I knew we were in for a rough night here in Stoke Newington in the London Borough of Hackney when my wife called me at 5 p.m. from Sainsbury's, our local supermarket, to say she was in a lock down. They were shuttering the place and the police were telling her trouble had already started outside the Hackney Town Hall. The cops told her to go home and stay off the streets.
The Labor Department's latest unemployment report offered a small sign of hope, with the nation's jobless rate dipping to 9.1 percent in July. But the new numbers also showed that teen unemployment is still on the rise, now at 25 percent.
Across the country, 16- to 19-year-olds are facing the end of the third summer in a row of unemployment rates above 20 percent. Economists warn that if the trend continues, a generation of young people could face a bleak future in the workforce.
A mysterious orange goo that appeared on the shore of a small village in Alaska has been identified as "millions of microscopic eggs filled with fatty droplets," the AP reports. But researchers say they still don't know what the eggs might hatch, or if they are toxic.
The mass of eggs began appearing last week, surprising even longtime residents of the village of Kivalina. Discovery News, which spoke with a town official, describes the goo:
The Obama administration announced Tuesday the first ever fuel efficiency standards for larger trucks and buses. New vehicles sold in 2018 will go up to 20 percent farther on a gallon of fuel. So far, the truck manufacturing industry is welcoming the rules.
Outside the White House today, the heavyweights of the truck manufacturing industry took the microphone one after another.
"We're happy to be part of this. We really appreciate the process," says Denny Slagle, CEO of Mack Trucks.
As the closing bell approaches, after another dramatic day on Wall Street, Henry M. Paulson, the Treasury secretary under President George W. Bush told The New York Times that what's happening now in the markets is reminiscent of 2008. That's when the market tanked as Lehman Brothers was allowed to go bankrupt.
Boy or girl? Expectant parents are often dying to know. Some mothers are even trying to influence it with their diet. But the tests used to determine a baby's sex before birth leave a lot to be desired.
Despite the debt downgrade and recent upheavals in the stock market, foreign investors still consider the United States a good place to put their money for the long haul.
Forget China, India and Brazil. The U.S. still attracts easily the most foreign direct investment – purchases of companies and property, as opposed to stock holdings or government bonds – of any nation in the world.
London's mayor, Boris Johnson, faced hostile questioning from local residents when he visited a riot-hit area of the city Tuesday. They wanted to know why the police had been unable to prevent gangs of youths burning and looting the area on Monday night. Meanwhile, Londoners armed with brooms and shovels started to clean up their city.