Admin @ June 7, 2008 # No Comment Yet
The news that the US has completely withdrawn from the Human Rights Council spread like wildfire Friday afternoon (June 6) through the corridors of the Palais des Nations in Geneva. There was general consternation amongst diplomats and NGOS. Reached by phone, the American mission in Geneva neither confirmed nor denied the report. Although unofficial, the [...]
Admin @ June 6, 2008 # No Comment Yet
The teenage jobless rate soared to 18.7 percent in May from 15.4 percent the month before, the biggest increase since the Labor Department began keeping the statistics in 1948, a government report showed today. That helped drive the total U.S. unemployment rate up by a half percentage point to 5.5 percent. The tough job market [...]
Admin @ June 6, 2008 # No Comment Yet
Gold jumped the most in six months after the U.S. jobless rate had the biggest gain in more than two decades, spurring a drop in the dollar. Silver also rose. The unemployment rate increased to 5.5 percent in May from 5 percent in April, marking the biggest increase since February 1986, the Labor Department said [...]
Admin @ June 6, 2008 # No Comment Yet
Charlotte-based Bank of America, which announced its $4 billion acquisition of the Calabasas, Calif.-based mortgage lender in January, has faced much criticism for Countrywide’s large exposure to subprime home loans that were offered to borrowers despite their shaky credit. Countrywide lost about $1.6 billion in the last six months of 2007, and the company faces [...]