Category Archives: NY Times

Four-Month Rise Strengthens U.S. Job Outlook

Here’s some good Friday morning news about the economy and new job growth figures from the New York Times

The American economy added 290,000 jobs in April, a stronger gain than expected, with revised figures making it the fourth straight month of employment growth, the Labor Department said Friday.

Analysts had expected a gain of about 190,000 jobs.

At the same time, however, the unemployment figure rose to 9.9 percent, from the previous 9.7 percent, as more people returned to the job market seeking jobs.

The monthly job report also revised the March gain sharply upward to 230,000, from the previously reported 162,000, and revised February’s figures from a loss of 14,000 to a gain of 39,000. With a January gain of 14,000, the cumulative increase came to 573,000 jobs in four months. But the job market still has a long way to go before it can be counted on to provide a base for a sustained economic recovery.

You can read more >>> Here

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Filed under economy, Job creation, jobs figures, NY Times, US Department of Labor

In Reversal, Panel Urges Mammograms at 50, Not 40

What a crock of crap, I really can’t believe this. So many women in their 40’s get breast cancer and now some group with ties to doctors and insurance companies say it is ok not to have mammograms until your 50! How many women would be dead right now if they waited until 50 to have an examination:

Most women should start regular breast cancer screening at age 50, not 40, according to new guidelines released Monday by an influential group that provides guidance to doctors, insurance companies and policy makers.

The new recommendations, which do not apply to a small group of women with unusual risk factors for breast cancer, reverse longstanding guidelines and are aimed at reducing harm from overtreatment, the group says. It also says women age 50 to 74 should have mammograms less frequently — every two years, rather than every year. And it said doctors should stop teaching women to examine their breasts on a regular basis.

Just seven years ago, the same group, the United States Preventive Services Task Force, with different members, recommended that women have mammograms every one to two years starting at age 40. It found too little evidence to take a stand on breast self-examinations.

The task force is an independent panel of experts in prevention and primary care appointed by the federal Department of Health and Human Services.

Its new guidelines, which are different from those of some professional and advocacy organizations, are published online in The Annals of Internal Medicine They are likely to touch off yet another round of controversy over the benefits of screening for breast cancer.

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Filed under Breast Cancer, mammograms, NY Times

NYT poll: Corzine: 40%, Christie: 37%, Daggett: 14%

In the latest NY Times poll released today there’s some very good news for Governor Corzine which shows that this horse race for the New Jersey governorship is not over and as the candidates come down the stretch, one of them will win by a nose.

Among all registered voters, Mr. Corzine had the support of 40 percent, Mr. Christie 30 percent and Mr. Daggett 13 percent.

When narrowed to those determined to be likely voters, Mr. Corzine is still at 40 percent, while Mr. Christie receives 37 percent — a gap that is within the margin of sampling error — and Mr. Daggett draws 14 percent.

In the last two elections for governor only 49 percent of registered voters cast ballots.

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Filed under Chris Christie, Chris Dagget, Gov. Jon Corzine, New Jersey, NY Times, opinion poll

Judge Clears Sale of Chrysler to Fiat

NY Times

A federal judge on Sunday night cleared a path for Chrysler to exit bankruptcy by approving a sale of most of the carmaker’s assets to a new entity to be run by Fiat of Italy.

Judge Arthur J. Gonzalez of the United States Bankruptcy Court for the Southern District of New York approved the government-backed plan after three days of marathon hearings on the proposal. On Friday, testimony and arguments in federal bankruptcy court in Manhattan lasted nearly 12 hours.

With the approval, a newly reorganized Chrysler could come out of bankruptcy as early as this week, about a month after seeking protection, an extraordinarily short amount of time for a reorganization.

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Filed under bankruptcy, Chrysler, Fiat, NY Times

Yahoo Plans More Layoffs

New York Times

Yahoo is planning a new round of layoffs, the first since Carol Bartz became chief executive in January, according to several people with knowledge of the situation.

The layoffs could affect several hundred employees and may be announced as early as Tuesday when Yahoo reports first-quarter financial results, said these people, who agreed to speak on condition of anonymity because the plan is confidential.

A Yahoo spokesman, Brad Williams, declined to comment, citing a company policy not to discuss rumors and speculation.

The cuts would be the third round of layoffs at Yahoo in little more than a year. The Internet company, which has been struggling for more than two years, laid off about 1,000 workers early in 2008. It cut 1,400 or so in the fourth quarter of last year, in continuing efforts to prune its sprawling online business and bring down expenses. It ended the year with 13,600 employees.

