“I Will Never Do Business In The United States Of America Again”

From Washington blog: Two-Out-Of-Three Americans (66%) Believe the Federal Government Has Not Been Aggressive Enough In Pursuing  Criminal Behavior By Wall Street Bankers A poll last month from Rassmussen found: Two-out-of-three Americans (66%) believe the federal government has not been aggressive enough in pursuing possible criminal behavior by some Wall Street bankers …. Top economists […]

Over 300,000 Kiwis on benefits

The number of New Zealanders receiving a benefit has risen to 302,000 – the highest level since 2005. There was “no escaping” the effects of the recession on the economy, Social Development and Employment Minister Paula Bennett told Parliament’s social services select committee this morning. As unemployment soared the number of people receiving the dole […]

US private sector shed 250,000 jobs in November

WASHINGTON (AFP) — The US private sector lost 250,000 jobs in November, the largest decline in six years, in a further indication of a tightening labor market amid recession, according to a private payrolls report Wednesday. The job loss was again driven by the goods-producing sector, which posted its 24th consecutive monthly decline in November, […]

‘Tens of thousands to be laid off every week’ as UK falls into recession

Tens of thousands of people could be laid off every week in the run-up to Christmas as the UK economy falls into recession, David Blanchflower of the Bank of England’s monetary policy committee warned today. Blanchflower told MPs to expect “a large increase in unemployment”, and warned that a “horrible surprise” could be just around […]

Low unemployment rate hides rise in long-term jobless

WASHINGTON — Bill Clinton’s campaign famously defined the 1992 election with the phrase, “It’s the economy, stupid.” Today, “It’s the jobs, stupid.” The latest employment figures, released in late January, showed a 52-month streak of job creation ending with a loss of 17,000 jobs in January. The Bush administration acknowledged the contraction, but pointed to […]