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Friday, October 2, 2009
Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.
The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.
The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.
“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.
Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”
“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.
Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.
The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.
The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.
A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.
Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.
Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.
Saturday, October 7, 2006
In the 2006 World Cup final, Fabien Barthez’s mistake allowed Materazzi to score a decisive goal.The bald keeper, who’ll be remembered for being top-head kissed at the start of each international match by teammate Laurent Blanc, was desperately hoping for revenge against Italy last September in the Stade de France but Grégory Coupet became the #1 rated French football goalkeeper therefore pushing Fabien in retirement announced officially yesterday.
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If your company uses electric motors, you ATZ. Here are some ways you can get more for your money.
The Importance of Finding the Right RebuilderMany kinds of equipment have specific standards to follow when it comes to reconditioning or rebuilding. However, this is not the case with equipment like a Reliance DC Motor B508ATZ. In fact, there are no set standards so anyone can take a used motor, test it, clean it up, paint it, and sell it as “reconditioned” even though they did nothing to improve a secondhand motor.
When you shop for industrial motors, you should check out a reputable rebuilder. The price of a used Reliance DC Motor B508ATZ is expensive so you could waste valuable time and money if you think you are getting a good reconditioned motor. But how can you separate the good rebuilders from the pretenders? Here are some things to look for.
TestingThe best companies use a meggar test. This effectively measures the wiring insulation resistance. A poor test can indicate the motor might not have many hours left.
Make sure the rebuilder does a high potential test too. This is another way to ensure the wiring insulation is in good condition. Also called a “dielectric withstand test” or “hipot,” it checks to make sure no current flows from one insulated area to another.
The best companies do surge comparison testing and disassemble the motors. They check all components and replace bad parts. This gives you a motor you can depend on at an affordable price.
Saturday, September 27, 2008
The plan to incinerate over 200 years’ worth of archived newspapers at the University of Oslo was paused this week, following an article by the Norwegian newspaper Aftenposten publicising the intended destruction.
The unwanted archives take up 3 kilometres of shelf space, and neither the University nor the National Library are interested in retaining and storing the years of history any more.
The collection consists of both Nordic and non-Nordic newspapers, including Manchester Guardian, New York Times, Frankfurter Allgemeine Zeitung and Le Figaro.
A planned incineration of them in 2002 was avoided by moving them into a warehouse owned by Nils Christian Bang at Follum Grend, near Ringerike. Edgar Learn Borg, retired supervisor of the collection, continues to be involved in the preservation of the collection which hasn’t been accessed by researchers since its move.
The order came again to clean up the store. Frode Meinich, technical director of the University, says that the collection is not unique, and indicated that the University needs temporary storage for some antiquarian furniture during renovation of a music facility of the University.
In 2007, Frode Meinich told Aftenposten that a national program of infrastructure modernization was desperately needed. “For the time being we are managing to keep the ship afloat, but if something serious isn’t done in the next few years we have a major problem”.
Saturday, July 7, 2007
At least 38 new cases of the H5N1 strain of bird flu have been found in wild birds in eastern Germany today. These discoveries, in conjunction with the fifth outbreak in France in 17 months, have prompted both countries to raise the bird flu risk assessment level.
German scientists discovered the outbreak after receiving 38 confirmed cases, all of which came from the eastern states of Saxony-Anhalt and Thuringia.
In France, three swans have been found dead in an Assenoncourt pond sparking a massive response from French authorities. Most bird related activities have been banned and a control zone half a mile (c. 800 metres) in radius has been placed around the pond. Careful monitoring will take place for any further deaths or signs of illness in this area.
Many commercial poultry owners have been told to keep their birds inside as a precaution to prevent the disease from spreading further through Europe.
French health minister Roselyn Bachelot has stated that the current state of alert is appropriate, given the potential risk to human life posed by influenza.
Authorities fear the virus may spread across Europe and cause a pandemic, as was seen in Asia and Europe last year.