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Filed under Carol Bartz, layoffs, NY Times, Yahoo

Goldman Sachs Posts Profit and Will Raise $5 Billion

New York Times News Alert –

Goldman Sachs confirmed on Monday that it would raise $5 billion through a stock offering to help pay back government rescue funds, as it posted a $1.8 billion profit for its first quarter.

In a statement, Goldman said: “After the completion of the stress assessment, if permitted by our supervisors and if supported by the results of the stress assessment, Goldman Sachs would like to use the capital raised plus additional resources to redeem all of the TARP capital.”

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Filed under 1st quarter profits, Goldman Sachs, government rescue funds, NY Times, stock offering, TARP

A Coffin, a Flag, a Photograph


The New York  Times –

For the first time in 18 years, the Pentagon granted the news media access on Sunday night to cover the arrival of a coffin to Dover Air Force Base from overseas.
The coffin, draped in a flag and bearing the body of Air Force Staff Sgt. Phillip Myers of Hopewell, Va, was unloaded from a government aircraft by the military honor guard. Sergeant Myers, 30, was killed by an improvised explosive device near Helmand Province in Afghanistan on April 4, according to the Defense Department.

A ban on news coverage of returning war dead, which had been in place since the Persian Gulf War in 1991, was lifted by the Obama administration following a review of the policy by Defense Secretary Robert Gates.

In the hours leading up to the transfer of Sergeant Myers’s corpse, Air Force officials received the consent of his family members — per the new policy — to grant members of the news media permission to be on hand.

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Filed under British soldiers, coffins, dover air force base, media, NY Times, pentagon, photographs

Jobless Angry at Possibility of No Benefits

If Southern GOP Governors such as Bobby Jindal, Haley Barbour, Mark Sandford or Texas’s Rick Perry truely think that they can get away with turning down the extended unemployment benefits that are being offer to the States through President Obama’s economic stimulus package, then they may have another thing coming.

It seems as though many people that are unemployed and would benefit most from the money being offer to the States are outraged at the prospect that their governors are will to play petty partisan politics with their well being and they are letting them know about it.
I have been saying all along that the Governors will have to take the stimulus money, they have no choice if they or their legislatures expect to be re-elected.  It is a pocket book issue that effects people now, the unemployed don’t care what it would do to future state budgets. They care about putting food on the table and being able to turn on the lights when it is dark out.
The New York Times has the full story:
As governors in nine states, mostly in the South, consider rejecting millions of dollars in federal stimulus money for increased unemployment insurance, there is growing anger among the ranks of the jobless in those states that they could be left out of a significant government benefit.

The stimulus bill recently passed by Congress includes incentives to states to expand benefits to many more jobless people, including part-time workers and those who have cycled in and out of the work force, who are not covered in many states.

The Republican governors of Alabama, Georgia, Louisiana, Mississippi, South Carolina and Texas, along with Alaska and Idaho, have raised protests, saying that expansion could eventually require them to raise taxes.

On Wednesday, Gov. Phil Bredesen of Tennessee became the first Democratic governor to express reservations on the issue.

For people like Henry Kight, 59, of Austin, Tex., the possibility that the money might be turned down is a deeply personal issue.

Mr. Kight, who worked for more than three decades as an engineering technician, discovered in September that because of complex state rules, he was not eligible for unemployment insurance after losing a job at a major electronics manufacturer he had landed at the beginning of the year.

Unable to draw jobless benefits, he and his wife have taken on thousands of dollars in credit-card debt to help make ends meet.

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Filed under Bobby Jindal, Economic Assistance and Recovery Plan, GOP Governors, Haley Barbour, Mark Sandford, Mississippis, NY Times, President Obama, Rick Perry, Texas, unemployment benefits

Bobby Jindal Bombs:Fox Panel’s Verdict On Jindal’s Speech: ‘Childish,’ ‘Amateurish,’ ‘Not Exactly Terrific’

It’s good to see that I was not the only person that thought that Bobby Jindal’s response to President Obama’s  speech in front of a joint session of congress last night bombed.

