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Eurozone Hits Record 12.2% Unemployment

unemployment

In April a further 95,000 people across the eurozone lost their jobs, says Eurostat. This marked another all-time high unemployment rate, with the total of 19.38mn people now out of work.

April’s seasonally adjusted unemployment rate stood at 12.2%, up from 12.1%in the previous month, according to the European Commission’s statistics office.

Southern states

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Cops Arrest Phone Photographer, Claiming his Phone Could be a Weapon

A San Diego cop beat up a man whom he was ticketing for illegal smoking, after the man refused to stop video-recording the experience. The cop told the man that he feared the phone might actually be a gun disguised as a phone, before smashing the phone and tackling the man and smashing his face

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Japan Hit Record for Aircraft Scrambled Against China

Japan scrambled fighter jets 306 times in response to Chinese aircraft in fiscal 2012 through March, a record high, the Defense Ministry’s Joint Staff said Wednesday.

Scrambles by Air Self-Defense Force jets against Chinese aircraft rose due to heightened tensions over the Japanese-administered Senkaku Islands in the East China Sea following Japan’s purchase last

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Opium Production Rises to Record High in Afghanistan

afghanistan-poppy-fields

Opium poppy cultivation in Afghanistan has been increasing for a third year in a row and is heading for a record high, the UN said in a report released Monday.

The boom in poppy cultivation is at its most pronounced in the Taliban’s heartland in the south, the report showed, especially in regions where

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Record Honeybee Death Expected to Raise Food Costs

Honeybee

Fifty percent of the domestic honeybee population is dead, the greatest single-year loss of honeybees in the United States ever recorded. The dramatic loss of the bees is expected to affect consumers.

Colony Collapse Disorder has killed half of the honeybees in the United States this year alone.

LOS ANGELES, CA (Catholic Online)

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19 Million: Record Unemployment Hits Eurozone

Eurozone unemployment levels have hit 12 percent – the highest in the history of eurozone record-keeping, since the currency was launched in 1999.

The average unemployment rate across the eurozone’s 17 constituent European Union countries rose from January’s initial 11.9 percent high to 12 percent in February, meaning a further 33,000 people were put

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Record Number of Defaults on Student Loans

empty pockets

Like the thousands of students at Southern Oregon University, Kylee Ruvalcaba has taken out loans to help pay for her college education.

And while she’s currently in her third year, she’s already thinking about how she’s going to pay all of it back.

“It’s a big deal not paying money back, so me and

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Deficit Predicted to Drop Below 1 Trillion for First Time During Obama Administration

stumbling-world-economy

Under current laws, the federal budget deficit will drop below $1 trillion for the first time under President Barack Obama, according to a report released by the Congressional Budget Office on Tuesday.

The CBO predicted that the budget deficit will shrink to $845 billion in fiscal 2013, reflecting 5.3 percent of GDP. The deficit would

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Baumgartner Preparing to Jump from 23 Miles High

felix baumgartner

Update Below— Felix Baumgartner has now completed his jump (video below)

While Felix Baumgartner and his team in Roswell, N.M., have had a couple of disappointments and weather-related cancellations this week, the Austrian daredevil will attempt the supersonic leap from the edge of space again today.

When the 43-year-old skydiver and Base jumper takes

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Iran’s Currency Sinks to Record Low

rial currency

Iran’s rial sank about five percent in trading against the U.S. dollar on Monday, after the central bank said it would change the currency’s official exchange rate, prompting fears of another devaluation as the economy suffers from international sanctions.

Reuters reported that the rial was trading in the free market at around

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U.S. Workers on Disability Hits Record

The number of workers taking federal disability insurance payments hit yet another record in July, increasing to 8,753,935 during the month from the previous record of 8,733,461 set in June, according to newly released data from the Social Security Administration.

The 8,753,935 workers who took federal disability insurance payments in July exceeded the

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23 Mile Record Breaking Skydive Planned

Felix Baumgartner is slated to attempt a record-breaking sky dive near Roswell, NM, USA, from 23 miles above the earth as part of the Red Bull Stratos, a mission to the edge of space.

Felix Baumgartner could be, if the attempt succeeds, the first person to break the speed of sound with his own body,

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