President Barack Obama continues his jobs tour this week, with stops in Columbus, Ohio and Raleigh-Durham, N.C., rallying support for his jobs plan. Federal Reserve Chairman Ben Bernanke is expected to speak at a conference on regulation of systemic risk on Thursday, five days before the Federal Open Market Committee begins its meetings next week. Tonight, is the first Tea Party debate, which GOP presidential hopefuls Michele Bachmann, Mitt Romney and Rick Perry are expected to attend. And Anthony Weiner's old Congressional seat in New York's ninth district is up for grabs in a special election tomorrow.
Egyptian protesters surrounded Israel's embassy in Cairo on Saturday, prompting Israel to deploy military jets to rescue their diplomats there. A clash between police and demonstrators ensued. The protests were in response to Israel's military killing five Egyptian policemen on the Gaza border last month, as Israeli forces pursued militants who had killed eight Israelis.
On September 11, 2001, terrorists hijacked four planes, flying two into the Wold Trade Center towers and one into the Pentagon. The day will forever be known simply as 9/11. Ten years later, America has become involved in two overseas wars, the assassination of Osama bin Laden, and the spread of revolution through the Arab world. Is it time to finally end the "War on Terror"?
Jobs, jobs, jobs. The day after Labor Day millions of Americans are wondering when their next chance for employment will come. The nation's unemployment rate stands at 9.1 percent and experts believe it's going to take years before it goes back down to normal. Ryan Avent, economics correspondent at The Economist, believes the number of jobs available could rise if a city's population density rises. He wrote in The New York Times about what other ingredients need to be mixed in with a dense population to create a healthy economy.
As the financial crisis in the euro zone has continued to spiral in recent months, Europe may be moving closer centralizing coordination of debt and spending policies. Some global financial officials are endorsing a central European financial authority, with powers to tax, issue bonds, and approve budgets, as a way to combat inefficiencies in dealing with economic strife. Such a change could make Europe's 17-nation economic union into a sort of United States of Europe.
Labor Day weekend got off to a rough start this year with some pretty dismal jobs numbers. The economy created a net gain of zero jobs last month. President Obama will surely use that troubling statistic to drive home his message in his jobs speech this Thursday evening. Many different solutions have been offered to help the economy recover. Could "buying American" be the fix we need to create jobs? Anders Lewendal, a general contractor in Bozeman, Montana, is trying just that as he constructs a home built mostly from "all American" materials.
It's Monday, so we're discussing news ahead for the week. Next Sunday will be ten years since the 9/11 attacks. This will be a week of reflection — not just for Americans but for everyone around the world. As we remember 9/11, many Americans are still without jobs and struggling to make ends meet. Charlie Herman, business and economics editor for WNYC and The Takeaway, says not to expect anything game-changing from Federal Reserve Chairman Ben Bernanke's speech this Thursday in Minnesota on the economic outlook. His speech will be followed by President Barack Obama's jobs speech. And across the Atlantic, Dominique Strauss-Kahn returned to France over the weekend, and the hunt for Col. Muammar Gadhafi continues in Libya.
Alaskan waters remain off-limits to drilling, much to many oil companies' dismay. But Exxon has decided to hop over the Bering Strait, and make a deal with Russia to explore for oil in the Arctic Ocean in their territory. This deal may show how lucrative climate change has become to the oil business, since more oil is becoming available as Arctic ice recedes.
Hurricane Irene swept through the Northeast last weekend with a fury that destroyed homes, roads, towns, and took lives. Now, people in towns and cities across the region are coping with the clean-up process. The storm hit places in Vermont and upstate New York particularly hard.
Since Wikileaks first began releasing diplomatic cables, the organization has been seen as a threat by the U.S. government and foreign officials. WikiLeaks recently published more than 134,000 diplomatic cables, but unlike previous "document dumps," WikiLeaks published the information themselves rather than working with established media partners like The New York Times and The Guardian. Previously, WikiLeaks would turn over documents to its media partners, which would study and redact the information before releasing it to the public. This time, WikiLeaks chose to release the documents without removing the names of diplomatic sources and other contacts.
