Now that president Obama is officially on a witch-hunt and looking for someones head to put on a stick - BP is likely finished. Surely they can't pay their 11 billion $ dividend with the mounting cost of the cleanup and liabilities in all of the gulf states. Short of some kind of British government intervention, they'll soon be broke.
Saddest thing, and I was shocked to hear it - the single largest shareholder of BP stock is Scottish Widows Investment Fund or SWIP (swip.com). Looks like a lot of pain for fixed income Brit's who relied on the dividend to put food on their tables.
Maybe their football team can do well at the world cup to make things better (wait a minute... the Scotts hate the English don't they?)
Another shocking thing I learned last night from CNN is that the US Army has banned any reporters from photographing rescued birds covered in oil from the spill. Really... Obama what is up? Did BP pay you a little extra to try and hide the truth - pathetic.
Now that I have some more free time I'll get some more Health / Wellness blogs up. Coming soon 'what makes a good (orthopedic) pillow' and 'orthotics', do they really help'
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