Though some in East Millinocket, Maine, are thrilled the town's paper mill is open again, many are unhappy with what the jobs are paying. But for every resident riled up about the lower wages, there seems to be another who is infuriated at those who dare complain.
After keeping a nervous world waiting for days, the squabbling politicians of debt-ridden Greece finally announced a new interim government Thursday. It will be headed by a former European Central banker, Lucas Papademos, whose main task will be to ensure that Greece meets the conditions set by its European partners to receive new loan money and avoid default. That means showing that Greece will enforce austerity measures.
New reports Thursday showed the U.S. economy may be poised for a rebound. The U.S. trade deficit narrowed more than expected in September as exports rose to record levels, and jobless claims fell to a seven-month low.
Guy Raz speaks with Portland, Ore., Mayor Sam Adams who today ordered the Occupy protesters in his city out of their encampments by 12:01 a.m. Sunday. The move comes after he wrote an open letter to the protesters, saying their living conditions were unsustainable.
The history of the more than $4 billion in debt spans a decade and mostly involves a failed sewer construction deal fraught with corruption. Experts worry that the municipal bond market in the United States will suffer the consequences.
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