a week even during the school year but suicide human half draw and certainly far from perfect especially as a teen. She could be rebellious. She sometimes with skipped class or went home for lunch and just didn't bother returning to school after lunch but she got away with a lot. She was talented at making elaborate excuses. That are teachers and parents usually believed so sue and sandy graduated high school together in nineteen eighteen. Seventy seven sue then went to a private girls' college in Fulton Missouri. Sandy stayed in Saint Louis and went to Washington University so they are less. Listen two hours apart. So they're able to visit each other pretty often. Yeah but when sue announce she was majoring in accounting. Her friends were pretty surprised. She seemed to fund fund to be a serious number crunching office person but sue really enjoyed accounting. She was fun and adventurous but she also was very disciplined organized also. She really admired her dad. who had an accounting degree? So after graduating in the top of her class suit took a position with Santa the energy in Amarillo Texas while she was working there she got her. CPA and the next summer. She traveled to Saint Louis to be Sandy's maid definer Sandy's marriage would last only four years but soon would always be there to listen to her and give her advice then ensued took a second job after working for a while with Santa Fe energy. She moved to Midland Texas and had a position with N run run. Yes the notorious company but at the time it was well respected. It was a good company. This is before they had their slippery slide. Yes now after six months of working with Enron. She is transferred to their headquarters in Houston and in Houston. Sue spent a lot of time with her former sister-in-law. Debbie Debbie had had been married and divorced. Sue's older brother Pete. Souza would go to her nephew soccer games and she had shopped the Debbie on the weekends she left to shop for clothing and and she dressed nicely so she set up an exchange with your friends and Murillo so that they ought quadruple their wardrobes by sharing so in nineteen eighty seven. Sue took took a position with southwestern Bell Corporation in Saint Louis her position and the people she worked among their lead her into a more glamorous life if she started attending charity Events Dinner Parties and Gallery openings and she was happy to be back living near her friend Sandy. They began spending more and more time together having lunch taking aerobics classes which was a big thing at the time she was also reunited with her niece Kristin during this time they were only a few years apart and became good friends so they went out on the weekend nights and sue was happy to pay kristen's way because Sumeida good it. Salary and Kristen was still struggling but a suge close to thirty. She began to worry about finding a partner and having a family. She told a French French. She wanted to have kits and she'd like to stay home and raise them while loving husband would work to support them and they live in a nice suburban house and and then she met Rick Mcfarland and he seemed to fit the bill of the Kinda guy she wanted at least to begin with. Yeah so rick was the second son of Dick and and Mona McFarland of Kirkwood Missouri. When he is a young kid the family moved to Saint? Louis he grew up in webster groves with his two brothers. David David and done in high school. He is a big water polo player and he worked on the staff of the school newspaper. He went to southwest South West Missouri State University in Springfield after high school but had difficulty concentrating so while he was here his diagnosed with attention deficit disorder and put on medication. And with the mets he was able to maintain a B average so he graduated with a Bachelor's degree in Business Administration nation and got a job with stockbrokerage company. Shearson Lehman. I did pretty well. There drove a beamer. Had a carriage Charles lived in an upscale port town right so from just hearing that you'd say Oh this is a pretty great guy. Why would you because he's got a BMW BMW? Well it seems like a good prospect. He's got a job right. He's having heard anything. Says he's a jerk right. That's what I'm saying but you know like everybody else. He did have issues but he was pretty good at hiding them for most people. He did get in trouble one time in college for stealing but the charges were dismissed. One of his former dates said that rick made her very uncomfortable after they had two dates his because she told him she didn't want to see him anymore but he persisted calling her to the point where she was afraid of him and then she caught him hiding in the bushes outside of her house stalking getting her concern. Yes but of course. Sued doesn't know about any of this right and sue and Rick had actually attended the same high school all but they didn't really meet each other until they bumped into each other at a party in Saint Louis. Rick was much quieter than Su so they seemed like kind of unlikely unlikely couple when they began dating but to sue she felt like she hit it off with him again. Not not to demean sue. But we've already talked about how she's hitting thirty and she's thinking like time is running out so maybe she settled for something not quite the top of her list list. Yeah that's what a lot of people close to her. Actually thought bird. No he review would do in a pinch enough. I'd go that far but I guess she didn't seem like she was head over heels like he was you know her prince charming but thought he would do you would do when he seemed like a nice stable guy but he wasn't nearly as clever or witty. Assu you know sue was really fun but you know. Rick seemed like he could be a good match for her. She could be the outgoing one and he could keep her grounded but still sandy and kristen thought that sue probably was settling a bit with Rick just because she wanted to start a family and she was getting being older
"enron" Discussed on Citation Needed
"Mr Fastow. Thanks so much committing with us. Oh no problem at all from yeah so just a couple of questions. I'm looking at your balance sheet here and you have a business partner called. Shell Company company a yeah yeah they make seashells seashells the naturally occurring Ocean Yup Trash Yup Yup Yup. Yes okay so where does Shell Company. I get it's money oh they got some release sweet deals going with. Shell company Buzney be cool well where does show company begats money yeah thought she does sweet deals which Shell Company see cool right right and where we don't have time for this. Here's five hundred million dollars for your DVD slingshot project. Just don't fuck it up okay. We won't and we fucked it up. Sorry what I said. Have you heard of this new company called. Shell Company D D. I thought you were going to say.
"enron" Discussed on Citation Needed
"And so I said I didn't punch your baby. I tried to punch you and you use the baby as a human shield. You are the bad guy a here. How and how do you respond to that. Oh the usual get out of my maternity ward bullshit believable. I'm telling you you're going to regretted. Oh hush baby seriously you don't hey what you doing. Oh Gosh on C. is is that that smell oil gentlemen wish it was this is industrial machine lube finest quality commercially available billable either get a nice sense. Why why I told you they were going to say exactly why they would say why ause of today's episode see so it's about Enron is great essay with twists and turns but I feel like the only way that our listeners are going to get it really get it is is if we give them the experience of Enron so you're gonNA fuck each and every one of our listeners among them so they're gonNA listen to this episode afterwards and be like man. I get it 'cause like this is hard. Eli fucked me you know and as someone who's been on a fuck tour I'm telling you you don't know what you're in for. I told you that could be liquid now. Show their song. They were song. It made a bunch of promises and now I've been trying to deal with that L. E. Sorry Dr Opinion that you cannot fuck all our listeners so they'll get heath's chiefs episode about anger. Do I think I actually can fuck thank you you know counterpoint and it's just like six people yeah. Whatever okay on second thought why the hell is your weirdly greased up body too so you can do whatever you out nice.
