Jobs drop in February stains U S recovery outlook
The February labor report shows 308 thousand jobs cut, unemployment at 5.8 percent, the steepest monthly decline since 2001. War fears, terrorism alerts, and severe weather are cited along with activations of reservists as contributors to the labor downturn. Continuous job losses raise recession fears and pressure policy makers to extend unemployment benefits and pursue stimulus.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Mark Zandi
Economy.com
World Trade Center
Pentagon
Bill Cheney
John Hancock Financial Services
United States
Maurice Emsellem
National Employment Law Project
Congress
Bush
White House
Ari Fleischer
Fleischer
Labor
Job cuts across U S hit 308000 in February
Companies nationwide slashed 308000 jobs in February, the steepest one month decline since the post September 11 downturn. The bleak data revived fears of a slow jobs recovery and kept business confidence dampened amid lingering labor market uncertainty.
MENTIONED IN THIS ARTICLE
Ing
U S monitors for North Korea missile test
Washington reports North Korea warned ships to stay clear of a Sea of Japan exclusion zone similar to a prior warning before a February anti ship missile test. Pentagon spokesman Lt Cmdr Jeff Davis called the move a possible precursor to a test while not overly concerning. Tensions rose after a fighter intercept over the sea and Rumsfeld ordered B 52 and B 1B bombers moved to Guam.
MENTIONED IN THIS ARTICLE
Washington
North Korea
Sea of Japan
Pentagon
Cmdr
Jeff Davis
Defense Department
Davis
U.S
Defense
Donald H. Rumsfeld
Guam
Bush sanctions Mugabe regime with U S asset blocks
President Bush imposed an executive order freezing all U S property and financial holdings of Zimbabwean President Robert Mugabe and 76 government officials. The move targets those responsible for undermining democracy, violence, and instability while signaling further steps to support Zimbabweans’ democratic aspirations.
MENTIONED IN THIS ARTICLE
Bush
U.S
Zimbabwe
Washington
Robert Mugabe
United States
Mugabe
White House
Ari Fleischer
Britain
Rhodesia
Australia
FBI cracks down nationally on get-rich-quick schemes
FBI agents across 41 offices executed warrants targeting 100 people involved in fake investments, part of a nationwide probe code named Sweet Tea Masquerade. The operation, linked to schemes in multiple states, included a Ponzi style case in Columbia and Greenville, and the arrest of Nicholas Roblee in Los Angeles for wire fraud and money laundering.
MENTIONED IN THIS ARTICLE
Washington
FBI
Robert Mueller
Bureau
District of Columbia
Columbia
Greenville
S.C
Los Angeles
Premier Marketing and Investments Inc
Nicholas Roblee
Robbe
Jacksonville
Fla
Denver
Dallas
Boston
Houston
Kansas City
Also Mentioned on This Page
Department of Labor
Odessa American Advertising Department
Ayr
Daniel Renteria
Daniel
Odessa
Sealy
Sealy Posturepedic
Saal
King
Queen
Cai Kega
Pini
N. Andrews Hwy
Lacks
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