Originally published on Fri February 3, 2012 9:41 am
The nation's unemployment rate dipped to 8.3 percent in January from 8.5 percent the month before as private employers added 257,000 jobs to their payrolls, the Bureau of Labor Statistics just reported. Overall, after a small drop at government agencies, employment grew by 243,000.
We'll add more from the report momentarily.
Update at 9:40 a.m. ET. White House, Republican Reactions:
-- "At least two people have been shot and killed in the Egyptian city of Suez, as police used live rounds to hold back crowds during a protest over security forces' failure to prevent a deadly football riot," al-Jazeera reports. And it adds that "one person was killed in Cairo just feet away from the Interior Ministry, as police in Cairo set off salvos of tear gas and fired birdshot."
Saying he is "completely puzzled by the notion that there was something immoral that went on here," the man at the top of the agency that regulates Freddie Mac has explained why he believes the taxpayer-owned mortgage company did nothing wrong when one of its arms, as NPR and ProPublica have reported, "placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."
"We have our own threats to impose at the right time" and "I have no fear of saying that we will back and help any nation or group that wants to confront and fight against the Zionist regime (Israel)," Iranian Supreme Leader Ayatollah Ali Khamenei said today after reports surfaced that Israel could soon mount air strikes on Iran's nuclear facilities.
Police have apprehended a man accused of stealing five tons of ice from a glacier in Chile. The Guardian reports police nabbed him with the illicit ice in his refrigerated truck. They believe he planned to sell it as designer ice cubes to the trendy bars of Santiago.
Poet Wislawa Szymborska of Poland died this week at the age of 88. Renee Montagne talks to Lawrence Weschler about her death. He covered Poland in the 1980s and '90s as a staff writer for The New Yorker. And Weschler has written about her in his books including his latest Uncanny Valley.
Anyone watching the recent court proceedings in the military commissions at Guantanamo Bay couldn't have helped but notice that several of the lawyers sitting on the prosecution side of the courtroom were not in uniform. That's because two of the five lawyers prosecuting the alleged mastermind of the USS Cole attack aren't members of the military at all: They are lawyers from the Justice Department.
Facebook filed to go public this week, and many analysts expect that it will be valued between $75 billion and $100 billion on the day of its initial public offering. That would make Facebook more valuable than GM, Ford and even Goldman Sachs.
What's most remarkable is that the company has barely 3,000 employees, and many of them are about to become very, very rich.