UNEMPLOYMENT

US Economy To Grow 2% Or Less This Year: Fed

US Federal Reserve
The U.S. central bank lowered its forecast for economic growth this year, but it reiterated its expectations for unemployment. Further, the bank said it now expects the Fed's first interest rate hike to take place in 2015.

Yemen: Anti-Islam Film Is The Least Of This Poverty-Stricken Nation's Many Problems

Yemen
Anger in the Muslim and Arab world over an anti-Islam film produced in America has spread to Yemen, where several hundred protesters stormed the U.S. Embassy in the capital, Sana. Yemen is already dealing with widespread social problems due to food and water shortages, rising extremism and sectarian conflict and political instability following the popular uprising that began in 2011.
US Federal Reserve

US Federal Reserve Sept. 13 Meeting Statement [Full Text]

In the statement, the Federal Reserve announced Thursday it will buy $40 billion per month of mortgage-backed securities, the start of the so-called third round of quantitative easing, QE3. The Fed also said it will continue 'Operation Twist,' bringing total securities purchased per month to $85 billion.
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Copenhagen homeless

Yes, Even Denmark Has A Homelessness Problem

The homeless problem in Denmark is unlikely to ease anytime soon. Net unemployment is now at 4.7 percent, the highest level in six years. Labor Minister Mette Frederiksen warned that the unemployment rate will continue to climb into 2013.
Employees work on the floor of the outsourcing company WNS in Mumbai March 19, 2012.

India Hiring Outlook Weakest in Over 3 Years: Manpower

Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.
Asian Markets

Asian Stocks Week Ahead: Investors To Focus On FOMC Decision, China Data

Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
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Liberian Timber Wars Pit Poverty-Stricken Communities Against Secretive Big Loggers Given An Opening By The Government

Forests are extremely important to Liberians, who rely upon vast wooded areas for everything from building supplies and medicine to water protection and game habitats. Recently, a government program turned over these critical regions to big logging firms in a misguided attempt to provide income and revenue for hard-hit communities. Can Ellen Sirleaf Johnson's administration curtail what it began?
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Another Weak Jobs Report Keeps Election Close

With both nominating conventions over, the release on Friday of a lackluster August jobs report underscores the dynamic underpinning a week's worth of lofty speechifying: this is either man's race.
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US Economy Adds 96,000 Jobs In Aug, Joblessness At 8.1%

The U.S. economy added a paltry 96,000 jobs last month, vastly fewer than economists were expecting. However, the fact that fewer Americans were seeking employment resulted in the unemployment rate falling to 8.1 percent.
Bulls, Bears, and the Ballot Box

Do Democratic Presidents Historically Pull Nation Out Of Fiscal Rut?

The 2012 campaign has focused on a myriad of social and ideological issues, with some smatterings of tax policy and truckloads of mudslinging. A new book argues voters should look past the obfuscation and consider what is best for their wallet. Its authors claim history has proven one thing: when it comes to economic success, the left has had the upper hand.

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