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U.S. has ‘long way to go’ after poor jobs report: Obama
President Barack Obama said Friday the US economy has “a long way to go” towards a strong recovery, after the government released weak jobs figures showing unemployment crept up to 9.2 percent. Obama said the poor jobs report “confirms what most Americans already know,” that the recovery from what he…
Clinton: ‘I’ll be surprised’ if Obama not re-elected
Former US president Bill Clinton said Thursday that he expects to see fellow Democrat Barack Obama re-elected to the White House in 2012. “I’ll be surprised if he’s not re-elected,” Clinton told ABC News. “I’ve always thought he would be.” Clinton, who led the country from 1993 to 2001, was the last Democratic president…
Spain’s ‘indignant’ launch new protest march
BARCELONA (AFP) – Spain’s “indignant” activists began their last and longest protest march on Saturday, leaving from the northeastern city of Barcelona to cover 650 kilometres on their way to a major Madrid rally on July 24. Two other marches set off earlier this week, from Valencia in the east…
Romney revives Thatcher campaign ad
WASHINGTON (AFP) – Mitt Romney Friday compared President Barack Obama’s America to the economic blight of 1970s Britain, invoking an iconic campaign advertisement to boost his Republican presidential run. “Obama Isn’t Working” read a mocked-up campaign poster on Romney’s website, in tribute to the Conservative Party’s devastating “Labour Isn’t Working”…
Progressive Dems launch anti-unemployment tour: ‘Jobs equal deficit reduction’
WASHINGTON – With the debate on Capitol Hill having shifted from job creation to deficit reduction, the Congressional Progressive Caucus on Tuesday launched a 12-city summer listening tour aimed at refocusing the economic discussion on the unemployment rate. “The Republican majority has not offered one bill, one proposal, one concrete…
Key Dem Senator: Obama ‘snookered’ by GOP into talking deficit over jobs
WASHINGTON – Urging the administration to enact new measures to lower the unemployment rate, Sen. Tom Harkin (D-IA) said President Barack Obama got “snookered” by Republicans into prioritizing deficits over jobs. “I am concerned about the Obama administration’s approach on this,” Harkin, the chairman of the Health, Education, Labor and…
Just 54,000 jobs created in May as unemployment rises to 9.1%
WASHINGTON (Reuters) – Employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan’s earthquake bogged down the economy. Nonfarm payrolls increased 54,000 last month, the Labor Department said…
Spaniards vote amid protests over mass unemployment
MADRID — Spaniards voted Sunday in local elections forecast to inflict a crushing defeat on the ruling Socialists as anger over mass unemployment boiled over into popular protests. Protesters, who blame politicians for bleak economic prospects and a jobless rate of more than 21 percent, remained camped in central Madrid’s…
Spanish protesters cheer for ‘world revolution’ as ban on demonstration takes effect
MADRID — Thousands of protesters in Madrid furious over soaring unemployment staged a silent protest and then erupted in cheers of joy as a 48-hour ban on their demonstration took effect on Saturday. “Now we are all illegal” and “the people united will never be defeated,” were among the chants…
244,000 jobs added in April, but unemployment rises to 9%
(Reuters) – U.S. employment increased more than expected in April as private companies created jobs at the fast pace in five years, pointing to underlying strength in the economy, even though the jobless rate rose to 9.0 percent. Nonfarm payrolls rose 244,000 last month, the most in 11 months, the…
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