GOOD DAY FOR: People with jobs, after the Labor Department reported that U.S. employers cut 533,000 non-farm jobs in November, the biggest decline since 1973, pushing the unemployment rate to a 15-year high of 6.7 percent. The jobs number was worse than expected, and the employment situation is expected to get worse before it picks up. In 11 consecutive months of losses, the U.S. has shed 1.91 million jobs this year. (Bloomberg)
BAD DAY FOR: Drinking and voting, after a series of embarrassing late-night incidents has Australia’s most populous state, New South Wales, considering making lawmakers pass a breathalyzer test before entering parliament. Several lawmakers have recently been demoted after getting caught stripping and dancing or getting violent at work-related functions. (Reuters)
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Foreigners in Spain facing a 100% tax on homes as the country battles a housing crisisUnder the Radar The goal is to provide 'more housing, better regulation and greater aid,' said Spain's prime minister
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