Apparently BP has agreed to set up a $20 billion fund for compensation for the current oil disaster, as reported by CNN. This comes after repeated attempts to plug the massive oil leak in the Gulf Coast. There is also a $100 million fund put in place for the oil workers that are out of work due to the disaster.
This announcement came after President Obama met with his personal response team and BP chairmen. According to President Obama he told BP Chairman Carl-Henric Svanberg that for the people involved it wasn't a matter of money, it was a matter of accountability. Which is very true, and in some ways a welcomed view from President Obama; BP is to be held accountable for their actions which caused this disaster.
The fund will not be controlled by BP but by an independent third-party. The process for the claims will be handled by attorney Kenneth Feinberg, who oversaw the claims for victims in the September 11th, 2001 World Trade Center and Pentagon attacks.
Showing posts with label president. Show all posts
Showing posts with label president. Show all posts
Wednesday, June 16, 2010
Friday, May 28, 2010
Hurricane Season On The Horizon
According to weather experts this hurricane season is going to be a very busy one. This can make the recovery effort on the Gulf Coast even more difficult to accomplish than it already has been. If a hurricane were to hit now it would essentially scoop up a lot of the oil that has spilled into the Gulf and send it away, and predicting where that 'away' will be is going to be even more difficult than cleaning it up.
It is kind of back and forth whether or not the spilled oil could slow a potential storm off the coast or if it would actually make a hurricane even more massive than it would be in the first place. President Obama is to be visiting the oil spill and monitor how the ongoing effort is proceeding before heading back to Chicago that night, hopefully when he sees the site for himself he can be better prepared for the future weather that is forecasted to hit.
The Gulf Coast isn't the only one at risk if a hurricane were to hit, in Haiti there is roughly 1.5 million displaced people that will be severly at risk after a devestating earthquake hit there this past January. If a hurricane were to hit the already struggling portion of the Dominican Republic the end result could be catastrophic.
It is kind of back and forth whether or not the spilled oil could slow a potential storm off the coast or if it would actually make a hurricane even more massive than it would be in the first place. President Obama is to be visiting the oil spill and monitor how the ongoing effort is proceeding before heading back to Chicago that night, hopefully when he sees the site for himself he can be better prepared for the future weather that is forecasted to hit.
The Gulf Coast isn't the only one at risk if a hurricane were to hit, in Haiti there is roughly 1.5 million displaced people that will be severly at risk after a devestating earthquake hit there this past January. If a hurricane were to hit the already struggling portion of the Dominican Republic the end result could be catastrophic.
Friday, May 21, 2010
Job? Where?
Sure, there are a ton of places to go looking for a job. Monster.com is a well-known one, Job.com, stuff like that. But where is the employment at? The unemployment rate is at an all-time high, 9.5% according to Google public data, 9.9% according to http://www.dol.gov/. That is terrible, don't you think? Well, the job market is different I guess, they want experience...right? Depends on the job really, but most jobs will take a less experienced worker because they can get away with paying them less for the same work a college grad would do for twice the rate. This is where the job market is killing itself, I think anyway.
Let me explain; if we have two people of the same age, same ability, but one went to a prestigious college and the other a junior college, obviously the one that went to a prestigious college is going to ask for more money, the junior college grad less. Practical really, I'm sure they both have loans that they need to pay off but I'm also sure that the prestigious college student has far more to pay than his junior college rival which would explain why they would ask for a higher salary. However, when it comes down to money coming in and money coming out a business has to look at it from a different point of view, money spent versus money made. If they are spending more money for someone who has a better education, they are out more money in the long-run than if they just spend less money for someone with less education but enough to do the job.
