From the FYG
8 hours ago
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Nationally, the unemployment rate was 10.2 percent in October. Of the 15.7 million Americans who are currently jobless, nearly 36 percent, or 5.6 million, have been unemployed for six months or more.
With an unemployment rate of 8.8 percent, Connecticut now has the dubious distinction of being classified by the federal government among the "high unemployment states."
That makes the state's jobless workers eligible to receive up to 93 weeks of unemployment benefits, under an extension approved by Congress earlier this month.
If the jobless rate averages 8.5 percent over three months, the extension provides an additional six weeks of benefits for a total of 99 weeks -- the current three-month average is about 8.4 percent, said Salvatore DiPillo, the state's labor statistics supervisor.

For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed's unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed's financial transactions....
No matter how direct the questions are, Fed chairmen answer with a vagueness common to bureaucrats. The whole process is window dressing for public consumption, not any sort of attempt to exercise oversight or gain any real insight into the Fed's actions.
What is needed is a full audit of the Fed, something that has never happened. We need to know who the Fed is giving money to, what types of securities are being purchased and what backs those securities, how much money is being paid for those securities, etc. ...( read more here. WSJ)


The International Monetary Fund announced Monday it has sold two tons of gold to the central bank of the Indian Ocean island of Mauritius for nearly $72 million.
The sale came as gold prices surged Monday to an all-time high of $1,136.72 per ounce.
Hartford (AP) - Two units of the Connecticut Army National Guard are sending 700 soldiers to the Middle East in the largest single deployment of Connecticut guard members since the Korean War.
A send-off ceremony is being held at the Connecticut Convention Center in Hartford on Sunday afternoon. Gov. M. Jodi Rell is scheduled to attend.
Rell's office says the 102nd Infantry will help train Afghanistan's Army, police and border police forces. Its units are located in Norwalk, Manchester, New Britain, Branford and Southington.
The departing troops also include members of the 250th Engineer Company of New London. Their job will be to ensure safe routes for troops on the move in Iraq.


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Declaration of Independence July 4, 1776
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Just Say NO! To The North American Union
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