"enron" Discussed on American Scandal
"It's January fourteenth two thousand four and Andy Fastow sits opposite. US District Judge Kenneth Hoyt in room twenty twenty five of Houston's federal district courthouse fast runs his hands through his hair. It's much grayer now than it was three years ago he turns and spots a woman sitting quietly. Her face aces difficult to read faster knows that her name is Leslie Caldwell and she runs the Enron Task Force. They've outsmarted his lawyers and went for the low blow by going after his wife wonders if they're proud of themselves the judge speaks I understand you'll be entering a plea guilty this afternoon. Yester- honor Fastow I sta replies Basser didn't give much choice. He and his wife Leah had made a little money from an Enron transaction with nonexistent investors back in ninety any seven fast. I needed some outside investors to make tricky S. p. e. appear totally legal but he didn't know where to turn until he came up with an ingenious solution he'd put up the money and just make it look like it came from outside. Investors Leah who worked at Enron at the time helped with recordkeeping and the two made money off the deal bill later they filed jointly and naturally neglected to declare the income of course when the Enron task force found out they threaten the couple with criminal all tax charges what happened next was predictable. He was the one they really wanted so they said plead guilty right now and we'll drop the charges against your wife fast. I figured they didn't have enough to convict him so he told them to go to hell but after Leah was indicted and it became clear the government would likely win Fastow realized he had to change his tune his two young sons might grow up with both their parents behind bars Fastow couldn't allow that prosecutors returned with a new offer cooperate and will surely does no more than a year this time fast out took the deal. The judge Hammers and fast out pretends is to listen this is all one big stupid show and Fastow says Yes your honor at the appropriate moments then hoyt says the court finds you guilty and brings down the gavel apple. It's over fast out has just agreed to cooperate with the government's investigation of Enron surrendering nearly twenty four million dollars in assets it's and served ten years in jail but he doesn't feel sad. Something inside won't let him feel the impact of this yet. He's grateful for that. It's clear to him. America needed a convenient scapegoat and decided he'd fit the bill fast Alex down at the Paper Cup of water in front of him fix it up takes a SIP. Try to ignore the fact that his hands shaking Jeff Skilling's wrists ache from the handcuffs but he's not about to ask the federal agents to loosen or remove them Skilling made a decision when he woke up this morning no display of weakness no matter what he smiles cheerfully nothing in particular as the Fed's lead him through the back door of the courthouse on the way to room seven four he passes Ben glisten Enron's former treasurer listen has traded his suit and tie for an orange jumpsuit. The feds nabbed him to Skilling thanks but I can't remember what for he calls out a ban how you've been doing listen gives a tentative tight-lip smile. Guess I've been better Skilling wishes him well well then. He's ushered into the meeting room to hear the charges. His lawyers are already there. The judge Recite Skilling's rights then the prosecutor runs down the charges. Just Skilling is accused of manipulating earnings disguising losses and lying to investors. The maximum sentence for these charges is three hundred twenty five years. The judge asks for Skilling's plea without hesitation Skilling response. I plead not guilty to all counts. Ken Lay can't believe the media turn out on this warned July Day just to see him get indicted. He reached the reporters in their camera people morning everyone good morning little later. Perhaps feel excuse me place. He's determined remain. A gentleman in spite of this persecution being forced to do this perp walk up the courthouse steps in Houston is slightly embarrassing but he knows he'll put it behind him in time he also knows that any day now the federal officers will realize is that they are wrong about him and let him go they simply don't see the error of their ways and he forgives them. A special agent gently leads him toward the billing by the elbow although as his lawyer catches up alongside her I can pretty straightforward today. You'll go before the judge. Judge will say that you're accused of deceiving Arthur Andersen line to the banks making misleading statements well certainly entitled to their opinion but not of that's true obviously course it's not I believe you and the jury will too but until then we you just gotTa deal with these formalities now when the judge asked you for your plea you just say not guilty you say it with your head held high at work for you. Yes sure does US oh yeah. I'm sorry I can't but they need you to wait in this holding cell until call by the judge. You're only going to be in here about an hour so unreal sorry about this. I'll be fine. Don't worry about me lay Andrews. The sow than sits down on the bench are two prisoners sitting on the other end. He greets them. Hello Oh hey you're that guy. The Guy I saw you on TV got any investment advice is for me. Lay raises an eyebrow then responds with the Politis of smiles.
"enron" Discussed on American Scandal
"Scandal is sponsored by I best fiends nature is vicious step outside pure into the blades of grass and right there beneath your feet a world teaming with struggle and strife bugs dugs in a constant battle with each other for supremacy and the crumbs of your sandwich but its imbalance. That's not the case though for the bugs living in the fanciful land of Manusha Russia were after a mysterious meteor smashed into mount boom a strange force transformed the slugs who lived there into an army a greedy pests. What am I talking about? It's the story from best fiends a fun casual puzzle based game that put you on the side of the Nice bugs fighting the scourge of the slugs. It's easy to play and very very easy to get drawn in. I'm on level thirty eight and it's not just a way to kill time. The puzzles are challenging requiring you to collect characters using them. Strategically and updates dates provide new levels and events every month. If you need a new distraction or infatuation find out why best fiends have one hundred million downloads globally engage brain with fun puzzles and collect tons of cute characters best fiends is a five star rated mobile puzzle game available to download free on the apple APP store or Google play. That's that's friends without the best fiends Andy Fastow drums his fingers on the wooden conference room table. He's in a law office in Houston surrounded by attorneys looks at each one sizing them up trying trying to suss out who can be trusted and who can't three of the lawyers are on his actual defense team the roster from Wilmer Cutler and pickering the firm higher by Ken lay to to get to the bottom of Enron's many special purpose entities fast our Shirley sees this as a sensible way to help clear his own good name but fast obvious do things differently in his opinion. This committee is just a way for lay to throw fast out under the bus again but he's not about to give them the satisfaction still will his lawyer told him it would be best for him to cooperate at the stage so that's what he's doing today. Cooperating the committee will ask questions and fast our answer to the the best of his ability soon the inquisition begins but before Chuck David Al With Wilmer Cutler and pickering finishes even his first question Fastow cuts got some off. Is this interview privileged. Even though I'm a former employee David confirms that Enron considers the interview privileged what fast says in this room cannot cannot be disclosed to the outside world without Fastow's Permission Fastow then gestures for David to resume. I David our asks for an explanation of Chuka. How fast out suppresses a smile? He came up with that named after Chewbacca Han Solo's copilot but of course he's not about to say that out loud instead he says I'm not really familiar with the details. Next question is about the leader's chew cow but luckily his lawyer David Gergen jumps in and he's not going to answer any questions about about who came up with the idea of making an Enron officer the manager of Chewco he says fast out keeps his expression neutral but he's overjoyed girders worth every cent David Allen Nextel's into chose transactions with Enron Enron had sold the company but bought it back in two thousand one was fast our involved in the repurchasing discussions Russians no of course not fast replies for him to get involved in the discussions personally would have been inappropriate. That's when David out calmly opens a Manila folder wind flat on the table and pulls out a three page handwritten document Fastow Forces himself to maintain I contact as panic begins to rise fast last hour asked if he recognizes the document you should. It's a note from Enron Finance Executive Michael Kopper. It's addressed to Andy. That's all about Enron's its repurchase of Toco. Davis is narrow accusation fast. Alex Girder Gerner says I need a moment to confer with my client you out in the hallway in an urgent whisper Gerner shares the next play. It's pretty simple fast house not going to answer any more questions. The interview is over Burger will go back in and make a statement on fast behalf. What's the statement fast our asks girder