Friday, March 08, 2002

March 5, 2002 The woman who runs the nation "Katrina vanden Heuvel [socialite heiress] turns heads politically, physically, figuratively and literally. She's the editor of one of America's  most venerable publications, The Nation, the smartly produced 138 year-old weekly magazine of the Left ... " " ... we are on the threshold of a permanent war economy which has little to do with fighting terror." ... [more] 1:15:51 PM    comment  []

Friday, March 8, 2002; 1:21 PM Global Crossing Cuts 1,600 More Jobs "Global Crossing said Friday it will eliminate up to 1,600 more jobs, reduce executive salaries and close 71 offices in an attempt to reduce operating expenses by $600 million." ... [more] 12:58:36 PM    comment  []

03/08/2002 - Updated 03:00 PM ET Unemployment rate unexpectedly drops to 5.5% "U.S. companies added jobs for the first time in seven months, helping push down the unemployment rate to 5.5% in February in the strongest signal yet that the recession is over. 'It's over. This is it ... This is the final nail in the recession's coffin.'" "The Labor Department reported Friday that businesses added 66,000 jobs in February, breaking a string of losses that had averaged 146,000 a month since the recession started in March 2001. It was the largest employment increase since February 2001." "Warm weather, a slow holiday hiring season and reopening automobile factories all contributed to the February increase, which probably won't be sustained. 'The 66,000 job increase overstates the case for the economy's recovery, but it clearly makes the case that the economy is recovering ... '" ... [more] 12:54:09 PM    comment  []