Associated PressA Brooklyn Park Slope neighborhood 1960 plane crash claimed 134 life, including six people were killed on the ground. Here's a look back on the follow-up of this deadly day in Brooklyn and the new monument unveiled Thursday to commemorate the victims at the historic Greenwood cemetery.
The major investors in financing of Bernard Madoff Ponzi scheme, Jeffry Picower estate has agreed to reimburse 7.2 billion for the victims of fraud in a settlement with the trustee in bankruptcy of the enterprise investment and federal prosecutors in Manhattan, according to people familiar with the situation.
The colony is by far the largest Ponzi scheme funding and would quadruple the amount of money recovered victims to this day.
Preet Bharara, the u.s. Attorney in Manhattan, called the colony a "truly staggering sum, which was really still money from others."
By virtue of the regulation approved by Mr. Picower...
The Federal Government announced Friday that oil, corresponding BP Plc, soufflé-out well introduced in sediments of the Gulf of Mexico, raising environmental concerns.
Officials said in a new report that they are steps provide that if oil can be cleaned.
The report also raised concerns that oil found at the bottom of the Gulf in shallow water of the coast finally could wash ashore.
The results come in a report for the operational science advisory team, a group of scientist formed in August to monitor what happened that settled in the Gulf after much of BP Oil jump at the end of April. The report also assessed what happened to the chemicals dispersants called, the authorities sprayed on hydrocarbons spilled in an effort to break it and prevents it from washing ashore.
The report cites the oil in deep sediments and in shallow waters along the shore as "areas of interest. Furthermore, he stated: in some samples of water from shallow and deep Gulf regions, tests are concentrations of contaminants associated with oil sufficiently high to present a potential risk to marine life.
It will be up to the Federal Government official responsible for sanitation - Coast Guard Rear Admiral Paul Zukunft - to decide if sediment of deep water oil can be cleaned, says the report.
As for oil found under water near the coast, said the report, the teams will try to clean if it hits the shore.
Write toJeffrey ball at the jeffrey.ball@wsj.com
Environmental Protection Agency has set stricter requirements for General Electric Co. in the next phase of the Hudson River Cleanup.
The Agency will require GE dredging sediments contaminated with PCBs more effectively during the remainder of the cleanup in the first phase and less "recovery" - a procedure which involves heavy anchor of sediment at the bottom of toxic material especially River soil.
GE has 30 days to decide if it will accept or challenge the findings of the EPA.
"GE evaluate carefully plan the EPA," said Mark Behan, a spokesman for Fairfield, Conn., conglomerate. "If we determine that the plan is consistent with our technical discussions with the EPA, which is based on sound science and that it is possible to achieve, we expect to go ahead with phase two."
Environmental groups wanted even less capping, which they worry could disrupt the river bottom habitats and allow the PCB, or polychlorinated biphenyls, leaching over time. "The decision was clearly a compromise," said Ned Sullivan, scenic Hudson President and formerly a senior environment for the State of Maine.
Two GE plants near Albany, New York, released 1.3 million pounds of PCBs during three decades legally before that toxic chemicals were banned in 1977, implementing the largest cleanings of the federal Superfund law.
The company began dredging of soils in 2009, after years of battling the EPA who is responsible for sanitation. GE conducts the work under the direction of the EPA.
EPA was initially estimated that cleaning cost 760 million. GE says that he has already spent 830 million effort since 1990, including 561 million for the plan and the design of the first phase of the work of dredging. GE CEO Jeff Immelt said analysts on a conference call on October 15, fresh from the decision of the EPA could be "a slight negative" for the fourth quarter earnings.
EPA said Friday it limit remedies recovery after initial dredging of 11% of the project area, but is beyond the areas where recovery is considered convenient cleaning only the pillars of the bedrock, clay or bridge option. In all, GE might ultimately covering approximately 92 acres, or 21%, 440 acres area then dredging. GE capped 37 percent in the first phase. Involved in the discussions of environmental groups say that GE seeks to restrict as much as 24% of the area in the second phase.
Society and environmental groups of wranglin' with EPA for months on the terms of the next phase of cleaning Hudson River. Decision on the second phase, once expected to mid-November, EPA was delayed by close to one-month technical details discussed parts.
On Tuesday, an investor meeting in New York, Mr. Immelt said that society is willing to resolve the issue. "We're going to take the dredging Hudson phase two really out of the table when looking at the future financially", said Mr. Immelt.
Write toDevlin Barrett to the devlin.barrett@wsj.com
