BP debt rating is cut as gulf oil leak costs mount

lockin | Videos | January 16, 2012

Moodys Investors Service and Fitch Ratings reduce their credit ratings for the oil giant, which estimates the cleanup and containment could cost it $3 billion.Some oil industry analysts say BP might have to sell assets to pay for efforts to stop the Gulf of Mexico oil leak, including the drilling of a relief well, above, and clean up the mess. Others say the company has enough cash to foot the bill. BP is becoming the new pariah of the oil industry and faces the possibility of having to sell assets if it cant show some success in the coming weeks at stemming the flow of crude into the Gulf of Mexico, Wall Street analysts and energy experts say.

The fallout from the deadly Deepwater Horizon drilling rig explosion in April continued Thursday, when credit rating firms Moodys Investors Service and Fitch Ratings reduced their assessments of BPs long-term debt.Fitch cut the oil giant to AA from AA-plus, citing the potential for civil and criminal charges and saying “risks to both BPs business and financial profile continue to increase.Fitch estimated that the company could spend as much as $3 billion on cleanup and containment this year. The federal government Thursday sent BP its first bill covering oil-spill response costs so far, totaling $69 million.

Moodys lowered BP to AA2 from AA1 and put it on review, which might lead to another downgrade. Moodys said costs related to the protracted oil leak will “weigh significantly” on BPs cash and “constrain its ability to focus on other key areas of the company business.

Sadsbury Woods Preserve

lockin | Attractions | January 16, 2012

A more than 500-acre nature preserve ideal for walking and hiking, Sadsbury Woods is also an important habitat for interior nesting birds and small mammals. An increasingly rare area of interior woodlands, defined as an area at least 300 feet from any road, lawn or meadow, provides a critical habitat for many species of birds, especially neo-tropical migrant songbirds.

Situated on the western edge of Chester County, the land remains much as it did centuries ago, and now serves as a permanent refuge in an area facing dramatically increasing development pressure.

The colorful birds that breed in the forest during the spring and summer months fly to South America for the winter. To survive here, they need abundant food and protection from the weather and predators, something they´re able to find in Sadsbury Woods. A recent bird count identified more than 40 different species in just one morning.

The preserve has been assembled from more than one dozen parcels, an effort that was made possible thanks to landowners who were willing to sell their land for conservation purposes. One such landowner recalled exploring these woods as a child and wanted to ensure that his grandchildren and great-grandchildren would be able to do the same. Natural Lands Trust is working to expand the preserve, and hopes to eventually protect a total of 600 acres.
Support the Natural Lands Trust

The Natural Lands Trust seeks volunteers and members to help protect and care for Sadsbury Woods and its many other natural areas. Members are invited to dozens of outings each year including canoe trips, bird walks, hikes and much more.
Come Prepared

The preserve is open from sunrise to sunset. Pets must be leashed. Alcoholic beverages, motorized vehicles and mountain bikes are not permitted. Horseback riders are welcome, but you must ride in, because there nowhere to park a trailer. Maps and other material are available in the kiosk by the parking area.
Outsider Tip

The deep forest is a great place for spotting neo-tropical songbirds in the spring and summer months

Please Touch Museum

lockin | Attractions | January 16, 2012

New Location!

Who doesn´t love the Please Touch Museum? And now, taking kids to the Museum is better than ever. The nation´s premier children´s museum – which has been a beloved landmark since it opened in 1976 – has a new home in Fairmount Park, opening its doors to a world of educational, hands-on fun.

The new location in Memorial Hall – a National Historic Landmark built in 1876 for the Centennial Exhibition celebrating the country´s 100th birthday – will boast three times more space for exhibitions and programs.

Just outside the museum, kids and adults will also delight in riding the meticulously restored 1908 Woodside Park Dentzel Carousel, built in Philadelphia for a now-defunct amusement park 10 blocks from Memorial Hall.

Visit The Please Touch Museum for more info!

The Experience

The city´s award-winning children´s museum is fun-filled, totally hands-on, and so delightful that adults are entertained, too. Each nook and cranny has a different theme – from the fantastic to the practical. In Alice´s Adventures in Wonderland, kids can play croquet with the Queen and sip tea with the Mad Hatter; nearby, oversized props bring Maurice Sendak´s classics to life.

Kids can take the wheel of a real bus and sail a boat on a mini-Delaware River; in

Franklin Square

lockin | Attractions, Feature | January 16, 2012

Location

6th and Race Streets in Historic Philadelphia

The Experience

One of Philadelphia´s newest historic attractions is also one of its oldest.

Franklin Square, one of the five public squares that William Penn laid out in his original plan for the city, has undergone a dramatic renovation.

The park now boasts several all new, family-friendly attractions, including a miniature golf course, a classic carousel, storytelling benches, a picnic area and more.

Mini Golf

At Philly Mini Golf, an 18-hole miniature golf course decorated with some of Philadelphia´s favorite icons, play a round of putt-putt and learn a little history at the same time.

Carousel

Close your eyes and take a nostalgic ride on the Philadelphia Park Liberty Carousel, a classic tribute to Philadelphia´s great heritage of carousel-making. It´s sure to be a instant kid favorite.
Storytelling Benches

Then catch up on your history at one of the storytelling benches located throughout the park, where you can hear tales of Franklin Square´s past, or learn about the many communities touched by the Square, courtesy of the friendly storytellers of Once Upon a Nation.

Fountain

And emanating from the corners of the historic park, four new herringbone brick walking paths with nighttime lighting bring even more charm to the Square after dark. The paths lead to the centerpiece of the Square, the Franklin Square Fountain, a marble masterpiece built in 1838 surrounded by wrought iron fences, which is currently still going under cosmetic restoration.

The History

Originally named