Daily Digest: February 11, 2015
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Today’s Featured Story…
Nobody's crying wolf about Illinois' fiscal crisis
The Chicago Sun-Times says: Dearest fellow taxpayers – Reports of Illinois' fiscal demise might not have been greatly exaggerated.
U.S. job openings hit highest level since 2001
From Market Watch: Job openings in the U.S. rose in December to the highest amount since 2001 and the pace of hiring returned to prerecession levels, but companies are still taking their time before adding new workers.
Apple in big solar power deal, market cap closes over $700 billion
From Reuters: Apple Inc (AAPL.O) will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time.
The United States Economy Is Turning Into A Jobs Machine – Will It Continue?
From Forbes: The first Friday of each month is “Jobs Friday.” It’s when the Bureau of Labor Statistics (BLS) releases the labor report for the previous month. During the month of January, the economy created 257,000 jobs, outstripping estimates. It is surprising, but the U.S. economy is turning into a jobs machine. Consider the following facts from the Bureau of Labor Statistics:
Rick Perry’s claim that one-third of all new American jobs were created in Texas
From the Washington Post: They arrived at this figure by using Bureau of Labor Statistics data of the number of jobs created in Texas between 2000 and 2014, and dividing it by the number of new jobs created nationally during the same period. This data set uses payroll information from surveyed businesses, and Perry’s calculation does not include public sector jobs. By his calculation, Perry is correct: Texas accounted for 31 percent of all net new jobs in America when Perry was governor.
Rauner's Illinois Revival Project
The Wall Street Journal says: Bruce Rauner has the biggest reclamation project in American politics, and this year it's the state drama to watch. The first Illinois GOP Governor in 12 years is off to a strong start by targeting the source of the state's fiscal and economic rot: the corrupt political bargain between state lawmakers and public unions.
Obama to Seek War Power Bill From Congress, to Fight ISIS
From the New York Times: The Obama administration has informed lawmakers that the president will seek a formal authorization to fight the Islamic State that would prohibit the use of “enduring offensive ground forces” and limit engagement to three years. The approach offers what the White House hopes is a middle way on Capitol Hill for those on the right and left who remain deeply skeptical of its plans to thwart extremist groups.
Outside the Box…
Obama to create new agency to examine cyberthreats
From the Chicago Tribune: The White House is setting up a new agency designed to coordinate cyberthreat intelligence that currently is spread across the federal government.