positive for a moment to think and says Andy did not op prepare the accounting documents regarding the transactions and he was not responsible for Enron's Accounting Fastow Nods at works for him? An Enron headquarters Ken lay quietly eases himself in the plush off his chair at the head of the table he watches his lawyers and accountants continued to file into the conference room. Apparently what is about to happen is a very big deal. He doesn't understand why though this is just as Wilmer Cutler Investigative Committee interview view he wonders what they expect him to say that he hasn't said already. You simply can't grasp why his explanations aren't good enough for the world. Enron was a great company and while while he was in charge it had a great. CEO He did his best to fight for the company right up until the end now people are saying he was crazy for thinking Enron could be saved but in in his opinion the world that's gone crazy even bill powers. The head of the committee is there as far as Leno's powers hasn't personally participated in any of the interviews interviews until now the powers is now asking that the conference room door closed next. He says it's very important that they all get their facts. Straight lawsuits are flying fine. It's only a matter of time before lay is asked to appear in court. It's time to know what lay did and did not know about Enron in the lead up to the bankruptcy they offers an agreeable smile and not before asking powers to begin. I powers asks about the raptors power sees. It is quite clear now that Andy Fastow's Fastow's rafters were off book entities constructed with the Express purpose of hiding about a billion dollars in losses. Can I have one thing to ask our says. Did you think the raptors were real. Economic Hedges Lace Quints a strange question. He asks powers to repeat it the raptors captors. Did you believe they were real. Economic hedges that protected Enron against loss in other words delay really think they were a standard and perfectly legal way to help Enron instead of just a means to conceal loss stuff Fastow's pockets. I just shakes his head. He really doesn't understand Dan. What kind of person they think he is well? Of course I thought they were real hedges. He replies he understood the rappers to be a head for L. J. M. IF L. J. M. lost money the raptors would be there to soften the blow lay takes notice several of the lawyer shift uncomfortably. They don't believe him very well. Thanks I'll explain it to to them. Then he begins with a history lesson in the beginning Enron was just your simple run of the mill pipeline company but then the wholesale energy market really we started to grow naturally Ron expanded it did business in India and Brazil and by Nineteen ninety-eight tried to get into the water business. The point is his lay continues we had trouble financing are rapid growth so to persuade banks that the company was solid. We move money losing operations off the balance sheet we did so we could continue focusing on rapid growth. The lawyers begin asking questions from all sides. Did you know about the prophets fast I was making from. Ljm shakes his head. I never asked Andy about his compensation. He'd already told me that he would actually prefer not to be involved with. Ljm who has simply doing to help Enron. The committee returns to the rafters once again flustered lay throws up his hands. It's possible he didn't fully understand the logic of the rappers. He says he thought he did but maybe he didn't. After all he's asked how he could possibly have failed to notice that at one point the Raptors owed Enron one hundred seventy five million dollars that couldn't be paid paid and which wasn't reported the Committee Asks Les how Enron Report Raptors were generating five hundred million in profit. Even though the value of the investment was plummeting plummeting. How could he not know that meeting has taken a mean turn lay feels like he's being bludgeoned with questions he thought Wilmer Cutler was here to help help he was told to bring them in so they would conduct an investigation that we clear everything up and vindicate Enron once and for all he thought they were here to aid him in the PR worn more but they're being so hard on him takes every ounce of resolve he has not to simply put his head in his hands and begged him to stop feel confused can't think straight you all these years? He was certain he was a good leader and a good man for the first time he truly grasps that many people don't share that opinion of Ken Lay power says that he'll end the interview now but before he does he has one last question can do still think the raptors were real. Economic Hedges lay looks down before flying now of course it's evening and Ken lay as sitting at home in this study lost in thought his phone rings he picks it up and here's the voice of Tom Roberts one of his lawyers Robert says that in order for the bankruptcy to proceed seed lay must formally resign once and for all the creditors se les is too big of a liability needs to relinquish the title of Chairman and CEO by the end the week lay processes the information suddenly feel very old tired okay. He says guess we need to hold a board meeting meaning right make it official yes and needs to be scheduled Roberson. My size is next words. Come out quietly. Tom We pray with me trade for the company for all of us. There's a long pause at the other end of the line. Finally Robert says all right they then closes his eyes and remained silent for several moments and he opened his eyes again. Thank you Tom.
"enron" Discussed on American Scandal
"December six two thousand one four days since the largest bankruptcy filing in American History Jeff Skilling is in New York City. He sits shirtless in dark room with wires attached to his fingers a too wrapped around his head another wrapped around his chest. His mouth is dry his heart races. He closes his eyes desperate to remain calm. You ready to begin Mr Skilling. Yes Skilling killing stares at the man sitting across from him. His name is Paul minor formerly chief polygraph examiner with the Federal Bureau of Investigation Start with an easy easy. One is your name Jeffrey Skilling. Yes minor casually marks the scrolling polygraph chart with his pen. His face is completely expressionless nationalists as he asked the next question. Are you concerned that you might fail this test. Skilling swallows hard yes minor sits in silence after to what feels like a full minute he resumes Mr Skilling while President of Enron. Were you aware of any improper financial arrangements concealed from the board of directors no while President of Enron. Did you ever take money for yourself without the board's approval no as president of Enron did you ever intentionally. He deceived the board or the company's investors with the use of misleading accounting documents. No minor concentrates as he marks up the test results Skilling looks down in his hands and tries not to make too big a show of wiping the sweat off his face minor skilling Kurt. Thank you very much. Mr Skilling doc minor begins to wordlessly removed the various sensors from Skilling's Bonnie. Did I pass on to speak your lawyers. They'll be in short Leonard. It's killing reaches for his shirt. Minor leaves abruptly Skilling can't tell if that's a good sign or a very bad one. He still can't believe that Enron is bankrupt and that people want him to answer for it. His lawyers asked him to submit to this lie detector test prove he wasn't hiding anything from them. Skilling US bidder yeah. I'm the guilty one. I'm guilty of pumping billions of dollars into the American economy guilty of saving the energy business two of his lawyers interests killing finishes buttoning opening has shirked one is smiling. You Pass Jeff. You told us you were telling the truth with no attempt to deceive congratulations skilling. lets out a deep sign. Oh thank you God so onto more pressing business. Skilling has a meeting in Washington tomorrow with the Securities and Exchange Commission. He figures he'll get past them just like he got past. This lie detector Skilling stands Tall. He feels invigorated. The company he built is now on trial and he intends to defended with always got despite what his enemies may say he did nothing wrong. He leaves the polygraph room behind confident that he can prove Enron's innocence. The World American scandal is sponsored by Rosetta Stone. Excuse me where's the bathroom hello. How are you today? I would like to buy a ticket please. You may have learned to say a few things in Spanish or French or maybe German or Italian. Maybe you feel confident asking for both the menu and the check in another language but what you do when you want to say more than just travel phrases. How can you learn to communicate with understand and be understood? Stood by people across the globe small victories can lead to enormous discovery and that's the power of Rosetta Stone Rosetta stone is a language learning APP. It's true accent. Speech engine helps you tune your pronunciation and with dynamic immersion you won't be memorizing vocab but learning new words and phrases based on real world context and with seeking speak turn your iphone in the everyday world around you into conversation practice with Scavenger hunt style challenges Mac or PC iphone or or android Rosetta Stone sinks across your devices for anytime anywhere learning find your key to unlocking new languages. Get your free trial now at Rosetta Stone Dot Com bill for mobile built for real life you you from wandering. I'm Lindsey Graham and this is American scandal.
"enron" Discussed on American Scandal
"It's late at night and sharon watkins is in her kitchen again listening to a voice voicemail that jeff mcmahon just left on her machine he's read her memo he says they all hear her loud and clear but a massive restatement of earnings even if it's not related to core or businesses will cause a major credibility issue with the investor community and in case she's not aware enron is already dealing with major credibility issues shareholders others tend to be forgiving but not lenders he says a restatement results in some nasty stuff what he's getting at here is that a new guy might be able to come in and fix it all that's a possibility but he's not so sure that the old guy can hang around and say whoops sorry for what i did things will be better from now on mcmahon wants watkins to think about that watkins just stand kitchen she knows he's right restatement of financial reporting is a confession of guilt companies do it all the time and survived but customarily the top management does not the executives admit they were wrong and then they perform the corporate equivalent of harry carey walk ins hasn't realize is into this very moment that should pursue her recommended course of action ken lay and jeff mcmahon will both have to resign jeff doing trying to escape but he couldn't you went to florida his wife said the beach would help them relax but it was impossible to pick up a paper or turn on CNN without being reminded of the fact that enron was imploding skilling thought he be less depressed after he left the company and for a time he was he thought that he was doing doing the right thing when he quit not just for himself but for enron he really believed that the bad stock price was obviously a reflection on his leadership so it should have rebounded once he resigned lay lay returned to the helm but enron's fortunes haven't improved things actually got worse now the SEC is all over the company the idea that these people would criticize besides enron over a few stumbles with all the good the company has done for the average consumer is outrageous meanwhile and ron his hemorrhaging more and more cash every day there's a term for what's happening to enron death spiral scaling assure there really is only one option so he cut his vacation short and charter jet back to houston and after a few days he's ready to make the call takes a deep breath picks up the phone dials and talks to ken lay can you gotta bring me it back says he tells lay he's been thinking about it long and hard and he can return as interim ceo consultant he lay and company president greg wally will fly to new york immediately and once they're skewing knows he can convince chase to offer enron alone in the three to four billion dollar range it's time to fire up the engine skilling says you know doesn't dismiss the idea outright tell skilling he s ago and he'll consider it and get back to him skewing just stands there feeling more alone the number he can't understand why didn't jump the offer all skilling wants what's best for the company and if that means returning than he's willing to do it skilling frowns muskets down the phone defla waller too blind to see that they need his help then this truly is the beginning of the end for enron.
"enron" Discussed on American Scandal
"Sherron sherron watkins sits at home that very night fully aware that she is not the most popular person at enron these days she doesn't know how it got out but it did walk ins wrote a memo to ken lay claiming the company was engaged in fraudulent accounting and that he had to do something about it she didn't go to the wall street journal or fortune or the SEC those organizations came to their conclusions about enron all on their own still there are some at enron who now look at watkins as if she's an informant out to destroy great company there is enron was doing just fine until she decided to climb up on her soapbox one person who clearly feels this way jeff mcmahon she thought mcmahon was a friend but ever since he became CFO he's been very difficult to reach who was never like that before she can sense that the new position is changing mcmahon perhaps fastow ashdown his supporters are right mcmahon is just as cut throat as the rest he was critical of belgium but maybe that was just to get fastow in trouble so mcmahon could push him out out and takeover walk ins added kitchen table when the phone rings she picks up there's a hoarse voice barely recognizes on the other end hey sharon it's jeff mcmahon sounds terrible says he sick that he's been working around the clock and hasn't had time to return her calls walk ins asked pointblank if mcmahon and considers her a traitor he's appalled at the suggestion he says walk ins is still highly valued but then he's not sure what she can do to help the current situation and ron has a scramble the stock is at fifteen dollars a share with no signs of recovering mcmahon is pleading with banks to get alone the company desperately needs it's crazy he says just crazy man promises he'll reach out again when things settle down and hangs up watkins grabs a notebook and pen mcmahon may not think enron can can use help but she knows it does with both skilling and fastow gone perhaps enron can start fresh and redeem itself she begins a new memo titled disclosure steps cbs to rebuild investor confidence the idea is simple and ron must correct the accounting mistakes it must restate its earnings and immediately within in an hour the memo's complete walk ins tends to hand it to ken lay personally at the first opportunity and the next evening ben glisten is in his bedroom when the phone on nightstand brings it's ten thirty unusual for someone to call this late so it can't be good the news on the other end of the line listen steels himself hello ban is jeff mcmahon jeff everything all right no now the silence just hangs there for several unbearable seconds be to sweat drips down questions forehead then can't take it anymore what's wrong jeff you know what's wrong you lied to me lied about what ben i trusted you i thought you could help us you told me about yuko but you didn't tell me everything listen jeff okay about that LJM is ruining us you know that it could destroy the entire company everything connected to it as toxic now a lot of people are lying lying about what they knew and what they didn't and honestly i can't sort out who's telling the truth and who's full of shit but i do know this you should have disclosed that you had a personal stake in l. jan van should've told me that listen racist for an explanation he should have said something he could have said something but he never did he didn't think anyone would ever figure it out and that it was probably best to let sleeping dogs lie okay jeff if i had invested directly in elgin i promise i would have told do but i but i invested in a company that purchased a subsidiary of l. jam jams subsidiary i didn't invest in LJM i didn't invest in enron run so technically okay jeff technically i did not lie to you chris and wipes the sweat away then you're fired.
