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By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70MEUDON (França)--(BUSINESS WIRE)--nov 21, 2024-- A inteligência artificial é o tema central da Semana Europeia de Cibernética deste ano, que ocorre de 19 a 21 de novembro em Rennes (França). Em um desafio organizado para coincidir com o evento pela Agência de Inovação de Defesa (AID) da França, as equipes da Thales desenvolveram com sucesso um metamodelo para detectar imagens geradas por IA. À medida que o uso de tecnologias de IA ganha força, e em um momento em que a desinformação está se tornando cada vez mais predominante nos meios de comunicação e impactando todos os setores da economia, o metamodelo de detecção de deepfake oferece uma maneira de combater a manipulação de imagens em uma grande variedade de casos de uso, como a luta contra a fraude de identidade. Este comunicado de imprensa inclui multimédia. Veja o comunicado completo aqui: https://www.businesswire.com/news/home/20241120748438/pt/ (c)Thales As imagens geradas por IA são criadas usando plataformas de IA, como Midjourney, Dall-E e Firefly. Alguns estudos previram que, dentro de alguns anos, o uso de deepfakes para roubo de identidade e fraude poderia causar enormes perdas financeiras. A Gartner estimou que cerca de 20% dos ataques cibernéticos em 2023 provavelmente incluíram conteúdo deepfake como parte de campanhas de desinformação e manipulação. Seu relatório 1 destaca o uso cada vez maior de deepfakes em fraudes financeiras e ataques avançados de phishing. “ O metamodelo de detecção de deepfake da Thales aborda o problema de fraude de identidade e as técnicas de morphing ” 2 , disse Christophe Meyer, especialista sênior em IA e CTO da cortAIx, a aceleradora de IA da Thales . “ A agregação de vários métodos usando redes neurais, detecção de ruído e análise de frequência espacial nos ajuda a proteger melhor o número crescente de soluções que exigem verificações de identidade biométrica. Trata-se de um avanço tecnológico notável e uma prova da experiência da unidade de pesquisa em IA da Thales. ” O metamodelo da Thales usa técnicas de aprendizado de máquina, árvores de decisão e avaliações dos pontos fortes e fracos de cada modelo para analisar a autenticidade de uma imagem. Ele combina vários modelos, entre eles: A equipe da Thales por trás da invenção faz parte da cortAIx, a aceleradora de IA do Grupo, que tem mais de 600 profissionais de pesquisa e engenharia de inteligência artificial, sendo que 150 estão no cluster de pesquisa e tecnologia de Saclay, ao sul de Paris, e trabalham em sistemas de missão crítica. A equipe de Friendly Hackers desenvolveu uma caixa de ferramentas chamada BattleBox para ajudar a avaliar a solidez dos sistemas baseados em inteligência artificial diante de ataques projetados para explorar as vulnerabilidades intrínsecas de diferentes modelos de IA (incluindo os modelos de linguagem de grande escala), como ataques adversários e tentativas de extrair informações confidenciais. Para combater esses ataques, a equipe desenvolve contramedidas avançadas, como desaprendizagem, aprendizagem federada, marca d'água de modelos e fortalecimento de modelos. Em 2023, a Thales demonstrou sua experiência durante o desafio da CAID (Conferência sobre Inteligência Artificial para Defesa) organizado pela Agência de Compras de Defesa (DGA) da França, que consistia em encontrar dados de treinamento de IA mesmo depois de terem sido excluídos do sistema para proteger a confidencialidade. Sobre a Thales A Thales (Euronext Paris: HO) é uma líder mundial em tecnologias avançadas, especializada em três áreas de negócios: Defesa e Segurança, Aeronáutica e Espaço e Segurança Cibernética e Identidade Digital. O Grupo desenvolve produtos e soluções que ajudam a fazer do mundo um lugar mais seguro, ecológico e inclusivo. A Thales investe cerca de 4 bilhões de euros por ano em Pesquisa e Desenvolvimento, especialmente em áreas-chave de inovação, como IA, segurança cibernética, tecnologias quânticas, tecnologias de nuvem e 6G. Com 81 mil funcionários em 68 países, O Grupo gerou vendas de €18,4 bilhões em 2023. ACESSE Thales Group Defence Thales Developing AI systems we can all trust | Thales Group 1 Relatório 2023 da Gartner sobre riscos emergentes de segurança cibernética. 2 O morphing envolve a transformação gradual de um rosto em outro em fases sucessivas, modificando os traços visuais para criar uma imagem realista que combine elementos de ambos os rostos. O resultado final parece uma mistura das duas aparências originais. O texto no idioma original deste anúncio é a versão oficial autorizada. As traduções são fornecidas apenas como uma facilidade e devem se referir ao texto no idioma original, que é a única versão do texto que tem efeito legal. Ver a versão original em businesswire.com : https://www.businesswire.com/news/home/20241120748438/pt/ CONTACT: Marion Bonnet Gerente de RP da Thales Marion.bonnet@thalesgroup.com +33660384892 KEYWORD: FRANCE EUROPE INDUSTRY KEYWORD: APPS/APPLICATIONS ONLINE PRIVACY TECHNOLOGY SECURITY OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Thales Copyright Business Wire 2024. PUB: 11/21/2024 06:42 PM/DISC: 11/21/2024 06:42 PM http://www.businesswire.com/news/home/20241120748438/pt

