United States

Strait of Hormuz powder keg: WW III in 2012?

Source / Courtesy: RT.com RT: With tensions around the Strait of Hormuz sky-high, Iranian plans to conduct the country’s “greatest naval war games” could coincide with joint US-Israeli exercises in the Persian Gulf. With both sides taking positions, could a real battle be looming? Hopefully the massive exercises will remain […]

Fed Policy Makers Urge More Housing Aid

Three Federal Reserve policy makers said the U.S. government should try new ways to spur the housing market without agreeing about how much more the central bank needs to do to bring down interest rates. New York Fed President William C. Dudley said in New Jerseyyesterday that “additional housing policy […]

U.S. Economy Gains Steam as 200,000 Jobs Are Added

http://pix04.revsci.net/H07707/b3/0/3/0806180/930519716.js?D=DM_LOC%3Dhttp%253A%252F%252Fwww.themuslimtimes.org%252Fwp-admin%252Fpost-new.php%26DM_CAT%3DNYTimesglobal%2520%253E%2520General%26DM_EOM%3D1&C=H07707The United States added 200,000 new jobs last month, the Labor Department said Friday, a robust figure indicating that the economic recovery may finally be building up a head of steam. The nation’s unemployment rate fell to 8.5 percent in December, from a revised 8.7 percent in November, the government […]

Private hiring surges, jobless claims dip

(Reuters) – Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012. The ADP National Employment Report’s December job tally surprised economists who had expected a 178,000 gain. It was also well […]

Behind Every Great Woman

Bloomberg: As more women earn high-level corporate roles, more husbands are staying home, raising the kids, and changing the rules. Among the 80 or so customers crammed into Bare Escentuals, it’s easy to spot Leslie Blodgett. It’s not merely her six-inch platform heels and bright magenta-and-blue dress that set her […]

Muslim hero overlooked at 9/11 memorial

RT: Mohammad Salman Hamdani was on his way to his job at the DNA analysis lab at Rockefeller University on September 11, 2001 when the 23-year-old EMT and police cadet raced to the World Trade Center to lend a hand. It was months before Hamdani’s mother learned that her son’s […]

Nobody Understands Debt

Courtesy: NY Times By PAUL KRUGMAN In 2011, as in 2010, America was in a technical recovery but continued to suffer from disastrously high unemployment. And through most of 2011, as in 2010, almost all the conversation in Washington was about something else: the allegedly urgent issue of reducing the […]