A new view: Gov. John Bel Edwards on Thursday signed into law a bill that allows Louisiana families to install video monitoring systems in their loved ones’ nursing home rooms, as long as certain conditions are met. Under the new law, The Associated Press reports nursing homes can’t prohibit the cameras or retaliate against residents who want to install them. Cameras will be voluntary, and a long list of requirements would have to be met to use them. Signs must be posted, notifying people of the video monitoring systems. By Jan. 1, nursing homes will have to provide forms to nursing home residents or their legal guardians outlining the ways the cameras can be installed. Read the full story.
Expensive date: The price of a private lunch with investor Warren Buffett could set a record this year, with bids already surpassing $3 million, The Associated Press reports. The online auction, which raises money for the Glide Foundation’s work to help the homeless in San Francisco, wraps and up tonight at 9:30. Bids had climbed past $3.2 million by this morning. The record price that auction winners paid in 2012 and 2016—$3,456,789—remains the most expensive charity item ever sold on eBay. The winners of the lunch auction typically dine with Buffett at Smith and Wollensky Steak House in New York City. Read the full story.
Oil saturated: Oil in New York headed for a second weekly loss this morning as U.S. output surged, pushing the American marker to near its weakest level in more than three years against global benchmark Brent, Bloomberg reports. West Texas Intermediate futures are down 1.5% this week as pipeline bottlenecks in the Permian Basin add to pressure from unprecedented levels of U.S. production. U.S. crude production has risen 10.77 million barrels a day, the highest in weekly data going back to 1983 Brent crude is 1.5% higher this week even as investors await news on whether OPEC and its allies will agree to boost production. WTI futures for July delivery traded at $66.87 a barrel on the New York Mercantile Exchange, down 17 cents, after dropping 1.7% on Thursday. Total volume traded this morning was about 20% below the 100-day average. Read the full story.
