had a blowout just like the deepwater horizon seventeen months seventeen months before the deepwater horizon spill that was covered up unfortunately by the bush state department helped cover it up and it never got out and therefore b.p. was able to basically get word the same swapping methods that led to the gulf spill so you have alaska you have central asia you have deepwater horizon this is a serial spill or after and and greg just to kind of put some numbers on to this that this that punishments that they. are saying right now i want to bring up a quick graphic to kind of show you some of these numbers so right now they have already put out eight billion dollars and payouts they're expected to put fourteen billion dollars in to clean up and seven point four billion interest attention and business says the total expenses bear about. a billion dollars but i mean how much of a difference is this money or if they're accused of being crossly negligent how much is twenty one billion dollars thirty billion dollars actually going to have on the people of the gulf coast especially consider

>> ever since the deepwater horizon blew, it was clear that this was a disaster in the making.the fishing industry came to a stop. tourism was wrecked. the livelihoods of hundreds of thousands, anyone who was dependent on these waters, were in deep jeopardy. under pressure from the federal government, bp agreed to create a victims compensation fund. both bp and the white house wanted one man, ken feinberg, to administer it. >> i felt that if asked, i should step up and try and help as best i can. >> what is it about ken feinberg that makes him the nation's arbiter of impossible decisions? >> i think there's something that experience brings to the table in terms of getting these problems solved. good afternoon, ladies and gentlemen. >> this lawyer's experience in mediation, in placing monetary value on human suffering, is unmatched. president obama made him his pay czar, where he cut the salaries of executives of companies that received government bailouts. but it was his role as special master of the 9/11 victims compensation fund that was his greatest challenge and likely his

in september, gm recalled 400,000 chevrolet cruzes due to engine trouble. 2.5 years after the deepwater horizon disaster in the gulf, drilling and output are increasing. in fact, an energy consulting company says a gulf oil boom is about to flow. bentek energy predicts within 10 years production will gush 28%. before deepwater, the gulf had accounted for nearly a 3rd of our domestic output. it's now 20%. several oil companies have billions of dollars in new drilling projects planned. right now there are 4,000 platforms pumping oil and gas from 35,000 wells. kfc is closing all stores in pakistan after an attack on a restaurant in lebanon. a krispy kreme store and hardee's restaurant were also attacked in a strip mall in tripoli, lebanon. yum! brands, the owner of kfc franchises, was the first to shut down its restaurants as a precaution. kfc has a large presence in the muslim world. it owns 60 restaurants in pakistan and 11 franchises in the middle east. three states are joining the fight against dodd frank wall street reform. oklahoma, south carolina, and michigan joined the state national bank

willful misconduct against the oil group the charges are related to the two thousand and seven deepwater horizon disaster in the gulf of mexico. plus the greeks could soon be obliged to work six days a week to pay offs they are. guardian newspaper says that's one of the terms the country's creditors the man that that's the e.u. the i.m.f. and the european central bank the troika officials are due to arrive in athens on friday whether greece has done enough to earn the next thirty two billion euro or some of their bailouts. and a quick look at currencies the euro is the strength then against the u.s. dollar when it comes to the ruble was a mixed picture for the closing figures there are some markets for a struggling to find direction decline in oil prices that not help and that resulted in the i.c.'s and then my section around it was the first time and i wraps it up for this hour bill back to you thanks a lot we're in the u.s. we'll see in about an hour from now with more from the business desk and i'll bring you today's headlines in just a few minutes stay with us. they were young and high flyin

