- Making News: Secretary Chertoff Announces Homeland Security Reforms
Since it was formed in the wake of September 11, the Department of Homeland Security has been criticized as unfocused and poorly coordinated. Today, the new Secretary, Michael Chertoff, announced a major restructuring. Sara Goo was briefed by Chertoff this morning along with other reporters for the Washington Post.
- Reporter's Notebook: WorldCom's Bernard Ebbers Gets 25 Years for Fraud
The telecommunications company WorldCom collapsed in 2002, the largest bankruptcy in American history. Subsequently, Bernard Ebbers was convicted of America's biggest corporate accounting fraud, tagged at $11 billion. The former CEO wept in court today after Judge Barbara Jones said a sentence of anything less than 25 years "would not reflect the seriousness of this crime." Shawn Young has followed the case for the Wall Street Journal.
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