"enron" Discussed on American Scandal
"On October twenty third two thousand one. Andy Fastow can see the Ken Lay is beginning to crack under the pressure lay plots into the room sits down and rubs the dark rings under his Eyes Fastow's. Not sympathetic lay did this to himself self. Maybe if we had promoted FAS- out to see Oh instead of listening to Sharon Watkins Enron would be in better shape miserably lay sits at the head of the boardroom table aimal set to begin another grim analyst call the PR department has written up an official explanation regarding the circumstances that led to the creation of algae and it all sounds. That's perfectly logical Ron Ashton a fat lawyer from Vienna Chimes. He proposes an edit that identifies fast hours the founder of the Investment Fund fast. I can't contain himself. It was skilling he screams. Everyone just stares at him. Even lay fast out aside sit down the others do as well and lay begins. The call lay tells those on the line that he's disappointed the stock prices so low especially since things were going so well at the company. Pastel stifles a SNORT. Les recites. The prepared remarks regarding. Ljm It was an investment fund created to counteract volatility related to various Tech Deals Fastow voluntarily terminated germinate his with Al Jam when it became apparent that his prominent position both in L. Jam and Enron made some investors uncomfortable lay then adds that he has the highest confidence finest fast out and thinks he's outstanding CFO. It's a polite remark. Fastow acknowledges it with a flight not it's his turn to talk now and he keeps keep things cheerful. No one needs to worry about Enron's liquidity. Its banks still supported plus. Enron hasn't needed to dip into the three billion. Keep socked away for emergencies. Z's lay asks if there are any other questions. Kurt launer of CFSP wants to see a balance sheet. When will it be available. Lay Shrugs the next balance sheet will be available at the usual time found a week or two after earnings or announced longer asks if the balance sheet can be distributed sooner lay says sure possibly and leave stood that Fastow roles is is there's no chance of that happening. Dave Fleischer from Goldman Sachs is next on the line and he doesn't mince words. What's the company's credibility is being severely questioned. He appreciates that. It's difficult for lay to go into details but now is the time for full disclosure. There's has an appearance that Enron is hiding something. Make no mistake and Ron is in crisis and lay will need to have a conference call like this perhaps every morning from now on intil investor confidence is fully restored lay holds up his hands and response. We are trying to be as transparent as we can. We are trying to provide information. We're not trying to conceal anything. We're not hiding anything. The next person to take over the conference. Call is Richard Grubman fast. Our remembers him well. He's the guy that Skilling called called an asshole. Just a couple of months ago. Grubman says that he did some calculations and doesn't think that Enron correctly recognized all the losses taken when Asterix went belly up. The government says it appears Enron took a bigger hit from asterix than its leading on Chief Accounting Officer Rick Causey. Response says that it's nothing to worry about Enron created it is an SP called Marlin designed to contain the asterix debt so everything's fine but Grubman says he doesn't buy it he's aware of Marlin and it has no value as an SP at all marlins simply does not have the financial resources required to cover the large debts generated by the failure of as Eric's Causey begins to respond but but Ken lay cuts him off he tells Grubman. I know you want to try the stock price. You've done a good job of doing that but I think that's that. Let's move onto the next question. Fastow Raises Eyebrow so the old man still got some fight left in him fast and looks forward seeing how they will fare later that morning when he has to face Enron's employees employees lay enters the Houston high in the hotel's ballroom is packed wall to wall people that work for him and his crisis management team oppose this they told lay it was time to face his employees directly to tell them that there was no reason to panic that Enron would prevail like it it always has such reassuring words would mean a lot coming from the founder and CEO of the company lay weaves way towards the podium. He tries to make eye contact with as many people as he can says good morning to each of them. He's going for confident convivial. P- in control but the crowd is agitated to lay. They sound like a swarm of angry. The Hornets lay climb steps that lead to the microphone and pauses momentarily usually at this point he be greeted with thunderous applause and a standing ovation but not today day and runs workers sit an impatient silence. They're scared and Ron stock is trading at nineteen dollars a share their retirement savings are going up in smoke. They're desperate for a reason to believe in this company again so with a thoughtful non. Les Surveys the crowd and begins good morning there. It is now. We've got a packed house and I appreciate that now. In any other circumstance circumstance I would probably have fewer to say to you regarding September eleventh and the many heroes the roast the occasional awful day but of course we're we're here to talk about Enron because just like America's under attack by terrorism I think we're under attack lay hold for applause but there is none which is odd he thought that statement would get more support lay motion for Enron president and CEO Greg Wally to approach the microphone. May I smiles as wally lists Enron's many business units and describes in detail the ways in which each unit is performing admirably lay takes over again. Thank you greg. Let's have a round of applause for Greg Wally of course as you can see. The underlying fundamentals of our business are very strong indeed the strongest they have ever been but regrettably this is not what Wall Street is focusing on a doubt is what you're focusing on either but I've watched no that Enron's Ron's been through some tough times before it's right trying to take us down in the eighties with that phony oil trading scandal. They're trying to take us down many times when each and in every case the company has come back and has come back stronger than it was before you make no mistake all of us here in this room. Today are being tested is true. Will we measure up to the challenge. True character is born in times of crisis. We need to show our character as an organization now. It's time for questions and looks like a few up here. An aid offers lay a stack of cards with employees questions. He selects one at random. Question makes him frown but it's too late to put it back. Hundreds of people have just seen him take it. There's nothing else to do so they returned to the microphone and reads the question aloud. I I would like to know if you were on crack. It's October twenty fourth. Two thousand one on an Andy Fastow is fired up charging into Enron headquarters at nine. Am for a meeting with the executive. Committee lated his best yesterday some bought his Enron shall overcome schtick but some didn't it makes no difference. Fastow though Enron just needs to show it makes money for that it needs Andy Fastow with fast househelp Enron will reign cash again and when that happens the analyst watchdogs the Wall Street Journal even the asshole shareholders. They're all just going to shut. Shut up and go away. Money makes people have short. Memories is the only answer it has always been the only answer vast outbursts into the executive sweet ready to talk strategy. He has ideas on how to keep Enron afloat for the rest of two thousand one as well as into the next decade he quickly take stock of those in the room mm-hmm and stops dead Greg Ueli Ken Lay and Jeff McMahon. What the Hell is he doing here. They all stare at him and he sees it in their rash faces immediately. He just shakes his head. Smiles looks at the floor than backup then why he asks lay tells him the banks of lost confidence often you andy. I'm sorry but our hands are tied. We have to let you go fast. I usually try to keep his rage and check when he's around lay but now how he simply can't contain himself. There's no reason to hold back nothing to lose. At this point. A single bank expressed the lack of confidence in me and I told you all about about that myself last week. Now you're punishing me for being honest fast. Alex for something throw but there's nothing in reach. He looks at McMahon and asks so I guess you're the A new. CFO well congratulations mockingly he softly applauds McMahon's face. Ken Lay looks disappointed and he'd this doesn't need to be difficult yet does Ken fast our replies turning to leave but then he stops. He's one last thing to say. I'm watching now. I intend to sue for ten million dollars wrongful wrongful termination see you in court way. You're going to all be there soon anyway fat afternoon. Ken Lay sits down his office loosens his time and causes this is he doesn't see how this day could get any worse than his phone rings. It's one one of the lawyers bad news. The Securities and Exchange Commission has just made an announcement as of today it has launched a formal investigation of and Ron Corporation.
