Politics Jun 07

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Oil Spill Liability a Complicated Legal Web

As oil continues to leak into the Gulf of Mexico after the Deepwater Horizon oil rig exploded and sank, the amount of legal damages that BP and other companies might owe is an evolving issue before Congress.

Question: Is California printing its own money? Paul Solman: Funny you should ask. The State of California Franchise Tax Board website currently features this statement: “We will accept registered warrants…towards the payment of tax liabilities.” State taxes, of…

Question: My high school daughter asked me a question I can’t answer. Can the Dow fall to zero or into negative numbers? Paul Solman: Ah, at last. A question I can definitively answer: ABSOLUTELY…

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