BP has reached an agreement with the federal government to place $20 billion in an escrow fund to pay for claims in the Gulf of Mexico oil disaster, President Obama announced Wednesday at the White House. The fund will be administered by an independent, third party, Obama said.
Feinberg, the attorney who oversaw the $7 billion compensation fund for victims of the September 11, 2001, attacks, will oversee the claims process. The Washington Post's WhoRunsGov website reports that Feinberg also was the "special pay master" who set the salaries of the top 100 executives at companies rescued by the federal government in 2008-2009.
According to the website, Feinberg, a former chief of staff for Sen. Edward Kennedy, started a mediation firm in 1992. One of its cases was to determine the fair market value of the film taken by Abraham Zapruder as John F. Kennedy's motorcade passed through Dealey Plaza in Dallas, Texas, on November 22, 1963.
The pianist-singer-songwriter known as Dr. John, "The Night Tripper," told an audience this week in Los Angeles, California,Â that the oil disaster is just the latest in a long list of incidents in the Gulf region since the expansion of oil exploration.
"Nobody [outside of Louisiana] heard about those," he said at the Grammy Museum, "because they weren't as completely ridiculous as this one."
The Los Angeles Times reports that Dr. John, who was born in New Orleans, interjected the phrase "Let BP foot the bill" into his song "Black Gold" from his Grammy-winning 2008 album, "City that Care Forgot." The song, among other things, criticizes America's hunger for oil and what that dependence is doing to the soul of the country.
According to the newspaper, Dr. John also spoke of New Orleans' ability to rebound from adversity.
"It's never going to be the same as it was," he said, "but New Orleans is still a special, spiritual place."
After the first time the United States and England faced each other in a World Cup match since 1950, U.S. fans rejoiced over the 1-1 draw Saturday, and TV viewers who had never heard of goalkeeper Howard before suddenly had a new hero.
Sports Illustrated reports that Howard kept the English team scoreless for 61 minutes after he got spiked in the ribs and his upper arm bone popped out of his shoulder socket.
"Pretty intense," Howard said, describing the moment. "His spikes got me right here [pointing to the area below in right breastbone], and all of a sudden I was trying to breathe."
But Howard, aided by a pain-killing injection, stayed in the game. According to the U.S. Soccer website, Howard, who was born in 1979 in North Brunswick, New Jersey, has Tourette's syndrome, a neurological disorder characterized by rapid and involuntary tics and vocalizations. The U.S. team faces Slovenia on Friday.
The third founder of Apple walked away from billions - and has made peace with his decision.
National Public Radio reports that the computer, electronics and software giant - now worth well over $220 billion - began on April 1, 1976, when two young programmers, Steve Jobs and Steve Wozniak, got together with Wayne to write Apple's incorporation document. Wayne typed up the three pages himself and designed the company's first logo.
But Wayne said that, justÂ 12 days later, he left the trio and a 10 percent stake in the company because he wanted a different kind of work situation, even when Jobs twice tried to entice him back.
"I like to take things from beginning to end," Wayne said. "Where I can wear six or seven hats. I couldn't do that at Apple."
Wayne told NPR that he resides in Pahrump, Nevada, near Las Vegas - and lives off of his Social Security check and a small vintage coins business. Wayne said that he has no regrets.
"I've never been rich," Wayne said. "But I've never been hungry, either."
The favorite Chihuahua of the late heiress Gail Posner could lose the $8.3 million Miami Beach, Florida,Â mansion she inherited.
The Wall Street Journal reports that Posner, who died in March, left her seven-bedroom home to Conchita and two other dogs, supported by a $3 million trust fund. Oh, and seven former bodyguards, housekeepers and aides got $26 million in Posner's will, and some of them, the newspaper reports, live in the house rent-free while caring for the wealthy canines.
But now, Bret Carr, a screenwriter and Posner's only living child, has filed a lawsuit to revoke the will, claiming that household staff members drugged his mother and conspired to steal her assets.
Conchita, a highly publicized pooch, reportedly had a Cartier necklace worth $15,000.