Tagged with Bloomberg

China Warns Residence In Algiers Of Terror Threat


The Chinese embassy in Algiers issued a warning to the 50,000 Chinese, who live and work in Algeria to be on alert and to take safety precautions, in response to a report that the al-Qaeda terrorist organization may target the area, reported BBC. An al-Qaeda-linked group said that it would avenge the deaths of Muslim … Continue reading

Iran: U.K. Employees Will be Tried


Some of the British embassy employees, who were arrested June 27 for helping to instigate the reelection protests, will be put on trial a top Iranian cleric said Friday, reported CNN. Iranian officials said that only one of the nine embassy employees that they had originally arrested was still in custody; however, Britain’s Foreign Office … Continue reading

U.S. Unemployment Rate Climbs to 9.5 Percent


As the U.S. continues in its longest depression since World War Two, the unemployment rate rose to a 26-year high of 9.5 percent in June with employers cutting over 467,000 jobs, reported the Associated Press. The Associated Press reported that many economists believe the unemployment rate will rise to 10 percent before the year’s end … Continue reading

U.S. Auto Sales Better than Expected


Reports released Wednesday by the automobile industry show that U.S. automobile sales for the month of June are better than analysts expected, reported Reuters. The Ford Motor Company led the industry with the lowest decline — 11 percent — in sales compared to the sales in June of 2008, reported the New York Times. Bloomberg … Continue reading

Obama Continues Push for Healthcare Reform


President Obama continued to push for healthcare reform Wednesday during a town hall-style meeting, where he addressed the advantages and criticisms of his plan, reported the Los Angeles Times. Bloomberg reported that Pres. Obama said that healthcare reform could not be stalled and that it must be passed this year, when he was speaking at … Continue reading