Top 10 Articles
From Gail Collins of the NYT, another assault on Americans’ benevolent sense of life, comparing it to day-dreaming. “Americans have always raised their children to believe in the power of the dream. This is probably why hundreds of thousands of young people are certain they are destined to become the American Idol. Or Next Top Model. Or marry a Jonas Brother. A few of these dreamers grew up to run oil companies.
John McDonnell, running to succeed Gordon Brown as head of the British Labour Party, said in a speech at the GMB Union Congress that he wished he could “go back to the 1980s and assassinate [Prime Minister Margaret] Thatcher." (The GMB Union was formerly the General, Municipal, Boilermakers and Allied Trade Union.)
The Gulf Spill
The Gulf Spill Once again, journalists are speculating about the possibility of bringing criminal charges against BP CEO Tony Hayward. I have not yet heard anyone propose the death penalty, but I am not sanguine (they did at the time of Enron).
According to a story at Bloomberg.com:“ Lehman Brothers Holdings Inc.’s ex- Chief Executive Officer Richard Fuld asked a judge to dismiss a lawsuit accusing him and his colleagues of failing to disclose Repo 105, a financing method allegedly used to conceal billions of dollars of debt, according to court records.”
The Deepwater Horizon oil spill is not central to the concerns of the Business Rights Center. But it is worth following because of the legal, legislative, and regulatory consequences that are bound to follow. Alarming assessments of the spill are easy to come by.