Friday, September 04, 2009

MSNBC "Unemployment rate jumps to 9.7 percent"

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Associated Press
Sept. 3, 2009

WASHINGTON - The unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.

While the jobless rate rose more than expected, the economy shed a net total of 216,000 jobs, less than July’s revised 276,000 and the fewest monthly losses in a year, according to Labor Department data released Friday. Economists expected the unemployment rate to rise to 9.5 percent from July’s 9.4 percent and job reductions to total 225,000.

Read the full article here.

Wednesday, September 02, 2009

Debate over Fate of 5th Street's Old Station 23

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(photo courtesy of LA Times/ UCLA Library)

By Eric Richardson
Published: Tuesday, September 01, 2009
Blogdowntown

DOWNTOWN LOS ANGELES — Historic Fire Station 23 was decommissioned in 1960, but nearly 50 years later the building's future is still a topic of debate at City Hall.

Prompted by a developer's wish to purchase the building and renovate it, a city council committee today instructed the General Services Department to get an appraisal for the structure and to explore what it would take to sell the nearly century-old fire house.

Before it did so, though, it heard three different visions of what the building should be.


Read the full article over here.