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"All The News You Never Knew You Needed To Know ...Until Now." July 06 2010 Travus T. Hipp Morning News & Commentary: In Re 'Charlie's Girl' Leslie Van Houten - The REAL Question Is 'What IS The Purpose Of Imprisonment?' [Pop Out Player? Click Here] Prefer An MP3 Playlist? It's Here: [192kbps CBR 11:10 Minutes] Other Audio Formats Available [ Here ] Twitter This Commentary |
BP eyes stake sale as spill cost tops $3 billion
(Reuters) - Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3 billion.
Over the weekend, while U.S. Independence Day holiday makers shunned Gulf of Mexico beaches tarred by the leaking well, media reports said BP was looking for a strategic investor among the sovereign wealth funds of the Middle East and Asia.
An investor would help ward off a takeover and raise funds for the liabilities racking up behind the worst oil spill in U.S. history, the reports said.
BP shares rose 2.4 percent in London to 329.65 pence at 5:48 a.m. ET after the reports, but some shareholders balked at the idea of a strategic investor. [In Full]
SANTA CRUZ -- A handful of homeless men and homeless rights advocates gathered in front of the Santa Cruz County courthouse Monday night, spreading out blankets and unfurling their sleeping bags in a willful violation of a city ordinance that prohibits camping within city limits.In short... Cities in California are required by state law to plan housing for people who actually live and work within their boundaries. Since the 1989 earthquake and concurrent redevelopment of large areas of the city, Santa Cruz has categorically failed to fulfill that requirement leaving large numbers of the city's residents homeless, THEN they criminalized the behavior of the victims of their policies.
Leigh, who declined to provide his last name, was preparing to sleep out on the courthouse steps for the second night. He said he has lived in Santa Cruz for 35 years and has been "houseless" for the last four or five years.
"I understand at some legal level why the ban was implemented," he said. "I also understand that it was implemented due to the city's intentional oversight in the creation of housing and jobs for people that actually live here. They're in violation of the state charter that requires them to build housing for people that actually work here, or at least plan for it."
He called the ban a "draconian(sic) measure" aimed at making it "harder for people that they do displace to stay here" and then criminalizing the resulting behavior. [In Full]
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