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Associated Press:
Lay, Skilling convicted in Enron collapse — HOUSTON - Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history.
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CNN:
Lay and Skilling guilty — Ex-CEO and founder convicted on fraud and conspiracy charges in Enron case. — HOUSTON (CNNMoney.com) - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
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New York Times:
Enron Chiefs Guilty of Fraud and Conspiracy — HOUSTON, May 25 — Kenneth L. Lay and Jeffrey K. Skilling, the chief executives who guided Enron through its spectacular rise and even more stunning fall, were found guilty today of fraud and conspiracy in a case that led the parade of corporate scandals …
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Carrie Johnson / Washington Post:
Jury Convicts Enron's Skilling and Lay — HOUSTON, May 25 — A federal jury today convicted former Enron chairman Kenneth L. Lay of each of the six counts with which he was charged and convicted his protege Jeffrey K. Skilling of 19 of 28 counts, holding the top executives accountable for fraud on their watch.
Mark Babineck / Houston Chronicle:
ENRON JURORS FIND LAY, SKILLING GUILTY — A federal jury convicted former Enron chiefs Ken Lay on all counts and Jeff Skilling on most counts today, marking the climax of one of the most notorious corporate scandals in U.S. history and nearly ensuring prison time for two of Houston's best-known executives.
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Steve Bainbridge / ProfessorBainbridge.com:
Lay and Skilling Convicted: Ongoing Reaction — From CNN: … Many thoughts, updated periodically and in no particular order: — Another victory for prediction markets: As I wrote back in April: "The latest contract at Tradesports for Lay to be convicted on at least 4 counts was 65.5 …
Charles Lane / Washington Post:
Breach Was More of the Spirit, Not the Letter, of the Constitution — The FBI raid on Rep. William Jefferson's congressional office was an aggressive tactic that broke a long-standing political custom. But while it might violate the spirit of the Constitution, it might not violate the letter …
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New York Times, Captain's Quarters, RedState, A Chequer-Board of Nights … and California Conservative
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Brian Ross Reports / The Blotter:ABC News Update on Hastert Story
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Murray Waas / National Journal:
Rove-Novak Call Was Concern To Leak Investigators — On September 29, 2003, three days after it became known that the CIA had asked the Justice Department to investigate who leaked the name of covert CIA officer Valerie Plame, columnist Robert Novak telephoned White House senior adviser Karl Rove …
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R. Jeffrey Smith / Washington Post:
Libby Told Grand Jury Cheney Spoke of Plame — Vice President May Be Called as Witness — Vice President Cheney was personally angered by a former U.S. ambassador's newspaper column attacking a key rationale for the war in Iraq and repeatedly directed I. Lewis "Scooter" Libby …
Josephine Hearn / The Hill:
Pelosi move triggers revolt — Furious black lawmakers, rallying behind Rep. William Jefferson (D-La.), were pulled back from the brink of open revolt against House Minority Leader Nancy Pelosi (D-Calif.) in an emergency meeting with her yesterday. — The meeting with a handful of CBC members …
David S. Broder / Washington Post:
The Shadow of a Marriage — The two sides of Hillary Rodham Clinton — the opposites that make her potential presidential candidacy such a gamble — came into sharp focus Tuesday morning at the National Press Club. — For the better part of an hour, the senator from New York held forth …
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Mohammed Daraghmeh / Associated Press:
Abbas stuns Hamas with talk of referendum — RAMALLAH, West Bank - Palestinian President Mahmoud Abbas said Thursday he will call a national referendum on accepting a Palestinian state alongside Israel if Hamas does not agree to the idea within 10 days. — Abbas' surprise announcement …
National Journal:
Justice Department Probe Foiled — An internal Justice Department inquiry into whether department officials — including Attorney General Alberto Gonzales and then-Attorney General John Ashcroft — acted properly in approving and overseeing the Bush administration's domestic eavesdropping program …
Reuters:
Q1 GDP growth fastest in 2-1/2 years —Text+WASHINGTON (Reuters) - The U.S. economy shot forward at an upwardly revised 5.3 percent annual rate in the first quarter, the fastest growth in 2-1/2 years, as companies built up inventories and exports strengthened, a Commerce Department report on Thursday showed.
David Leonhardt / New York Times:
This Glass Is Half Full, Probably More — HERE is a political Rorschach test for this midterm election year. What's your reaction to the following: — These are the best of times in many ways. Americans are wealthier than previous generations, they are healthier and they enjoy a higher standard of living.
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