President Obama announced his choice for the new head of the Council of Economic Advisers: Princeton University professor Alan B. Krueger. The 50-year-old most recently served as chief economist for the United States Treasury — those credentials might make for a quick Congressional approval.
As rebels in Libya continued their search for Col. Moammar Gadhafi yesterday, Algerian officials announced that Gadhafi's wife and three sons had crossed the border from Libya, and are now hiding out there. More countries are continuing to recognize the new Libyan government — except for Algeria, which remains the only North African neighbor not to address Libya as such.
As students across the nation head back to school, The Takeaway presents a special report on education this week. Today, we focus on budget cuts. As states continue to take in less revenue, public schools around the country are seeing their budgets slashed. It's the principal's job to examine a budget, and distribute available funding in a way that's in the best interest for the students.
It's Monday morning, which means it's time to take a look at what's on the agenda for the week ahead. President Obama will be preparing his Labor Day speech on the economy this week, and after after Hurricane Irene's chaotic visit to the East Coast, leaving billions of dollars in damage behind, he may have to rethink what he's going to say. Irene hit at a time when the U.S. economy is continuing to slump and millions are jobless. Unemployment figures will be out on Friday, and the Congressional Budget Office is predicting that employment will not return to normal levels until 2017. Meanwhile Greece, may not receive a bailout from the European Union, as Finland hesitates to approve it. All EU members must approve the bailout, for it to go into effect.
Hurricane Irene pounded North Carolina early Saturday morning and continued north wrecking havoc all the way up to New England, where floods are reportedly occurring in Vermont. Tomorrow, as residents of cities along the eastern coast of the U.S. attempt clean up Irene's wreckage, the southern U.S. will be reminded of their own recent natural disasters: it's the sixth anniversary of Hurricane Katrina. Thanks to Katrina, and American outrage over certain politicians' reactions to the storm and its aftermath, the northeast's politicians learned to take every precaution necessary as they deal with Irene.
Hurricane Irene left neighborhoods, towns and cities flooded along the eastern seaboard. Philadelphia was one of the worst hit in terms of floods, with bodies of water like the Schuylkill and Delaware Rivers climbing to ten feet or more above normal levels. States like New Jersey and Vermont are also experiencing Irene-triggered floods.
As the revolution continues in Libya, independent radio stations have begun broadcasting in Benghazi and Tripoli, and the practice is becoming more popular. Without state censors watching their every move, broadcasters are free to spread their message far and wide. Our partner the BBC has been monitoring this and brings us this report on what role the radio is playing in revolutionary Libya.
A very rare event happened In the northeastern part of the United States yesterday. A 5.8 magnitude earthquake centered in Mineral, Virginia sent tremors outward, all the way north to New York and New England, and south to North Carolina. Limited damage was reported and some even found the event to be exciting. The earthquake follows a number of natural disasters we have witnessed this year, including Japan's massive quake and tsunami, tornadoes ravaging southern states and the Mississippi River rising to historic levels, flooding cities in its path. And now Hurricane Irene, which experts predict could turn into a category 4 storm, and may hit Florida on Friday.
Rebel forces are inching closer to full control of Libya's government and ousting Col. Moammar Gadhafi from power. Their success was aided by NATO's constant airstrikes on Tripoli, and that combination has proven to be successful thus far. Could this become a fighting model for future battles?
With Col. Muammar Gadhafi's rule in Libya seemingly over, President Obama called for him to step down, to avoid further bloodshed as rebel forces continue to fight loyalists in the capital of Tripoli. Republicans are calling for an even bigger military presence in Libya. It's safe to say that Obama has some difficult decisions ahead, in regard to how the U.S. will be involved in Libya's transition to democracy.