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President Obama points to December's drop in the unemployment rate as further validation1 of his economic policies.
“The economy is moving in the right direction. We’re creating jobs on a consistent basis. We’re not going to let up, not until everybody who wants to find a good job can find one.”
The president reacting to the Labor2 Department's report today that shows the unemployment rate dipped to 8.5% after the economy added 200,000 jobs. Encouraging news this election year for President Obama who faces the highest unemployment rate of any sitting president since World War II. NPR's John Ydstie offers a detail look now at the country's complicated employment picture.
The unemployment rate fell to 8.5% in December from an upwardly revised 8.7% in November. That decline was also unexpected. Most economists3 thought the rate would rise in December after a big drop the previous month. The revised numbers show the unemployment rate dropping steadily4 from 9.1% back in August. But part of that decline is due to a drop in the number of people looking for work. Some may be discouraged by the difficult job market, but demographic factors like retirement5 may also be coming into play. Despite the positive report, more than 13 million people remain unemployed6. John Ydstie, NPR News, Washington.
Now Republican presidential candidates including former Pennsylvania Senator Rick Santorum are praising the decline in the unemployment rate. But Santorum maintains it has little to do with President Obama's jobs policy. He was campaigning today in New Hampshire.
“You do what you did in 1980 when Iowa chose Bush and New Hampshire chose Rick.”
New Hampshire holds the first in the nation primary next Tuesday.
In an unprecedented7 move, the Justice Department is expanding its definition of rape8 to include sexual assaults of males. For the last 80 years, the crime was defined as carnal knowledge of a female forcibly and against her will. White House advisor9 Valerie Jarrett says the revision for nationwide data collection ensures rape will be more accurately10 reported nationwide.
“This major policy change will lead to more accurate reporting and far more comprehensive understanding of this devastating11 crime.”
Authorities say the change has been years in the making.
Europe's persistent12 debt crisis is again, the subject of high-level meetings today. France is hosting Italian Prime Minister Mario Monti, whose government has seen the interest rate on its ten-year bond top 7%. That level has prompted other nations to seek a bailout and option. Europe would like to avoid with Italy. France is coping with its own financial troubles and risks losing its coveted13 AAA credit rating.
At last check on Wall Street, the Dow was down 29 points at 12,388; NASDAQ up nine points at 2,679.
This is NPR News.
France says it may go ahead with a financial transaction tax even if Germany doesn’t join in. Eleanor Beardsley reports that French President Nicolas Sarkozy wants to set an example on the issue.
In his New Year’s address, Sarkozy said that finance institutions should be called upon to help repair the damage they caused in the financial crisis. Sarkozy called it a moral issue. France says it’s looking to institute a Europe-wide financial transaction tax by the end of 2012. The idea is unpopular with Britain, but Sarkozy and German Chancellor14 Angela Merkel will discuss it when they meet in Berlin on Monday. The Germany finance minister has said that Germany would push for a financial transaction tax at the European Union level or at least within the eurozone. Eleanor Beardsley, NPR News, Paris.
For the first time in its 79 years, the BBC plans to broadcast commercial advertisements. Larry Miller15 reports from London that it's initially16 a yearlong pilot restricted to parts of the world service.
The move into commercial broadcasting comes after the British government says it wants the BBC World Service to begin paying for itself and generate nearly five million dollars by 2014 when a government subsidy17 ends. The BBC is funded primarily by license18 fees paid by domestic users. The proposed yearlong pilot would insert advertising19 into a world service English broadcast to Berlin. Ads would also be put on the service's Arabic, Russian and Spanish websites. The BBC's governing Trust approved the plans after accepting that a failure to act could lead to more cuts to services. The World Service has a radio, TV and online audience of more than 200 million. For NPR News, I'm Larry Miller in London.
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1 validation | |
n.确认 | |
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2 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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3 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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4 steadily | |
adv.稳定地;不变地;持续地 | |
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5 retirement | |
n.退休,退职 | |
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6 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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7 unprecedented | |
adj.无前例的,新奇的 | |
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8 rape | |
n.抢夺,掠夺,强奸;vt.掠夺,抢夺,强奸 | |
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9 advisor | |
n.顾问,指导老师,劝告者 | |
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10 accurately | |
adv.准确地,精确地 | |
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11 devastating | |
adj.毁灭性的,令人震惊的,强有力的 | |
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12 persistent | |
adj.坚持不懈的,执意的;持续的 | |
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13 coveted | |
adj.令人垂涎的;垂涎的,梦寐以求的v.贪求,觊觎(covet的过去分词);垂涎;贪图 | |
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14 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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15 miller | |
n.磨坊主 | |
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16 initially | |
adv.最初,开始 | |
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17 subsidy | |
n.补助金,津贴 | |
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18 license | |
n.执照,许可证,特许;v.许可,特许 | |
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19 advertising | |
n.广告业;广告活动 a.广告的;广告业务的 | |
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