- Making News: Former Enron CEO Ken Lay Indicted
The word is out that former Enron CEO Kenneth Lay, the Texas energy tycoon who was a major contributor to then-Governor George W. Bush, has been indicted and will turn himself in tomorrow. Juli Niemann, senior vice-president and stock market analyst at R.T. Jones Capital Equities and co-author of The Complete Idiot's Guide to the Politics of Oil, updates the case that has wide-ranging implications for politics, business and investors.
- Reporter-s Notebook: Governor-s Panel Urges Drastic Prison Reform
California-s $6 billion correctional system is America-s largest. A national model as recently as the 1970-s, a panel of experts has concluded that it-s now become one of the worst. It-s run by the prison guards- union, and it fails to rehabilitate inmates, which has led to the nation-s highest rate of recidivism. Former law-and-order Governor Republican George Deukmejian, who led the panel, says restructuring the system will save money and lives.