Daily Digest: February 09, 2015
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Today’s Featured Story…
Report: Illinois worst state for job recovery after Great Recession
From the Sun-Times: Just ahead of Friday’s employment report from the Bureau of Labor Statistics, local think tank Illinois Policy earlier this week released a report showing that despite the two best months of job growth in 9 years, the state lags far behind in recovering from the Great Recession.
Currency-hedged ETFs in vogue as investors clamor for more
From Reuters: U.S. investors spooked by wild swings in the foreign exchange market are piling into exchange-traded funds that strip out the local currency on their international equity portfolios, making them one of the most sought-after financial products in 2015.
5 Steps to prepare for a 2015 retirement
From USA Today: If you've spent the past several decades working and are looking forward to retiring in 2015, the last thing you probably want to hear is that there's more work ahead. But a successful transition to a secure retirement is well worth the extra work and preparation.
An Upbeat Jobs Report Narrows a Political Debate
From the New York Times: Do Democrats crow over good news or bash Republican congressional inaction as responsible for the challenges facing middle-class Americans? Do Republicans stick to their reliable script of blaming President Obama for a weak recovery, or do they turn to indicting him for wage stagnation? Or do they try to claim credit for themselves for any upturn since winning control of both houses of Congress?
Hiring still going strong: 257,000 jobs added in January
From CNN Money: The official unemployment rate ticked up to 5.7%, a notch higher than December. Economists surveyed by CNNMoney predicted 229,000 jobs would be created in January and an unemployment rate of 5.5%. Don't worry too much about the higher unemployment rate. It's actually a positive, experts say.
Dems, GOP make middle-class pitch
From CNN: Two years ago, Republicans were accusing President Barack Obama of waging class warfare. Now, they're all talking about income inequality. Neurosurgeon and conservative favorite Ben Carson was the latest to touch on the issue, raising it during an appearance on "Fox News Sunday" — and offering a critique of 2012 nominee Mitt Romney's now-infamous comments that 47% of the population is dependent on government and would therefore never support Republicans.
Kerry rules out extension of Iran nuclear talks
From the Washington Post: Secretary of State John F. Kerry said in an interview broadcast Sunday that it would be “impossible” to extend nuclear negotiations with Iran if an agreement on fundamental principles is not reached in the coming weeks.
Outside the Box…
Samsung's warning: Our Smart TVs record your living room chatter
From CNET: Technically Incorrect: Samsung's small print says that its Smart TV's voice recognition system will not only capture your private conversations, but also pass them onto third parties.