The early days of the recession were characterized by massive layoffs across industries, and while economists caution that the labor market isn’t there yet, a surge of private sector layoffs in July may indicate that the American recovery is stalling out. This week has been a worrisome one for economists who monitor the health of the U.S. economy, with mounting signs all pointing in the same direction: For the average American worker, a rebound will not be soon forthcoming. In fact, things seem to be moving in the other direction. GDP growth is weak; new hiring is not keeping pace with population growth, according to fresh data; and growth in manufacturing — which once lead the recovery — has practically ground to a halt. But most worrisome of all the signs, perhaps, is the return of mass layoffs. For the past three months, American companies have been cutting their workforce in increasing numbers, according to a new report from Challenger, Gray & Christmas, an outplacement consultancy group in Chicago. In July, the number of planned job cuts surged to a 16-month high of 66,414 — a 60 percent increase from June. “We’re beginning to see patterns that are disconcerting, and the really troubling part is this: Nothing is happening in the economy which is going to boost job growth,” said Christine L. Owens, executive director of the National Employment Law Project. The pattern, if it continues, could spell serious trouble for the American labor market. “What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that until now have enjoyed relatively low job-cut levels, including pharmaceuticals, computer and retail,” John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. Still, the Challenger report cautions, it’s too early to say whether these cuts are the beginning of a larger trend or just a couple of bad months. More than 50 percent of July’s layoffs were concentrated at just five companies: Merck & Co., Borders, Cisco Systems, Lockheed Martin and Boston Scientific. And as the report lays out, the top three job-cutting companies reduced their workforces for reasons not driven directly by weakness in the economy, but “by factors specific to those companies’ operations.” Borders, for example, “was unable to compete in an increasingly digital landscape, dominated by Amazon.com and Barnes & Noble.” But other signs suggest the surge in layoffs may have deeper roots than a handful of companies’ need to shed employees. With the exception of slight improvement last week, new weekly unemployment claims have topped 400,000 a week for more than three months — the level generally considered the dividing line between an improving labor market and a stagnant one. Likewise, the number of job openings dropped in June and July, according a firm that tracks online job postings. Another telling piece of the puzzle: The number of temporary workers — whose fortunes are closely watched as an indicator of employers’ future hiring intentions — dipped between May and June, according to the Bureau of Labor Statistics. If the layoffs continue to increase, Owens said, the effects will be brutal for an already battered American workforce. “I think that we will see an increase in poverty and a growth in bankruptcies,” she said. Even more worrisome: An extension of federal unemployment insurance for the long-term unemployed, discussed in negotiations in Washington as late as July, was not included in the final debt deal signed into law on Tuesday. Owens said that workers who lost their job in the July cuts and are unable to find work by the end of the year will not have government unemployment benefits to help keep them above the poverty line. “We’re going to see significant social impact for these workers, their families and on their communities: because the resources that these folks were able to pump back into their communities will be gone,” Owens said.
Continue reading …The debt deal has been signed, but the work is far from over: Now a special committee must figure out how to cut $1.5 trillion more from the deficit. The bipartisan panel, which will be composed of six Democrats and six Republicans, was created by the measure after President…
Continue reading …Gay marriage is now legal in Washington state—as long as the wedding takes place on the Suquamish Tribe’s reservation and at least one of the parties is a member of the tribe. The tribal council has voted unanimously to recognize same-sex marriages, making it only the second tribe in…
Continue reading …Hackers infiltrated 72 world organisations including United Nations and IOC, security company McAfee discovers Dozens of countries, companies and organisations, ranging from the US government to the UN and the Olympic movement, have had their computers systematically hacked over the past five years by one country, according to a report by a leading US internet security company. The report, by McAfee, did not openly blame any country but hinted strongly that China was the most likely culprit, a view endorsed by analysts. China has previouslybeen implicated in a range of alleged incidents of cyberspying – a practice Beijing vehemently denies – including a concerted attack on Google and several attempts to prise secrets from computers at the Foreign Office. But the McAfee report is among the most thorough attempts yet to map the scale and range of such data-theft efforts. The study traced the spread of one particular spying malware, usually spread by a “phishing” email which, if opened, downloaded a hidden programme on to the computer network. Through tracing this malware and also gaining access to a “command and control” computer server used by the intruders, McAfee identified 72 compromised companies and organisations. Many more had been hacked but could not be identified from the logs. “After painstaking analysis of the logs, even we were surprised by the enormous diversity of the victim organisations and were taken aback by the audacity of the perpetrators,” said Dmitri Alperovitch, the