Sorry, it takes much too long! by Milota Sidorova

BP owned underwater well is effectively dead, but the real machinery has just started. The company that's been charged up to $20 billion escrow to pay back thousands of thousand residents in four American states is prolonging the process. Once mentioned in Kafka's buraucracy machine novel called the Castle is taking power over the process. BP has to cover all expenses with cleaning underwater oil spill that is literally beyond human and economy reach. But it also has to repay residents, small businessmen, fishermen, sailors, tourist attraction owners and many others. The crucial industry in the area has been attacked – fishing and tourism has been threatened. And now ! it takes much too long to get those funds back. Perhaps, it takes more than it's acceptable and this is the moment, even BP officials realize the fact. Ken Feinsberg of Gulf Coast Claims facility has recently agreed that the process was constantly delayed. According to his own words he had raised people's expectations and then wasn't living them up. He addmited that he underestimated the time element. Just a week ago the same excuse was published in Associate Attorney Generla Thomas J. Perrelli's letter – Perrelli called the pace of claim processing „unacceptable“. Being sorry, however is different than to do something against to it. BP is dancing at the edge of the knife, because its trust have been irreversibly undermined and its market value went to the half price. And it's still facing public dissatisfaction over complain processing. Feinsberg has called a press release over next weekend in which he promise to release more progressive details about ! „implementing new procedures“ and improving curren! t situat ion.

related story (sgx18276): http://news.yahoo.com/s/yblog_upshot/20100927/bs_yblog_upsho...

by Milota Sidorova for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of yo! ur fingers.