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Accounting for Misunderstanding
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Press Release

Accounting for Misunderstanding

In the swirl of the political drama that has engulfed Washington, D.C. it seems that some of our nation’s leaders have forgotten, or do not know, that accounting deceptions are not responsible for business failures. On the contrary, accounting gimmickry, duplicity, and outright fraud are used to conceal them. Thus it seemed a bit odd when Senator Tom Daschle (D-S.D.) and Rep. Richard Gephardt (D-Mo.) appeared Tuesday with former employees of Enron and WorldCom to announce their plan for an “Investors Bill of Rights” to expand government oversight of corporate governance, accounting, and pensions.

07/09/2002
Moral Character and Proper Incentives
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Press Release

Moral Character and Proper Incentives

Does anyone in America want their kid to grow up to be just like Ken Lay, Bernie Ebbers or Jeffrey Skilling? Hopefully, after the civil suits strip these and other corporate thieves of their stolen wealth and criminal courts make them spend real time in a real jail, the lasting price these people will pay is that their names are forever synonymous with sleaze.

07/09/2002
Can Washington Boost Investor Confidence?
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Press Release

Can Washington Boost Investor Confidence?

Washington loves a crisis, and the recent spate of corporate misdeeds has the city buzzing with a sense of urgency or the need to “do something.” Unfortunately, much of the concern appears driven by political posturing rather than an insightful examination of the accounting standards that govern corporate behavior. While the crisis in corporate governance is real, a rash attempt to fix the problem through more regulation may do more harm than good. Grandstanding politicians may harangue their counterparts in corporate America, but they actually have more in common than they would care to admit: exploiting opportunities for personal gain rather than seeking to serve the public.

07/09/2002
Statement by Peggy Venable, Director of Texas CSE, on TFN Attempts to Censor Citizen Input On Texas Textbooks
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Press Release

Statement by Peggy Venable, Director of Texas CSE, on TFN Attempts to Censor Citizen Input On Texas Textbooks

The Texas Freedom Network, the organization that supports banning the Pledge of Allegiance from classrooms, is making allegations of textbook censorship. But it appears they are attacking their own "hero." Last year, that so-called "freedom network" presented SBOE Chairman Grace Shore with the organization's first "Hero Award".

07/09/2002
Groups spar over what goes in history textbooks
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Groups spar over what goes in history textbooks

BY CONNIE MABIN

 The fight over what material goes into Texas social studies textbooks heated up Tuesday when several groups accused each other of trying to push their political and religious agendas on public school students. Texas, which has about 4.1 million students in its public school system, adopts new social studies books every eight years. The state will spend $344.7 million on the textbooks, which will be used in classrooms in 2003.

07/09/2002
Unleash Broadband
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Press Release

Unleash Broadband

As Published in the July 8, 2002 edition of the Wall Street Journal WorldCom's impending $40 billion bankruptcy should galvanize Washington to this simple fact: For the last two years we have suffered not a mild recession but a technology depression. With 34 major bankruptcies so far and 24 more expected, the collapsing communications industry -- 17% of the economy -- is the prime source of a $4 trillion dollar decline in the net worth of U.S. households.

07/08/2002
Easley is Using 65 to Run His Office
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Press Release

Easley is Using 65 to Run His Office

It takes a lot of manpower and a lot of money to help Mike Easley run the governor’s office in North Carolina. Figures released to The Daily Record by the Office of State Personnel show that as of June 4, Gov. Easley had 65 on his staff and a payroll of $3,169,448 in salaries alone. You can add perhaps another 40 per cent to that figure for vacations, health insurance, sick leave, travel and other benefits. And that doesn’t include the cost of office space, furnishings, computers, supplies, telephone, automobile expenses and a myriad of other costs.

07/08/2002
A Bummed Out Conservative
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Press Release

A Bummed Out Conservative

This week – Due to the intense work by the committees in Congress this week, the House floor is actually quite quiet. The House Appropriations Committee is expected to mark up four separate bills. These are the Interior, Legislative Branch, Agriculture and Treasury, Postal. The bills themselves should be on the House floor during the next two weeks. In addition, over a dozen House committees are working on the development of the new Homeland Security Agency. House Leadership would like to have a final bill passed by the August recess, which begins July 29th. That means they have only three short weeks to create the outlines of the biggest government change in decades.

07/08/2002
Taxes on table pinch the poor
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Taxes on table pinch the poor

BY Amy Gardner

When the dust settles on the state's second stormy budget season in a row, North Carolinians could pay more taxes than they did before -- and the state's lower- and middle-income families could fare the worst.

07/07/2002
Taxes on table pinch the poor
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Taxes on table pinch the poor

BY Amy Gardner

When the dust settles on the state's second stormy budget season in a row, North Carolinians could pay more taxes than they did before -- and the state's lower- and middle-income families could fare the worst.

07/07/2002

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