Jeff Skilling Speaks Out

Jeff Skilling Speaks Out.
Fortune magazine carries a prison interview with the former CEO of Enron.

Regime Uncertainty.

Washington Post columnist Robert Samuelson is beginning to realize that demonizing business makes people reluctant to do business. “Given the housing and financial carnage, most of today's cautiousness and risk aversion-by both businesses and households-were unavoidable. But the Obama administration's anti-business rhetoric and controversial health ‘reform’ may have compounded the effect. These created uncertainties and, in the case of health ‘reform,’ raised the cost of future full-time employees. The administration believes these policies don't jeopardize the economic recovery. Historians may conclude that the goals were at cross-purposes.”

The Gulf Spill

According to a report in the NYT: “Worries about BP’s financial prospects have prompted Congress and the Obama administration to demand that BP suspend its $10.5 billion in annual dividends to shareholders and set aside as much as $20 billion in a special account to pay cleanup costs and claims. Although BP has insisted it can pay all spill costs and still pay the dividends, the price of BP shares fell an additional 10 percent in New York trading on Monday.”

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