WASHINGTON - The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, a hopeful sign the job market is still on the mend. Other data on Thursday showed a sharp drop in new orders for U.S. factory goods, although orders outside the transportation sector rose for a second straight month, which should calm fears of a rapid loss of momentum in factory activity. "The economy is obviously feeling the strain from cooler global conditions and the policy uncertainty that continues
An important shift is developing in Saudi Arabian currency derivatives markets as Iran becomes engulfed in populist protests amid hyperinflationary pressures and armed conflict breaks out between Turkey and Syria, heightening concerns about tensions in the Middle East. The 12-month forward rate on the Saudi Arabian riyal – or the difference between how many riyals traders think a dollar will be able to buy a year from now and how many riyals a dollar can buy today – has been hovering just above zero for the past two weeks.
Denver - Mitt Romney prevailed over President Barack Obama in their first debate on Wednesday — with Obama not able to present a forceful defense of his tenure in office or why he deserved a second term. Romney put Obama off his game. Romney won — but did not turn the contest “upside down” as New Jersey Gov. Chris Christie predicted last Sunday. He beat Obama by a few points, not a knockout. (Snip) Obama never delivered a strong summary of what he did for job creation. He had a story to tell. He never told it.
Capitol Hill lawmakers expressed frustration after their requests for more information on the Libya attack were rebuffed by the State Department, with Secretary of State Hillary Clinton urging lawmakers to wait for the conclusion of an internal review. That review, though, could take months. Sens. Bob Corker, R-Tenn., and Johnny Isakson, R-Ga., on Wednesday renewed their demand for documents after Clinton declined to hand over the cables they initially requested. The House Intelligence Committee has not received any documents from the department either, Fox News has learned. "We hope that in the next few days you
Demand for U.S. factory goods in August fell by the most since January 2009, but the second straight month of gains in orders outside transportation hinted at a less rapid loss of momentum in manufacturing activity. The Commerce Department said new orders for manufactured goods tumbled 5.2 percent - the biggest drop since the recession - dragged down by a slump in demand for transportation equipment that was telegraphed in last week's report on orders for long-lasting manufactured goods. Factory orders had risen 2.8 percent in July and economists had expected them to drop 5.8 percent in August.
To the surprise of pretty much no one in baseball, the Red Sox announced Thursday afternoon that embattled manager Bobby Valentine was fired after only one season at the helm. The Red Sox finished in last place in the American League East with a record of 69-93, 26 games behind the first-place Yankees, a bummer in the 100th anniversary season of Fenway Park. The team said a search for a new skipper would begin immediately. "This year's won-loss record reflects a season of agony," Red Sox President/CEO Larry Lucchino said in a statement.
Watching Mitt Romney last night as he revived his campaign while demolishing President Obama was surely a bitter pill for Jon Meacham to swallow. On Morning Joe today, the former Newsweek editor sought to console himself. Meacham—twice—pointed out that although Mark Twain famously wrote that rumors of his death were greatly exaggerated, Twain did eventually die. Nice analogy, Jon! View the video after the jump. Watch Meacham look to keep liberal hope alive by envisioning Mitt Romney's political death.
A Philadelphia high school teacher is accused of telling one of her students to take off a Romney-Ryan T-shirt claiming it was like her wearing a KKK shirt. NBC's Washington affiliate said 16-year-old Samantha Pawlucy, a sophomore at Charles Carroll High School in the Port Richmond part of the city, wore a pink Mitt Romney/Paul Ryan T-shirt last Friday. According to Pawlucy, no one said anything about the shirt until she got to her geometry class "The teacher told me to get out of the classroom, I said no," Pawlucy told NBC10's Claudia Rivero.
A uniform-free “dress-down” day at Charles Carroll High School in Port Richmond turned into a public dressing down for a student who chose to wear a pink T-shirt supporting Mitt Romney for president. Samantha Pawlucy, a sophomore at Carroll High, said her geometry teacher publicly humiliated her by asking why she was wearing a Romney/Ryan T-shirt and going into the hallway to urge other teachers and students to mock her. “I was really embarassed and shocked. I didn’t think she’d go in the hallway and scream to everyone,” Pawlucy said. “It wasn’t scary, but it felt weird.” Pawlucy said she decided to wear
The liberal freak out over Barack Obama's poor debate performance continued on Thursday morning. Left-wing comic Jon Stewart appeared on Good Morning America to lament the President's "very difficult night" and jokingly warn, "I'm concerned that he may not reelect us. He may walk away." The comic even admitted Obama might not be as smart as he first imagined. Stewart mocked, "You know, I used to think the pauses, he was just trying to think of smaller words for the little brains to figure out what he was saying. This time, I really think the pauses
David Axelrod, President Barack Obama's top strategist, has said that the campaign will take a 'hard look' at how to approach future debates and admitted that 'I'm sure that we will make adjustments'. All but stating that Mitt Romney had won the Denver debate, Axelrod conceded that the performance aspect was 'not the President's strong suit in these events' but insisted that 'I don't see us adding huge amounts of additional prep time'. Axelrod, speaking on a campaign conference call, made an appeal to reporters to make the points that Obama himself had failed to make in the debate
Barack Obama has been savaged over his performance in last night's presidential debate, with one commentator even suggesting that he was less effective than the hapless Jimmy Carter. Even those who have been the President's most enthusiastic cheerleaders in the past lined up to denounce the evening as a 'disaster' for Mr Obama, and worried that Mitt Romney's resounding win would allow him to turn around his struggling campaign. Prominent Obama fans admitted the President as 'off his game', with one even saying: 'I don't know what he was doing out there.'
