Friday, December 5, 2008

Daily Updates from The Page on TIME.com

The Page --- The Latest Updates

Bush to Make Statement on Economy Friday

The President will speak -- likely about the latest unemployment numbers -- from the South Lawn at 11:30 am ET.      

"There Are No Quick or Easy Fixes"

President-elect Obama issues a statement responding to Friday's grim jobless numbers. Promotes his economic recovery plan, designed to save or create at least 2.5 million jobs over two years. "...It's likely to get worse before it gets better. But now is the time to respond with urgent resolve to put people back to work and get [...]

Unemployment Hits 6.7%

Employers cut 533,000 jobs last month-- the most in 34 years. Hikes unemployment rate from 6.5% to 6.7%. AP: "Dramatic proof the country is careening deeper into recession." NY Times: Promises "to make the current recession, already 12 months old, the longest since the Great Depression." WSJ: Figures "support expectations that Federal Reserve officials will soon lower interest rates [...]

Automakers On the Hill, Day Two

House Financial Services Committee questions the Big Three CEOs NOW. Read lineup here. Chairman Frank says "the country is held hostage" by the continued debate and that thunemployment numbers out Friday make auto industry rescue more urgent. Click here to watch live. Comes after a long Thursday of testimony before the Senate Banking Committee. NY Times: Fiscal hawks [...]

The Education of Barack Obama

David Brooks on Obama's tough decision of picking a reformist education secretary. Read Brooks' list of possible education secretary reformers here. Read Brooks' list of status quoers here.      

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Swampland

So Long, Farewell, However You Spell Auf Wiedersehn

You may have noticed I haven't been around much lately. I'm popping my head in to let you know that will continue to be the case: Swampland is a mature news blog now and quite clearly doesn't need the care and feeding of a designated proprietor. I've enjoyed working with all of my fellow bloggers, and [...]

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