It Figures
25% Percent of the oil from the BP gusher in the Gulf of Mexico that had not been captured or evaporated by the end of July, according to Carol Browner, energy and climate change adviser to President Barack Obama. Government …
India’s Nuclear Bill Gives Stiffer Penalties, Higher Insurance Costs
India is rewriting a bill that will allow global firms to access its $150 billion nuclear power market, suggesting stiffer compensation for industrial accidents and extending liability to cover private suppliers. The changes, if approved, would mean higher costs for …
How Oil in Gulf Region Could Complicate Hurricane Recovery
If a hurricane hits the Gulf Coast and whips up oil from BP’s massive spill, cleanup workers will not be able to swoop into action to fix the mess. A new Obama administration edict requires that the oil be tested …
Cruise Ships Traveling In Changing Legal, Security Climate
Crime on cruise ships is rare, considering 10 million North Americans sailed last year. But some crime victims believe that justice also is rare — due to overlapping investigative powers, difficulty obtaining evidence and witnesses, and a lack of sworn …
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the February takeover of railroad operator Burlington Northern Santa …
U.S. Says Vast Majority of BP Oil Gone, Remainder Not Serious Threat
The vast majority of oil from the BP spill in the Gulf of Mexico is gone, President Barack Obama’s energy adviser said Wednesday, and the remaining oil reportedly does not pose a serious threat. The U.S. government will release a …
Missouri Votes to Block Obama Health Insurance Mandate
Missouri voters Tuesday rejected the new U.S. healthcare bill, approving a measure that would forbid the federal government from penalizing people who do not buy health insurance. With 78 percent of precincts reporting, 72.6 percent of voters supported the Health …
Some States Cheered by Virginia Healthcare Decision
Nearly half of all U.S. states are fighting President Barack Obama’s healthcare reforms and those that have taken the battle to court were heartened Monday by a judge’s decision to let Virginia proceed with its lawsuit against the program. “Today’s …
Federal Judge Lets Virginia Challenge to Obama Healthcare Law Proceed
A U.S. judge Monday refused to dismiss a challenge by the state of Virginia to President Barack Obama’s landmark healthcare reform law, a setback that will force his administration to mount a lengthy legal defense. In the opening salvo of …
Bill to Eliminate Oil Liability Limit Comes Under Fire
Republicans and some moderate Democrats in the U.S. Senate Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies responsible for accidents like the massive Gulf of Mexico spill. “I think people …
