Jobless Americans to lose unemployment benefits: More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Amid mass unemployment, corporate profits surge: Fortune magazine released its ranking of the 500 biggest US corporations Monday, which showed that they received a record-breaking $824 billion in combined profits in 2011, up 16 percent from 2010.ck lost more than 8% of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank takes with its own money. Why Isn't Closing 40 Philadelphia Public Schools National News? : In what should be the biggest story of the week, the city of Philadelphia's school system announced Tuesday that it expects to close 40 public schools next year and 64 by 2017. Greece will run out of money soon, warns deputy prime minister: Greece's deputy prime minister has said the country will run out of money in six weeks unless it honours its bitterly-disputed EU bailout deal. U.N. Warns of Social Fall-Out from Spain's Austerity Plan: - An expert body of the United Nations has warned the Spanish government that the severe budget cutbacks it is applying must not undermine its commitment to upholding the economic, social and cultural Angela Merkel dealt further blow by German voters in key state election: North Rhine-Westphalia re-elects SPD-Greens in bellwether result seen as a rejection of her austerity measures at local level
Monday, 14 May 2012
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