June 17, 2010

The same man who ran the compensation fund for victims of the 9/11 attacks will manage a $20 billion escrow fund being set up by BP to pay damages related to that oil spill in the Gulf of Mexico.  The appointment of Kenneth Feinberg was announced after BP officials met with President Obama at the White House. The oil conglomerate is suspending payment of a dividend to shareholders to ensure it has enough money to pay for damages from the spill. Source Link

For the first time in 12 years, Tiger Woods is not the odds-on favorite to win the U.S. Open golf tournament as play begins today at Pebble Beach. Bookmakers were giving Masters tournament champion Phil Mickelson the same odds of winning this year's U.S. Open as Woods, who finished fourth at the Masters and failed to complete two other tournaments this year after a hiatus following a sex scandal and charges of infidelity. Source Link

A new study adds scientific weight to what many parents already knew -- teenage boys can eat you out of house and home. The study showed that boys between the ages of 14 and 17 averaged 2,000 calories for lunch alone. That's a typical full day of calories for children.  Teenage girls eat more in their younger adolescent years but not a much as boys do. While it's bad news for the grocery budget, the good news is that parents need not worry about the extra calories unless boys begin to gain weight. Source Link