Word: reports
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...Department of Labor announced that the non-farm payrolls shed an unexpectedly high 240,000 jobs in October, the tenth straight monthly decline, and yet another sign that the recession's grip is tightening. Overall, the unemployment rate surged to 6.5%, higher than most economists had been expecting. The report added to that gloom with a downward revision of September job losses to 284,000, the biggest monthly loss since...
...prospects for a turnaround anytime soon are not good, as companies engaged in recruitment report discouraging numbers as well. Job postings from employers fell in all nine Census Bureau regions in October, according to a report released by the job search website Monster.com, whose employment index slid 10 points last month after rising in August and September. The precipitous drop, said Monster Worldwide's vice president of research, Jesse Harriott, "suggests that U.S. businesses are scaling back their recruitment due to uncertainty surrounding the global financial crisis." Other reports confirm the trend: Almost 30% of executives surveyed by the consulting...
...spending at the pump. So, you would expect that the Corporate Average Fuel Economy (CAFE) ratings - the industry-wide minimum standards that the government uses to push automakers to improve gas mileage - would also use the updated tests. But guess what? They don't. (See TIME's special report on Global Warming...
...also matters to the economy - although oil prices have plummeted in recent weeks, the International Energy Agency just issued a report predicting the inevitable return of triple digit oil prices. And it matters to climate change - more than 20% of U.S. carbon emissions come from road vehicles...
...done to his Alaska home by an oil-services company (Stevens, amazingly, appears to have been re-elected in a close race). There's been no discussion of punishing Inouye yet. "Having Inouye campaigning for Ted Stevens complicates matters some," says Charlie Cook, publisher of the nonpartisan Cook Political Report, which tracks congressional races. "Besides, Lieberman votes with the party over half the time." (Read "Congressional Races to Watch...