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LATEST UPDATE AND PICTURES from the gulf oil spill. Plus, hard times on the gulf coast. Also,?

By Glenn Reynolds

LATEST UPDATE AND PICTURES from the gulf oil spill.

Plus, hard times on the gulf coast.

Also, BP Stops Paying The Bills. “Generally speaking, when a company fails to make payroll or meet its Accounts Payable on time, it?s a sign of potential collapse. Sometimes, it?s just a simple issue of red tape within large corporations. It?s hard to tell which is which, but with BP transferring $20 billion into a trust fund and spending a few billion more on the cleanup, it?s certainly not unreasonable to wonder about its cash flow and stability.”

Full post as published by Instapundit.com on July 08, 2010 (boomark / email).