taxpayers have been unfairly labeled as lazy. and the criminaled cruise line is pushed finally pulled into port. we re live in the seychelles for that. first up, let s get straight to the european stock market action. these markets have been open for the best part of just over an hour. this is how the indices are performing. a little die cot many between the two eurozone markets. the cac is trading down about .25%. ftse 100 up. what has got their attention. ben bernanke s comments are weighing heavily on sentiment not just across europe but also across the world markets as well. this is because he s offered a down beat assessment of the recovery. it is one of the things that has these markets pausing for the moment. european leaders and finance ministers are also in brussels today. over the next two days to come. what they ll be doing is hosting a series of summits designed to strengthen the region s finances and also to prevent another greece-like situation from happenin
of confusion about who, under this the moratorium, could actually put in for reimbursement. ken feinberg in an interview with chris lawrence two days ago said anybody could put in as part of this $20 billion thing. now they re making clear, no, no, no, only drill workers can apply for recompensation through this $100 million fund bp had. woefully inadequate. the $100 million fund is going to last about five weeks if they have to compensate every drill workers salary. going back and forth is going to be classic. i just hate to even predict how horrible it s going to be for people to make these kind of claims. but the fact that the administration just thinks, okay, we re going to solve this with a bunch of billion dollars reflects a fundamental misunderstanding of how long reaching far reaching and long this is going to be. whole economies are going to shut down. 20 billion is a drop in the bucket. how are you going to recompensate somebody, say, all
the $100 million fund is going to last about five weeks if they have to compensate every drill workers salary. going back and forth is going to be classic. i just hate to even predict how horrible it s going to be for people to make these kind of claims. but the fact that the administration just thinks, okay, we re going to solve this with a bunch of billion dollars reflects a fundamental misunderstanding of how long reaching far reaching and long this is going to be. whole economies are going to shut down. 20 billion is a drop in the bucket. how are you going to recompensate somebody, say, all the guys that own condos from here to panama city who are totally empty? i just drove down the alabama coast last weekend. three cars in every parking lot. all those condos depend on people renting them out to pay their mortgage. you think we had a housing crisis last week last year, how are you going to pay those guys back? how are you going to pay off the maids? there was a story in the
misunderstanding of how long reaching far reaching and long this is going to be. whole economies are going to shut down. 20 billion is a drop in the bucket. how are you going to recompensate somebody, say, all the guys that own condos from here to panama city who are totally empty? i just drove down the alabama coast last weekend. three cars in every parking lot. all those condos depend on people renting them out to pay their mortgage. you think we had a housing crisis last week last year, how are you going to pay those guys back? how are you going to pay off the maids? this is going to dwarf katrina and it was billion dollars. the biggest problem right now, we need manpower, equipment. you re not seeing it out there. no. just blight. if we were being invaded by a foreign country, we would be an occupied country right now. yet the reality on the ground, there doesn t seem to be that real sense if you were here