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News -01-30-06 New Fed Chair (Christian Science Monitor) "Overall, he [Ben Bernanke] will be concerned about how the markets perceive his actions." 01-06 -01-31-06 Enron Prosecutors State Their Case (CBS News) "The blockbuster criminal trial of former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling is about lies, not numbers, a federal prosecutor told jurors Tuesday, launching the much-awaited case against the scandal-ridden company's former corporate titans." 01-06 -02-01-06 Enron--The Case For and Against (CNN News) "Lawyers for former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling insisted Tuesday the men were guilty of no crimes, arguing the company was never infested with fraud and instead fell victim to a sudden crisis of market confidence." "A federal prosecutor laid out a starkly different version of events." 01-06 -02-18-06 Internet Stocks in a Familiar Pattern (Christian Science Monitor) "Google's recent $130-a-share loss fits a familiar technology pattern." 02-06 -02-26-06 Enron's Lay: Riches to Ruin (New York Times) "Mr. Lay's failing fortune underscores a recurrent — but often overlooked — theme in recent corporate collapses. Despite the public image of corporate chieftains at scandal-plagued companies escaping the debacles with their pockets stuffed with cash, several have been pushed far down the road toward insolvency long before a civil or criminal judgment is entered against them." "In a number of cases, that is because the chief executives were as reckless with their personal finances as they were with the management of their companies. Bernard J. Ebbers at WorldCom and John J. Rigas at Adelphia Communications, both convicted of fraud, borrowed hundreds of millions of dollars from their businesses to purchase their own companies' stock." "When the companies collapsed into bankruptcy, those shares were worthless, but the executives still owed the money." 02-06 -05-05-06 Stocks Reach a Six-Year High (ABC News) "Stocks rallied sharply Friday as moderating job growth reinforced Wall Street's hopes that the Federal Reserve may soon end its series of interest rate hikes. The Dow Jones industrial average climbed more than 110 points to a fresh six-year high." 05-06 05-30-06 Bush Chooses Paulson for Treasury Secretary (Washington Times) "President Bush yesterday returned after a holiday weekend and picked up where he left off, building a new second-term team by nominating Goldman Sachs Chairman Henry M. Paulson to replace Treasury Secretary John W. Snow, who resigned after more than a year of speculation about his departure." 05-06

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