"enron" Discussed on American Scandal
"Ken lay in the elevator alone and going down angrier than he's ever been his life when the doors open he had to the public relations department they appear to all will be gathered in a single room having some kind of group meeting but whatever they're doing isn't enough lay is here to set them straight when he steps into the room the PR people look surprise. Usually a meeting with the boss is booked weeks in advance lay asks. If they've seen the Wall Street Journal lately they just look back and nervous silence lay racists voice everything he's done to get Enron on solid ground the internal review the financial disclosures the interviews none of it mattered the two characters the Wall Street Journal Rebecca Smith and John M Schweiler are out to destroy him. Enron posts third quarter losses not a big deal but the journal reporters made it a front page headline worse they've put fast out under the microscope lay thought he was all cleared up but Smith and Wyler are claiming that Fastow's thousand relationship with Ljm was unusual. They're quoting so-called corporate governance watchdogs. Those people say that since L. Jam purchase assets from Enron Breath Fastow should never have been allowed to run LJM while serving a CFO on the job of a CFO is to look for the best financial interests of the company that employs him the journal is insinuating maybe he looked out for the best interest of LJM at Enron's expense the Wall Street. Journal is pulling Enron apart. It's highlighting notches watches the failure of its broadband division asterix but the loss of a billion dollars in equity and the departure of top executives made a shaking his voice Hoarse Nia ads what is quite possibly the worst news of all Enron stock is now down to an all time low of twenty five dollars. Moody's has placed the company's as long term data on review for potential downgrade lay deliberately makes eye contact with each and every person staring back at him and fear he tells them that there is nothing wrong with how Enron does business he says it's a public relations problem and orders them to fix it lay heads back towards the elevators leaving the PR group behind signed. He's just hired a crisis management team in his first meeting with them. As in five minutes he can sense the clock beginning to tick on his career quickens his pace. He knows that if he can't save the company within the next few weeks and Ron is finished lay along with it. He won't let it happen. If it's a fight his enemies want and he's about to give them the fight of their lives.
"enron" Discussed on American Scandal
"On October seventeenth the two thousand one. Ken Lay sits in metallic gray executive conference room stealing himself for an early morning investor call just over a month ago. Hijackers flew planes lanes to New York's Twin Towers. Three thousand people died lay watched it on television as the towers collapsed for a brief moment. Enron's problem seem trivial bill small but the feeling was fleeting ashes from the ruins. Were still swirling in the air. When the critics started circling Enron again people want lay to answer answer questions about Enron. He has good news for them but even good news sounds like bad news these days the conference call begins lay puts on his most optimistic voice for the investors analysts and executives and Ron reports a strong recurring operating performance in Q. Three recurring net income is up thirty five percent earnings per share are up sharply flee to that practically tells you all you need to know he says adding Enron's core energy business fundamentals are excellent. There is one minor thing he needs to mention though and he purposefully speaks quickly. We're recording non-recurring charges of slightly over one billion dollars. This quarter of the changes are a result of a thorough review of each of our businesses. We're committed to making the results of our core energy business more transparent to investors. He explained some of the losses pertained to as Eric's some broadband some tech stocks and some are spread across a smattering of other assets. He's owning up to the losses but critics don't miss the sleight of hand. Those losses are kept afternoon separate basket so as not to sully the bottom line as he ends the call. He smiles and looks up. He surprised to see a look of confusion on several board members faces. He doesn't know what they're confused about. Everything he said is positive. Enron is on an upswing. There is of course that billion dollars in expenses that came out of nowhere but isn't it better if he puts it out there instead of critics dragging it out. This is what the new Enron is all about telling the truth and facing directly lay walks expect to his office and reflects on a job well done. He's even ordered an internal review company practices. He's asked Ron Law Firm Vinson and Elkins to conduct it. It will be a review with reasonable parameters of course he told the lawyers that they can't second guess past decisions made by Enron's accounting firm Arthur Andersen expressly demanded that they not not conduct a discovery style investigation lay his confident that there's simply nothing left to discover. Skilling has gone fast hours on ice. Everything is a okay okay in Enron and the company will be completely vindicated soon. Sherron Watkins conceals ridiculous she sitting at the end of a conference table large enough to see twelve people at practically defar other end of the table are two men from Vincent in Elkins and their faces impassive that the only three people in the conference room Enron is a client of vinnie and that strikes walk INS as a slight conflict of interest. There's not how she would have conducted internal review proceedings. She tries to break the ice first off. I'd like to thank you for conducting this investigation. I think it's a I I think it's important to note no. Milwaukee not an investigation it review. The distinction is important very well a review yes so so as we understand it. You suspect some financial impropriety of some sort within Enron yes sir. That's that's putting it lightly. Well elaborate Miss Walking's please. We're all ears okay Andy Fastow's Investment Fund. Ljm essentially he used it to line his pockets. He often ran the fund in a manner that ran counter took Enron's best interests plus. I believe it's quite clear he used special purpose entities specifically the SP's known as rafters to conceal company losses so he was deceiving investors. This doesn't concern you at all well as we understand it. Mr Fassa is no longer involved in ljm LJM's so that clears up a lot. I'm not so sure it no. I'm not sure it does actually walk. INS feels embarrassed. She isn't cynical cynical enough yet to believe they openly take fast outside. Fastow who just days ago tried to have her and her assistant fire. Thankfully that didn't go anywhere from what walk walk ins was told Cindy Olsen. Hr called Ken Lay and lay made it very clear to fast out. There Watkins wasn't going anywhere. One of the lawyers continues well. Let me ask you something. Have you seen all the legal documents on the raptor transaction. I don't think I can claim to have seen them all. That's exactly right and how exactly did did algae and pull money from the raptor transaction. That's another thing I wasn't privy to miss. Watkins seems like you weren't privy to much. We've reviewed some of your statements here ear nonethless memo for one from where we're sitting. It seems like you substantiate much of your allegations with things overheard at a cocktail party. Yeah lots rumors lots of conjecture. Would you agree. Actually No. I've seen the books with my own eyes and I know Andy is up to I can give you several names of people fluid corroborate my allegations yeah. We'll reach out. If we require your systems contacting anyone you might know walk ins remembers the moment and Rex Rogers office when she nearly cried. What she's feeling now is very different. She's not even close to cry. She's just angry. These idiots care about covering their asses more than anything and they're willing to destroy Enron in the process. Ken Lay did not take her seriously after all sure he protected her from Fastow but a job at Enron isn't worth much if lay too scared to ensure a legitimate internal review. Ken Lay is obviously afraid of what you'll find if he looks at his own company too who closely it's disappointing and it's sad. Do you have any questions Mrs Watkins. No thank you for your time mm-hmm. Andy Fastow Mrs Jeff Skilling with him gone fast out surrounded by complete morons morons like Ken lay and Sherron Aaron Watkins who lay was too stupid to fire morons like these internal review suits from Vienna. They seem apologetic bags. Pardon for taking up his time. Fastow doesn't want to hear it. They shouldn't even be here in the first place he sits across from them in their little comments room and lays it all out like you would to a couple of toddlers accept everything at Enron is completely above board and always has been all transactions all of them were thoroughly reviewed by Arthur Andersen the office of the chairman and yes even va va itself to these guys really WanNa know what this is all about. He'll tell them Jeff McMahon wants his job so he's enlisted his pawn Watkins to smear smear fast out so that they can take Enron over together. It's obvious via Neiman nod and take notes October sixteenth two thousand one. Sherron Watkins is back in the Lawyers Conference Room. They have concluded their review and we like to share their findings. Watkins braces herself for the worst and she is not disappointed is the belief of Vincent Elkins that Watkins concerns amount to little more than bad optics friend Ron yes. Ljm doesn't look right and neither do the raptor transactions all these entities performed poorly and that along with a falling stock price will not play well in the media but a big company like Enron will suffer adverse publicity from time to time. That's just a cost of doing business. The manager Watkins that her concerns were thoroughly reviewed but they hadn't found anything that wasn't already known for them. It's a case closed walk and says it doesn't sound like they gave her concerns. Any real consideration at all the lawyers point out that Enron stock is more stable than it's been in weeks. It's held thirty three dollars. Even after the company announced losses things that are looking up. Watkins just shakes her head. She almost feels bad for them. At this point Enron must voluntarily and publicly restate past earnings simply did not make the the money said it did all the mark to Market Fair Value Accounting and special purpose entity manipulation is certain to catch up with the company and when it does people won't be asking if the stock price is holding they will demand that heads roll.
