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Obama wants BP to set up spill escrow account

Ethnic Uzbeks try to extinguish a fire in a burning residence torched by mob in Jalal-Abad, Kyrgyzstan, on Sunday. PHOTO: AP

US President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

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