company’s head of threat research and the author of the report. Of the hacking victims 49 were US-based, among them various arms of federal, state and local government, as well as defence contractors and other industries. There were two targets in the UK, a defence company and a computer security firm, while other governments included those of Taiwan, South Korea, and India. Also found on the logs were records from the United Nations, the International Olympic Committee and two national Olympic committees – one of which was accessed by the hackers for more than two years continuously. McAfee was at pains not to identify the suspected culprit. However, it did little to disguise its suspicions, noting that the targeting of the Olympic groups, and the sport’s anti-doping agency, immediately before and after the 2008 Beijing Games was “particularly intriguing” and pointed to a country being to blame. China has been accused in the past. After Google came under a so-called “advanced persistent attack” in 2009 which it said originated in China, the US secretary of state, Hillary Clinton, asked Beijing for an explanation . This year William Hague said a “hostile state intelligence agency” – identified by UK sources as China – had penetrated the Foreign Office’s internal communications system. While a high proportion of media attention on cybersecurity focuses on the loss of personal data, such as the recent security breaches at Sony , and the activities of hacking collectives such as LulzSec , analysts say this is often minor when compared with the methodical, industrial-scale attempts to seize commercial and state secrets, presumed to be carried out by many countries, chief among them China. Alperovitch said state-orchestrated hacking was so endemic and ambitious it could reshape the workings of the global economy. “What we have witnessed over the past five to six years has been nothing short of a historically unprecedented transfer of wealth,” he said. If only a fraction of the stolen data was used to gain commercial or technological advantage “the loss represents a massive economic threat not just to individual companies and industries but to entire countries that face the prospect of decreased economic growth in a suddenly more competitive landscape and the loss of jobs in industries that lose out to unscrupulous competitors in another part of the world”. Beyond even this, he added, were the national security implications of stolen intelligence or defence files. Such was the endemic scale of this problem, Alperovitch said, that he divided large corporations into two camps: “Those that know they’ve been compromised and those that don’t yet know.” He said: “This is a problem of massive scale that affects nearly every industry and sector of the economies of numerous countries, and the only organisations that are exempt from this threat are those that don’t have anything valuable or interesting worth stealing.” When Google accused China last year the ministry of industry and information technology told the state news agency Xinhua: “Any accusation that the Chinese government participated in cyber-attacks, either in an explicit or indirect way, is groundless and aims to denigrate China. We are firmly opposed to that.” No one was available for comment at the foreign ministry in Beijing. Chinese officials have previously said that China has strict laws against hacking and is itself one of the biggest victims. Dave Clemente, a cybersecurity analyst from the Chatham House thinktank, said it was likely China was also targeted by hackers acting on behalf of other countries. “It’s going in both directions, but probably not to the same extent,” he said. “China has a real motivation to gain these types of industrial secrets, to make that leapfrog. There’s probably less motivation for the US to look to China for industrial secrets or high technology. But certainly there’s things China has which they’re interested in, maybe not for commercial advantage but in a geopolitical sense.” Clemente said McAfee’s characterisation of such hacking efforts as a wholesale theft of intellectual property and secrets was “fairly reasonable”: “It’s confirmed not just by this report but by so many dozens of other incidents which build up to an overall picture.” The effects, however, were harder to quantify: “The blueprints are only part of the picture. The technology for, say, how to build a sophisticated jet engine is one thing, but there’s a whole set of other processes – the logistics, how to manage the supply chain to build more than one, the long-term management of a really advanced manufacturing process.” While basic security or human errors often made hacking easier than it should be, Clemente said, even the biggest organisations struggle to stop sophisticated attacks: “There’s not much even Google can do if China’s really determined to get inside its networks. It’s not a fair fight in that sense.” Hacking Data and computer security Google China United States Peter Walker guardian.co.uk
Continue reading …Toshiba promised that a fix for its Thrive tablet’s pesky resume-from-sleep mode issue was coming this week, and the company’s now let us know that the update has indeed rolled out today. Thrive owners can download the update simply by opening up the Toshiba Service Station app on the tablet — if only all sleep problems were cured so easily. As mentioned earlier, the update also apparently enhances the “multimedia playback capabilities of the device,” although it’s still not clear exactly what those enhancements entail. Toshiba rolls out fix for Thrive tablet’s sleep problems originally appeared on Engadget on Wed, 03 Aug 2011 15:25:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Drake – Dreams Money Can Buy – (Road To Take Care) Album Drake Ft. Rick Ross Lil Wayne – I’m On One – (Road To Take Care) Album Drake Ft. Lil Wayne Big Sean – All Of The Lights – (Road To Take Care) Album MyOwnSummer16 says: A Milli by Lil ‘ Wayne is waaay too catchy.
