Securities and Exchange Commission
I know you’re shocked — SHOCKED! — that George Bush is listening in on all your phone calls. Without a warrant. That’s nothing. And it’s not news. This is: the snooping into your phone bill is just the snout of the pig of a strange, lucrative link-up between the Administration’s Homeland Security spy network and private companies operating beyond the reach of the laws meant to protect us from our government. You can call it the privatization of the FBI — though it is better described as the creation of a private KGB.
Scottish Power’s troubled takeover of United States electricity company Pacificorp is under further pressure this weekend. Veteran consumer campaigner Ralph Nader is preparing legal action to block it, while tougher limits on profits threatened by US regulators could make the deal unviable.