Six Reasons the Economy Needs Memorial Day

The origins of Memorial Day date to the aftermath of the Civil War, when people would decorate the graves of fallen soldiers to honor their service. The holiday still retains its reverential and patriotic spirit, but its economic consequences, though smaller than those of other holidays, cannot be overlooked.

All Gulf States Are Now Feeling BP's Oil Spill

Oil from the broken well has befouled beaches and wetlands in Louisiana, Florida and Alabama over the last two months, killing wildlife and dampening the normally vibrant tourism industry. Around five gallons of tar balls were found Saturday on the Bolivar Peninsula to the northeast of Galveston, The Associated Press reported. It%u2019s not clear what pushed them ashore, with authorities speculating that it could be due to Hurricane Alex or even to boats working in the clean-up operation.

Gulf Coast Tourism Spots Ask BP for $55 Million Grant

A consortium of Gulf Coast tourist destinations has requested a $55 million grant from BP to fund a marketing campaign aimed at luring vacationers back. While the group hopes to entice tourists, it will also need to be honest about the spill's impact on their beaches.