of gross negligence for the deepwater horizon explosion that killed eleven people and subsequent oil spill that pumped two hundred million gallons of crude oil into the gulf of mexico for three months. the d.o.j. brief was filed in the court of louisiana where b.p. is in the process of settling seven point eight billion dollars in civil damages for gulf residents well you might be saying oh us then after more than two years the government's finally taking a hard line against the corporation responsible for the worst environmental crisis in history who funny thing is that it's been known since the beginning that b.p. was criminally negligent the commission that investigated the spill said b.p. and its cement contractor good old hela burton knew that the mixture use in the well construction was faulty and would allow oil leaks in fact they not only knew it but they purposely cut corners in every way to save costs. but all of this obvious criminal negligence aside at least the gulf is totally fine now all right. we're moving on spill related clean up plans and we've established a five w

negligence on willful misconduct against the oil rig the charges are related to the twenty ten deepwater horizondisaster in the gulf of mexico itself a top news oh and and today as you can see the tax managing to gain a tenth of the head of the e.c.b. meeting got coming up on thursday let's check out the common currency and see what it's up to right now because we'll be able to see if the client as investors really hold on to their positions not quite sure what mario jar gay is going to lay on the table as we're going to one twenty five forty two just that let's see what the actual markets are doing because the ruble as you can see is declining as all the bourses we've got but we are just down the my sex posting declines at this hour really taking their cues from the general to wait and see attitude across the global forces they also got to remember that is in the world's biggest economic zones that the u.s. china the eurozone and japan all the contraction right now let's have a look at you might have made we'll be able to see they are declining also supply disruptions going on at the moment wit

willful misconduct against the oil group the charges are related to the two thousand and seven deepwater horizon disaster in the gulf of mexico. also greeks didn't seem to have much to work six days a week to pay off debts the guardian newspaper says that's one of the terms the country's creditors the man that that's the e.u. the i.m.f. and the european central bank the troika officials are due to arrive in our friends on friday to assess whether greece has done enough to earn the next thirty two billion euros of the bailout and a quick look at currencies let's see what's happening there the euro is gaining strength going against the u.s. dollar when it comes to the ruble it's still a moose and against both major currencies the russian markets here are struggling to escape the negative territory and that's after we know there's been a contraction in the manufacturing side of the u.s. japan as well as china that's what i have for you i think for this was the last this well it's an ever try to make time for your headline oh you want to. give me more time next. year is. going to say we got the head

willful misconduct against the oil group the chargers are related to the two thousand and ten deepwater horizon disaster in the gulf of mexico. also greeks could soon be obliged to work six days a week to pay off debts the guardian newspaper says that's one of the terms the country skirted demanding and that's the e.u. the i.m.f. and the european central bank the troika officials are due to arrive in athens on friday whether greece has done enough to earn the next thirty two billion euros of their bailouts. well i was going to talk about the u.s. and the national debt let's leave that for the next hour now let's focus on currencies the euro is still gaining in strength and against the u.s. dollar when it comes to the ruble it's losing against both major currencies right now all the investors want to hear what will happen tomorrow that's on the thursday and of course what the europeans central bank will announce about his bond buying program now when it comes to the russian market still in the red both the r.t.s. and m i six are shutting over a half a percent there and that's how business looks

bp is insisting it is too early to tell if it came from the d p deepwater horizon accident.oding with 13,000 homes damaged. electricity has been restored to all but 38,000 customers. remember at the height of this, there were about a million people without power there. >>> and 16 members of a breakaway amish group are on trial. this is in ohio. they are charged with hate crimes. for allegedly cutting off the hair and the beards of other members of the amish faith. prosecutors argue that the defendants spent months planning these attacks while the defense claims that the acts were motivated by a family feud and do not constitute in their opinion a hate crime. >>> it is 58 minutes past the hour. "starting point" is just moments away. actually, the iphone, right, we have that -- oh, that's too bad. we had the little iphone graphic up and the new iphone is scheduled to be headed your way and you may have gotten an e-mail about it. soledad o'brien is coming up next. yesterday we caught up with former ohio governor ted strickland about the best advice he has received. take a look

