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The Two-Way
9:33 am
Fri June 1, 2012

Stocks Drop On Weak Jobs News

Originally published on Fri June 1, 2012 4:57 pm

Stock prices fell on Wall Street today as investors digested the much-weaker-than-expected report on job growth in May.

The damage? The Dow plunged 274 points or 2.2 percent. The Nasdaq fell 80 points or 2.82 percent.

CNN Money reports the Dow had the worst day of 2012, erasing "all its gains for the year."

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The Two-Way
8:51 am
Fri June 1, 2012

Just 69,000 Jobs Added In May; Unemployment Rate Edges Up To 8.2 Percent

Originally published on Fri June 1, 2012 1:31 pm

Horrid. Lousy. Awful.

Those are just three of the words economists are using to describe the news that just 69,000 net jobs were added to public and private payrolls last month — and that the nation's jobless rate edged up to 8.2 percent from April's 8.1 percent.

The news has raised fears that the hoped-for strengthening of the economy may not materialize.

We posted on the news and followed with details from the report and reaction to it. It's now 11:22 am. ET, here's our original post and earlier updates:

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The Two-Way
8:17 am
Fri June 1, 2012

Obama 'Sped Up Wave Of Cyberattacks Against Iran,' Says 'NYT'

This morning's talker:

"From his first months in office, President Obama secretly ordered increasingly sophisticated attacks on the computer systems that run Iran's main nuclear enrichment facilities, significantly expanding America's first sustained use of cyberweapons, according to participants in the program," The New York Times reports.

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The Two-Way
7:57 am
Fri June 1, 2012

'Hero' Of Seattle Shootings: 'I Just Threw The Frigging Stool' At Gunman

Left to right: Karen Eides, Tim Torres and David Gordon embrace as they kneel in front of a makeshift memorial outside the cafe in Seattle where a gunman killed four people.
Stephen Brashear Getty Images

Lawrence Adams doesn't want to be called a hero, but many in Seattle are saying that's just what he is.

As The Seattle Times reports this morning, police believe Adams saved the lives of at least three people on Wednesday when he picked up a stool at a cafe and threw it at a gunman who killed four people there. Adams' action distracted the gunman, identified as Ian Stawicki, and allowed Adams and some others to escape.

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The Two-Way
7:21 am
Fri June 1, 2012

Mine Safety Questions Linger, One Year After Takeover Of Massey Energy

Originally published on Fri June 1, 2012 8:05 am

One year ago today, Alpha Natural Resources officially absorbed the troubled coal mining company Massey Energy, which had one of the worst safety records in the industry.

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The Two-Way
7:09 am
Fri June 1, 2012

Did Jobs Grow Fast Enough In May? Probably Not

Hoping for work: Job seekrs lined up Thursday at a job fair in Los Angeles.
Kevork Djansezian Getty Images

Originally published on Fri June 1, 2012 8:35 am

Breaking news at 8:34 a.m. ET: "Unemployment Rate 8.2 Percent In May As Just 69,000 Jobs Added

Our original post:

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Iraq
3:00 am
Fri June 1, 2012

Ignoring Critics, Iraq's Leader Consolidates Power

Iraqi Prime Minister Nouri al-Maliki (center) arrives on May 8 at Kirkuk airport in northern Iraq, on his first visit to the multi-ethnic city since taking office.
Marwan Ibrahim AFP/Getty Images

Originally published on Fri June 1, 2012 10:30 pm

Iraqi Prime Minister Nouri al-Maliki recently held one of his traveling Cabinet meetings in the disputed city of Kirkuk in an effort to show Iraqi Arabs on the edge of the Kurdish-controlled north that he's working on their behalf, too.

But the fact that he felt obliged to bring in large numbers of heavily armed troops for the event illustrated the tension plaguing Iraqi politics.

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Planet Money
2:59 am
Fri June 1, 2012

A Front-Row Seat At A Bank Run

Petros Giannakouris ASSOCIATED PRESS

Originally published on Fri June 1, 2012 9:04 am

A decade ago, investors thought Greece would flourish on the euro. Money poured in, and banks started lending it out. Thefilos Papacostakis, a bank teller at Alpha Bank in Thessaloniki, got to hand out a lot of that money.

Last month, Thefilos says, his bosses called him in for a meeting. They told him things were about to get worse. When countries are in this kind of trouble, the bosses said, people panic and pull their money out of banks.

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StoryCorps
2:57 am
Fri June 1, 2012

When Mom Is Right, And Tells Police They're Wrong

Robert Holmes, 67, is a professor at Rutgers University.
StoryCorps

Originally published on Fri June 1, 2012 1:28 pm

When Robert Holmes' parents moved to Edison, N.J., in 1956, they were one of the first African-American families to integrate the neighborhood.

"After we'd moved to Edison, there was a resentment that we had broken into the community," Holmes says.

Even at the age of 13, Holmes felt the animosity. The neighborhood had a private swim club that opened up to anyone who participated in the Memorial Day parade. Holmes was in the band.

"I arrived at the pool on Memorial Day having marched in the parade with my uniform still on, and they called the police," he says.

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Election 2012
7:09 pm
Thu May 31, 2012

Boston Takes Center Stage In Fight For White House

Mitt Romney shakes hands as he walks into the House Chambers during inaugural ceremonies at the State House in Boston in 2003. the Obama campaign sought to focus attention on Romney's tenure as Massachusetts governor.
Elise Amendola AP

Originally published on Thu May 31, 2012 10:58 pm

President Obama's re-election campaign is training some of its heaviest guns on a new target — the four years that GOP presidential challenger Mitt Romney served as governor of Massachusetts.

In Boston Thursday, David Axelrod, a top Obama campaign adviser, joined Democratic state legislators and mayors on the steps of the State House to lampoon Romney's record there as governor between 2003 and 2007.

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