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New video on oil leak


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More video of oil spewing from the damaged oil well a mile underwater in the Gulf of Mexico. Meanwhile, BP says that the leak will have only a "very modest" environmental impact. Here's what CEO Tony Hayward told Sky News (via AFP):

"I think the environmental impact of this disaster is likely to have been very, very modest. It is impossible to say and we will mount, as part of the aftermath, a very detailed environmental assessment. But everything we can see at the moment suggests that the overall environmental impact will be very, very modest."

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Recent stories on LA Observed:
Barry Diller's many paychecks
Say hello to the marijuana vending machine - and it's made in California
Good tip for job candidates: Always ask questions
Former Calpers CEO charged with fraud*
The Walmart story that everyone is talking about
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