NEWCASTLE, England (AP) — Newcastle’s winning run in the English Premier League came to an abrupt end when goals from Thomas Souček and Aaron Wan-Bissaka gave West Ham a surprise 2-0 win at St. James’ Park on Monday. The Hammers rose into 14th place and the pressure on coach Julen Lopetegui was eased. The London club has been inconsistent all season and Monday’s win was just its fourth in 12 league games. West Ham was worth it in the end but the three points came courtesy of slack defending by the home side. Emerson whipped in an out-swinging corner after 10 minutes and, with Newcastle defenders rooted to the spot, Souček stole in to nod home the opener. Then eight minutes into the second half, captain Jarrod Bowen found Wan-Bissaka in the penalty box and he was left unchallenged and had time to fire an angled drive past Nick Pope. “The second goal ... if you settle on a lead it can come back to haunt you,” Bowen said. Newcastle brought on Harvey Barnes, and then Callum Wilson returned from a long-term back injury to make his first appearance of the season, but to no avail. “I said we needed a performance and we did that," Bowen said. “Newcastle always score at home so to keep them to a clean sheet and score twice ... it’s a tough place to come to. We did that perfectly.” The defeat ended a three-game winning streak for Newcastle and left the Saudi Arabia-owned club in ninth place, four points outside the top four. AP soccer: https://apnews.com/hub/soccerKaleb Johnson rushes 35 times for 164 yards in Iowa's 29-13 victory over Maryland

Is Enron back? If it’s a joke, some former employees aren’t laughing

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Browns get 497-yard performance from QB Jameis Winston and lose anyway in season long gone sourShares of T-Mobile US Inc. .css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:rgba(54,119,168,1);border-bottom:1px solid;border-bottom-color:rgba(54,119,168,1);}.css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link.css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link svg{fill:rgba(54,119,168,1);}.css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;color:rgba(47,112,157,1);border-bottom:1px solid;border-bottom-color:rgba(47,112,157,1);}.css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link:hover.css-321ztr-OverridedLink.css-321ztr-OverridedLink:any-link:hover svg{fill:rgba(47,112,157,1);} .css-1vykwuz-OverridedLink{display:inline;color:var(--color-interactiveLink010);-webkit-text-decoration:underline;text-decoration:underline;}@media screen and (prefers-reduced-motion: no-preference){.css-1vykwuz-OverridedLink{transition-property:color,fill;transition-duration:200ms,200ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}@media screen and (prefers-reduced-motion: reduce){.css-1vykwuz-OverridedLink{transition-property:color,fill;transition-duration:0ms;transition-timing-function:cubic-bezier(0, 0, .5, 1),cubic-bezier(0, 0, .5, 1);}}.css-1vykwuz-OverridedLink svg{fill:var(--color-interactiveLink010);}.css-1vykwuz-OverridedLink:hover:not(:disabled){color:var(--color-interactiveLink020);-webkit-text-decoration:underline;text-decoration:underline;}.css-1vykwuz-OverridedLink:hover:not(:disabled) svg{fill:var(--color-interactiveLink020);}.css-1vykwuz-OverridedLink:active:not(:disabled){color:var(--color-interactiveLink030);-webkit-text-decoration:underline;text-decoration:underline;}.css-1vykwuz-OverridedLink:active:not(:disabled) svg{fill:var(--color-interactiveLink030);}.css-1vykwuz-OverridedLink:visited:not(:disabled){color:var(--color-interactiveVisited010);-webkit-text-decoration:underline;text-decoration:underline;}.css-1vykwuz-OverridedLink:visited:not(:disabled) svg{fill:var(--color-interactiveVisited010);}.css-1vykwuz-OverridedLink:visited:hover:not(:disabled){color:var(--color-interactiveVisited010);-webkit-text-decoration:underline;text-decoration:underline;}.css-1vykwuz-OverridedLink:visited:hover:not(:disabled) svg{fill:var(--color-interactiveVisited010);}.css-1vykwuz-OverridedLink:focus-visible:not(:disabled){outline-color:var(--outlineColorDefault);outline-style:var(--outlineStyleDefault);outline-width:var(--outlineWidthDefault);outline-offset:var(--outlineOffsetDefault);}@media not all and (min-resolution: 0.001dpcm){@supports (-webkit-appearance: none) and (stroke-color: transparent){.css-1vykwuz-OverridedLink:focus-visible:not(:disabled){outline-style:var(--safariOutlineStyleDefault);}}}.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:rgba(54,119,168,1);border-bottom:1px solid;border-bottom-color:rgba(54,119,168,1);}.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link svg{fill:rgba(54,119,168,1);}.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link:hover{-webkit-text-decoration:none;text-decoration:none;color:rgba(47,112,157,1);border-bottom:1px solid;border-bottom-color:rgba(47,112,157,1);}.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link:hover.css-1vykwuz-OverridedLink.css-1vykwuz-OverridedLink:any-link:hover svg{fill:rgba(47,112,157,1);} TMUS inched 0.01% higher to $244.85 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.05% to 6,049.88 and the Dow Jones Industrial Average DJIA falling 0.17% to 44,705.53. T-Mobile US Inc. closed $3.30 below its 52-week high ($248.15), which the company achieved on November 27th.