"enron" Discussed on American Scandal
"In may laboratory most importantly he has what enron executives liked to call intellectual purity meaning he answers to know god but the free market and will exploit institutional inefficiencies for cash belden leans gazza's gets his desk tossing a nerf football in the air he looks at his troops of about ten or so traders all of them intellectually pure just like him. It's time to take stock of the latest strategies to gain the california energy market and make millions in the process. There's the classic submit a scheduled to reflect a man that doesn't exist to drive up costs call that one fat boy then there's the old file transmission schedules then get paid to relieve the system of congestion. That little maneuver goes by the name death star. Ooh mellon asks if there are any new ideas. One trader suggests enron could sell power. It doesn't actually have for use as reserves. Enron will probably never be asked to supply the power anyway or could buy back later at a lower price. Belden loves it now. Call this latest scheme. Get shorty coming up with these fun. Codenames is his favourite part but one of the trader says he's concerned about something he knows that what they're doing is legal just maximizing the loopholes and california energy law but even so isn't this all ethically questionable belvin laughs who let this buzzkill in the building. He explains at enron isn't in the business of doing what's what's best for the state of california. It's in the business of doing what's best for enron. If you build a house with no doors and fill it with valuables don't be surprised if it gets robbed mm-hmm belt and asks for more ideas and several traders start talking at once. It's music belgians ears and he doesn't feel an ounce of guilt. His team puts the hours into studying cutting all this complex and convoluted policy. They've done their homework and now they will reap the rewards. Rebecca.
"enron" Discussed on American Scandal
"Enron chief financial officer andy fastow was about to kill an alligator. That's what former enron ceo rich kinder used to call it he. He said that enron's problems were like alligators and to fix them. You had to get in the swamp kick out all the alligators and kill them one by one fast. Al likes to remind himself of this. Every time someone at enron becomes a problem and when that happens it's time to go alligator. Hunting fastow gets out of his chair paces with each passing second. He gets a little angrier then. There's a knock at the door. Today's alligator has arrived. It's open jeff mcmahon enters the enron corporate treasurer glorified accountants more like it and fastow hates them. You wanted to see me andy yeah. How'd you meeting with jeff. Go my meeting with breath jeff skilling slip your mind. You don't remember speaking jeff behind my back andy. Do we really have to do this. Your problem talk right now. Find the current situation with l. j. M. is completely untenable. Is it yeah you're enron c._f._o. But separately you run l._j._m. J._m. an investment fund that does all its business with enron aso so this is a conflict of interest bankers at maryland. I union colony. You've launched l._j._m. To now and you want them to provide debt financing and you're threatening to pull enron's business altogether if they won't do it and also enron. Iran employees are telling me that when they negotiate with l._j._m. It strongly implied that if they fight for themselves too hard they'll be punished with negative performance reviews over at enron will andy. This is a completely out of control fastow clinches. None clutches his fist. He can feel the heat in his face knowing he's turning red. You wonder what would happen if he just hit mcmahon right here in the office. He could probably get away with it. There's no need for such extreme measures yet jeff. I don't know if we can continue. Can you working together and what you talking about l. G. m. is legal. Elgin is good for enron and as an employee of enron. That should be good enough for you. I need to look out for my shareholders. Look out for them then. That's not my problem you think. I don't know what this is about. You know l._j._m.'s great idea. You're just mad. You didn't think of it first first and instead of coming up with something innovative on your own just trying to tear down when i built it's lazy and it's unethical on your calling me. Unethical your little trick with nigerian barges. Come on. I know everything happens in this building and everything you say skilling gets back to me everything breath so just thinking about that next time you wanna run crying him like a little bitch. Get out mcmahon just stares back at him trembling with rage. He can't express breasts fast doctrines. He knows skilling will soon have mcmahon transferred. He'll no longer be able to stick his nose and fast business. Look at him broken broken man with nothing left to say just looking down to the carpet fast. I watched some trudge back toward the elevators. If mcmahon didn't understand before who really runs things at enron does now american scandal is brought to you by chase. It's a big decision asian and one you've been preparing for but you weren't quite expecting it to be such an emotional. Your kids grew up in this house. Frankly you grew up in this house if you're honest but <unk> aside you don't need these extra bedrooms this young couple. Does you've seen them tour this house. At least twice you recognize look in there is hope fear you've had some worries to what if you sell before he found a new place what after closing process drags on and you're living out of some motel but you've got that covered <hes> the chase customer you're guaranteed to close on your next home quickly or you get one thousand dollars so no storage units. No motels chase gets you in your next home. Faster faster learn more at chase dot com slash g._s. chase make more. What's yours all home. Lending products are subject to credit and property approval rates program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts other restrictions and limitations apply home lending products offered by j. p. morgan chase bank thank n._a. An equal housing lender uh.
