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U.S. Hiring Struggles To Rebound From Winter Chill

(Reuters) - U.S. job creation slowed sharply over the past two months, turning in the weakest performance in three years and raising the prospect that the economy may be losing momentum.

At the same time, however, the unemployment rate hit a new five-year low of 6.6 percent in January even as Americans piled back into the labor market to search for work.

The Jekyll and Hyde report from the Labor Department on Friday whipsawed U.S. markets in early trade. Many economists cautioned against reading too much into it given the extreme weather that has hit much of the nation this winter.

"It supports the view that momentum is slowing in the first quarter, but it's too early to draw conclusions and we should not be too pessimistic either," said Thomas Costerg, a U.S. economist at Standard Chartered Bank in New York.

Nonfarm payrolls rose only 113,000 last month after a meager 75,000 gain in December, the report showed. Economists had expected payrolls to rise 185,000 in January and had looked for a big upward revision to December that failed to materialize.



Iran Rift Risked as IAEA Seeks Details on Rare Atomic Experiment

By Jonathan Tirone Feb 6, 2014 6:00 PM ET

United Nations nuclear investigators want Iran to produce more information about experiments it conducted in the early 1990s with polonium, a rare metal that has been used to trigger nuclear weapons.

International Atomic Energy Agency inspectors are traveling to Tehran for a meeting with Iranian officials tomorrow, when they’ll try to craft a plan to clear up alleged nuclear-weapons work. While the IAEA had previously said past Iranian experiments with polonium appeared peaceful, Director General Yukiya Amano told the Munich Security Conference on Feb. 2 that investigators want more details.

Iran’s polonium work is “something that would benefit from further clarification,” IAEA spokeswoman Gill Tudor said in an e-mailed reply to questions. She added that Amano had been responding to a question from a member of the audience.

With Iran and world powers set to resume talks over a long-term nuclear accord on Feb. 18 in Vienna, some former IAEA inspectors say a renewed emphasis on polonium risks undermining the negotiations. The metal, which triggered the 1945 atomic bomb dropped on Nagasaki and which was used in 2006 to poison a former Russian spy in London, can also be used to make nuclear batteries and to clear dust from high-performance instruments.

“The Feb. 8 meetings between IAEA and Iran are a time for candor, trust and transparency,” Robert Kelley, a U.S. nuclear-weapons engineer who led IAEA investigations of Iraq, said in an e-mailed response to questions. “If Amano is reopening a completely dead and settled issue, how can Iran trust him?”



Sanctions Against Israel - A Campaign That Is Gathering Weight

Israel’s politicians sound rattled by the campaign to isolate their country

Feb 8th 2014 | JERUSALEM

ONCE derided as the scheming of crackpots, the campaign for boycotts, divestment and sanctions against Israel, widely known as BDS, is turning mainstream. That, at any rate, is the fear of a growing number of Israelis. Some European pension funds have withdrawn investments; some large corporations have cancelled contracts; and the American secretary of state, John Kerry, rarely misses a chance to warn Israel that efforts to “delegitimise” and boycott it will increase if its government spurns his efforts to conclude a two-state settlement of its conflict with the Palestinians. Israel, says Yair Lapid, Israel’s foreign minister, is approaching the same “tipping point” where South Africa found itself in opposition to the rest of the world in the dying days of apartheid. “Let’s not kid ourselves,” he told a conference of security boffins recently in Tel Aviv. “The world listens to us less and less.”

BDS has begun to grab the attention of some of the world’s largest financial institutions. PGGM, a big Dutch pension fund, has liquidated its holdings in five Israeli banks (though the Netherlands’ largest has affirmed its investments). Norway’s finance ministry has announced that it is excluding Africa Israel Investments and its subsidiary, Danya Cebus, a big building firm, from a government pension fund.

The campaign is drawing support from beyond northern Europe. Romania has forbidden its citizens from working for companies in the West Bank. More churches are backing BDS. An American academic association is boycotting Israeli lecturers. The debate turned viral after Scarlett Johansson, a Hollywood actor, quit her role as ambassador for Oxfam, a charity based in Britain, in order to keep her advertising contract with SodaStream, an Israeli drinks firm with a plant on the West Bank.

