AFP - US unemployment jumped to 9.6 percent in August, the Labor Department said Friday, showing the recovering economy is still struggling to create jobs. In a keenly awaited unemployment report, the department said the economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists.
In a keenly awaited unemployment report, the department said the economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists.
A Commentary by Thomas StraubhaarThe Obama administration and the Federal Reserve want to fix the United States economy by spending more money. But while that approach might work for Europe, it is risky for the US. The nation would be better off embracing traditional American values like self-reliance and small government.
The Obama administration and the Federal Reserve want to fix the United States economy by spending more money. But while that approach might work for Europe, it is risky for the US. The nation would be better off embracing traditional American values like self-reliance and small government.
I only quote this for a little ad-hominem: Straubhaar means raised hair. This commentary is haarsträubend - hair-raising. He heads HWWI, a neolib economics think-tank which was kicked from the body advising the federal government for lousy evaluation results, but seems to have a column reserved at SPIEGEL -- see diaryfrom 2008. *Lunatic*, n. One whose delusions are out of fashion.
The nation would be better off embracing traditional American values like self-reliance and small government greed and invading helpless, innocent countries, stealing their resources and killing their populations.
