Saturday, August 05, 2006


Welcome to the Bush economic paradigm --

Berkshire Hathaway 2Q profit up 62 pct.: Yahoo! News
"Berkshire Hathaway Inc., billionaire Warren Buffett's investment vehicle, reported Friday that second-quarter earnings jumped 62 percent on strength in its investments and insurance and utility businesses."

Unemployment rate climbs to 4.8 percent - Yahoo! News

"Gripped by caution, employers slowed hiring in July, pushing the nation's unemployment rate to a five-month high and putting pressure on the Federal Reserve to take its foot off the economic brakes.

The Labor Department reported Friday that employers added just 113,000 new jobs in July, down from 124,000 in June — the latest in a string of mediocre job gains in recent months."

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