Continue reading …“No lie, just had one of the best times of my life at Rucker park..wow! I love NY…Harlem waddup.” — KEVIN DURANT, forward for the Oklahoma City thunder, via Twitter after scoring 66 points at the famed playground hoop during an Entertainers Basketball Classic game (via ESPN)
Continue reading …Record haul discovered after pleasure cruiser is searched in docks as separate drugs ring jailed in London for similar plot Two massive consignments of cocaine bound for Britain’s streets have been seized in operations by the police and UK border agency. The Home Office said the discovery of 1.2 tonnes of cocaine hidden aboard a pleasure cruiser at Southampton was a record haul in the United Kingdom. In London, members of a smuggling ring were jailed over a separate conspiracy which saw a tonne of cocaine grabbed off the Spanish coast after an operation spearheaded by the Metropolitan police. Scotland Yard believes the jailing is the final link in taking out virtually the entire international network, which involved drug dealers in London who bought a boat in Canada, then shipped the drugs from South America, through the Caribbean, on to Spain, and eventually into the UK. But experts in drugs policy warned the massive seizures, while examples of good work by UK law enforcement, would make little difference to the price of cocaine or its availability on the streets. The seizure of £300m worth of drugs from the pleasure cruiser at Southampton docks followed an international operation. Once the vessel was seized it took six days of searching of the 65ft craft for investigators to find the cocaine. Six people have been arrested. The drugs, with a 90% purity, are believed to have come from Venezuela. Brodie Clark, head of the UKBA said: “It’s a major seizure. It’s about serious crime, it’s about major criminal disruption.” At the end of the Scotland Yard case, two members of the British end of another drugs ring were sentenced for their part in a drugs network which was trying to smuggle one tonne of cocaine into the UK in December 2009 aboard a ship called the Destiny Empress. The breakthrough came when police in London, investigating two seemingly mid-level drug dealers, raided a west London home, during which a detective noticed a piece of paper in their bin. It was a receipt for about £200,000 worth of work on a boat moored in Nova Scotia, Canada. The boat was a former Canadian coastguard vessel which was being refurbished and converted to hide the drugs. It was seized by the Spanish navy 200 miles off the Iberian coast. Fourteen people have been convicted in Britain, and sentenced to a total of 79 years, and trials are still to take place in Spain. Detective Inspector Steve Ellen said: “It’s rare to take out the whole network.” He said some involved were “clean skins”, with no record of involvement in drugs or criminality. Harry Shapiro of the charity Drugscope said the massive seizures were unlikely to have had much effect on the ability of cocaine users to buy the class A drug. He said: “No one is reporting a cocaine drought. “Everyone knows you can’t stamp out drug use and stop drugs getting in, it’s always going to be an exercise in damage limitation. The role of the authorities is to do whatever they can.” The Serious and Organised Crime Agency estimates that 25-30 tonnes of cocaine is smuggled into the UK every year, meaning the record seizure off the waters of Southampton represents 4% of the annual amount.The average price of a gramme of cocaine sold on the streets is £60 to £70, and one way dealers can compensate for a drop in supply is by cutting the purity. A report from MPs on the home affairs committee in 2010 found that purity levels had dropped, meaning one gramme could contain just 5% pure cocaine. Cocaine is the second most popular drug in the UK, with its use having trebled in the last decade. Drugs trade Drugs Health Crime Police Vikram Dodd guardian.co.uk
Continue reading …Forces employing suppliers without ‘due diligence’ after rushed closure of loss-making central service The closure of the Forensic Science Service has been so rushed that police forces have been forced to turn to untested private suppliers to fill the gap, a police authority has warned. Andrew White, the chief executive of the Hertfordshire police authority, said he had no choice but to sign off new contracts without doing the usual due diligence after being told that if they were not in place by the middle of July, there would be no access to forensic services in October. “This was not considered an option,” he said. Hertfordshire is one of 10 forces, including Hampshire, Kent and the City of London, in a joint competitive tendering exercise to replace the Forensic Science Service (FSS). The contracts range from simple DNA analysis from swabs taken when people are arrested, through to specialist support at crime scenes, including murder and
Continue reading …In Kenya and Somalia, doctors are racing to get malnourished children fed as a devastating famine ravishes the Horn of Africa. (Aug. 3)
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