Mr Lapid, who favours a two-state solution, reels out figures to show how sanctions could hit every Israeli pocket. “If negotiations with the Palestinians stall or blow up and we enter the reality of a European boycott, even a very partial one,” he warned, 10,000 Israelis would “immediately” lose their jobs. Trade with the European Union, a third of Israel’s total, would slump—he calculates—by $5.7 billion.



Intercepted F-Bomb Phone Call Shows U.S. Role in Ukraine

By Terry Atlas and Nicole Gaouette Feb 7, 2014 11:02 AM ET

Some undiplomatic language by the top U.S. diplomat for Europe has rattled relations with the European Union and added more tension to the East-West strains over Ukraine’s political crisis.

“F--k the EU,” Assistant Secretary of State Victoria Nuland said in a private phone call, expressing frustration with European Union efforts to resolve Ukraine’s political turmoil.

On the eve of Russia’s showcase Olympics in Sochi, the U.S. suggested yesterday that Moscow’s intelligence apparatus was involved in some way with the leaked recording of the intercepted phone call between Nuland and U.S. ambassador to Ukraine Geoffrey Pyatt. The call was made last month, based on references in the discussion.

Nuland today called the audio recording “impressive tradecraft” -- a word used to describe espionage activity. The clip, posted on Google Inc.’s (GOOG) YouTube by an unidentified individual, was subtitled in Russian rather than Ukrainian and accompanied by photographs and images of people mentioned in the call. Nuland spoke at a briefing in Kiev after arriving yesterday for talks in the Ukrainian capital. She declined to discuss the conversation further.

While saying the U.S. doesn’t know who recorded the call or posted it, State Department spokeswoman Jen Psaki said an aide to Russian Deputy Prime Minister Dmitry Rogozin was the first to draw attention to it in a posting on Twitter Inc. (TWTR) The aide, Dmitry Loskutov, tweeted in English: “Sort of controversial judgment from Assistant Secretary of State Victoria Nuland speaking about the EU.”



Sochi Games Open With Snowflake Malfunction Amid Pageantry

By Rob Gloster Feb 7, 2014 2:16 PM ET

Months of concern over security and unfinished facilities gave way to Russian pageantry and a malfunctioning snowflake as the record-setting $45 billion Sochi Winter Olympics started with the opening ceremony.

Though the Sochi 2014 Organizing Committee promised “the most technologically innovative ceremony ever,” there was an early glitch when a giant electronic snowflake failed to open and left the Olympic rings one short of their usual set of five.

Russian President Vladimir Putin had a grim look on his face as the snowflake failed to unfurl and hovered next to four open circles.

Putin is using the games, the most expensive in history, to transform a Soviet-era summer resort on the Black Sea into a year-round destination and highlight the country’s progress. The malfunctioning prop added to organizers’ headaches as visitors complain about incomplete hotels, half-built sidewalks and the treatment of stray dogs.

While journalists have been using social media to show the world photos of broken doors, brown water coming from faucets and unfinished bathrooms, athletes have been little affected, officials and participants said.



U.S. Senate Panel Approves Controversial Civil-Rights Nominee

President Obama's pick to lead the Justice Department's Civil Rights Division easily cleared his first hurdle toward confirmation Thursday, despite mounting criticism of his work appealing the death sentence of Philadelphia cop-killer Mumia Abu-Jamal.

In a 10-8 vote along party lines, the Senate Judiciary Committee backed the nomination of 46-year-old civil rights attorney Debo Adegbile.

The decision set the stage for a full Senate showdown later this year that is all but sure to rip scabs off three decades of hard feelings surrounding the 1981 murder of Philadelphia Police Officer Daniel Faulkner.

"I am physically, emotionally, and mentally distressed that I was not able to be in that room. This is personal to me," said Faulkner's widow, Maureen, in an interview with Fox News. She was denied an opportunity to testify before the committee.

