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http://www.bloomberg.com/news/2011-08-03/shortening-federal-unemployment-benefits-will-help-jobless-in-u-s-view.html

By the Editors Aug 2, 2011 5:00 PM PT

In 2009, Congress extended jobless benefits to 99 weeks, the longest period in U.S. history. Those payments were meant to help unemployed workers get through a tough recession, while shoring up a faltering economy. Was it a wise approach? And with extended benefits expiring at year’s end, should compensation be prolonged again?
Drawn-out benefits have been most effective at sustaining household income for displaced workers. State and federal programs will pay $129.5 billion this year in jobless benefits, according to Labor Department actuaries. Those payments provide roughly 50 percent of lost wages.
Nearly all that cash re-enters the economy quickly as recipients pay for food, clothing or housing. For that reason, jobless benefits have long been thought of as one of the most efficient ways to prevent consumer spending from collapsing during a slump.
Unfortunately, the 99-week experiment hasn’t been so successful in helping people get re-employed. Drawn-out benefits have caused job hunts to stretch out by almost a month — with no greater guarantee of success — according to economists Mary Daly, Bart Hobijn and Rob Valletta. All three work for the Federal Reserve Bank of San Francisco.
In a discussion paper published this month, the Fed economists conclude that 99-w...

Proposed rules for derivatives trading could push up financing costs and create “material risks” for the global economy because of a lack of co-ordination, the US and European Union have been warned by the financial services industry.
The warning is contained in a letter sent on Wednesday by eight leading trade associations – including the European Banking Federation, the Futures and Options Association, the Investment Management Association and the Wholesale Market Brokers’ Association – to Tim Geithner, the US Treasury secretary, and Michel Barnier, EU internal market commissioner.

It is the basic right of everybody to make a car accident claim when they suffer from a physical injury because of that accident. It’s a way to get justice and to teach that people a lesson who is responsible for that accident. But it’s not easy

Effective marketing using the Internet – this happens to be the mantra of the modern generation. The potentials lying hidden within the Internet must never be underestimated.

Business Web Design Strategies are as relevant as the conventional marketing strategies that prevailed before the advent of the internet.

The killing of Osama bin Laden gave New Jersey’s economy an emotion-fueled boost Monday morning. But consumers and investors turned their attention to jobs, gasoline prices and inflation by Monday afternoon.



Myla Williamson gave a typical sober response when she said she was pleased to see the nation’s most wanted terrorist brought to justice. But for her, at least, the day was no different.

* Anxiety missing in VIX measure as stocks fall
* Steady nature of decline keeps worries in check
* March sell-off saw higher volatility
By Doris Frankel
CHICAGO, June 14 (Reuters) - The relentless decline in U.S.
stocks over the past six weeks lacks a key characteristic from
other recent sell-offs -- higher volatility.

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The Associated Press

Published: Thursday, Jun. 16, 2011 – 12:44 pm
ROME – The director of the anti-doping lab for the 2012 London Olympics has a warning for any athletes considering using banned substances.

“If you want to take drugs don’t come to London – because we’ll catch you if you take drugs,” professor David Cowan said at the end of a World Anti-Doping Association symposium on Thursday.

The Associated Press

Published: Thursday, Jun. 16, 2011 – 12:44 pm
ROME – The director of the anti-doping lab for the 2012 London Olympics has a warning for any athletes considering using banned substances.

“If you want to take drugs don’t come to London – because we’ll catch you if you take drugs,” professor David Cowan said at the end of a World Anti-Doping Association symposium on Thursday.

Cowan heads King’s College London’s Drug Control Center, the only WADA-accredited lab in Britain.