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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 04, 2008
Page
19
Utah plans a yearlong experiment moving thousands of workers to a four day week with ten hour days Monday through Thursday and Fridays off. Pay remains unchanged and officials say savings will come from reduced energy use and commuting costs.
Video shows a middle aged woman lying face down in a Brooklyn hospital ER waiting room before dying after an hour, highlighting a nationwide crisis as 79 percent of U S hospitals report boarding psychiatric patients in waiting rooms for hours to days.
The Labor Department reports 62,000 jobs cut in June bringing total 2024 losses near 438,000. Analysts warn higher unemployment adds drag on consumer spending and hints at a slower economy heading into summer holidays. Economists like Richard Yamarone of Argus Research say the jobs slump could dampen festivities and broader growth.
The AP report notes China’s ascent challenges the G8 lineup as Brazil surpasses Russia in GDP and IMF data show the group’s share of world output shrinking from 65 percent in 1997 to 58 percent in 2007. Berlin coverage also reports ECB President Trichet raising rates despite Sarkozy urging restraint, signaling inflation concerns over growth.
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