Wednesday, June 25, 2008

Supreme Court saves Exxon $2 billion

The U.S. Supreme Court released its opinion on whether Exxon should pay $2.5 billion in punitive damages arising out of the 1989 Exxon Valdez disaster. In a decision that comes as no surprise to anyone...except maybe those who expected that the court would throw out punitive damages in their entirety...the court reduced the punitive damages from $2.5 billion to roughly $504 million, which is about $46 dollars for every gallon of oil they spilled in Prince William Sound.

Several observations:

1. Champagne corks are flying at the Exxon boardroom in Dallas. You can hear the popping sounds all the way over here in Fort Worth.

2. Exxon is the most profitable corporation in the history of ever. It set an annual profit record by earning $40.61 billion last year - or nearly $1,300 per second in 2007. That eclipsed its previous record of $39.5 billion in 2006.

3. Justice Samuel Alito did not participate in the decision because he owns Exxon stock. As if...

Wednesday, June 18, 2008

Longhorn suing Sooner for torn scrotum

Now there's a title I never thought I'd write.

As I posted some months ago, a Longhorn fan apparently had the poor judgment to wear a UT jersey into a bar in Oklahoma City, where he ended up getting in a fight - of sorts - with an OU fan. It seems that in the ruckus, the OU fan grabbed onto the UT fan's privates and pulled mightily.

Now the UT fan has sued the OU fan. Good for him. And good luck finding an impartial jury.

Monday, June 16, 2008

And another truck wreck in Dallas


LBJ Freeway was shut down in both directions near Plano Road after a fiery and fatal crash Sunday morning. Three vehicles — including an 18-wheeler and a pickup truck — collided in the eastbound lanes of of the highway just east of Plano Road at 7:35 a.m. All three vehicles caught fire. There were still massive backups on LBJ Freeway on Sunday afternoon, more than six hours after the incident.

Also from regarding that same wreck:

A 22-year-old woman was killed after she was hit by a car while trying to take pictures of a three-vehicle accident on LBJ Freeway early Sunday. April Sterling, of Dallas, and her friend were heading west on LBJ Freeway near Plano Road when they stopped so she could take pictures of the accident that occurred about 7:45 a.m., said Dallas police Sgt. Gil Cerda.
Ms. Sterling wanted to get closer to the accident scene so she ran into the HOV lane when a vehicle traveling west struck her, throwing her into the eastbound lanes of the freeway. She was taken to Parkland Memorial Hospital where she died from her injuries.

The three-vehicle accident shut down both sides of LBJ Freeway for several hours. Police said a tractor-trailer was heading east on the freeway and driving over a hill when he locked his brakes to avoid hitting two trucks parked on the freeway's shoulder. The tractor-trailer crashed into the two pickups, causing all three vehicles to burst into flames. One driver was taken to an area hospital. That driver's condition was unknown Sunday evening. Sgt. Cerda said the tractor-trailer driver faces a misdemeanor charge of faulty evasion action.