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Guilty Verdicts for Lay and Skilling in the Enron Trial

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The Jury has made its decision in the case of Ken  and Jeff Skilling.  We talk with experts about the verdict and the aftermath of the Enron scandal.  On Reporter's Notebook, Britain's Tony Blair is back at the Bush White House, as both leaders face declining support.

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Enron Verdicts ()

The Enron case took four months to try, but the jury needed just 31 hours to reach its verdicts. Enron founder Ken Lay is guilty on all six counts of fraud and conspiracy in the loss of $60 billion from the collapse of his company.  Former CEO Jeffrey Skilling is guilty on 19 of 28 charges of fraud, conspiracy and insider trading. After sentencing on September 11, they could spend the rest of their lives in prison.  Attorney Dan Petrocelli promised "a full and vigorous appeal."  The Enron collapse cost $60 billion in corporate value; $2.1 billion in pensions and 5600 jobs.  We speak with federal prosecutors, former employees, and others about the latest development in a series of scandals that have rocked corporate America.

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Reporter's Notebook

The Future of the Anglo-American Alliance ()

In the five years after September 11 Tony Blair and George Bush formed a partnership that shaped world events. Today, British Prime Minister Tony Blair is back at the Bush White House, as both leaders face declining support in their own countries.  "Problems at home have turned both leaders from soaring hawks into the lamest of ducks." That's from a recent article in Economist magazine article by Foreign Editor Peter David.

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