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United States, North Carolina, Carrboro, English, Paul, Male, 56-60, All Music, All Food.

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Tuesday, August 12, 2003

News for people with short attention spans   Just three of the macho-but-cutesy named strategies Kenny Boy (say, what ever became…) and His Maerrie Thieves used to bilk the taxpayers of California in early 2001 and precipitate the fiscal crisis leading to the recall vote of the totally unlikable but legitimately elected Governor Gray Davis. Someone ought to appoint an Executive Commission to look into these frauds. Oh wait, they already did! Whatever happened to that? Who cares? The circus has come to town!   ·  "Death Star": Enron would overschedule its expected power transmissions to create the illusion that the state's grid would be overloaded, then receive state payment for "relieving" the congestion. The beauty of this con, the company's memos noted, is that "Enron gets paid for moving energy to relieve congestion without actually moving any energy or relieving any congestion." It's the sort of protection deal that would make Tony Soprano proud.   ·  "Fat Boy": This scam (aka "Inc-ing") also involved overscheduling power transmission -- for example, to a company subsidiary that didn't really need all of it. Then Enron would sell the "excess" power to the state at a premium.   ·  "Ricochet": Also called "megawatt laundering" (by analogy to money laundering), Ricochet was the power equivalent of a real-estate land flip: buy in-state power cheaply, flip it out-of-state to an intermediary, then re-sell it to California at a highly inflated "imported" price. 3:31:45 AM    comment []

Running for President, yes I am, catch me before I change the subject. Strike that, my mouth is running for President, my ass is running from responsibility. Sometimes they crisscross or spiral like shiny strands of DNA. My platform is simple but don’t try to pin me down. Pay close attention to me when I wink because my agenda is so hidden that even I don’t know what it is. I support our troops when they make boom-boom on TV and make me look good, but not when they ask for benefits, food, or water - so they don’t die from heat stroke, whining bastards. Boom-boom good; thirst bad. Good problems can be solved by making boom-boom or cutting taxes; bad problems are someone else’s fault. Everything will be fine as long as there is someone to blame. I’m running for President, yes I am, catch me if you can. You can’t catch me; I’m the gingerbread man. 2:34:41 AM    comment []