By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70‘Cheese, chocolate and other sweet treats’: A chef’s diet rated by a dietitianThe Stock Exchange of Thailand (SET) is to ask the Ministry of Finance to exempt the retrospective tax for merger and acquisition (M&A) deals of listed companies, as part of its moves to boost the sluggish domestic exchange. It also aims to push the Thai stock market as a listing hub for flagship businesses in sectors with the potential to grow, such as healthcare, data centres, and food and beverage. The Jump+ project will be launched next year to boost market capitalisation. SET president Asadej Kongsiri said during an interview with the Bangkok Post that listed companies are considering acquiring businesses outside the stock market, but they are concerned over potential negative consequences. "In the process of business expansion, there may be a merger along the way and sometimes the companies on the SET want to acquire non-listed peers," he said. Consequently, the SET is preparing to ask for support from the Ministry of Finance by avoiding retrospective tax collection for those businesses pursuing M&As. "That would help companies expand and grow to their goals faster without being afraid of having their accounting audited retrospectively," said Mr Asadej. These companies would grow, and that will allow the government to collect more tax revenue in the future. In turn, it would let more companies enter the official tax system, he added. JUMP+ PROJECT Mr Asadej revealed that the SET aims to increase the value of stocks and the market capitalisation of the Thai bourse through the Jump+ project, which is similar to a successful initiative by South Korea's stock exchange. Currently, there are more than 800 companies listed on the Thai bourse, with a market cap of roughly 17 trillion baht. Several companies have a large amount of assets and cash, with only a small portion of debt. Nonetheless, they do not have a plan to expand their business. "These companies are classified as having a lazy balance sheet, but they have growth potential," Mr Asadej noted. If a listed company has developed a business expansion plan and future investment, they will be able to increase their stock value, whether they grow in their current business or a new business. The Jump+ initiative is a growth acceleration platform designed to enhance the value creation journey of high-potential listed firms across the Thai capital market. Through this voluntary programme, the SET will empower listed companies by driving operational excellence, advancement in ESG (environmental, social and governance), and adoption of analytical tools and artificial intelligence (AI). Participants will gain access to advisory services and communication channels to enhance market visibility, along with benefits and incentives from the SET, government agencies and partners. The SET will also introduce a new index tracking the performance of successful Jump+ companies and provide analysis reports in partnership with the Investment Analysts Association to support their investment decisions. A group index, possibly called the SET Jump Plus Index, would be set up if a large number of companies participated in the programme, noted Mr Asadej, adding that this initiative would be implemented from the first half of 2025. LISTING HUB According to the president, the SET aims to be a listing hub for flagship Thai businesses, or industries that have strengths and high growth potential, and that are in investment trends. Target businesses include healthcare, wellness, data and cloud centres, and electronic parts. "We are preparing to meet with relevant agencies, including the Board of Investment, the Finance Ministry, and foreign embassies to help attract companies from all over the world to invest in Thailand," Mr Asadej said. "This is a long-term plan that may not be completed in my term. But it must be started to put the Thai stock market in the spotlight and increase the bourse's potential in the long term." Additionally, information spreads through social media and various other channels very quickly nowadays. They contain both the truth and untruths. Therefore, proper and effective communication