The International Labor Organization issued a report Monday warning that austerity measures imposed in many countries are hurting the job market, as well as failing to effectively reduce deficits. The major European economies received the brunt of the report's criticism. The report predicts a 3 percent rise in the global unemployment rate for 2012.
Originally published on Mon April 30, 2012 5:26 am
Tuesday marks one year from the day President Obama announced to the nation that Osama bin Laden had been killed. To underline the significance of the anniversary, the administration sent its counter-terrorism expert out on the airwaves Sunday. It also launched a controversial campaign ad about the raid against the al-Qaida leader.
And let's turn now to Africa and a story we'll be following this week. Sudan has declared a state of emergency along its border with South Sudan, the new country there, further raising fears that these two nations are heading toward all-out war. Earlier this month, South Sudan invaded and briefly occupied Sudan's main oil field. This followed aerial bombardments of South Sudan's border regions by the Sudanese air force.