The Oil Industry Rolls On...
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The Oil Industry Rolls On...

The Gulf oil spill won't stop the oil industry from drilling in dangerous places or from making enough money to support almost everyone's pension plan, federal judges included. Also, Congress reaches agreement on financial reform. On Reporter's Notebook, is McDonald's "the stranger in the playground handing out candy to children?" We hear about Happy Meals with plastic toys and childhood obesity.

Banner image of BP's Liberty project, Alaska: Judy Patrick

Making News

Congress Reaches Agreement on Financial Reform ()

President Obama is in Toronto for the latest G-20 summit, and some members of Congress stayed up all night to give him a kind of departing gift. It's final approval of finance reform by a joint committee, and the President was glad to see it. Kevin Hall is national economics correspondent for the McClatchy Newspapers.


Main Topic

The Oil Industry and the Government ()

The Gulf oil spill is producing hundreds of lawsuits in several states, but federal judges are bowing out because of investments in the oil industry. Judge Martin Feldman, who threw out the President's six-month moratorium on deep-water drilling on Tuesday, recently held stock in Transocean and Halliburton. Meanwhile, two whistle-blowing scientists from the Mineral Management Service have talked to the New York Times about BP's plan to drill for oil off the shores of Alaska. The plan skirts the President's moratorium because its drill will be based on an artificial island three miles off the coast.  So it's technically “on-shore.” We look at how the oil industry continues to wield influence even after the worst environmental disaster in US history.   


Reporter's Notebook

Nutrition Group Takes Aim at Happy Meal Toys ()

Plastic toys with Happy Meals encourage kids to eat the food that's producing an epidemic of childhood obesity. Santa Clara County, home to California's Silicon Valley, has made a decision to actively promote childhood nutrition and has banned such giveaways in unincorporated areas. One self-styled consumer watchdog group is threatening to sueSharon Bernstein is covering that story for the Los Angeles Times.


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