June 25th, 2010
09:33 AM ET

On the Radar: Gulf oil, storms, Jackson's death

Gulf oil disaster - Downtrodden Gulf Coast residents may soon have something besides the oil spill to worry about. But it's not really a "new" threat - it's what they fret about every summer: tropical weather. There is a 70 percent chance that a weather system in the western Caribbean will better organize and form at least a tropical depression in the next 48 hours, the National Hurricane Center said Friday morning. Costs associated with the Gulf oil disaster have gone up more than $300 million in less than a week, BP said Friday. The threat of a hurricane being added to the mix could cause major concerns - and more damage. We'll be keeping an eye on the storm and the oil in the Gulf for the latest developments.

Wall Street reform - After a grueling 20-hour session, lawmakers early Friday finished melding the House and Senate Wall Street reform bills, bringing Congress closer to passing the most sweeping changes to the financial system since the New Deal. Finishing at 5:39 a.m. ET, 43 lawmakers agreed to send to their respective chambers a final bill that aims to strengthen consumer protection, shine a light on complex financial products, create a new process for taking down giant, failing financial firms, and make them stronger to prevent such failure. So what's in the bill? CNNMoney.com breaks it all down for you.

Unemployment benefits - Nearly a million people have lost their unemployment benefits because the Senate failed for the third time Thursday to extend the deadline to file for this safety net. Hoping to overcome deficit concerns, the Senate trimmed the bill yet again Wednesday night so that it would increase the deficit by only $33.3 billion over 10 years, instead of $55.1 billion. The main changes were to scale back additional Medicaid funding for the states and to reallocate some stimulus and Defense Department spending.

Michael Jackson's death anniversary - In life, Michael Jackson was whoever you wanted him to be: Humanitarian. Media-savvy artist. King of Pop. Or: Accused child molester. Has-been. World-class freak. No wonder his legacy, one year after he died, is so confusing. Is it about compassion? Talent? Money? Or the dark circus that kept intruding on it all? We'll be looking at memorials being held for the late King of Pop on this anniversary and also take a look at where his family members who were thrust into the spotlight in his death are now.

soundoff (12 Responses)
  1. BreakingNewsBlog.us

    .
    .
    .
    hurricanes coming soon in the Gulf... WHAT are they waiting to listen those who have the RIGHT IDEAS AND SOLUTION to STOP the oil spill QUICKLY to SAVE the sea and shores nature and wildlife BEFORE they'll be submerged by over 250,000,000 more gallons of oil, in the next TWO months (if lucky) ???????????
    .
    http://bit.ly/c8y9GX
    .
    .
    .

    June 25, 2010 at 10:20 am | Report abuse |
  2. torgman

    HAPPY DEATH DAY, MICHAEL!!!

    Now–and for what will seem like forever–all of the sycophantic fans will honor you on the day you died rather than the day you were given to the world, including morbid tribute songs and a slew of impersonators by guys with no life. I'm sure someone will report seeing you at the 7 Eleven soon.

    June 25, 2010 at 12:03 pm | Report abuse |
  3. I am the Walrus

    Walrus Watching on the Gulf of Mexico Tonight. BP and all the other Oil companies who copied their template Oil Spill Response plan obviously know something we don't or they wouldn't have included such "rich detail"

    June 25, 2010 at 12:58 pm | Report abuse |
  4. Greenisimo Nature Blog @Greenisimo

    Hurricane or no, toxic pollutants from mega corporations like BP are being found in sperm whales as far away as Antarctica. Hurricanes are just a small accelerant in the process of these toxins spreading all over the world and into your food supply. These are not local or isolated events ... see http://greenisimo.com

    June 25, 2010 at 6:53 pm | Report abuse |
  5. Loboviejo

    Hurricanes...can't catch a break with net.

    June 25, 2010 at 7:07 pm | Report abuse |
  6. lisa m.

    why aren't the federal & state inspectors being held accountable for the oil spill? don't they play a part in the safety of the rigs & its' workers?

    June 27, 2010 at 1:43 am | Report abuse |
  7. eye95

    Did I am the Walrus mention walrus watching? Well guess what the federal government just said about walruses in this article that spoofs Palin and the Feds response. Check it out. Safe for work and wicked funny.

    http://www.dailygoat.com/2010/06/sarah-palin-solves-oil-spill-crisis-you-betcha/

    June 27, 2010 at 5:05 pm | Report abuse |
  8. Christopher Taylor

    sadly, the King of Pop will never be coming back again, oh i missed Michale Jackson,":

    October 4, 2010 at 11:54 am | Report abuse |
  9. Mixer Shower 

    oh im just so sad that the King of Pop is already dead"~.

    October 19, 2010 at 4:19 am | Report abuse |
  10. Lurline Bedker

    excellent post Here's some pass forward: Thought for the day? : Why do doctors call what they do practice?

    September 8, 2011 at 4:19 am | Report abuse |
  11. floonaKawtep

    dopplerradar http://jaysonbentle718528.webs.com/apps/blog/show/10960968-healthy-and-balanced-electricity-refreshments-instruction-a-great-oxymoron- rave

    December 15, 2011 at 4:48 am | Report abuse |
  12. vipit

    machinegunkelly http://hastaneyonetim.com/fkero zacbrownband

    January 13, 2012 at 6:15 am | Report abuse |