Fri November 4, 2011
The Two-Way

Unemployment Rate Dips To 9 Percent; 80,000 Jobs Added

The nation's unemployment rate ticked down to 9 percent in October from 9.1 percent in September, the Bureau of Labor Statistics just reported.

Meanwhile, there was a net gain of 80,000 jobs on public and private payrolls. Private-sector employment went up by 104,000 jobs. Government agencies reduced their payrolls by 20,000.

We'll have more from the report shortly.

Update at 8:40 a.m. ET. More Details:

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Fri November 4, 2011
The Two-Way

Corzine Resigns From MF Global

Originally published on Fri November 4, 2011 3:42 pm

Jon Corzine.
Rich Schultz AP
(A new top and some other material were added to this post at 11:50 a.m. ET.)

Jon Corzine is now the unofficial "poster child of the times" and the "fall guy" that all those who blame Wall Street for much of the nation's economic troubles can point to, Reuters columnists Antony Currie and Jeffrey Goldfarb write.

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Fri November 4, 2011
The Two-Way

Pakistan: 'The Ally From Hell' That Hides Its Nukes From The U.S.

On the Afghan side of the border with Pakistan, a U.S. soldier stood guard last month as a boy walked by in Nangarhar province.
Tauseef Mustafa AFP/Getty Images

The headlines this morning on the websites of The Atlantic and National Journal certainly grab your attention:

-- "The Ally From Hell." (The Atlantic)

-- "The Pentagon's Secret Plans To Secure Pakistan's Nuclear Arsenal." (National Journal)

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Fri November 4, 2011
Politics and Government

PEF ratifies contract, avoids 3500 layoffs

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State worker union members have ratified a contract that will prevent nearly 3500 lay offs , though members make several concessions, including a three year pay freeze. Cuomo says he’s “very happy”, and has rescinded the lay off notices that were to go out Friday.

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Fri November 4, 2011
The Two-Way

Jobs Report May Offer Glimmer Of Good News

Originally published on Fri November 4, 2011 7:01 am

The most-anticipated economic news of the week — word about the October unemployment rate and, hopefully, how many jobs were added to payrolls last month — is due at 8:30 a.m. ET.

A month ago, the Bureau of Labor Statistics said the jobless rate in September was 9.1 percent and that 103,000 jobs were added to private and government payrolls.

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Fri November 4, 2011
Strange News

England's Oldest Family-Run Business Still Selling

Originally published on Fri November 4, 2011 10:20 am



Good morning. I'm Renee Montagne with congratulations to R.J. Balson and Son. The butcher shop on the south coast of England has been named Britain's oldest family-run business, and is it ever. Balson's began selling sausages and bacon in 1535 when Henry VIII was king and still married to Ann Boleyn. Twenty-five generations later, owner Richard Balson tells the Daily Mail his son will join the business next year, and that son has a son, too. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.


Fri November 4, 2011
Strange News

Employee Cleans Up German Artwork

A cleaning woman working at the Ostwall Museum in Berlin noticed a wet stain on the floor by a modern-art sculpture. She scrubbed away the stain, not realizing it was part of the piece called, "When It Starts Dripping From the Ceiling." Back in 1986, another cleaner in Germany wiped away a grease stain valued at 400,000 euros.


Fri November 4, 2011
Generational Politics: Silents to Millennials

Millennials Uncertain Of Loyalty Toward Obama

Originally published on Fri November 4, 2011 10:25 am

Millennials cheer for Democratic presidential candidate Barack Obama at a rally in Roanoke, Va., in 2008. Young voters are poised to play a key role in choosing the next president.
Jae C. Hong AP

It felt like 2008 all over again in Philadelphia this week. A DJ played a song by the Black Eyed Peas to warm up a crowd of about 500 students from local colleges. President Obama's campaign manager, Jim Messina, exhorted the crowd at the University of Pennsylvania to volunteer, to apply for internships and, of course, to vote.

"There's 8 million registered voters who are 18 to 21 who weren't old enough to vote last time, who are going to cast their first vote, and they're going to do it for Barack Obama," Messina said. "Raise your hand if you're 18 to 21!"

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Fri November 4, 2011

Housing, Banks Weigh On Spain's Fragile Economy

Originally published on Fri November 4, 2011 12:22 pm

A broker uses a phone in front of the main screen at the Stock Exchange in Madrid, Spain. The country's central bank recently warned of "troubled exposure" to real estate, heightening fears about the stability of Spain's banks.
Daniel Ochoa de Olza AP

With Greece in flux over whether it'll remain in the eurozone, other weak economies like Spain are feeling the heat.

The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both the banks and the housing market in jeopardy. Real estate prices in Madrid are still high, though salaries are frozen and unemployment soars. When Ireland's housing bubble burst, prices dropped more than 40 percent. But in Spain it's an 18 percent drop on average.

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Fri November 4, 2011

Expectations For October's Jobs Numbers

Friday morning, the Labor Department releases its unemployment report for October. The unemployment rate has been stuck above 9 percent for most of the past three years, and it's not expected to dip below that this month. Host Renee Montagne speaks with NPR's Jim Zarroli about the numbers and the outlook for the U.S. economy.