Thursday, September 22, 2011
Uh, We Weren't Expecting This Kind of Change, Mr. President.
* More Americans than forecast filed first-time claims for unemployment insurance payments last week as the labor market struggled to improve... (Bloomberg, this morning.)
* Call it the recession's lost generation. In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others -- nearly 1 in 5... (AP story, this morning.)
* 1740s Tavern Becomes Victim of Recession (NBC Connecticut, this morning.)
* That was no ordinary bling on the wrist of First Lady Michelle Obama at the DNC fundraiser in New York Tuesday night. Those fancy diamond cuffs were the creation of 23-year-old Katie Decker, whose namesake jewelry line has been making a serious splash..
The First Lady wore Katie's Lotus cuff priced at $15,000 with 2.9 carats of diamonds, her Gothic cuff at $15,350 with 2.17 carats in diamonds and the Quatrefoil bracelet at $11,800 with 1.73 carats in diamonds. (Culture Map Houston, this morning.)