Obama Outlines Plan To Spur Hiring Of Veterans

The measure is the first sliver of President Obama's $447 billion jobs package to win bipartisan approval in the Senate. And it couldn't come soon enough: Nearly 1 in 8 veterans who left the service in the past decade is unemployed — a higher jobless rate than the national average.» E-Mail This     » Add to Del.icio.us

The measure is the first sliver of President Obama's $447 billion jobs package to win bipartisan approval in the Senate. And it couldn't come soon enough: Nearly 1 in 8 veterans who left the service in the past decade is unemployed — a higher jobless rate than the national average.» E-Mail This     » Add to Del.icio.us

Currently the Federal Reserve is using unemployment rate and inflation rate thresholds to guide monetary policy.  Specifically, the Fed says it expects to keep monetary policy easy as long as the unemployment rate is above 6.5 percent and the inflation rate is below 2.5 percent.

Hundreds of thousands of veterans from the wars in Iraq and Afghanistan are looking for work. President Obama signed legislation meant to change that on Monday. The new law will give businesses tax credits for hiring vets. And it gives veterans specialized training and benefits to find a job that matches their skills.

The U.S. economy gained more than 200,000 jobs last month, and the unemployment rate fell to 8.8 percent, the Labor Department said Friday. The news is a bit better than most economists had expected. But they say it will still take several years before unemployment falls back to a normal level.» E-Mail This     » Add to Del.icio.us

Four major manufacturers say they would offer financial support for training military veterans. The unnamed amount will go toward a program called Get Skills to Work Coalition, which has set its initial goal at training 15,000 vets.» E-Mail This     » Add to Del.icio.us

President Obama is trying again to revive the nation's housing market. Past efforts have come up short, and this one faces long odds in Congress. On Wednesday, he outlined a program designed to make it easier for homeowners to refinance into cheaper mortgages.» E-Mail This     » Add to Del.icio.us

China has rejected allegations of involvement in a cyber-spying campaign targeting the Google e-mail accounts of top U.S. officials, military personnel and journalists. In an Op Ed in a party-run newspaper, two strategists from the Chinese military, without mentioning Google's recent claims, wrote that China must make mastering cyber warfare a military priority as the Internet becomes the crucial battleground for opinion and intelligence.