Month: October 2012

US calls for overhaul of Syrian opposition

ALJAZEERA:   …US officials have privately expressed their frustration with the SNC’s inability to come together with a coherent plan and with its lack of traction with the disparate internal groups which have waged the bloody 19-month uprising against Assad’s government.     Clinton also signalled a stronger US push to help shape the face of […]

New debt forecasts dash Greece hopes

FINANCIAL TIMES:  …Instead of Greece’s debt peaking at 167 per cent of economic output next year, as predicted in the March bailout agreement, it will hit 189 per cent and climb to 192 per cent in 2014, according to projections presented to the Greek parliament. … The new projections all but dash hopes that Greek […]

Euro Zone Unemployment Hit New High in September

NEW YORK TIMES:  … Euro zone unemployment set another record in September, official data showed Wednesday, with 18.49 million people out of work in a weakening economy… Spain, where the economy has been shellacked by a property sector collapse and government austerity measures, continues to have the highest jobless rate, at 25.8 percent. Greece, where […]

Bloomberg: No Thanks to Obama Visit

NEWSMAX:  ….[Mayor Michael] Bloomberg and the president agreed that the timing just wasn’t right for a visit and Obama instead will visit New Jersey on Wednesday. “What I pointed out to him is that we’d love to have him, but we’ve got lots of things to do,” Bloomberg said at a press conference, according to […]

States with the Widest Gap Between the Rich and Poor

24 /7 WALL STREET: 3. Louisiana > Gini coefficient: 0.4836 > Median household income: $41,734 (7th lowest) > Households earning $200,000+: 3.5% (17th lowest) > Population living below poverty line: 20.4% (3rd highest) 2. Connecticut > Gini coefficient: 0.4859 > Median household income: $65,753 (4th highest) > Households earning $200,000+: 11.2% (the highest) > Population […]

U.S. Newspaper Circulation Slips Further

WALL STREETJOURNAL:   …Average weekday circulation for 613 U.S. dailies decreased 0.2%, based on a cumulative average for the period ended Sept. 30 from a year earlier. However, Sunday circulation for 528 Sunday papers was up 0.6% in the latest period… During the latest period, digital editions accounted for 15.3% of overall U.S. circulation, up from […]

Mega storm Sandy causes at least 16 deaths

Even though water levels along the coast have been subsiding since Monday evening, the combination of the storm surge and high tide could still cause areas to flood, especially during the next high tide. Flood and flash flood warnings are still in effect over coastal waters in the mid-Atlantic states, New York and New England. The Weather Service is predicting that water could reach between two and four feet above ground level in Delaware Bay and the Upper and Middle Chesapeake Bay. The Jersey shore northward to Massachusetts is expected to reach between one and three feet.