This is where sites like Monster.com can come in handy, allowing someone to put up their own resume, credentials, and asking pay, while prospective employers look at each one and decide on their own who to hire. Monster.com is a pretty good site, you can put your resume up for companies to view, apply for jobs with relative ease, and it probably works really well, but I found it to be difficult to navigate even with their current Beta. Job.com was easier for me to navigate and had a lot of search options to tick off so you didn't have to type in your own but you could if you wanted, applying for the job is relatively easy just like it was Monster, just click and apply. Both also have a number of articles filled with tips for marketing yourself and all around finding a job.
However, that isn't always enough, sometimes you have to actually head out and talk to the people face to face to inquire about the job. Even with these tools, jobs are still dying, along with the economy.
Which brings us to the government, remember that bailout plan? The one that pretty much tossed dirt into the hole we crawled into? Yes, that one, the one that still today I don't know why we even bothered to try it out. Money makes the world go 'round, and it sinks countries even deeper into the ground. The idea was to get the banks out of debt, banks that probably could have managed to get themselves out of debt alone, but we are a 'instant gratification' culture these days and no one wants to wait for results. So the government through billions of dollars at debt, and even today this concept still escapes me, you essentially threw imaginary money into debt, money we didn't have, still don't have, and I'm not all that convinced we will ever see again.
This was a key area of the presidential candidates for the 2008 presidential campaign, remember? Each of them told us how they were going to get us out of debt? How they were going to end the war in Iraq, even close Guantanamo Bay...well, it seems they had the right idea but were entirely too poor in their execution. The debt rose, Guantanamo is still open, and we are still in Iraq, and on top of it, we threw money we didn't have at all of it. Which would actually explain why nothing was done, little can be done with monopoly money.
More to come, I used to love my country.
Let me explain; if we have two people of the same age, same ability, but one went to a prestigious college and the other a junior college, obviously the one that went to a prestigious college is going to ask for more money, the junior college grad less. Practical really, I'm sure they both have loans that they need to pay off but I'm also sure that the prestigious college student has far more to pay than his junior college rival which would explain why they would ask for a higher salary. However, when it comes down to money coming in and money coming out a business has to look at it from a different point of view, money spent versus money made. If they are spending more money for someone who has a better education, they are out more money in the long-run than if they just spend less money for someone with less education but enough to do the job.
This is where sites like Monster.com can come in handy, allowing someone to put up their own resume, credentials, and asking pay, while prospective employers look at each one and decide on their own who to hire. Monster.com is a pretty good site, you can put your resume up for companies to view, apply for jobs with relative ease, and it probably works really well, but I found it to be difficult to navigate even with their current Beta. Job.com was easier for me to navigate and had a lot of search options to tick off so you didn't have to type in your own but you could if you wanted, applying for the job is relatively easy just like it was Monster, just click and apply. Both also have a number of articles filled with tips for marketing yourself and all around finding a job.
However, that isn't always enough, sometimes you have to actually head out and talk to the people face to face to inquire about the job. Even with these tools, jobs are still dying, along with the economy.
Which brings us to the government, remember that bailout plan? The one that pretty much tossed dirt into the hole we crawled into? Yes, that one, the one that still today I don't know why we even bothered to try it out. Money makes the world go 'round, and it sinks countries even deeper into the ground. The idea was to get the banks out of debt, banks that probably could have managed to get themselves out of debt alone, but we are a 'instant gratification' culture these days and no one wants to wait for results. So the government through billions of dollars at debt, and even today this concept still escapes me, you essentially threw imaginary money into debt, money we didn't have, still don't have, and I'm not all that convinced we will ever see again.
This was a key area of the presidential candidates for the 2008 presidential campaign, remember? Each of them told us how they were going to get us out of debt? How they were going to end the war in Iraq, even close Guantanamo Bay...well, it seems they had the right idea but were entirely too poor in their execution. The debt rose, Guantanamo is still open, and we are still in Iraq, and on top of it, we threw money we didn't have at all of it. Which would actually explain why nothing was done, little can be done with monopoly money.
More to come, I used to love my country.
Subscribe to:
Posts (Atom)
Posts
