Five months after an explosion and fire led to the biggest oil spill in the nation’s history, the leak from that offshore well in the Gulf of Mexico is now permanently capped. Officials say tests show that a cement plug is firmly atop the ruptured well a mile below the surface. The leak spewed oil into the Gulf waters for nearly three months before a containment system was put in place in mid-July. Source Link
An aggressive consumer advocate has been picked to oversee creation of a new federal agency to regulate banks, lenders and credit card companies. Elizabeth Warren is a vocal critic of Wall Street and America’s big banks who pushed for the new Bureau of Consumer Financial Protection that will write and enforce new rules that will effect all types of consumer borrowing. Source Link
Actress Lindsay Lohan has admitted she failed a recent court-ordered drug test. Lohan spent two weeks in jail and 23 days in an in-patient drug rehab program after violating probation stemming from a pair of charges for drug use and driving under the influence. The judge in Lohan’s case said previously that a probation violation would result in a 30-day jail sentence. Source Link
