And this week marks 10 years since Enron declared bankruptcy. At the time, 4,000 employees at the company's headquarters in Houston were given 30 minutes to clean out their desks and leave the building.
Andrew Schneider, of member station KUHF, sent us this report on how Enron employees and the city have coped with the company's demise.
ANDREW SCHNEIDER, BYLINE: In Houston, many of the physical signs of Enron's presence remain, even if the name and tilted E logo are long gone.
And today's last word in business is lost luxury. Maybach cars are in a rarified niche market called ultra-luxury, for those for whom luxury is not enough. Maybach, the historic brand now owned by Daimler, is made for customers who can pay $400,000 for a car, and who appreciate touches like back seats that recline - back seats, that is - laser-engraved motifs in the armrest and black lacquer trim. Rappers like Kanye and Jay-Z have immortalized the car in their rhymes.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne.
Hillary Clinton begins a visit to Myanmar today, the first by a U.S. secretary of state, to that reclusive country, in half a century. Myanmar, long known as Burma, has been notorious for its repressive rule. In recent months, there have been signs of reform. Clinton says she's testing the waters to see how real those changes are.
The British government continues investigating the phone-hacking scandal at newspapers owned by Rupert Murdoch. More than a dozen journalists and editors have been arrested, top police and media executives have lost their jobs and an official ethics investigation may challenge the whole idea that the British press can regulate itself. And then, a former features editor for one of Murdoch's papers stole the show at a government hearing yesterday.
And let's follow-up now on yesterday's news that American Airlines filed for Chapter 11 bankruptcy protection. It's part of an effort to cut debt and reduce labor costs. NPR's Sonari Glinton reports on what a post-bankruptcy American Airlines might look like.
SONARI GLINTON, BYLINE: During the economic downturn, American Airlines already pared down its work force. Analysts don't think there will be massive layoffs this time.
AARON GELLMAN: Many elements of labor are going to pay a terrible price for this.
The fair-trade movement, which pays premiums to farmers in developing countries for meeting social and environmental standards, is growing quickly, and contentiously. The nation's largest fair-trade certifying agency has split from its international partner, hoping to expand the program to plantation-grown coffee. Some coffee sellers say the agency is just lowering standards to benefit corporate coffee companies, and consumers will be left confused.
Michael Jackson's personal physician has been sentenced to four years in prison for his role in the pop icon's death in 2009. Because of overcrowding in California's state prisons, Murray will serve his sentence in a downtown jail.
Syracuse coach Jim Boeheim (above), two days after sexual abuse allegations against a former assistant were made public, and Detroit Mayor Dave Bing (below), during a youth leadership event last year, played alongside each other in the 1960s.
Originally published on Tue November 29, 2011 11:01 pm
It is not uncommon for outstanding athletes to succeed in later life, but it is rare for teammates, literally playing side by side, both to be in the spotlight almost half a century later.
But such is the case with two old boys from Syracuse, who were roommates as freshmen, went on to become the starting backcourt, saw their lives diverge after college — and now, at an age when most men have retired, are facing two very different but very painful challenges in the professions they've chosen, in the places they love.
In Iran on Tuesday, students and other protesters stormed the British Embassy in the capital Tehran, smashing windows, throwing firebombs and burning the British flag. The crowd had gathered at the embassy to protest new severe economic sanctions imposed by Britain, cutting off all banking with Iran. Renee Montagne talks with Washington Post reporter Thomas Erdbrink, who is in Tehran.