LATEST UPDATE AND PICTURES from the gulf oil spill.
Plus, hard times on the gulf coast.
Also, BP Stops Paying The Bills. “Generally speaking, when a company fails to make payroll or meet its Accounts Payable on time, it’s a sign of potential collapse. Sometimes, it’s just a simple issue of red tape within large corporations. It’s hard to tell which is which, but with BP transferring $20 billion into a trust fund and spending a few billion more on the cleanup, it’s certainly not unreasonable to wonder about its cash flow and stability.”