Tuesday, February 15, 2005

Schwarzenegger Updates

from the King of Zembla, Sunday:

"Long-Range Planning"

(1)2003: Schwarzenegger still won't respond to questions about why he was at the Peninsula Hotel in Beverly Hills two years ago where he, former Los Angeles Mayor Richard Riordan and junk-bond king Michael Milken met secretly with former Enron chairman Kenneth Lay, who was touting a plan for solving the state's energy crisis
Bush agreed to meet with Davis at the Century Plaza Hotel in West Los Angeles on May 29, 2001, five days after Lay met with Schwarzenegger, to discuss the California power crisis.

At the meeting, Davis asked Bush for federal assistance, such as imposing federally mandated price caps, to rein in soaring energy prices. But Bush refused, saying California legislators designed an electricity market that left too many regulatory restrictions in place and that's what caused electricity prices in the state to skyrocket...
(2)Here's the story Arnold doesn't want you to hear. The biggest single threat to Ken Lay and the electricity lords is a private lawsuit filed last year[i.e., 2002- HZ] under California's unique Civil Code provision 17200, the "Unfair Business Practices Act." This litigation, heading to trial now in Los Angeles, would make the power companies return the $9 billion they filched from California electricity and gas customers . . .

So the Bush commissioners cook up a terrific scheme: charge the companies with conspiracy but offer them, behind closed doors, deals in which they have to pay only 2 cents on each dollar they filched. Problem: the slap-on-the-wrist refunds won't sail if the governor of California won't play along. Solution: Recall the Governor.

Peter Byrne has a Schwarzenegger story in today's Salon:

"The truth about Arnold":

...overall, people bought into his seeming moderation -- fully two-thirds of the state's general public favored his governorship. No California governor in modern times has enjoyed such a broad-based mandate to tinker with the government of the world's fifth-largest economy.

But with his defiantly immoderate State of the State speech in early January, when he proposed to drastically cut back education and social services in lieu of taxing the rich, Schwarzenegger blindsided liberal Californians with his nakedly Republican agenda.

Zembla quotes "Arnold's Enron Connection", Jason Leopold, Utne, (1)

"Arnold's Enron Secret," Greg Palast, Alternet.Org, (2)

and also these two San Francisco Chronicle articles: here, and here.