Feature

The bottom line

Lean times for law school graduates; Hedge-fund manager to repay investors; Unemployment drops in the Rust Belt; Public pensions look worse than ever; Apples's underpaid store employees

Lean times for law school graduates
Only 55 percent of 2011 law school graduates managed to find a full-time, long-term job requiring a law degree within nine months of graduating.
The Wall Street Journal

Hedge-fund manager to repay investors
Hedge-fund manager Ezra Merkin has agreed to pay $405 million to his former investors for secretly feeding their money to convicted Ponzi schemer Bernard Madoff. Merkin’s funds lost $1.2 billion when Madoff’s scheme collapsed in December 2008.
Reuters.com

Unemployment drops in the Rust Belt
Drops in unemployment in the nation’s Rust Belt could boost President Obama’s re-election hopes. Michigan leads the country, with an almost 5 percentage point drop in joblessness over the past two years, while Ohio comes in second, with a nearly 3-point decline. 
TheDailyBeast.com

Public pensions look worse than ever
Stricter accounting rules approved this week make the state of public pensions in the U.S. look even worse than before. Under the revised rules, state and local pension plans had assets that would cover only 57 percent of their obligations in 2010, down from 76 percent.
The Wall Street Journal 

Apples's underpaid store employees
Last year, Apple’s 327 global stores earned $5,647 in sales per square foot, more than any other U.S. retailer and almost double that of the No. 2 earner, Tiffany & Co. Dividing the company’s total revenues by its 30,000 store employees yields sales of $473,000 per worker. The average store employee makes $11.91 per hour, or about $25,000 a year.
The New York Times

Recommended

Over 130 people dead following stampede at Indonesian soccer game
A view of the riot during a soccer game in Indonesia that left at least 131 people dead.
Tragedy in Indonesia

Over 130 people dead following stampede at Indonesian soccer game

United States brings home 7 detainees in prisoner swap with Venezuela
The Biden administration helped secure the release of seven Americans in Venezuela.
Speed Reads

United States brings home 7 detainees in prisoner swap with Venezuela

10 things you need to know today: October 2, 2022
A view of a destroyed boat in Florida following Hurricane Ian.
Daily briefing

10 things you need to know today: October 2, 2022

Russians shell civilian convoy in Ukraine, killing 20
The city of Izyum, Ukraine is seen on Oct. 1.
Speed Reads

Russians shell civilian convoy in Ukraine, killing 20

Most Popular

Are polls getting the midterms wrong?
Voting.
Opinion

Are polls getting the midterms wrong?

Trevor Noah announces exit from The Daily Show
Trevor Noah
The Daily Showdown

Trevor Noah announces exit from The Daily Show

Ginni Thomas meets with Jan. 6 panel, reiterates fraudulent election claims
Ginni Thomas
'minimal and mainstream activity'

Ginni Thomas meets with Jan. 6 panel, reiterates fraudulent election claims