California Oil Town Runs Dry, Glitter Bomb Hoax and '3 ½ Minutes'

Oil prices hit a six-year low today, falling below $44 a barrel. We take a look at what that means for oil industry workers in Kern County, and also how the same dynamic is playing out around the world. Then, in our weekly web roundup, the founder of a website that allowed customers to mail glitter to their enemies now claims it was all a hoax. But was it really? Next, we hear from the filmmaker behind the new documentary 3½ Minutes, about the shooting death of an unarmed black teenager in Florida by a white man - and the trial that followed. And finally, USC raised $700 million last year, putting it behind only Harvard and Stanford in fundraising. What do universities do with all that cash?

Banner Image Credit: Hamish Reid