WASHINGTON (AP) â€• The nation’s unemployment rate jumped to 5.5 percent in May – the biggest monthly rise since 1986 – as nervous employers cut 49,000 jobs.
The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship in the housing, credit and financial sectors.
“It was ugly,” said Richard Yamarone, economist at Argus Research.
With employers worried about a sharp slowdown and their own prospects, they clamped down on hiring in May, said Friday’s report from the Labor Department. The unemployment rate soared from 5 percent in April to 5.5 percent in May. That was the biggest one-month jump in the rate since February 1986. The increase left the jobless rate at its highest since October 2004.
Careful. It looks like a seven iron but it’s really a toilet.
This may sound like a joke, but itâ€™s not. I am a Board Certified Urologist, practicing in Florida, a place where Golf is played year round. Every day I hear these same complaints from my patients because they suffer from urinary frequency (a condition that can begin in men, as early as their mid 30â€™s). Even if you donâ€™t have this problem, letâ€™s face it, there are not too many bathrooms on the golf course.
These are the very patients that inspired me to create the UroClubâ„¢. A camouflaged portable urinal, designed to be discrete, sanitary and create an air of privacy! It looks like an ordinary golf club and comes equipped with a unique removable golf towel clipped to the shaft that functions as a privacy shield!
From Vanity Fair:
Curious to see what labels were name-dropped in the movie, VF Daily sent two reporters to a screening of SATC: TM to count the number of times the promotional products were seen on the screen, along with other brands that were blatantly mentioned. Hereâ€™s the unscientific breakdown of the many, many goods in Carrie Bradshawâ€™s fantastical world.
Despite home foreclosures going through the roof (note, roof now owned by bank), our Preznut has decided to rub salt in the wounds of those with mortgage problems by declaring June to be National Homeownership Month.
National Homeownership Month, 2008
A Proclamation by the President of the United States of America
For many Americans, owning a home represents freedom, independence, and the American dream. During National Homeownership Month, we highlight the benefits of owning a home and encourage our fellow citizens to be responsible homeowners.
My Administration is committed to helping Americans achieve their dreams of homeownership. We have worked to ensure that the mortgage industry is more transparent, reliable, and fair, and in order to sustain homeownership, we have launched initiatives to help responsible homeowners keep their homes. The FHASecure program has given the Federal Housing Administration more flexibility in refinancing mortgages for homeowners who have good credit histories but cannot afford their current payments. In addition, the HOPE NOW Alliance connects struggling homeowners with lenders, loan servicers, and mortgage counselors to help families stay in their homes. Homeowners deserve our help, and these initiatives assist those in need.
The design calls for an exciting new cultural centre in the new Seven Pearls district of Dubai. This landmark development will accommodate an opera house, playhouse, arts gallery, performing arts school and themed hotel on an island in Dubai Creek just off the mainland part of the district. All of these facilities will be state of the art to host world class performances and exhibitions. The opera house will have a seating capacity of 2,500 while the playhouse will have a seating capacity of 800.
The arts gallery with 5000m2 of exhibition space is indeed a full size exhibition facility comparable to the Guggenheim Museum in New York. The hotel will accommodate guests in a 6 star setting. Sited on an island in Dubai Creek, the development will be connected to Greater Dubai by a road connection to the mainland.