"enron" Discussed on American Scandal
"In market energy business unconstrained by federal oversight once shackled from regulation he felt the profit potential was enormous and then in the nineteen eighties. He's deregulation became a reality and enron was off to the races expanding beyond pipelines to other unregulated energy markets and then in nineteen ninety lay. They made a pivotal higher jeff skilling was brought in to run enron's finance division use cunning aggressive brilliant. Perhaps one of skilling's most brilliant servers was instituting accounting system known as mark to market under the mark to market system and could declare prophets from deal on the very day it was assigned even if it had no idea what those profits would be but the key to enron success was accounting fraud in the nineteen nineties feverish bull market stoked wall street expectations expectations big companies push themselves to show annual returns a fifteen percent or more and enron unethical exploitative fueled by greed and little else cahan slowly rotting from the inside wall street didn't know about enron's creative accounting practices analysts stockholders were just impressed with the prophets and thanks to its numbers manipulation and ron was on just about every analysts vilest but when enron's earnings started defy market forces stock analysts and journalists analyst became suspicious eventually sounding the alarm in two thousand one and ron was revealed to be a fraud it was too late when the company tanked shattered the lives lives of thousands of employees whose retirement accounts just vanished and ron left wreckage from california to wall street the shear breadth and complexity of enron's crime stunned the world in the aftermath of the company's bankruptcy many asked how such a massive fraud could go undetected for so long at the heart of the dark scam where enron ron corrupt leaders and brokers but they had help from a vast network of collaborators including outside legal and accounting companies that covered for them at the time the scale of the the illegal manipulation of the american financial system was unprecedented. This is episode one a sense of urgency. It's february nineteen ninety four and as she walks across the snow sherron watkins smiles. She's officially and employees of enron. She's only only thirty four years old and has been with the company mir four months but now she's here in aspen colorado. America's most exclusive ski town walk ins was sent here alongside alongside several of her colleagues their boss jeff skilling the head of enron's capital and trade division sent them to represent the company at an important conference convened to help link those who run large public pension funds with big corporate money movers. I can run the conference was a success and at the end of each day. There was plenty of time left over to head out into the snow. I try one of the fancy local restaurants tonight. Walk ins. We'll do both. She approaches the meeting place in. Here's andy's unmistakable laugh. Walk ins likes andy fastow now. He's a good guy. The one who hired her to manage investment portfolios fastow's one of the most energetic and innovative finance executives in the company. Maybe even the country watkins reports directly to him and his confidence. You'll be able to move up steadily in his department. She jogs up to the group. There's a couple of guys from enron chris bauer of pacific inc group in california. A friendly middle aged guy walk ins doesn't yet recognize bauer explains that the man is with pine creek cookhouse the restaurant they'll be eating at tonight and then upon closer inspection watkins noticed something everyone standing in cross country skis. She's only wearing lightweight winter clothes. Someone apparently forgot to tell her to gear up the hit the slopes the man from pine creek starts hanging up polls. They're going to ski to the restaurant. He makes a vague gesture over shoulder and says it's just around the mountain he he asked if anyone's really not up to skiing consent for a sleigh to take them instead fastow's look of disdain says everything enron guys don't do sleighs and more or than anything watkins must be an enron guy one by one the group pushes off towards the mountain watkins is a little oddly and immediately falls behind but she she grits her teeth and pushes her skis forward watkins calls too fast our tailored to slow down but they speed up within moments gone. She's been left behind. It's not long before watkins watches. The sun disappeared behind the trees. She should have reached the restaurant by now. Dusk is becoming night. She's alone starting to get very cold growing more and more concerned. She sees no sign of her team or the restaurant. She's lost in the dark has gone too far to turn back but she reminds herself. It will be okay. It has to be and you will realize she's gone too long and set off back down the trail to get her and finally lights appear in the distance lights the building in a sign that says pine creek cookouts. She opens the door scans. The room takes a moment process what she sees. She kicks the door shut behind her pulls. Offered offer gloves angrily flings. The floor fastow notices her for the first time he's in his regular clothes skier in a heap at his feet casually chatting with mitch taylor appeared to be on their second or third glass of wine. Dinner is over fast out gives walk into look like what's your problem. He didn't even notice does she was missing. He didn't care none of them did walking shakes her head and ask if anyone who realized that she had made it until just now fast al tells her that next time you'll just have to do a better job of keeping up walk ins finds a table says all been just another lesson and how things are done when you're part of enron enraged embarrassed. She grabs her menu and results and never allowed herself to get left behind again. Ken.
"enron" Discussed on 790 KABC
"I can't answer that the there we have two individuals at enron deal and then we have one at shock terms fi we'll tackle now we do not know that yet morning just update you guys for the next briefing so we don't anticipate having any further information until tomorrow morning with releasing the suspect's name as you know there's a lot of investigation that's going on right now we don't want to jeopardize any of that again we just from the enron county police department like the chief said we interact with these reporters everyday like we do a lot of you guys that are that are local reporters so i think sometimes in these major events that gets lost so our thoughts and prayers go out to these victims to the victim's family and to friends so while these are people that we knew per se if you're just joining us all right so we just heard from the police chief in annapolis maryland about the shooting that took place earlier today five people were killed others were injured after there was a shooting at the capital gazette newspaper that's located in annapolis which is the state capital in maryland we did not learn the identity of the shooter however we did find out that he was interacting with the paper via social media the chief said that there were threats that were sent through social media he didn't really elaborate on just exactly what type of specific threats they were if he was threatening to come down there and shoot up the place they were they were violence rats because p five people ended up dead no question some of the questions are a little inane i was like what really what do you think but we know he's in his late thirties we don't know much more than that they would be able to identify him shortly there were questions about facial recognition software and about what yeah so you had heard what did you hear that he messed with his fingertips so that they could not get prints i feel bad for not remembering but i i was reading so many news articles about the shooting in one of them they mentioned that he might have altered his fingers in some way so they couldn't use fingerprints to identify who he was and then he was uncooperative when they brought him into custody well i i hope that they get some stuff out of him tonight you know and they'll be able to do their own amount of investigation without him cooperating that will put the puzzle together somewhat for them well particularly if there were threats that were sent via social media sure yeah it will be very easy to find out who exactly this guy is i'm sure they already know who he is by now they're just not telling us for some reason yeah yeah i agree and that's the thing with social media it's changed the complexion of news you know people put out reports that's why he said i want to be very clear unless you hear it from us it didn't it's not didn't happen essentially until they verify it and substantiated which thank goodness and it's gotta be hard for media organizations to evaluate threats that are sending against them because when you're on tv when you're on the radio when you're in the newspaper people threaten you all the time during the election i would get threats on a regular basis and i really only treated them seriously if they were local i would send them all to cnn security so they had an idea that something was going on but i wouldn't go to the the police and i wouldn't really try to do something to the person or have an investigation go down unless i really thought it was serious because i don't want to waste the police time i don't wanna waste my time but you don't know how unstable the other person is on that letter and so in this case if there were letters written or exchanged and we don't know the magnitude of the violence and whatever we know what it led to that's that's tough that's a tough call no question so you know crazy right now and it's a story that's developing very quickly we will of course have more information for you in the news later on on seven.