The Senate Judiciary Committee formally opens confirmation hearings for Supreme Court nominee, Elena Kagan. NPR’s Nina Totenberg reports for Morning Edition Senators will have reviewed Kagan’s critical writings on the nomination process for Justices:
NPR's Nina Totenberg on Kagan hearings
Totenberg adds people who are helping Kagan prepare for these hearings are warning her to avoid responses that seem arrogant. Apparently, having a really boring hearing is a good idea.
G20: WE AGREE TO CUT THE DEFICIT (EXCEPT WHEN WE DON’T)
The Group of 20’s statement at the end of the Toronto summit essentially said all the countries would cut their national deficits in half by 2013 (except for Japan) and adopt growth friendly fiscal consolidation plans (except when they don’t). If a G-20 country breaks this commitment, what happens? Nothing. As Christi Parsons of the LA Times reports, the leaders agree there’s no one-size-fits-all answer. Here’s a warning to heed from India’s prime minister, Manmohan Singh (Ph.D. in economics from University of Oxford): “Contractionary policies, if followed by many industrialized countries simultaneously, could provoke a double-dip recession.”
BP SPENDS $2.65 BILLION SO FAR ON OIL CLEANUP COSTS
The company’s latest press release says $128 million of that has gone to pay some 80,000 claims filed with the company. Also, BP reports the first relief well that it began drilling in the Gulf of Mexico on May 2 has reached a depth of 16,546 feet. It has to be 18,000 feet deep to properly intercept the broken well. There is a second relief well being dug – it got started on May 16th and it’s currently at a depth of about 12,000 feet. BP says it still estimates three months are needed before they’re “completed”. Mark your calendar for Monday, August 2nd. It is not clear how long it will take for the drills to be successful.
DON’T PUSH THAT BUTTON – JUST DANCE!
YouTube has cleverly inserted a teeny soccer ball icon in the bottom right hand corner of some vids. It won’t give you a World Cup update. It’ll give you the most commented-upon sound in the world: the vuvuzela. Rather than venting your frustration, you may instead want to try recording yourself doing the Waka Waka for a good cause: