| Source | News Date | Most Recent Story | Breaking News or Not |  | 2010-09-03
08:45:11 | U.S. Economy Lost 54,000 Jobs in August; Jobless Rate Rose to 9.6%
The unemployment rate rose in August for the first time in
four months as weak hiring by private employers wasn't enough
to keep pace with a large increase in the number of people
looking for work.
The Labor Department says companies added a net total 67,000
new jobs last month, down from July's upwardly revised total
of 107,000.
Overall, the economy lost 54,000 jobs as 114,000 temporary
census positions came to an end. State and local governments
shed 10,000 positions. The jobless rate rose to 9.6 percent
from 9.5 percent in July. | | | 2010-09-02
21:39:32 | BP Says Limits on Drilling Imperil Spill Payouts
BP is warning Congress that if lawmakers pass legislation
that bars the company from getting new offshore drilling
permits, it may not have the money to pay for all the damages
caused by its oil spill in the Gulf of Mexico.
The company says a ban would also imperil the ambitious Gulf
Coast restoration efforts that officials want the company to
voluntarily support. | | | 2010-09-02
11:57:30 | Coast Guard Says Oil Rig Exploded in Gulf of Mexico, A.P. Reports
An offshore oil rig exploded on Thursday in the Gulf of
Mexico, west of the site of the April blast that caused the
massive oil spill, the Coast Guard told the Associated Press.
Coast Guard Petty Officer Casey Ranel said that the blast was
reported by a commercial helicopter company on Thursday
morning. Seven helicopters, two airplanes and four boats are
en route to the site, about 80 miles south of Vermilion Bay
along the central Louisiana coast. | | | 2010-08-31
22:35:22 | Sen. Lisa Murkowski Concedes Alaska Republican Primary for Senate
Senator Lisa Murkowski of Alaska conceded late Tuesday in her
Republican primary race to Joe Miller, a lawyer from
Fairbanks backed by Tea Party activists, Sarah Palin and
other conservatives.
Mr. Miller shocked the political establishment here and in
Washington last week when he emerged with a narrow lead,
1,668 votes, after the primary vote, on Aug. 24.
Mr. Miller, who had trailed badly in local polls in the weeks
before the election, benefited from a last-minute flood of
advertisements, mailings and automated calls casting Ms.
Murkowski as a Democrat in disguise. An abortion-related
ballot measure also brought conservatives to the polls. | | | 2010-08-31
19:18:17 | Obama to Announce That 'American Combat Mission in Iraq Has Ended'
Praising the courage and resolve of the American troops in
Iraq and saying the human and financial price showed selfless
sacrifice, President Obama will declare tonight that "it is
time to turn the page" toward pressing problems at home.
"The United States has paid a huge price to put the future of
Iraq in the hands of its people," he says in excerpts
released early this evening, just before a speech from the
Oval Office that is scheduled for 8 p.m. "We have persevered
because of a belief we share with the Iraqi people -- a
belief that out of the ashes of war, a new beginning could be
born in this cradle of civilization."
But the excerpts suggested that Mr. Obama wanted to use the
event, marking the end of the formal combat mission in Iraq,
to pivot toward the economic problems that persist at home.
Watch Mr. Obama's speech on the home page of NYTimes.com live
at 8 p.m. ET. | | | 2010-08-27
18:09:19 | Justice Department Approves United-Continental Merger
The Justice Department late Friday said that it had approved
the planned $3 billion merger between United Airlines and
Continental Airlines, lifting the biggest regulatory hurdle
to the creation of the world's top airline.
United and Continental, which announced their plans in May,
expect to complete their merger within a few weeks, after
shareholders of both companies vote on whether to approve the
deal, but they will continue to operate as separate airlines
for another year. | | | 2010-08-27
10:06:46 | Bernanke Signals Stepped-Up Efforts to Spur Economy
The Federal Reserve chairman, Ben S. Bernanke, gave his
strongest indication yet on Friday that the central bank was
ready to resume huge purchases of longer-term debt, and was
determined to prevent the economy from slipping into a cycle
of falling prices.
While Mr. Bernanke emphasized that deflation was "not a
significant risk for the United States at this time," he said
the Fed "will strongly resist deviations from price stability
in the downward direction." It was his most robust statement
to date that the Fed would do its part to avoid a
Japanese-style deflation from taking hold. | | | 2010-08-27
08:44:16 | U.S. Growth in Second Quarter Is Lowered to 1.6% Pace
Economic statistics released Friday offered the clearest sign
yet that the recovery in the United States had slowed to a
crawl. The government lowered its estimate of economic growth
in the second quarter to an annual rate of 1.6 percent, down
from an initial estimate of 2.4 percent issued last month.
The revision is a significant slowdown from the annual rate
of 3.7 percent in the first quarter and 5 percent in the last
three months of 2009.
The news follows dismal statistics this week on July home
sales and factory orders. Economists are now concerned that
the outlook for job creation, which has been spluttering all
summer, could deteriorate further.
Because forecasters had expected an even worse growth
estimate, the markets reacted positively in the first few
minutes, as traders awaited a policy speech later on Friday
morning from the chairman of the Federal Reserve, Ben S.
Bernanke. | | | 2010-08-26
16:00:05 | Inquiry Finds Gov. Paterson Misled Ethics Investigators in Ticket Case
Gov. David A. Paterson of New York misled investigators for
the state ethics commission when he testified that he had
intended to pay for free tickets he obtained to last year's
World Series, according to a report issued on Thursday by an
independent counsel investigating the matter.
But the independent counsel, Judith Kaye, said it was up to
the local district attorney in Albany, P. David Soares, to
decide whether Mr. Paterson should be prosecuted for perjury. | | | 2010-08-25
21:29:27 | Key Karzai Aide in Graft Inquiry Is Linked to C.I.A.
The aide to President Hamid Karzai of Afghanistan at the
center of a politically sensitive corruption investigation is
being paid by the Central Intelligence Agency, according to
Afghan and American officials.
Mohammed Zia Salehi, the chief of administration for the
National Security Council, appears to have been on the
payroll for many years, according to officials in Kabul and
Washington. It is unclear exactly what Mr. Salehi does in
exchange for his money.
Mr. Salehi's relationship with the C.I.A. underscores deep
contradictions at the heart of the Obama administration's
policy in Afghanistan, with American officials simultaneously
demanding that Mr. Karzai root out the corruption that
pervades his government while sometimes subsidizing the very
people suspected of perpetrating it. | | | 2010-08-24
23:30:07 | Sen. John McCain Wins Republican Nomination for Senate in Arizona, A.P. Reports
Senator John McCain won the Republican Senate primary in
Arizona on Tuesday, beating back a challenge from J. D.
Hayworth, 51, a conservative former radio talk show host and
congressman.
The victory solidified the political comeback of Mr. McCain,
who lost to Barack Obama in last year's presidential race and
initially faced a tough primary challenge from Mr. Hayworth. | | | 2010-08-24
20:27:40 | Representative Kendrick Meek Wins Florida Democratic Senate Primary, A.P. Reports
Kendrick Meek, 43, a congressman from Miami, beat Jeff
Greene, a 55-year-old Florida real estate mogul, for the
Democratic nomination to the United States Senate, according
to The Associated Press.
Mr. Meek will take on Marco Rubio, the Republican candidate,
and Gov. Charlie Crist, who abandoned the Republican Party in
April after it became clear that he was likely to lose the
primary. | | | 2010-08-20
22:43:45 | Wyclef Jean Is Not Eligible to Run for President of Haiti, Electoral Council Decides
The hip hop star's candidacy has captivated national and
international attention, and despite his lack of political
experience, he has been considered a potential front-runner
in his earthquake-shattered homeland. | | | 2010-08-20
20:30:19 | Blackwater Reaches $42 Million Settlement With U.S. Over Export Violations
The private security company formerly called Blackwater
Worldwide, long plagued by accusations of impropriety, has
reached an agreement with the State Department for the
company to pay $42 million in fines for hundreds of
violations of United States export control regulations. | | | 2010-08-19
22:51:38 | Israelis and Palestinians to Resume Direct Talks, Officials Say
U.S. Secretary of State Hillary Rodham Clinton is expected to
announce Friday that Israel and the Palestinians will return
to direct negotiations for the first time in 20 months,
delivering the Obama administration a small victory in its
protracted effort to revive the Middle East peace process,
two officials briefed on the situation said Thursday evening. | | | 2010-08-19
21:15:20 | Israel Assuaged On Iran Threat, U.S. Officials Say
The Obama administration, citing evidence of continued
troubles inside Iran's nuclear program, has persuaded Israel
that it would take roughly a year -- and perhaps longer --
for Iran to complete what one senior official called a "dash"
for a nuclear weapon, according to American officials.
White House officials said they believe the assessment has
dimmed the prospect that Israel would pre-emptively strike
against the country's nuclear facilities within the next
year, as Israeli officials have suggested in thinly veiled
threats. | | | 2010-08-19
12:57:46 | Roger Clemens Will Be Indicted for Perjury, People Briefed on Case Say
Federal authorities have decided to indict Roger Clemens on
charges of making false statements to Congress about his use
of performance-enhancing drugs, according to two people
briefed on the matter. An announcement is expected in the
near future.
The indictment will come nearly two and half years after
Clemens and his former trainer, Brian McNamee, testified
under oath at a 2008 hearing before the House Committee on
Oversight and Government Reform, directly contradicting each
other about whether Clemens had used the banned substances. | | | 2010-08-18
20:31:26 | U.S. Plans to Double Private Security Force in Iraq After 2011 Military Pullout
As the United States military prepares to leave Iraq by the
end of 2011, the Obama administration is planning a
remarkable civilian effort, buttressed by a small army of
contractors, to fill the void.
By October 2011, the State Department will assume
responsibility for training the Iraqi police, a task that
will largely be carried out by contractors. With no American
soldiers to defuse sectarian tensions in northern Iraq, it
will be up to American diplomats in two new $100 million
outposts.
To protect the civilians in a country that is still home to
insurgents with Al Qaeda and Iranian-backed militias, the
State Department is planning to more than double its private
security guards, up to about 7,000, according to
administration officials who disclosed new details of the
plan. | | | 2010-08-18
16:11:34 | General Motors Files for Initial Public Offering
General Motors filed on Wednesday to go public.
The long-awaited event marks the biggest step by the car
maker to date in its effort to shed the government's
controlling ownership stake and resume life as a public
company.
Many details were missing from Wednesday's filing, including
the number of shares it plans to sell in the offering. But
G.M. said it plans to sell both common stock and preferred
shares, which are considered bond-like instruments. | | | 2010-08-17
17:43:11 | Divided Jury Convicts Former Gov. Rod R. Blagojevich of Single Count
Rod R. Blagojevich, the ousted former governor of Illinois,
was convicted of making false statements to federal agents,
but the jury in the corruption case against him also reported
that it was hopelessly deadlocked on 23 other counts against
him. | |
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