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Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

Thursday, July 3, 2008

Christine Comer, former director of the science curriculum for the Texas Education Agency (TEA), is suing the Commissioner Robert Scott for wrongful dismissal. Comer alleges that she was “illegally fired for forwarding an e-mail about a lecture that was critical of the teaching of intelligent design in science classes.” Her suit alleges she was “terminated for contravening an unconstitutional policy” which required “employees to be neutral on the subject of creationism – the biblical interpretation of the origin of humans.”

The Dallas Morning News reported, “The policy was in force even though the federal courts have ruled that teaching creationism as science in public schools is illegal under U.S. Constitution’s provision preventing government establishment or endorsement of religious beliefs.” Among Comer’s supporters is Philosopher and National Center for Science Education speaker Barbara Forrest who was the presenter at the lecture Comer mentioned in the email.

News 8 Austin reported, “The TEA was not available for comment late Wednesday.”

A compilation of brief news reports for Tuesday, April 17, 2007.

Tuesday, October 2, 2007

Ray Scott is running for the Family Coalition Party in the Ontario provincial election, in the Algoma-Manitoulin riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.

Wednesday, February 6, 2008

An Indian guru who taught some of the 20th century’s most famous celebrities and created a multi-billion dollar spiritual empire has died. Maharishi Mahesh Yogi, founder of the Transcendental Meditation movement, died at his home in the Netherlands. He is believed to have been 91 years old.

Known for his long white beard and tendency to giggle, he became a well-known counter-culture figure in the 1960’s. Members of the Beatles rock music band made repeated pilgrimages to the Himalayan foothills to study his meditation technique, known as TM.

Little is certain about the yogi’s early life in central India. His given name and birthday are disputed. It is known he studied physics at Allahabad University.

A professor of psychology at the school, Emmanuel Ghosh, says the guru’s academic training, combined with study under a Vedic swami, helped to make him accessible to those in the West seeking alternative answers to life’s questions during the socially tumultuous 1960’s.

“He had a rational approach,” said Ghosh. “He had a scientific background and he could tell the West that ‘You could test my theories through science.’ He was the first one who started this whole system of reducing stress by breath control, by meditation and you could measure it in objective terms.”

Maharishi also tutored other pop musicians, Hollywood actors and film directors. His TM movement attracted millions of followers worldwide who paid hundreds of dollars to receive a personal mantra to recite for 20 minutes, twice a day.

Professor Ghosh at Allahabad University says, despite his fame and success overseas, Maharishi was just one among many gurus in his native India.

“His influence in India has been negligible. Every guru is independent to propagate his own method of salvation or nirvana,” said Ghosh. “So he took off for a while [in India] as long as he was appreciated in the West.”

Perhaps his biggest legacy in India is the country’s largest chain of privately owned schools. Other institutes and universities based on his teachings also exist in the United States and Europe.

In later years, some of the guru’s projects and beliefs earned him ridicule, such as hoping to raise $10 trillion to achieve world peace and banish poverty and encouraging followers to learn what he called “yogic flying”. While many adherents praise Maharishi for propagating a scientifically verifiable ancient method to help them deal with the stress of modern life, some disenchanted followers considered TM a quasi-religious cult more interested in raising funds than spirits.