Following the outbreak of 2006, 13 EU members (namely Austria, Britain, the Czech Republic, Denmark, France, Germany, Greece, Hungary, Italy, Poland, Slovakia, Slovenia and Sweden) had all confirmed cases of bird flu.
In April last year, France found that more than 60 wild birds at a farm with 11,000 turkeys were infected with H5N1. Globally, where it has spread to humans, the virus has killed almost two thirds of the 300 reported cases, according to the WHO.
Wednesday, March 16, 2005
The United Kingdom Chancellor of the Exchequer, the Right Honourable Gordon Brown PC MP, in a speech to the British House of Commons today presented his ninth Budget, what is very likely to be his last Budget before the next UK General Election. This opened the parliamentary debate on the 2005 Finance Bill, and was followed by responses from the opposition parties.
In a 48 minute long speech, the Chancellor presented a Budget of “tax cuts that are reasonable, spending that is affordable, and [economic] stability that is paramount”, that was “the prudent course for Britain”. There were few surprises that had not already been indicated in his 2004 pre-Budget report. The increase in the threshold on stamp duty was greater than that forecast by commentators, as was the amount of the Council Tax rebate to households with pensioners.
Sunday, November 25, 2007
Despite the hopes of many University of Wisconsin-Madison (UW) students, The Onion was not named after their student center. “People always ask questions about where the name The Onion came from,” said President Sean Mills in an interview with David Shankbone, “and when I recently asked Tim Keck, who was one of the founders, he told me the name—I’ve never heard this story about ‘see you at the un-yun’—he said it was literally that his Uncle said he should call it The Onion when he saw him and Chris Johnson eating an onion sandwich. They had literally just cut up the onion and put it on bread.” According to Editorial Manager Chet Clem, their food budget was so low when they started the paper that they were down to white bread and onions.
Long before The Daily Show and The Colbert Report, Heck and Johnson envisioned a publication that would parody the news—and news reporting—when they were students at UW in 1988. Since its inception, The Onion has become a veritable news parody empire, with a print edition, a website that drew 5,000,000 unique visitors in the month of October, personal ads, a 24 hour news network, podcasts, and a recently launched world atlas called Our Dumb World. Al Gore and General Tommy Franks casually rattle off their favorite headlines (Gore’s was when The Onion reported he and Tipper were having the best sex of their lives after his 2000 Electoral College defeat). Many of their writers have gone on to wield great influence on Jon Stewart and Stephen Colbert‘s news parody shows.
And we are sorry to break the news to all you amateur headline writers: your submissions do not even get read.
Below is David Shankbone’s interview with Chet Clem and Sean Mills about the news empire that has become The Onion.
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Monday, August 3, 2009
Two Palestinian families who have been living in East Jerusalem since 1956, were evicted from their homes on Sunday after an Israeli court rejected their appeal filed against the eviction. The eviction comes after increasing international pressure on Israel to stop settlement activity and end home evictions.
Israeli security forces entered the homes at 6:00 a.m. (local time) and forcibly removed the family and international activists who were also living in the homes. At least 19 children were among those removed. Al Jazeera reports that a family was beaten with batons as they tried to get back into their house. JTA reports that Jewish families moved into the homes shortly after the Palestinian families were evicted.
Israeli Prime Minister Benjamin Netanyahu has laid biblical claim to the areas of East Jerusalem and has stated that Jews have the right to live anywhere in the city. Although Jerusalem is internationally recognized as occupied territory, Israel continues to evict Palestinians and instead build Jewish only apartments in the area, an action which is considered to be illegal under the Fourth Geneva Convention. Israel has plans for 350 new apartment buildings in East Jerusalem. U.N special coordinator for Middle East Peace, Robert Serry, condemned the evictions as “totally unacceptable”.
The international community, including the United States, has called on Israel to stop settlement activity and allow for the creation of a Palestinian state.