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X-prize. last year s winner, we should mention, is wendy schmidt. she ll also be at this brainstorming session. what was her winning submission and how s that project going? absolutely. wendy schmidt is the sponsor of the wendy schmidt clean-up x-challenge that we launched last year on july 29th to be responsive to the oil spill in the gulf. the competition is doing amazingly. we had over 400 teams that preregistered to compete. we narrowed down to just over 45 registered teams. and now just as of yesterday our judges were meeting and narrowing down final lists to ten finalists that will test their solutions starting august 1st in new jersey at a facility there. so it is an amazing prize. we will usher in new technology for oil cleanup so if this ever happens again the technology that will be used will be three times as technically workable as the ones that we have today. ....
Gulf s oil cleanup and then convinced baldwin to sell back all of his stock allegedly without telling him about the monster contract, allegedly is the keyword there. fox news legal analyst, arthur around call the la, who didn t think it was important to dress up today. joey jackson did do us the honor of putting on a tie. i m festive. gregg: you re wearing jeans and tennis shoes? [laughter] nobody can see me. cut him a break! gregg: i m going to be dissecting you today, huh? if costner does a deal without telling one of his main investors, stephen baldwin, that he s done a $52 million deal with bp and they ve already received $18 million as a down payment, isn t that misrepresentation? okay, here s the deal. this is a private company, not a public company. so if this is general electric ....
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Areas that were off-limits because of the oil spill. jeffrey kofman reports from the coast of louisiana. reporter: many of those shrimp boats that have been conscripted for oil cleanup for the last three months could be back shrimping very soon. with the leaking well capped and less and less oil on the wate the federal government is poised to announce a major reopening of fisheries. this huge area east of the mississippi will be open to commercial fishing for the first time in almost three months. work for the fishermen but less work h in venice, louisiana, bp now operates a small city. 2,100 workers get fed, housed, and well-paid to work on oil spill response. what happens if they start ratcheting down all these people, thousands of peop working on this project? it s going to be bad. people artof money, out of jobs. reporter: at the peak of spill response operations three weeks ago, 46,000 people from florida to texas were working at bp s expense. with no oil near alabama or flo ....
Jonathan, how are the folks and business necessary your area where you re at being affected by the spill? reporter: right now i m at the dean blanchard seafood company. on a typical day they would handle 40,000 pounds of shrimp, in the wake of the oil spill, it s down to zero. if you pan over here you can see the shrimping vessels and other commercial fishing vessel, many converted into vessels of opportunity, carrying boom out to the sites and involved in the oil cleanup and while that s providing temporary income for displaced fishermen, many fishermen worry what s going to happen after the spill is cleaned up, how long is it going to take the fishing industry to recover, shannon. shannon: we knee so many folks there are obviously worried about the economic impact they re already feeling. what about health concerns coming from the spill? reporter: well, they re worried about the mental toll, the health issues that the stress of the spill has been causing on so many people who hav ....