- Making News: Oil Prices Set New World Record
The price of crude oil set another record today, jumping to just under $49 a barrel. In the US, refiners' supplies are down for a third consecutive week, but demand continues to rise. While that could promote the use of alternative energy, Severin Borenstein, director of the Energy Institute at UC Berkeley, believes it will more likely result in increased American tolerance of regimes that known for their repression of human rights.
Governor Schwarzenegger Signs Deals with Indian Tribes
Governor Schwarzenegger says he-s not in favor of urban gambling, but if a deal he announced today goes through, a former bowling alley near San Francisco will become a multi-story casino with 5000 slot machines. The city of San Pablo is just a quarter mile from Interstate 80 and half-hour from Oakland. The Lytton Band of Pomo Indians will pay the state 25 percent of its earnings in return for gambling exclusivity within a 35-mile radius. That sounds good to the City Manager of Garden Grove, who says Las Vegas-style gambling and entertainment would help that Orange County town pay its bills. Warren Olney considers the future of urban gambling in California with the chairman of one resort-owning tribe, a southland mayor and a spokesman for the Governor.