U.S. unemployment rate tops 10% for first time since 1983

The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher.

[progressive]

There was not strong enough language in the TARP legislation last Sepbember (2008), to force the bailed-out financial institutions to not pay big bonuses to their executives, not speculate wildly again, not buy more assets, or frivolous things like naming rights for football stadiums, but to use it for two purposes: to restore a better capital reserve, so as not to have a wildly extreme leverage risk, and to make loans that would result in more American jobs.

[I See]

I read the other day Electrolux next year is leaving Iowa for Mexico's cheap labor. What's another 850 jobs? Unbelievable.