Unemployment hits 10.2%
America Blog Nov 06 09AP: The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.Economists say it could climb as high as 10.5 percent next year because employers remain reluctant to hire. Robert Reich says we have no choice to enact a larger stimulus bill, and he makes a compelling political argument for why: That should be Obama's selling point to the Blue Dogs. He should tell them the economy needs a bigger stimulus in order to show improved job numbers by the mid-term elections. Full story...
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Late Night Open Thread
America Blog 7 hours agoJohn should be back online tomorrow with plenty of updates but for now, jump in with the news at this late hour.
Bernanke's nomination hearing set for early December
America Blog 9 hours agoAlthough he shouldn't go through, he probably will. We will hear plenty of big talk but then very little action.
H1N1 flu deaths rising in UK
America Blog 12 hours agoMost people in Europe were expecting the H1N1 flu to hit hard in October, though it never quite materialized then.
Thanksgiving questions and answers
America Blog 14 hours agoA pretty good list to prepare for the big day. A few years ago a friend brined her turkey (with the Alice Waters recipe, of course) and I would never go back.
African Americans, Latinos falling behind during recession
America Blog 18 hours agoThe "progress" that the Obama administration points to for big cities makes you wonder how out of touch the economic team really is.
Health care reform debate begins
America Blog 20 hours agoIt's a long way from over, but the discussion has started. The GOP, of course, voted against even debating the subject.
Ian Dury and the Blockheads
America Blog less than a day agoWith Thanksgiving in a few days, it seemed to fit. What are you thankful for this year or at least cheerful about?
Obama pushing for provisional targets in Copenhagen
America Blog less than a day agoIf nothing else, it's a start. He's going to need to keep pushing to continue any momentum that may be started in Copenhagen but looking at the agenda on the home front, this doesn't sound very likely.
Crazier by the day
America Blog less than a day agoMaybe Americans should wake up and be concerned but not exactly in the way this loon thinks.
A billboard showing President Barack Obama wearing a turban has sparked a lot of attention at the suburban Denver used car dealership that put it up.
Citi really does deserve to be broken apart
America Blog less than a day agoThe stupidity at Citi never ends. Tolerating it though is hardly much better. Shouldn't the owner (the US government) do something about it?
For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requirement.
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