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US unemployment rate reaches 9.4 percent

Friday, June 5, 2009 Data from the United States Labor Department says that the unemployment rate in the U.S. has reached its highest level in over 25 years, namely 9.4%. The job loss rate, however, was only 345,000, which is the lowest monthly job loss rate since September of last year. Analysts had predicted that…

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Australian government announces $52.5 million financial assistance package for Ford

Friday, May 5, 2006 Australian Prime Minister John Howard and federal industry minister Ian MacDonald today announced that the federal government would be providing Ford Australia with a AU$52.5 million (US$40.4 million) “financial assistance package”. Additional assistance will also be provided by the Victorian state government. According to Mr Howard, the injection will secure Ford’s…

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Australian treasurer declares that he is “a lot of fun”

Thursday, October 4, 2007 Australian Treasurer Peter Costello said today that he was “a lot of fun” while he was outlining his plans for Australia as a possible future Prime Minister. During an interview with ABC Radio, Mr Costello was asked to say something about himself that the public didn’t know. Mr Costello’s replied “That…