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Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Beaches—East York (Ward 32). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donna Braniff, Alan Burke, Sandra Bussin (incumbent), William Gallos, John Greer, John Lewis, Erica Maier, Luca Mele, and Matt Williams.

For more information on the election, read Toronto municipal election, 2006.

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Wednesday, March 30, 2005A survey carried out by BBC Wales has revealed that the contents of a school meal in Wales cost on average just £0.49 per pupil. Average spending on meal ingredients varied slightly from council to council; with the Cardiff City council spending just £0.40 on each meal, whilst Powys council lavished £0.69 per pupil.

The survey follows a recent surge in media coverage of the eating habits of teenagers and children in the UK. Celebrity chef Jamie Oliver recently embarked on a campaign to improve food standards and raise awareness in schools. In response to his campaign the government has promised to spend an additional £280 million over three years on school food in England.

The survey covered twenty councils throughout Wales.

Friday, December 31, 2004

New York City — Actor Jerry Orbach died in his home in Manhattan at age 69. Orbach was a staple of American cinema, stage and television, with his most recent role being in the NBC police drama “Law and Order.”

Orbach is survived by his wife of 25 years, Elaine Cancilla, and his two sons Anthony and Christopher.

Orbach was born in the tough Bronx borough of New York City in 1935 to a family of entertainers. His father Leon Orbach was an vaudeville actor and his mother Emily Orbach was a radio singer and greeting card writer.

The family moved often to keep up with travelling Vaudeville acts, but eventually settled in Waukegan Illinois where Orbach played football at the local high school. After graduation, Orbach got a summer job at the Chevy Chase Country Club in Wheeling doing odd jobs ranging from stagecraft to small acting parts in plays.

He then studied drama at the University of Illinois before transferring to Northwestern where he studied the Stanislavsky Method of drama acting. In 1955, Orbach dropped out of college and moved to New York City where he got a job as an understudy in The Threepenny Opera.

Orbach continued to work in theater, eventually earning roles in broadway musicals, but by 1961 had grown dissatisfied with being typecast as a musical actor. He tried briefly to break into film without success, and eventually returned to broadway where he earned numerous accolades for his roles in such musicals as “Guys and Dolls” and “Chicago“.

Orbach finally broke into television in the 1980s as a recurring character in shows such as the mystery-drama “Murder She Wrote” and the hit sitcom “Golden Girls“.

He earned the lead role as the title character in his own short-lived series “The Law and Harry McGraw”, a spinoff of “Murder She Wrote”. Orbach also scored key roles in a few Hollywood films, including the action thriller “F/X”, and the dance-musical hit “Dirty Dancing”, but continued to find his mainstay in television crime dramas.

In 1990, he picked up a role in the new NBC crime drama “Law and Order” as the acerbic-witted Lennie Briscoe, a role which soon become a regular job. Orbach continued in this role in addition to movie roles and occasional musical appearances until his death this last week.

Orbach was diagnosed with Prostate cancer in Spring of 2004, a fact he kept private until November when he checked into New York’s Memorial Sloan-Ketting Cancer Center for treatment. In spite of the aggressive nature of the treatment, he died on the evening of December 28.