Within hours of the decision, U.S. Sen. Pat Toomey, a Republican who has emerged as one of Adegbile's chief critics, began lobbying his colleagues to oppose the nomination.

Read more at http://www.philly.com/philly/news/politics/20140207_U_S__Senate_panel_approves_civil-rights_nominee_who_helped_with_cop-killer_Mumia_Abu-Jamal_s_appeal.html#A4XJ2RIKJbWZo4ae.99

‘Kerry Has Declared A War On God,’ Write Hard-Line Rabbis In Letter

Rabbis warn Kerry to stop negotiations "in order to avoid severe Heavenly punishment for everyone involved."


A group of hard-line nationalist rabbis wrote in an open to letter to US Secretary of State John Kerry that through his current mediation efforts between Israel and Palestinian negotiators he had declared war against God.

The rabbis warned that the secretary must cease such activities, to avoid divine punishment.

The letter was sent by the Committee to Save the Land and People of Israel – an activist group opposed to any political accords with the Palestinians involving territorial concessions – founded by Rabbi Shalom Dov Wolpo, who also founded the far-right Our Land of Israel party.

“Your incessant efforts to expropriate integral parts of our Holy Land and hand them over to Abbas’s terrorist gang, amount to a declaration of war against the Creator and Ruler of the universe! For G-d awarded the entire Land of Israel to our ancestors, Abraham, Isaac and Jacob, in order that they bequeath it, as an everlasting inheritance, to their descendants, the Jewish people, until the end of all time,” the letter reads.

The rabbis argue that Kerry’s plan endangers Israeli Jews by bringing them within close range of potential rocket and missile fire from the West Bank should it be ceded by Israel to the Palestinians.



Has SoS Kerry ruled out running for President again in 2016?

Ukraine Crisis: Leaked Phone Call Embarrasses US

The BBC's Mark Mardell: "Some will delight that American frankness has been caught on tape"

An apparently hacked phone conversation during which a senior US diplomat disparages the EU over the Ukraine crisis has been posted online.

A voice resembling that of Assistant Secretary of State Victoria Nuland reportedly refers to the EU using a graphic swear word.

The US said Ms Nuland had "apologised for these reported comments".

The audio also reveals a frank exchange about America's strategy on how to work with Ukraine's main opposition leaders.

The tape appeared on YouTube after Russia had accused Washington of meddling in Ukraine.



U.S. Policy Change On Cuba Stalled - By Obama

(Reuters) - U.S. relations with Cuba are at their best in almost two decades, but President Barack Obama seems unwilling or unable to confront a well-organized anti-Cuba lobby and push for further progress.

Obama suggested change was coming at a Miami fundraiser in November, saying "we have to be creative, and we have to be thoughtful, and we have to continue to update our policies" on Cuba, and yet he has withheld using his executive power since last easing Cuban travel restrictions in January 2011.

Many Cuba experts and policy analysts say a fundamental revision of Cuba policy is overdue and that greater U.S. involvement could promote the market-oriented reforms under way on the communist-ruled island since Cuban President Raul Castro took over for his ailing brother Fidel in 2008.

The Obama administration says Cuba must first improve human rights and release imprisoned U.S. contractor Alan Gross, who was sentenced to 15 years for attempting to establish an illegal communications network on the island.



Job Cuts Surge In January, Up 47 Percent From Previous Month

Source: UPI

CHICAGO, Feb. 6 (UPI) -- Job cuts announced by U.S. employers jumped 47 percent in January from December's 13-year low, a private outplacement firm said Thursday.

Layoff announcements jumped from 30,623 in December to 45,107 in January with the retail sector leading the pack in the month after the holiday season, Challenger, Gray & Christmas reported.

Poor earnings during the holiday season prompted the heavy retail job cuts, the outplacement firm said.

Layoffs were announced in January at Macy's, Sam's Club, JCPenney, Sears, Best Buy and Target, as retailers in total cut 11,394 positions, a 71 percent increase over cuts announced in January 2013.

Read more: http://www.upi.com/Business_News/2014/02/06/Job-cuts-surge-in-January-up-47-percent-from-previous-month/UPI-81021391702513/
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