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News for Norther Colorado and the world

Wednesday, July 23, 2014

Posts Tagged ‘capitalism’

On This Day, December 2, 2001

On This Day, December 2, 2001

Enron files for bankruptcy On this day in 2001, the Enron Corporation files for Chapter 11 bankruptcy protection in a New York court, sparking one of the largest corporate scandals in U.S. history. An energy-trading company based in Houston, Texas, Enron was formed in 1985 as the merger of two gas companies, Houston Natural Gas and Internorth. Under chairman and CEO Kenneth Lay, Enron rose as high as number seven on Fortune magazine's list of the top 500 U.S. companies. In 2000, the ... Full Story

Would you like some salmonella with those eggs?

Would you like some salmonella with those eggs?

In recent congressional hearings, the people responsible for this year's major salmonella poisoning of at least 1600 people were questioned about the unsanitary practices at their farm. As usual, they tried to play down their responsibility. The FDA reports, available online as pdf files outline the disgusting filth at these "farms." A recent article in Care2, an online semi-news source gives a good rundown on the situation. This is a prime example of unbridled, unrestrained capitalism ... Full Story

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