US economic reports tell of a recovery – a slow, gentle one

By Incorrect Author 18 December 2009

A US report on unemployment claims and a new forecast on economic activity point to an economy that is slowly recovering, but without the kind of jobs growth that would lead to a strong recovery. Over the past week, the number of newly-unemployed workers claiming unemployment benefits rose, but the monthly average has fallen. In the meantime, a forecast last month of economic activity by the Conference Board, a leading business federation, rose for the eighth straight month. This recovery, however, is taking on some attributes of the so-called “jobless recovery” as those already unemployed are having trouble finding new jobs. The Conference Board said its index of leading economic indicators rose 0.9% last month, up from 0.3% in October. For more, read the AP



The Trojan Horse that wheeled R600m out of state-owned entities

By Susan Comrie for amaBhungane

Some firing squads are all issued with blank cartridges with the exception of one person. This helps alleviate personal responsibility for the execution squad.