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Planned layoffs at U.S. firms rose for the third month in a row in November, partly driven by the bankruptcy of Hostess Brands, a report showed on Thursday. Employers announced 57,081 job cuts last month, the highest level since May and up nearly 20 percent from 47,724 in October, according to the report from consultants Challenger, Gray & Christmas, Inc. November’s job cuts were also up 34.4 percent from the 42,474 seen [...] Election officials in St. Lucie County will recount early votes cast in the hotly contested race for Florida’s 18th district’s House seat between Tea Party favorite Rep. Allen West and his challenger, Democrat Patrick Murphy. The St. Lucie County Canvassing Board announced late Saturday it had set an “emergency meeting” to start at 7 a.m. Sunday at its headquarters, to “recount all ballots cast during early voting.” The number of early [...] US Planned Layoffs Jump to a 5-Month High: Challenger The number of planned layoffs by U.S. firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. http://www.cnbc.com/id/49637586 A new National Public Radio poll, which had President Obama leading Mitt Romney 51 percent to 44 percent four weeks ago, now has Mitt Romney on top, 48 percent to 47 percent, with the Republican benefiting from his debate performances. The poll found that among likely voters, 34 percent said Romney’s debate performances made them more likely to vote for the challenger while 28 percent said they now are more likely to [...] In a debate about who should be commander-in-chief, Mitt Romney was just as much in command as the man in the job now. President Obama came into the debate with a record to boast of, and he used it to play offense. He poked and prodded Romney, even tried to bayonet him at one point, and sought to lecture his opponent on what it’s like actually to be president. The president accomplished [...] Mac Slavo
Amid one of the most hotly contested elections in U.S. history President Obama and his challenger Governor Mitt Romney take the night off from dirty politics and campaign stops to humor us a little bit. Poking fun at themselves and each other, the duo delivers a host of zingers and one liners to an audience of well-off New Yorkers, religious leaders, political insiders and business interests. While funny to [...] From Sober Look: The combination of an Intrade spike in Obama’s victory odds and the president’s comfortable polling lead in battleground states makes his victory in November a near certainty. Barring a mishap in the upcoming debates, we should see more political status quo in Washington. In fact, according to JPMorgan, “since 1948, no challenger that lost ground in the polls in the month after his convention has ever been elected President.” As discussed [...] The challenger to Hugo Chávez in the Venezuelan presidential election has vowed a dramatic change in foreign policy if he is elected next Sunday, shifting his country away from China and Russia and reviewing crucial oil deals. Henrique Capriles, who has gained ground in recent polls, said he would halt arms purchases from Russia, rethink relations with Iran and revise deals to exploit one of the world’s biggest recoverable oil resources in the [...] By Morgan Korn | Daily Ticker U.S. employers laid off 32,239 workers last month, the fewest number of job cuts since December 2010, according to a new report by outplacement firm Challenger, Gray & Christmas. Job cuts have now declined for three consecutive months, but it may be too soon to declare a trend in the labor market, says John Challenger, CEO of Challenger, Gray & Christmas. “Often layoffs slow down during the summer,” Challenger [...] Disgusting. Feinstein really comes off looking smugly arrogant, elitist and cowardly: WASHINGTON (AP) — While two veteran Republicans, former Wisconsin Gov. Tommy Thompson and Rep. John Mica of Florida, survived conservative challenges in Tuesday’s primaries, a veterinarian and political novice named Ted Yoho stole much of the spotlight. Florida tea party challenger Yoho was on the verge of a major upset against 12-term GOP Rep. Cliff Stearns as four states held primaries, including Connecticut and Minnesota. Yoho was ahead of Stearns by [...] From The Burning Platform: Neil [Howe] puts the 2012 election into a generational perspective. If you are looking for Neil to pick a winner, read no further. He’s an academic at heart and never tells you what he thinks will happen. But, he supplies plenty of data for you to make up your mind. The lack of reaction to a New York Times report filed by Jeremy Peters on July 15 and found on the front page of the its July 16 print edition has, at least to me, been nothing short of stunning. …. What Peters told readers, in essence, is that White House officials, the Obama administration in general, the Obama for America campaign, the campaign of presidential challenger Mitt Romney (though the evidence [...] Already this year, more than 283,000 people were fired according to Challenger Gray & Christmas. Of those laid off, nearly 60 percent were dismissed because of a corporate restructuring or cost cutting move. Business Insider dug through corporate filings, press releases, and data through Bloomberg to assemble a list of the North American companies that have been hardest hit by layoffs. Figures are based on announced numbers, meaning cuts may be partially underway or set to start later [...] Wrap up your July 4 celebrating early tonight, if you’re in the United States, because Thursday is going to be a huge day for markets.
In Europe, we’ll get decisions from both the Bank of England and the European Central Bank. Everybody thinks the BoE will do more QE, and there’s a widespread belief that the ECB will cut rates (probably by 25 basis points) though it’s hard to say, since the ECB is [...] The tea party, big-spending PACs and challenger Dan Liljenquist failed Tuesday to force 78-year-old Orrin Hatch into retirement. The self-proclaimed “tough old bird” flew easily through the GOP primary, so now only Democrat Scott Howell stands between him and a record-shattering seventh term. “I’m very energized by all this,” Hatch said as it became clear he would likely win by a wide margin. “This will give us an opportunity to help [...] From FT:
The President has seldom been a risk taker; he has operated within the boundaries of the possible, avoiding postures that yield no results. But he and his campaign have cleverly recognised that Mr Romney’s slow-footedness and lack of imagination presents an opportunity for them to shine in contrast. They have reversed the usual dynamic of reelection campaigns, highlighting the challenger’s stodginess while making Mr Obama’s into a nimble incumbent. Tonight begins what we suspect will be the busiest 36 hours in the history of economics.
Thanks to the shortened week, and just generally the scheduling of events, what starts tonight is going to be epic. We’re just going to run through all the data and events, which start tonight. At 7:00 PM ET tonight we get Korean industrial production. Following that at 7:50 comes Japanese industrial production. Those will both give good insight into [...] WASHINGTON – More than a month after becoming his party’s presumptive presidential nominee, Republican Mitt Romney has not publicly identified most of the fundraisers helping him collect the millions of dollars he needs to win the White House, even as he promises them special access perks. Romney is not required by law to disclose the identities of his fundraisers with the exception of those who work as federal lobbyists. Releasing the names [...] Telegraph There were Democratic presidential primaries held last night in Arkansas and Kentucky. Arkansas is traditionally solid Democrat; both are regarded as conservative “blue dog” states. As such they were a good test of how moderate or conservative Dems regard the administration’s record. Apparently, they are not happy. Obama faced his stiffest competition in Arkansas, where national media outlets had boosted the profile of his everyman challenger, lawyer John Wolfe. Some polls put [...] |
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