and warnings provided to investors must be carried out more quickly. He added that the SET is considering the use of AI to help analyse small stocks to provide investors with better information for their investment decisions. One of the pain points nowadays is that investors can only see analysis of large stocks. It is not worth it for brokers to analyse smaller stocks that investors do not trade often. "Now there is technology that can do it. It is a basic analysis that can be translated into many languages for investors to choose from. It helps them access investment information more comprehensively," Mr Asadej said. RISK FACTORS Mr Asadej said that US-China trade is an external factor that could have implications for the Thai stock market in terms of both opportunities and risks. During the first Donald Trump administration from 2017 to 2021, there were US$130 trillion worth of manufacturing relocations from China to the rest of Asia, of which only 10% was captured by Thailand. Vietnam attracted a significant portion due to various factors such as its natural resources and a young workforce whose skill sets were better than that of the Thai population. When Trump returns to the White House next month, Thailand should adjust itself to be capable of seizing the opportunities, including manufacturing relations that are better than during the first Trump administration, said Mr Asadej. Another risk factor is that Trump will increase import taxes on countries that have a trade surplus with the US. Among the members of Asean, Thailand ranks second in terms of its trade surplus with the US and 12th within Asia. "We must closely monitor the US tax policies under the Trump government on countries where China has production bases, including Thailand," Mr Asadej said. As for domestic factors, Mr Asadej believes the political situation is more stable now and the economy is bouncing back thanks to the recovery in tourism to pre-pandemic levels and the government's faster budget disbursement. However, the energy and petrochemical groups, which are heavyweight stocks on the SET, are being pressured by the global economic slowdown while the high level of supply in the market has affected the profits of many companies. Those factors have resulted in a decrease in the total profits of listed firms on the SET overall. In future, it will be necessary to increase contributions from other industries on the SET to balance that of the energy sector, Mr Asadej added.

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CONWAY, S.C. (AP) — Jestin Porter had 26 points in Middle Tennessee's 95-88 win over South Florida on Friday. Porter shot 9 for 12 (4 for 6 from 3-point range) and 4 of 4 from the free-throw line for the Blue Raiders (5-1). Essam Mostafa scored 20 points and added 10 rebounds. Kamari Lands shot 6 for 12, including 4 for 8 from beyond the arc to finish with 17 points. The Bulls (3-3) were led in scoring by Jayden Reid, who finished with 18 points, four assists and three steals. Jamille Reynolds added 17 points and nine rebounds for South Florida. Kasen Jennings finished with 13 points. Middle Tennessee led 51-33 at halftime, with Porter racking up 14 points. Mostafa led the way with a team-high 14 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70None

The Stock Exchange of Thailand (SET) is to ask the Ministry of Finance to exempt the retrospective tax for merger and acquisition (M&A) deals of listed companies, as part of its moves to boost the sluggish domestic exchange. It also aims to push the Thai stock market as a listing hub for flagship businesses in sectors with the potential to grow, such as healthcare, data centres, and food and beverage. The Jump+ project will be launched next year to boost market capitalisation. SET president Asadej Kongsiri said during an interview with the Bangkok Post that listed companies are considering acquiring businesses outside the stock market, but they are concerned over potential negative consequences. "In the process of business expansion, there may be a merger along the way and sometimes the companies on the SET want to acquire non-listed peers," he said. Consequently, the SET is preparing to ask for support from the Ministry of Finance by avoiding retrospective tax collection for those businesses pursuing M&As. "That would help companies expand and grow to their goals faster without being afraid of having their accounting audited retrospectively," said Mr Asadej. These companies would grow, and that will allow the government to collect more tax revenue in the future. In turn, it would let more companies enter the official tax system, he added. JUMP+ PROJECT Mr Asadej revealed that the SET aims to increase the value of stocks and the market capitalisation of the Thai bourse through the Jump+ project, which is similar to a successful initiative by South Korea's stock exchange. Currently, there are more than 800 companies