BP Executives Agree To Escrow Fund, As La. Congressman Asks: 'Does Gulf Coast Have A Future?'
In their first face to face meeting with President Obama, BP executives reportedly have agreed to create an independent escrow fund to help reimburse those who've lost work or business because of the oil disaster. It's 20 times more than BP has already spent responding to the spill, and will be administered by Kenneth Fienberg, who oversaw the 9/11 fund, and dealt with executive pay under TARP. In the meantime, Louisiana Congressman Charlie Melancon, whose coastal district has taken the brunt of the Gulf oil disaster, says the region's way of life is at risk. Melancon, who famously choked up at a Congressional hearing last week, has been on the road, talking to his constituents. He says that people are no longer wondering what their future is, but whether there is one.
The Oysterman's Plea: 'Give Me a Golden Parachute'
John Tesvich is owner of Ameripure Oysters in Louisiana. His company leases about 4,000 acres of oyster grounds in Louisiana - half of which is closed down due to the oil careening through the gulf. He knows what he wants from BP. He's in his 50's and thinks BP should pay him to retire.
West Philly Students Build 100 MPG Car
Students from West Philadelphia High School are going up against some of the brightest minds in the world, in a quest to build a car that gets 100 miles per gallon. The students have become contenders in the Progressive Automotive X-Prize, which is doling out $10 million to teams that can build cars, that both get 100 miles-per-gallon and are commercially viable. We speak to Jacques Wells, co-captain of the "West Philly Hybrid X Team," and Simon Hauger, the team's director.
New Bloody Sunday Report Faults British Soldiers
'Kindie' Music Thrills Kids And Parents
Music From The Show
- Dntel, "Last Songs"
- Ahmad Jamal, "Patterns"
- Moby, "Inside"
- Funk Brothers, "Keep Me Hangin' On"
- Radiohead, "In Limbo"
- Talking Heads, "This Must Be the Place"
This program aired on June 16, 2010.