In an effort to re-engineer a recovery and stop the massive sell-off of its stock, Bank of America reportedly plans to lay off 3,500 employees this quarter. Thousands more could lose their jobs in the coming months.
The recession has taken a serious toll on American workers, businesses and homeowners. But now the trickle down effect of the economic climate can be seen in the country’s most vulnerable members: children.
According to a new report from the Annie E. Casey Foundation, child poverty in the US increased 18 percent over the past decade. In 2009, nearly 15 million children — or 20 percent of the juvenile population — were living in poverty.
Police in Utah plan to launch another search for Susan Cox Powell, who disappeared in 2009. The latest effort is based on new and credible information about the disappearance of the 28-year-old mother of two.
In June, the Food and Drug Administration released nine new warning labels that depict in graphic detail the negative health effects of tobacco use. Now, four of the five largest US tobacco companies want a judge to stop the government from using them.
Faced with stagnant unemployment rates, a lowered credit rating and the threat of a double dip recession, President Barack Obama plans to give a major speech about job creation and debt reduction in September.
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