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Finger pointing continues over Britain's "veto"

EC President Barrosso condemns Britain's negotiating stance at last week's summit
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EC President Jose Manuel Barrosso reports on last week's summit. He was diplomatic - but clearly unhappy with David Cameron (FREDERICK FLORIN/AFP/Getty Images)
David Cameron continues to reap the whirlwind over his actions at last week's EU summit
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British Austerity - the alternative to dealing with debt reduction - isn't working either

Chancellor of the Exchequer, George Osborne, admits to Parliament his deficit reduction plan has run off the rails.
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Chancellor of the Exchequer contemplates the numbers on his way to Parliament today (BEN STANSALL/AFP/Getty Images)
Britain's austerity plan hits the buffers. Borrowing is going up and so is unemployment. Recession is a real possibility, the government admits
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US unemployment claims drop to lowest level since April

The figures indicate fewer redundancies, but are not yet evidence of job growth.

Majority of unemployed Americans no longer on benefits

With so many people being out of work for so long, most unemployed Americans are no longer receiving unemployment benefits, the Associated Press reported.

ILO annual report: jobs recession will deepen; rising unemployment and social unrest likely in 2012

Annual World of Work study expects Europe to have a 50% percent shortfall in job creation over next two years. ILO calls on G-20 to do something.
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(CRISTINA QUICLER/AFP/Getty Images)
Economies may avoid recession, but working people won't, says the ILO's annual survey of the World of Work.
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