Francois Hollande, the president of France, wants his government to spend roughly $2.5 billion to create 150,000 jobs in 2012 and 2013. The details of the program are complex. The central government would subsidize the hiring of young people. Many of those targeted would lack advanced educations. Hollande understands it is more difficult for people in this demographic segment to find jobs. American policy makers should ask if a similar plan might work in the United States.
The youth unemployment rate in most developed nations is as much as double what it is for people who are over 25. The numbers are worse for young people who do not have college educations. To address the job prospects of these people would be to attack one of the single most difficult problems in the labor market. Employers in developed nations continue to use weak jobs markets to hire highly qualified and highly educated workers, even for jobs that would often…
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The warnings of severe thunderstorms in the New York area started coming in Thursday afternoon. But anyone outside who looked up didn’t need to hear it from the National Weather Service — the sky told them.
Dark clouds — and then lighting — provided awe-inspiring images around the region.
“The brunt of the storm itself was intense but short,” iReporter Matthew Burke of New York City said. “There was very strong rain and wind for about 15 minutes, at which point the rain cleared and the lightning show began.”
The storms that hit central New York were severe, and wind gusts that may exceed 80 mph were forecast for metropolitan New York City…
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Subject: Ten Ways You’ll Know The Recession Is Over
When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still say the economy is in either a recession or a depression.” Only 40% said they thought a recovery was underway. By the strictest measurements of economic data, economists said the Great Recession had ended. For a very large number of Main Street Americans, that opinion means nothing. Here are ten ways you will know the recession is over.
As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Today’s top analyst upgrades and downgrades were in shares of MO, AVP, CAT, GMO, IGT, LO, MRVL, TFM, TSCO, WFT, WLP and ZNGA. The most important financial news affecting the markets today.
Don’t forget. No matter…
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Shares of United Continental Holdings Inc. (NYSE: UAL) fell Thursday morning after the company’s second-quarter financials missed analyst estimates.
The stock is down 5.54% to $19.28. The 52-week low is $15.51.
United’s net income was $339 million for the quarter, or $0.89 share, compared with $538 million, or $1.39 a share in 2011. Analysts were expecting earnings of $1.70 a share, according to averages compiled by Thomson Reuters. The drop in net income was partially due to integration costs involving the merger between United Airlines and Continental Airlines. Yet operating income for the quarter, at $575 million, was still down 28.8% compared to a year ago.
Aircraft fuel, the largest expense for the airline, rose 5.6% compared to last year’s period to $3.4 billion. Meanwhile, salaries and related costs also rose 5.6% to $2.0 billion
Revenue for the airline was $9.9 billion, up from $9.8 billion in the year-ago period. Analysts were expecting revenue of just over $10…
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