Office shooting suspect's life spiraled downward (AP)
Stimulus, not transactions tax needed: Geithner (Reuters)
Jobless: 10 percent is tougher than it used to be (AP)
Jobless rate surges to 10.2 percent (Reuters)
Ten percent jobless rate adds to pressure on Obama (AFP)
Banks in Ga., Mich., Minn., Mo., Calif. closed (AP) AP - Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. You've seen the TV ads. So what is Ally Bank? (AP)
Oil settles lower after US unemployment report (AP)
Consumer borrowing drops $14.8B in September (AP)
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All News Lines - Local and World Wide, Updated Hourly
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AFP - With unemployment fast becoming one of US President Barack Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses.
AP - Jason Rodriguez's marriage long ago went sour, his home taken in foreclosure, his job lost to incompetence, his finances sunk in bankruptcy. It was a "stress overload" for the man accused of a deadly shooting rampage at his former office, his lawyer said Saturday.
Reuters - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.
AP - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.
Reuters - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
AFP - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.
AP - Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry.
AP - Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.
AP - Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.
