Investors may not have needed more proof of the fragile state of the economy — but it came today in the form of a Labor Department report that said new claims for jobless benefits hit a 16-year high last week. Many were former Republican representatives who’d fogotten their conservative base.
If there’s still hope for a bailout for the auto industry, the Senate’s majority leader says it’s “not goingto be easy,” — sort of like driving an American car.
A bipartisan group of senators is hoping to get some relief for automakers. Barney Frank has offered to get some of his friends to stop by and host a party for them. “Maybe we can do for them what they’ve been doing to the consumers for years,” he volunteered.
Democratic officials say it’s not final yet, but Arizona Gov. Janet Napolitano is a strong contender forHomeland Security secretary. Her work on protecting her own state’s border catapulted her to be the top nominee.
Republicans are accusing Barack Obama of “filling his administration with longtime Washington insiders.” Officials of the president-elect explained it’s just “a new kind of change.”
The U.S. military says an Iraqi al-Qaida in Iraq leader blamed in the 2004 abduction and murder of an Army reservist has been killed. Incoming members of the Obama administration have pledged to find those responsible and prosecute them to the fullest extent of the law.
Pakistan is demanding the U.S. explain itself after a suspected American missile strike deep in Pakistani territory. The immediate response is that following the recent election, NOBODY can explain what the United States does.
1620 – Plymouth Colony settlers sign the Mayflower Compact
1789 – North Carolina ratifies the United States Constitution and is admitted as the 12th U.S. state.
1942 – The completion of the Alaska Highway (also known as the Alcan Highway) is celebrated (however, the highway was not usable by general vehicles until 1943).
1729 – Josiah Bartlett, Second Signer of the Declaration of Independence
TODAY’S HOMEWORK ASSIGNMENT