Jobless Rate 9.6 Percent In August; Private Payrolls Up By 67,000

The nation’s jobless rate inched up to 9.6% in August from 9.5% in July, the Bureau of Labor Statistics just reported. Private employers added 67,000 jobs to their payrolls, BLS also said. But a drop in government employment (much of it due to the laying off of temporary Census workers) led to a net decline [...]

Jobless Rate 9.6% In August; Private Payrolls Up By 67,000

The nation’s jobless rate inched up to 9.6% in August from 9.5% in July, the Bureau of Labor Statistics just reported. Private employers added 67,000 jobs to their payrolls, BLS also said. But a drop in government employment (much of it due to the laying off of temporary Census workers) led to a net decline [...]

‘Recovery Summer’ Ends With Economic Pothole

Whatever happened to recovery summer? This was supposed to be the season the economy heated up, thanks to a wave of public works projects, funded by the government’s stimulus program. But summer is coming to an end, and the recovery has not taken root. Forecasters are expecting another gloomy employment report on Friday. And before [...]

Massey Execs’ Access To Mine After Blast Questioned

An NPR News investigation has revealed new concerns about what happened in the hours after the explosion at the Upper Big Branch coal mine in West Virginia, where 29 mine workers died in April. Two officials from mine owner Massey Energy were underground unsupervised for four hours after the blast. They traveled nine miles underground and reached [...]

Massey Officials Underground For Hours After Blast

An NPR News investigation has revealed new concerns about what happened in the hours after the explosion at the Upper Big Branch coal mine in West Virginia, where 29 mine workers died in April. Two officials from mine owner Massey Energy were underground unsupervised for four hours after the blast. They traveled nine miles underground and reached [...]

Kabul Bank Woes Spur Call For Another U.S. Treasury Bailout

Something of a bank run appears to be underway in Afghanistan as scared depositors pull their money out of Kabul Bank, or try to. The withdrawals by Kabul Bank depositors was triggered by news that two top bank officials left the institution earlier this week as corruption allegations swirled around the bank. The two officials [...]

Burger King Sold For $3.26 Billion To Private Investors

It appears the somewhat creepy Burger King figure in the company’s TV ads is catnip to some people. Like a few really wealthy investors at a New York private-equity firm called 3G Capital Management who have agreed to buy the fast-food chain for $3.26 billion or $24 a share. And all those who doubt the [...]

Takeda And Orexigen Make Deal For Diet Pill

Well, we didn’t think today was going to be all-diet-pills-all-the-time, but here we are with another post on the subject. Japanese drug giant Takeda and San Diego-based Orexigen have struck a marketing partnership to sell Contrave, an experimental weight-loss pill Orexigen has submitted to the Food and Drug Administration for approval. The medicine combines bupropion, [...]

The New Republic: A Moment Of Unusual Uncertainty

William Galston holds the Ezra Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a Senior Fellow. He is also College Park Professor at the University of Maryland. He is the author of eight books in the fields of political theory, public policy, and American politics. Ben Bernanke’s “unusually uncertain” may [...]

National Review: An End To The ‘Big-Unit’ Era

Michael Barone is senior political analyst for the Washington Examiner. Some of the most important things in history are things that didn’t happen — even though just about everyone thought they would. Recent example: Scads of liberals gleefully predicted that the financial crisis and deep recession would destroy Americans’ faith in markets and increase their [...]