BP Payouts To Oil-Damaged Gulf Residents, Businesses Dropping Sharply


Denied claims for Gulf of Mexico oil spill victims are rising dramatically, the head of the $20 billion BP fund said Monday.

Some 20,000 people have been told they have no right to emergency compensation,

compared to about 125 denials at the end of September.

This is in addition to many others who say they are getting mere fractions of what they’ve lost,

while others are receiving large checks and full payments.

Brazil Election Big Endorsement of Term-Limited President


Dilma Rousseff was elected Brazil’s first female president on Sunday, as the country voted strongly in favor of continuing the economic and social policies of the popular president, Luiz Inácio Lula da Silva.

Ms. Rousseff, 62, defeated José Serra, the former governor of São Paulo, with 56 percent of the vote to 44 percent, official numbers showed.

In choosing Ms. Rousseff, who has no elected political experience but served as Mr. da Silva’s chief of staff and energy minister,

China – Japan Tensions Bring Direct US Involvement


With tensions between China and Japan spilling out at an East Asian summit meeting in Vietnam,

the United States is trying to defuse an escalating diplomatic row over their competing claims to a cluster of small islands in the East China Sea.

On Saturday, Secretary of State Hillary Rodham Clinton proposed a three-way meeting with China and Japan to resolve the dispute,

China Bi-Partisan Villain in US Election, Complicating Relations


In these angry political times, Democrats and Republicans agree on next to nothing.

China is an exception.

Democrats and Republicans are accusing each other of cozying up to Beijing and backing policies

that send U.S. jobs and IOUs to the world’s second-largest economy.

Hot rhetoric in the closing days of the election has helped to fan protectionism sentiment in the U.S.,

Gulf Oil Blowout BP, Everyone Else’s Fault: Halliburton


We already covered the start of this process, where every company involved in the massive Gulf of Mexico oil drilling blow-up was blaming each other.

Here’s Halliburton’s contribution, putting responsibility on BP for their crappy cement job.

Halliburton, whose failed cement job on the BP well in the Gulf of Mexico

was identified as a contributing factor to the deadly blowout by a Presidential investigative panel last week,

US Coal Industry Giving Record Amounts for Election


The coal industry, facing a host of new health and safety regulations, is spending millions of dollars in lobbying and campaign donations this year

to influence the makeup of the next Congress in hopes of derailing what one industry official called an Obama administration “regulatory jihad.”

Can you believe these guys ???

Political spending by the coal industry is on track to exceed that of the 2008 cycle, when the presidency was at stake

Supercomputers: China Now # 1 There Too


A Chinese scientific research center has built the fastest supercomputer ever made,

replacing the United States as maker of the swiftest machine,

and giving China bragging rights as a technology superpower.

The computer, known as Tianhe-1A, has 1.4 times the horsepower of the current top computer, which is at a national laboratory in Tennessee,

as measured by the standard test used to gauge how well the systems handle mathematical calculations,

British Airways, Other Euros Slam US Air “Security” Practices


Several European officials questioned American requirements for airport security on Wednesday,

a day after the chairman of British Airways criticized Britain for bowing too quickly to Washington’s demands.

The chairman, Martin Broughton, said at a conference on Tuesday that

Britain should not “kowtow to the Americans every time they wanted something done” with aviation security procedures.

Geithner Firing Talk Heats Up w Inspector General’s Report


And if it doesn’t, it should start RIGHT away.

The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month,

when it abandoned its usual method for valuing investments,

according to a report by the special inspector general for the Troubled Asset Relief Program.

“In our view, this is a significant failure in their transparency,” said Neil M. Barofsky, the inspector general, in an interview on Monday.

Japan Asks China To Resume “Rare Earth” Exports


The Japanese trade minister urged China on Sunday to restart exports of crucial minerals known as rare earths

that both traders and government officials say have been blocked for the past month amid a territorial dispute between the countries.

The trade minister, Akihiro Ohata, also quoted a top Chinese official as acknowledging that customs officials had stepped up inspections of all rare-earth shipments from China.