Environmental groups have an impact on KKR buyout of TXU Corp - aka Texas Utilities (TXU). They managed to force the company to reduce the total number of coal plants being planned in Texas from eleven to three. Article at Business Week Online. Rain Forest Action Network on "What Happens Next" The Daily Grist calls it "Texas Fold 'em"
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| Ivory Tower Wealth |
| Written by John Bonynge | |
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Luke 16 tells a parable of a rich man, and a poor man named Lazarus. In life, Lazarus sat at the rich man’s gate and longed to eat the crumbs that fell from the rich man’s table. The rich man dressed in purple and fine linens and feasted sumptuously every day. Now when Lazarus died, he was carried by angels to Abraham’s side. When the rich man died, he awoke in hell and saw Lazarus far off in heaven. The rich man begged Abraham to send Lazarus to dip his finger in water to cool his tongue. Abraham explained that there was a chasm fixed between them that could not be crossed. The rich man then begged Abraham to send Lazarus back to earth to warn his brothers of this place of torment. Abraham explained that it would make no difference. If they did not respond to Moses and the prophets, they would not be convinced, even if someone rose from the dead. We must walk the fine line of managing wealth, while avoiding the pitfalls of being rich.
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