June 7, 2010

It'll be a somber graduation for the Class of 2010 of Lake High School near Toledo Ohio.  The school's gymnasium and site of the graduation was destroyed by a deadly tornado late Saturday on the eve of the event. Among seven persons killed was the father of the class valedictorian. A mother and child were also among the dead in the outbreak of storms that damaged dozens of homes and destroyed the local police station. Source Link

As a new capping effort is showing some progress, the top man at BP says he has no plans to step down because of that offshore oil spill in the Gulf of Mexico. Tony Hayward told the BBC that the company has the financial strength to pay for the clean-up effort, which has already cost BP a billion dollars. The company's stock price has taken a deep hit since a drilling rig exploded nearly seven weeks ago in the Gulf and triggered the biggest oil spill in U.S. history. Source Link

The music industry is seeing album sales hit rock bottom. Billboard Magazine says the latest weekly figures were the worst since advanced tracking began in 1993, and may be the lowest in nearly 40 years. The free fall in album sales began nearly 10 years ago, with the dawn of file sharing, and some think the latest bad news is even more reason why Congress should consider new legislation to force Internet service providers to cut off customers who share pirated music. Source Link