Economic devastation among the laid-off
Just 7 percent of people laid off after the financial crisis have returned to or exceeded their former quality of life, according to a new study by Rutgers. Thirty-six percent of those polled reported themselves to be economically devastated.
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Young and jobless in Europe
Unemployment is hitting young Europeans particularly hard. In Spain, 49 percent of people under the age of 25 are jobless. In Greece, the youth unemployment rate is 45 percent; in Portugal, 30 percent; in Italy, 29 percent; and in France, 24 percent.
The Economist
In the U.S., refined-fuel exports exceed imports
The U.S. is on track to become a net refined-fuel exporter for the first time in more than six decades. The U.S. exported 753.4 million barrels of everything from gasoline to jet fuel during the first nine months of the year, and imported 689.4 million barrels. The shift is due to higher output of corn ethanol, American drivers using less gas, and U.S. refineries’ efficiency edge.
The Wall Street Journal
Minnesota expects a surplus
After a political battle over a projected $5 billion deficit shut down Minnesota’s government for 20 days this summer, the state now predicts an $876 million surplus over the next two years, thanks to an unexpectedly resilient economy and lower health-care costs.
The Washington Post
Bright spots in the job market
The 2011 jobs market has some bright spots. The retail sector added nearly 150,000 jobs through September, followed by hospitality (51,500 new jobs) and the tech sector (19,000). McDonald’s, Ford, and Lowe’s lead the list of companies hiring the most.
Money
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5 bullseye cartoons about the reasons for mass shootingsCartoons Artists take on gun worship, a price paid, and more
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Lisa Cook and Trump's battle for control the US FedTalking Point The president's attempts to fire one of the Federal Reserve's seven governor is represents 'a stunning escalation' of his attacks on the US central bank
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'Three Pads' Rayner: a housing hypocrite?Talking Point As real estate moguls go, the Deputy PM is 'hardly Donald Trump'
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie