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June 15, 2005

Quick Takes: Visa Rules for U.S. and China, More Ga. Nepotism, Another Enron Settlement

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  • The U.S. Embassy in China announced Tuesday that certain visas awarded for academic visits to the United States would be offered for one year instead of six months. China is making a similar change in visas for Americans seeking to make academic trips.
  • Presidents of four more technical colleges in Georgia have told the state system that relatives were on their institutions’ payrolls, and at least two of them have already severed the family members from the staffs, the Atlanta Journal-Constitutionreported (free registration required). The president of North Metro Technical College was forced to authorize the dismissal of his wife last week.
  • J.P. Morgan Chase & Co. agreed to pay $2.2 billion to settle a lawsuit filed by investors in Enron, according to the Associated Press. The decision by the third largest bank in the United States comes just four days after Citigroup said it would pay $2 billion to settle the claims against it in the shareholder lawsuit, which is led by the University of California’s Board of Regents.

— Doug Lederman

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