bp is insisting it is too early to tell whether that oil came from the deepwater horizon accident. state officials are also getting a handle on the extent of the damage from isaac. ten parishes suffered serious flooding with over 13,000 homes damaged there. electricity has now been restored to all but 38,000 customers. >>> two bitter rivals clash in tonight's nfl season opener. forget the giants and the cowboys. the real story might be the replacement refs on the field. how it could affect the game. that's coming up. 8% every 10 years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help protect, preserve, and promote muscle health. keeps you from getting soft. [ major nutrition ] ensure. nutrition in charge! i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on web

the officials say it's too early to say if it's the result of the 2010 explosion of the deepwater horizon rig. >>> still ahead on the side, the parents of a boy with autism say he was stuck on a school bus for hours and now he's they're suing. why the ride was longer than it should have been. >> if you have a story idea, call us on the tip line or send us an e-mail to www.fox5tips@wttg.com. @wttg.co president clinton: this election to me is about which... candidate is more likely to return us to full employment. this is a clear choice. the republican plan is to cut more taxes on upper-income... people and go back to deregulation. that's what got us in trouble in the first place. president obama has a plan to rebuild america from... the ground up, investing in innovation, education... and job training. it only works if there is a strong middle class. that's what happened when i was president. we need to keep going with his plan. president obama: i'm barack obama and... i approve this message. so let's talk about coverage. based on this chart, who would you choose ? wow. you guys take a min

deepwater horizon drilled through 5,000 feet of water, then more than 13,000 feet below the sea floor the pressures are roughly about a third of what you'd see in a typical deep water well. >> reporter: like all preventers. >> as a part of what happened in the post deep water horizon world, all preventers were brought back to original equipment manufacture's standards. >> reporter: in case of a blowout, shell will have on hand a capping stack, that's what he brought an end to the gulf disaster. as to drivers like erin who has a mountain of bills and a 3-year-old to raise, she thinks there should be room for exploration, but not at the risk of another deepwater horizon. >> i would water to know like where it would be, i'd want to know how damaging it would be to the environment, if it would have an impact on the local wild life. >> reporter: regulators insist the risk in the arctic is acceptable with no easy oil left to find. it is only hard choices from here on out. >> and miguel joins us from the los angeles bureau. nice to see you again. a question for you. is this really a done dea

louisiana court saying that transocean in willful misconduct in the activities with bp in the deepwater horizonwas always involved in. the company's lost roughly half the market value since then and meantime the company supposed to eye up to a billion dollars of rig sales by the end of the year to upgrade the fleet. the ceo saying that couldn't happen until likely late 2013. back to you. >> thank you. >>> in today's yahoo! finance poll a new survey shows that u.s. global competitiveness fallen again. what do you blame the most? let's take a look. 15% say the education system. 50% say washington and politics. 10% say american parents. 4% say pop culture. hmm. sue? >> very interesting, ty. thank you. >> i would have said the education system. >> i agree with you. >>> we were flipping through "the new york times" today in the newsroom as we always do and seemed today as if there's a foreign policy problem for the united states on almost every single day. indian fish enmen captured by sri lanka. iraq sending militias to support syria president. iran flying supplies to assad and not stopping the fli

but the deepwater horizon. the trial has been underway.tice department really ramped up its rhetoric, playing a real strong, taking a sharp position against bp with this. and so, just talking about gross negligence. and also wil full misconduct. and so these types of phrases are, certainly not, comforting in any way to shareholders. and as a result, you see the stock selling off, down 3%, on a day where oil right now is flat as can be. back to you. lori: nicole, thank you. big week for tech. even though that is not the only source of innovation, tech we just learned. today we have a new phone from microsoft and nokia. it doesn't stop there. new product announcements from amazon. apple also on deck. coming up here a look what to expect, if anyone takes a big bite out of apple. melissa: as we head out to break here's a look at some of today's winners and losers. marvell technology, heading up the winners up almost a percent 1/2. we'll be right back. melissa: gold edging lower ahead of tomorrow's ecb policy meeting. is this the beginning of a