World-News

Peter S. Goodman, of The New York Times, reports: "The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million - the largest figure since the government began tracking such data more than half a century ago. The loss of pay has become a primary source of pain for millions of American families, reinforcing the downturn gripping the economy. Paychecks are shrinking just as home prices plunge and gas prices soar, furthering the austerity across the nation."

http://www.truthout.org/article/a-hidden-toll-employment-cut-part-time



Mounting Job Losses Point to More Economic Troubles

Kevin G. Hall, reporting for McClatchy Newspapers, writes: "Employers shed jobs in July for the seventh consecutive month and the national unemployment rate rose to 5.7 percent, the Labor Department reported Friday."

http://www.truthout.org/article/mounting-job-losses-point-more-economic-troubles



Automakers Race Time as Their Cash Runs Low

Bill Vlasic, reporting for The New York Times, writes: "The downturn in the American auto industry is rapidly becoming a full-blown fight for survival among Detroit's big automakers. In the latest sign of the deepening troubles."

http://www.truthout.org/article/automakers-race-time-their-cash-runs-low



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