Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Tuesday, November 13, 2007

Augustus Freeman Hawkins, a prominent U.S. figure in Civil Rights and Organized Labor history, has died at the age of 100, just three days ago, on November 10.

Born on August 31, 1907, Shreveport, Louisiana, he served as the first African American from California in the United States Congress, where he sponsored the Humphrey-Hawkins Full Employment Act.

Hawkins was a Democratic member of the State Assembly in 1935 to 1963; he was also a delegate to the National Conventions of 1940, 1944 and 1960 and a California Presidential Elector in the 1944 Election. Hawkins attended high school in Los Angeles, and received his undergraduate degree from the UCLA in 1931.

During 1963 to 1991, he represented California’s 21st District (1963-75), and 29th District (1975-1991), in Congress. Early in his congressional career, he authored including the Title VII of the Civil Rights Act establishing the Equal Employment Opportunity Commission, the Job Training Partnership Act, and the School Improvement Act. He was a founding member of the Congressional Black Caucus. As chair of the House Education and Labor Committee, he sponsored the Humphrey-Hawkins Full Employment Act, alongside Senator Hubert Humphrey of Minnesota. The Bill gave the U.S. government the goal to provide full employment; it also ordered that the Chairman of the Federal Reserve Board must give a Congressional testimony on the economy.

Over his career, Hawkins authored more than 300 state and federal laws. He also succeeded in restoring honorable discharges to the 170 black soldiers of the 25th Infantry Regiment who had been falsely accused of a public disturbance in Brownsville, Texas, in 1906, and removed from the Army.

Hawkins retired in 1991 to his Los Angeles home, and lived in Washington, D.C. for the remainder of his life.

Friday, June 9, 2006

Someone said to be an informant within Abu Musab al-Zarqawi‘s trusted circle told Coalition forces the insurgent leader was going to have a meeting, it has emerged. This information appears to have led US F-16Cs to a safehouse in the Iraqi town of Hibhid, where the Jordanian and five others, including a child, were killed on Wednesday.

“We had absolutely no doubt whatsoever that Zarqawi was in the house. There was 100 percent confirmation,” Caldwell said.

The informer is said to want the insurgency to pursue a strategy within the Iraqi political process, which in the informer’s view was in contrast to tactics executed by al-Zarqawi’s leadership that involved ethnic killings.

It was one of the last in a long line of breadcrumbs leading the hunt for the Iraqi government’s most-wanted murderer to the doorstep of an attractive isolated house in Hibhid.

In a late-April video al-Zarqawi had been shown spraying bullets from a machine gun with a horizon in the background. This is said to have revealed the general location of al-Zarqawi, found near Diyala province, in the north east of Iraq. The ethnically mixed region had seen an upsurge in violence and over days preceding the airstrike.

Murders had included a number of decapitated heads left in fruitboxes. Al-Zarqawi had been known for kidnapping and video beheadings of westerners in Iraq.

Another al-Zarwaqi insider also had given vital clues to the investigators before the final tip-off. A former customs clearance officer in Rutba identified as Ziad Khalaf al-Karbuli had named Sheikh Abu Abdul-Rahman as al-Zarqawi’s spiritual advisor and gave-up contact details.

Ziad Khalaf al-Karbuli had appeared on Jordanian television, May 23, to confess his links to al-Zarqawi, and to his murder of a Jordanian driver and his kidnap of two Moroccan embassy employees in 2005. The vital clue about Abu Abdul-Rahman was not broadcast.

With details from the al-Karbuli interrogation the gunsights got closer to al-Zarqawi. “Through painstaking intelligence effort, they were able to start tracking him, monitoring his movements and establishing when he was doing his link-ups with Zarqawi, ” Maj. Gen. William Caldwell said of the investigators.

The US search for the Sheikh included the use of remote controlled aircraft, it was revealed.

However; it is said neither the al-Karbuli information nor the al-Zarqawi betrayer lead the Americans to press the fire button on al-Zarwaqi’s two-story home. Al-Zarqawi was hard to catch because he reportedly eschewed trackable cell-phones in favour of high-tech Thuraya-made satellite phones to communicate.

The death certificate was signed by the secret informant who said both Sheikh Abu Abdul-Rahman and al-Zarqawi would be in Hibhid, Wednesday night.

For the elusive insurgent who had previously escaped attempts to bomb him, the execution came after comparison of this source’s information with tracks of the location of satellite phone users.

The location found was beside a property with a courtyard surrounded by fields away from other buildings. It appears then the US command made the decision to strike at an address in the small town, near Baqubah.

US special forces were on the scene to photograph the dead al-Zarqawi at 6:17 p.m., two minutes after two 500lb bombs were dropped. Al-Zarqawi was said to be alive and being given medical assistance when he died of wounds sustained in the bombing.

The announcement of the killing was made Thursday by Iraqi Prime Minister Nouri Maliki. Iraqi Prime Minister Nouri al-Maliki said to viewers of Iraqi television the $25 million bounty for information leading to the death or capture of al-Zarqawi would be “honored.”