February 2006: Journalist.
Role Name Type Last Updated Employee/Freelancer/Contractor (past or present) Washington Post Source Oct 1, 2006
Articles and Resources
Date Fairness.com Resource Read it at: Oct 01, 2006 Unwarranted: In Most Cases, Extended Product Service Plans Don't Benefit Consumers
QUOTE: the cashier asks if you'd like to put another two years on the manufacturer's warranty....While consumer groups and common sense would urge you to resoundingly reject the offer, an entire industry has been built on the likelihood that you will act on impulse and say, "Yes."
Washington Post Jul 26, 2006 Court Finds Subterfuge in D.C. Bank Battle: Independence Used Front Group, Misled Investors to Hold Off Dissident Shareholder, Judge Rules
QUOTE: Independence Federal Savings Bank officials created a front group to influence shareholders and secretly offered to buy out one large investor in exchange for his support in a racially tinged battle last year for control of the historically black D.C. thrift...
Washington Post May 13, 2006 NSA Program Further Blurs Line on Privacy: Consumers Grow Accustomed to Surrendering Personal Data
QUOTE: Phone companies know every number we dial. Grocery stores watch what we buy, search engines track what we look for on the Internet, banks count each penny we deposit or withdraw. All of that information could become available to the government as it works to thwart terrorist activity.
Washington Post Apr 08, 2006 Mutual Fund Board Rule Thrown Back to SEC
QUOTE: A 2004 rule requiring that mutual fund boards be independent was thrown into limbo yesterday by a federal appellate court, which ruled that the Securities and Exchange Commission must reexamine the basis for its rulemaking. The rule, which required that the chairman and at least three-quarters of a mutual fund's directors to be independent of management, was one of the most controversial regulations to emerge from the mutual fund trading scandals, in which some funds were managed to benefit a few rather than the majority of shareholders.
Washington Post Mar 21, 2006 Developer Broadens Financial Review: Mills Share Price Falls Below $33
QUOTE: Mills had previously disclosed errors that will cause it to file accounting restatements for the past five years. In a Securities and Exchange Commission filing Friday, the company said an investigation by the company's independent directors is reviewing additional problems that raise the question of whether Mills improperly recognized revenue and counted some expenses as capital costs, actions that would directly have an impact on the profit it reported to investors.
Washington Post Mar 12, 2006 Electricity Deregulation: High Cost, Unmet Promises: Competition a 'Myth' as Prices Spiral Upward
QUOTE: At the time, in 1999, evangelists for deregulation described a competitive, efficient and lower-priced system of energy delivery that, for the most part, remains a fantasy in the Mid-Atlantic region and other parts of the country today...
Washington Post Feb 24, 2006 Growth of Financial Manager's Power 'Undermined' Checks and Balances
QUOTE: The Sarbanes-Oxley Act of 2002 required audit committee members on boards of directors to do exactly what Gerrity did in calling Rajappa: get the facts himself. Gerrity, a seasoned executive, wanted to know more about criticism he was hearing from Fannie regulators about outdated, non-integrated accounting systems that required corrections to be typed in by hand. But to Howard, who tightly controlled what -- and how -- information was presented to the board, such end runs were a threat to his authority.
Washington Post Feb 13, 2006 This Sunshine's Liable to Leave Burns
QUOTE: Thanks to a scandal involving a politically connected Ohio coin dealer, a number of venture capital and corporate buyout firms...risk having vital information about their investments released to the world.
Washington Post Jan 30, 2006 Excavations in Accounting: To Monitor Internal Controls, Firms Dig Ever Deeper Into Their Books
QUOTE: The 2002 Sarbanes-Oxley Act was meant to improve corporate accounting with its threat of criminal penalties for executives. But by upping the consequences for mistakes, it also has created an environment of near-constant internal review...
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