definitions‚ such as: bribery‚ conspiracy‚ obstruction of justice‚ phone tapping‚ tax fraud‚ etc. However the above all watergate is synonymous with abuse of power. The exact reasoning a distraught economy four years two years after this scandal took place. The watergate scandal is one of the most infamous crimes to date in U.S history. The break-in took place early in the Watergate building in Washington D.C. one morning on June 17‚ 1972. There were several burglars arrested who allegedly
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National TV and lying to the public. Imagine that President then getting caught. This is the Scandal that caused the first ever resignation in United States History‚ Watergate. The Scandal involved approximately 70 people‚ but only 25 were actually found guilty. Many people who were found guilty were some of President Nixon’s top officials. Including G. Gordon Libby‚ John Dean‚ and H. R. Haldeman. The watergate scandal resulted in a loss of trust in the federal government‚ many people being found guilty
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Enron Scandal In 1985‚ Enron was formed by Kenneth Lay after the merging of Houston Natural Gas and InterNorth. In the 1990s‚ Lay helped to initiate the selling of electricity at market prices. Markets made it easier for Enron to sell energy at higher prices‚ which caused the company to get richer. Enron was the largest merchant of natural gas in 1992. In November 1999‚ the creation of EnronOnline enabled Enron to develop‚ negotiate and manage its trading business. By 2001‚ Enron became a
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Look younger‚ feel younger‚ is the new American obsession. Today in society adults want to be young again and are willing to do anything to achieve their youthful stages again. Youth can be a physical appearance as well as a mental state that is similar to that of a child. Why is it that American’s desire to be young again? After all‚ in our youth didn’t we all desire to become adults? The naivety of youth is so attractive to adults due to the stressful lives that adults lead in our era. The other
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PRIORITY DEVELOPMENT ASSISSTANCE FUND (PDAF) By: PEREZ‚ Chrysalyka C. I. INTRODUCTION PDAF or Priority Development Assistance Fund is a form of pork barrel which has been a very controversial issue in our country today. These are funds given or allocated to government officials in order to support and be spent on community projects and/or repairs and improvements. G. Luis Igaya of Institute for Popular Democracy defined pork barrel
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The Adelphia Scandal In 1952‚ John Rigas purchased his own cable company. By the late 1990’s‚ he had turned it into the sixth largest cable company in the United States with 5.6 million customers. The business was always run as a family style business which led to fraudulent acts among family members and upper level executives. The family has been accused of stealing $3.1 billion from Adelphia and is now facing criminal charges. Adelphia was forced to file chapter 11 bankruptcy and as of April
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The Watergate scandal had everything. Nixon disgraced the presidency by lying to the country and abusing his power and his committees were involved in illegal acts and a big cover up‚ all leading to little side roads of corruption and lies. Watergate is by far one of the worst presidential scandals in the history of the United States. In the story of Watergate‚ five burglars were found breaking into democratic offices at the Watergate complex in Washington DC. The break-in was passed off as just
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The Death Obsession of the Aztec The ancient Aztec civilization‚ considered one of the greater empires to have ever existed‚ was a society rich in practice and belief. Death among the Aztec was an integral part of their culture‚ and one could say it ruled over many of their more deep-rooted beliefs. There are several points I will bring up in an attempt to educate and prove to the reader that this is quite evident in this great civilization’s history. To begin‚ I will develop a brief history
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WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
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By: Leigh Overstreet THE WATERGATE SCANDAL Watergate is a hotel in Washington D.C. where the Democratic National Committee held their campaign headquarters. The current president at the time was Richard M. Nixon‚ who was involved in the scandal himself and which lead to the cause of his resignation. The Watergate scandal should not have happened‚ but it did and it caused the American people to judge less of their government system. The scandal began on June 17‚ 1972‚ with the arrest of five men
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