The Week Unpeeled
The Syria debate continued in the headlines with what appears to be growing concern in the US and abroad on whether to support airstrikes. The efforts by President Obama on the Hill and at the G20 summit in Russia to find support dominated broadcasts and print throughout the weekend, overshadowing a tricky US unemployment report. Called a “witches’ brew” of nerve gas by The New York Times, Syria has amassed “one of the world’s largest stockpiles of chemical weapons, an assessment that will continue to fuel the debate.
- The US jobless rate fell to 7.3 percent (because many are leaving the workforce after being idle for too long) in August and added a less-than-expected 169,000 workers to non-farm payrolls;
- The employment report sparked decidedly different headlines with some showing the mixed message of the news: “Muddies Fed Plans” (WSJ) to “Not Expected to Deter Fed” (NYT); Stocks were equally confounded, it seems;
- The Dow ended the week up only 0.8 percent but its first weekly advance in five to close at 14,922;
- At the G20 summit, leaders declared the economy may worsen, saying the recovery has been too sluggish (“too weak,” to be exact);
- Microsoft agreed to buy most of Nokia for $7 billion in an apparent bid to “hear them now”;
- And on a much bigger scale, Verizon agreed to buy Vodafone’s 45 percent stake in Verizon wireless for $130 billion, one of the biggest deals ever;
- Tokyo won the race to host the Summer Olympics in 2020;
- Alec Baldwin will host (or “assault” said The New York Post) a talk show on MSNBC called “Up Late with Alec Baldwin”; and
- Rupert Murdoch is the subject of a new play in his home country Australia called “Murdoch,” in a song-and-dance look behind the headlines. Hmmm.