I was sitting at work last night, listening to it on the radio and couldn’t get over how boring and unimaginative it was. 
Jindal tried to connect with the listener’s/viewer’s by telling hoakie stories about growing up and how the local sheriff responded to the Feds during  the Hurricane Katrina crisis, who didn’t wanted the sheriff to go out in boats to rescue people from the roofs unless they had insurance, by telling them that Congressman Jindal was in the room and that they were going out to rescue people no matter what.
Overall, Jindal didn’t do a very good job at explaining why republicans would do a better job then the President at managing the current economic crisis the nation is facing. 
Think Progress has a very good rundown of the reaction to Jindals comments from the Fox News panelists that puts it all into better perspective, they also point out reactions from NY Times columnist David Brooks and from some in the conservative blogisphere:
Louisiana Gov. Bobby Jindal’s (R) response to President Obama’s speech tonight received a universal thumbs down from the Fox News panelists, who are traditionally conservatives’ most gentle critics:

BRIT HUME: “The speech read a lot better than it sounded. This was not Bobby Jindal’s greatest oratorical moment.”

NINA EASTON: “The delivery was not exactly terrific.”

CHARLES KRAUTHAMMER: “Jindal didn’t have a chance. He follows Obama, who in making speeches, is in a league of his own. He’s in a Reagan-esque league. … [Jindal] tried the best he could.”

JUAN WILLIAMS: “It came off as amateurish, and even the tempo in which he spoke was sing-songy. He was telling stories that seemed very simplistic and almost childish.”

ThinkProgress has compiled some lowlights of Jindal’s speech, along with the reactions of the Fox panel. Watch it:

On PBS, New York Times columnist David Brooks also remarked, “In a moment when only the federal government is actually big enough to do stuff, to just ignore all that and just say ‘government is the problem, corruption, earmarks, wasteful spending,’ it’s just a form of nihilism. It’s just not where the country is, it’s not where the future of the country is.”

Even conservative bloggers are upset with Jindal. Kathryn Jean Lopez writes at the Corner, “E-mails I’m getting are from disappointed conservatives. They wanted a full-throated response to Obama and expected and/or wanted more.” Ramesh Ponnuru called Jindal’s delivery “weak.”


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Filed under Bobby Jindal, David Brooks, Fox News, Hurricane Katrina, NY Times, President Obama, Presidential response, Think Progress

Bobby Jindal Bombs:Fox Panel’s Verdict On Jindal’s Speech: ‘Childish,’ ‘Amateurish,’ ‘Not Exactly Terrific’

It’s good to see that I was not the only person that thought that Bobby Jindal’s response to President Obama’s  speech in front of a joint session of congress last night bombed.

I was sitting at work last night, listening to it on the radio and couldn’t get over how boring and unimaginative it was. 
Jindal tried to connect with the listener’s/viewer’s by telling hoakie stories about growing up and how the local sheriff responded to the Feds during  the Hurricane Katrina crisis, who didn’t wanted the sheriff to go out in boats to rescue people from the roofs unless they had insurance, by telling them that Congressman Jindal was in the room and that they were going out to rescue people no matter what.
Overall, Jindal didn’t do a very good job at explaining why republicans would do a better job then the President at managing the current economic crisis the nation is facing. 
Think Progress has a very good rundown of the reaction to Jindals comments from the Fox News panelists that puts it all into better perspective, they also point out reactions from NY Times columnist David Brooks and from some in the conservative blogisphere:
Louisiana Gov. Bobby Jindal’s (R) response to President Obama’s speech tonight received a universal thumbs down from the Fox News panelists, who are traditionally conservatives’ most gentle critics:

BRIT HUME: “The speech read a lot better than it sounded. This was not Bobby Jindal’s greatest oratorical moment.”

NINA EASTON: “The delivery was not exactly terrific.”

CHARLES KRAUTHAMMER: “Jindal didn’t have a chance. He follows Obama, who in making speeches, is in a league of his own. He’s in a Reagan-esque league. … [Jindal] tried the best he could.”

JUAN WILLIAMS: “It came off as amateurish, and even the tempo in which he spoke was sing-songy. He was telling stories that seemed very simplistic and almost childish.”

ThinkProgress has compiled some lowlights of Jindal’s speech, along with the reactions of the Fox panel. Watch it:

On PBS, New York Times columnist David Brooks also remarked, “In a moment when only the federal government is actually big enough to do stuff, to just ignore all that and just say ‘government is the problem, corruption, earmarks, wasteful spending,’ it’s just a form of nihilism. It’s just not where the country is, it’s not where the future of the country is.”

Even conservative bloggers are upset with Jindal. Kathryn Jean Lopez writes at the Corner, “E-mails I’m getting are from disappointed conservatives. They wanted a full-throated response to Obama and expected and/or wanted more.” Ramesh Ponnuru called Jindal’s delivery “weak.”


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Filed under Bobby Jindal, David Brooks, Fox News, Hurricane Katrina, NY Times, President Obama, Presidential response, Think Progress