Barack Obama claimed that the AARP had endorsed his plans to reform Medicare during the first presidential debate in Denver last night. But just a few hours later the senior citizens' group spoke out to deny that it was supporting the President, and insisted that it did not wish to be drawn into the political horse-race. The rejection of his message came as another blow for Mr Obama, who has been widely pilloried for his underwhelming performance in a debate which most commentators agreed was won by Mitt Romney.
Following tonight’s first presidential debate, liberal pundit James Carville told his fellow CNN panelists that, despite his support for President Barack Obama, he has to admit that it looked like GOP challenger Mitt Romney had a better performance. “I had one overwhelming impression,” he said. “I did everything I could not to reach it, but it looked like Romney wanted to be there and President Obama didn’t want to be there.” He continued: “It seemed like Romney was happy to be there. Obama gave me the impression that the whole thing was kind a lot of trouble.”
SAN FRANCISCO— Californians watched closely Wednesday evening as President Barack Obama and Republican Mitt Romney sparred aggressively in their first campaign debate over taxes, deficits and strong steps needed to create jobs in a sputtering national economy. “The status quo is not going to cut it,” declared the challenger.(Snip) Both men made frequent references to the weak economy and high national unemployment, by far the dominant issue in the race for the White House. But debate watchers in California split on who they trust more on the economy, a significant moral victory for Romney. Even more importantly —
JIM LEHRER: Good evening from the Magness Arena at the University of Denver in Denver, Colorado. I’m Jim Lehrer of the PBS NewsHour, and I welcome you to the first of the 2012 presidential debates between President Barack Obama, the Democratic nominee, and former Massachusetts Governor Mitt Romney, the Republican nominee. This debate and the next three -- two presidential, one vice- presidential -- are sponsored by the Commission on Presidential Debates.
Appearing on MSNBC’s NOW on Tuesday, Georgetown University Professor Michael Eric Dyson claimed that, in his opinion, President Barack Obama was overly deferential to Mitt Romney during the debate because he was concerned he may come off as an “angry black man.” Dyson said that a tape released by The Daily Caller and broadcast on Fox News Channel on Tuesday night may have been on Obama’s mind during Wednesday night’s debate. NBC anchor Savannah Guthrie complimented Romney’s style over Obama’s. She said that, judging by body language alone, Romney appeared comfortable and confident.
The first big Presidential debate may have finished - but one issue is rumbling on: why was Mitt Romney wearing a U.S. Secret Service lapel badge? The Republican candidate sported a highly unusual Stars and Stripes badge during last night's event which has got tongues wagging. In the opening stages of the debate, social media users pondered aloud about an apparent dark blemish on Romney's lapel pin. The speculation was that it was a Republican elephant or even a tribute to Americans killed in last month's attack on the U.S. Consulate in Benghazi, Libya.
No wonder President Obama’s team is mad at Jim Lehrer. He screwed up their debate strategy by not bringing up the “47 percent” video like they had expected him to do. Before the debate, Robert Gibbs predicted that Obama wouldn’t need to get his hands dirty attacking Mitt Romney on that issue. “I have no doubt that the moderator is going to ask Romney maybe to spend a little bit more time telling us more elegantly, in his words, what he meant by what he said,” Gibbs said to The Huffington Post two day ago. HuffPo explained
DENVER (AP) - A day after his first debate with GOP presidential candidate Mitt Romney in Denver, President Barack Obama is holding a rally in Denver. Thursday morning's event is being held outdoors at Sloan's Lake Park, which provides a sweeping view of the mountains. Will.i.am will deejay before the president's arrival on the chilliest morning of the fall so far in the city. The Obama campaign is encouraging people to meet Tuesday's voter registration deadline.
Trayvon Martin shooter George Zimmerman is suing NBC over the network’s botched editing of his 911 tape, Page Six can exclusively reveal. We hear Zimmerman’s attorneys are about to file a complaint against NBC and its top executives, naming news president Steve Capus and correspondent Ron Allen, who was the reporter on the scene for the broadcast on “Today” on March 27. He also remained the reporter for the story on “NBC Nightly News.” A source tells us, “The suit will be filed imminently against NBC and its news executives. The network’s legal department has put everybody in the news department
This photo from the Associated Press illustrates how the first presidential debate went. President Obama and First Lady Michelle Obama appear a bit overwhelmed as they look for an exit off the stage. Mitt Romney, however, smiles as he collects his notes from the podium
Via the Mitt Romney pool report, the Republican hopeful made a surprise visit to Colorado's CPAC a short time ago, dusting off one of the zingers he used in last night's debate: “Last night I thought was a great opportunity for the American people to see two very different visions for the country. And I think it was helpful to be able to describe those visions. I saw the president’s vision as trickle-down government and I don’t think that’s what America believes in. I see instead a prosperity that comes through freedom. We have two very different
Live reaction of Barack Obama and Mitt Romney's head-to-head in Denver, Colorado, as the Republican comes out fighting. Latest 17.10 (12.10) The President is en route to his campaign rally. This comes from today's pool reporters, the New York Times's Mark Landler. [Snip] 17.01 (12.01) Al Gore, who has his own history of debate difficulties, has suggested that maybe Denver's altitude was responsible for Obama's poor performnace. The former vice president, who has been almost invisible throughout this campaign, said:" Obama arrived in Denver at 2 PM today--Just a few hours before the debate started.
A uniform-free “dress-down” day at Charles Carroll High School in Port Richmond turned into a public dressing down for a student who chose to wear a pink T-shirt supporting Mitt Romney for president. Samantha Pawlucy, a sophomore at Carroll High, said her geometry teacher publicly humiliated her by asking why she was wearing a Romney/Ryan T-shirt and going into the hallway to urge other teachers and students to mock her. “I was really embarrassed and shocked. I didn’t think she’d go in the hallway and scream to everyone,” Pawlucy said. “It wasn’t scary, but it felt weird.”