Friday, December 04, 2009
Thursday, December 03, 2009
President Obama shifts his focus to the double digit unemployment rate on Thursday, teaming up with members of his administration for a White House jobs summit. The event will be held on the eve of the monthly report on job losses, which in last month's study showed an October rate of 10.2 percent unemployment.
Mr. Obama is scheduled to speak at the opening of the summit, then moderate a discussion at the closing session. In between, a who's who of the executive branch will lead their own talks — among others, Energy Secretary Steven Chu on green jobs, Treasury Secretary Timothy Geithner on small businesses and the combo of Treasury Secretary Ray LaHood and Peter Orszag of the Office of Management and Budget on creating jobs through infrastructure projects.
As The Times's Jackie Calmes reports, the summit comes as the White House is considering dipping into funds earmarked to bail out banks to aid those seeking jobs. The administration's discussions with lawmakers, Ms. Calmes writes, "reflect the Democrats' effort to balance concerns for the high federal budget deficit and a costly, crowded domestic agenda, including an effort for further economic stimulus measures that is likely to exceed $100 billion."
Wednesday, December 02, 2009
Tiger Woods received a traffic citation for careless driving that will cost him $164 and four points on his Florida license, but the Florida Highway Patrol said during a news conference Tuesday it had no evidence to pursue any criminal charges in connection with Woods's single-car crash outside his Windermere, Fla., mansion Thanksgiving night.
"With the issuance of this citation, the Florida Highway Patrol has concluded the investigation," FHP troop commander Cindy Williams said without taking any questions.
A second woman has stepped into the spotlight in the Tiger Woods controversy – and this one whole-heartedly claims that she and the champion golfer had an affair.Jamie Grubbs, a cocktail waitress who appeared on the VH1 show Tool Academy, tells the British tabloid the Sun that she and the pro golfer had a 31-month fling that included around 20 sexual encounters, the first just days before Woods's wife, Elin Nordegren, gave birth to the married couple's first child."He told me just last month, 'Quietly and secretly we will always be together,' " Grubbs, 24, says.
Life & Style reports that Kalika Moquin, a Las Vegas marketing manager, is the latest woman to be connected to Tiger Woods. Reports of Moquin follow rumors about Rachel Uchitel and Jaimee Grubbs, both of whom have been linked to Woods romantically in the past week. Here is the press release from the magazine:
Tuesday, December 01, 2009
Dec. 1 (Bloomberg) -- Dubai World began talks with banks to restructure $26 billion of debt, including $3.5 billion owed by property unit Nakheel, and said the remainder of its liabilities are on "a stable financial footing."
Debt from subsidiaries including Infinity World Holding, Istithmar World and Ports & Free Zone World will be excluded from the negotiations, Dubai World, one of the emirate's three main state-related holding companies, said in a statement. The cost to protect Dubai debt against default fell to the lowest since Nov. 25. Dubai's main equity index dropped 6.6 percent.
Dubai is seeking to delay payments on less than half its $59 billion of liabilities, easing the potential damage to banks recovering from $1.7 trillion of losses and writedowns from the global crisis. Shares worldwide recovered some of the losses suffered since Dubai announced it would seek a "standstill" agreement on all of Dubai World's debt as the Dow Jones Euro Stoxx 600 gained 1.2 percent and the MSCI Emerging Markets Index showed the first back-to-back gains in two weeks.
Monday, November 30, 2009
The reverberations continue from what the University of East Anglia says was the illegal dissemination of thousands of files from its Climatic Research Unit (CRU). Over the weekend university officials put out an update saying 95 percent of the raw land-surface temperature data in question have been available to scientists and skeptics for several years, although Roger A. Pielke Jr. of the University of Colorado, Boulder, said he was told differently as recently as August. (Realclimate.org posted the locations of various data sets.) He credited the university and climate center for moving now to be clearer about the data archives and to provide more access. "When the data is available in its original form those skeptical of climate science can then do the temperature math themselves out in the open where everyone can see their work," Dr. Pielke wrote on Sunday. "If the global numbers come out as CRU has presented over the years, then it will strike a blow to skepticism about global temperature trend records produced by CRU and restore a good deal of credibility to this area of climate science."