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Spain jobless figure hit ‘astronomical’ 5.4 mn

Agence France Press January 14, 2012 The number of people unemployed in Spain hit an “astronomical” level of 5.4 million at the end of 2011, Prime Minister Mariano Rajoy said on Saturday. The figure is more than 400,000 higher than the level reached in the third quarter of 2011, when the unemployment rate hit a 15-year high of 21.5 percent, the highest in the industrial world. “This year (2011) ...Read full article...

First Traitor who wants out: Tim Geithner considers leaving U.S. Treasury

Bloomberg June 30, 2011 Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter. Geithner said speculation about his departure was being driven by his decision to commute to New York so his son can finish his final year ...Read full article...