It was only the beginning of the end, but by the time it was done, one of the greatest success stories of American business would be revelaed to be one of the greatest lies in American business. Enron was an energy provider originally based in Houston, Texas, but which grew to become an international titan with interests in gas, electricity and even non-energy fields such as communications. It was lauded for its innovations in business.
However, it turned out that the most innovative thing about them was their interesting new accounting practices: Enron’s single greatest contribution to the history of American business was their creative – and illegal – account keeping. By the time the SEC concluded their investigation, Enron would have declared bankruptcy and their director, Ken Lay, would be convicted on ten counts of assorted frauds. He died of a heart attck before he commenced his prison sentence.
The Yucca Mountain Nuclear Waste Depository is exactly what it sounds like: a facility located inside Yucca Mountain, Nevada. It was exhaustively researched as a potential facility throughout the eighties and nineties, and finally given the go ahead in 2002. It is intended that it be a safe place to store radioactive materials for up to a million years (the longest anticipated time for the materials in question to remain radioactive).
Although construction has commenced, there have been numerous delays, and the Obama administration has repeatedly cut the funds available for the project, which is now unlikely to be ready for use before 2020.
Bunny Greenhouse was a rising star in the United States Army Corps of Engineers until the year 2000. Suddenly, under a new CO, her previously spotless performance appraisals were less so, something Greenhouse attributes to racism and sexism (claims which the US Army is yet to investigate).
In 2005, she testified before a public committee hearing of the Democratic Party regarding the Army’s deals with Halliburton, in particular with regard to waste, inefficiency, fraud, abuse of power and general corruption. Naturally, this led to the end of her military career, as the Bush White House apparently believed that free speech was something whistleblowers should be made to pay for.
Her actual words that day were an indictment of Halliburton, and by extension, the political, military and economic climate in which that company thrives: she described Halliburton’s dealings as “the most blatant and improper contract abuse I have witnessed during the course of my professional career.”