listed on the Thai bourse, with a market cap of roughly 17 trillion baht. Several companies have a large amount of assets and cash, with only a small portion of debt. Nonetheless, they do not have a plan to expand their business. "These companies are classified as having a lazy balance sheet, but they have growth potential," Mr Asadej noted. If a listed company has developed a business expansion plan and future investment, they will be able to increase their stock value, whether they grow in their current business or a new business. The Jump+ initiative is a growth acceleration platform designed to enhance the value creation journey of high-potential listed firms across the Thai capital market. Through this voluntary programme, the SET will empower listed companies by driving operational excellence, advancement in ESG (environmental, social and governance), and adoption of analytical tools and artificial intelligence (AI). Participants will gain access to advisory services and communication channels to enhance market visibility, along with benefits and incentives from the SET, government agencies and partners. The SET will also introduce a new index tracking the performance of successful Jump+ companies and provide analysis reports in partnership with the Investment Analysts Association to support their investment decisions. A group index, possibly called the SET Jump Plus Index, would be set up if a large number of companies participated in the programme, noted Mr Asadej, adding that this initiative would be implemented from the first half of 2025. LISTING HUB According to the president, the SET aims to be a listing hub for flagship Thai businesses, or industries that have strengths and high growth potential, and that are in investment trends. Target businesses include healthcare, wellness, data and cloud centres, and electronic parts. "We are preparing to meet with relevant agencies, including the Board of Investment, the Finance Ministry, and foreign embassies to help attract companies from all over the world to invest in Thailand," Mr Asadej said. "This is a long-term plan that may not be completed in my term. But it must be started to put the Thai stock market in the spotlight and increase the bourse's potential in the long term." Additionally, information spreads through social media and various other channels very quickly nowadays. They contain both the truth and untruths. Therefore, proper and effective communication and warnings provided to investors must be carried out more quickly. He added that the SET is considering the use of AI to help analyse small stocks to provide investors with better information for their investment decisions. One of the pain points nowadays is that investors can only see analysis of large stocks. It is not worth it for brokers to analyse smaller stocks that investors do not trade often. "Now there is technology that can do it. It is a basic analysis that can be translated into many languages for investors to choose from. It helps them access investment information more comprehensively," Mr Asadej said. RISK FACTORS Mr Asadej said that US-China trade is an external factor that could have implications for the Thai stock market in terms of both opportunities and risks. During the first Donald Trump administration from 2017 to 2021, there were US$130 trillion worth of manufacturing relocations from China to the rest of Asia, of which only 10% was captured by Thailand. Vietnam attracted a significant portion due to various factors such as its natural resources and a young workforce whose skill sets were better than that of the Thai population. When Trump returns to the White House next month, Thailand should adjust itself to be capable of seizing the opportunities, including manufacturing relations that are better than during the first Trump administration, said Mr Asadej. Another risk factor is that Trump will increase import taxes on countries that have a trade surplus with the US. Among the members of Asean, Thailand ranks second in terms of its trade surplus with the US and 12th within Asia. "We must closely monitor the US tax policies under the Trump government on countries where China has production bases, including Thailand," Mr Asadej said. As for domestic factors, Mr Asadej believes the political situation is more stable now and the economy is bouncing back thanks to the recovery in tourism to pre-pandemic levels and the government's faster budget disbursement. However, the energy and petrochemical groups, which are heavyweight stocks on the SET, are being pressured by the global economic slowdown while the high level of supply in the market has affected the profits of many companies. Those factors have resulted in a decrease in the total profits of listed firms on the SET overall. In future, it will be necessary to increase contributions from other industries on the SET to balance that of the energy sector, Mr Asadej added.