This week's news...
"In a statement Monday, Vivendi said the U.S. Attorney's Office in New York opened a preliminary criminal investigation in coordination with the SEC in Miami, which had been conducting an informal inquiry of its own." -Reuters
So Vivendi (owner of Universal Studios) is in trouble for hiding their horrible finances. How ironic that one of our biggest film studios is owned by a French sewage company.
I had just read an unrelated article about Vivendi recently, in a piece about the privatization of water. Not many people talk about this, although it has been a big issue with the World Bank (they basically take control of third world water in order for those countries to pay off debts to the World Bank). The water here in Atlanta is privatized and is unsafe to drink (Philly water was no picnic either - but it was still much safer to drink than the water down here).
Our water in Atlanta is controlled by a company called United Water, owned by Suez. Suez and Vivendi are the two largest corporations with control over water. Around the world Vivendi has taken control of the water supplies in different parts of 100 countries! Can you imagine your water being some shady corporation's bottom line? Privatization was expected to have better results than government management, but so far it has been a huge failure.
Isn't this stuff interesting? :)