Jobs news a boost for Obama

The US economy created 227,000 jobs in February, while the unemployment rate stayed at 8.3%, the lowest level in nearly three years.

The Labor Department report also showed that job-creation figures in December and January were even stronger than first estimated.

President Barack Obama said the figures showed the economy “getting stronger”.

Employment has been rising for the past six months, but the jobless rate has been stuck above 8% since early 2009. Read more at the BBC…

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Murdoch Under Investigation Again

British satellite broadcaster BSkyB, part of Rupert Murdoch’s UK media business, is facing an escalating investigation into whether it is a “fit and proper” owner of a broadcasting licence, Britain’s telecoms regulator said on Thursday.

Ofcom said it set up a dedicated team in January known as ‘Project Apple’ to investigate material emerging from the Leveson inquiry and the police’s investigations into phone hacking and the corrupting of public officials.

The investigation is considering the status of both James Murdoch, chairman of BSkyB, and News Corp, which holds a 39.1 percent stake in broadcaster, as “fit and proper” persons to own the BSkyB licence.

“Ofcom has a duty under the UK Broadcasting Acts 1990 and 1996 to be satisfied that any person holding a broadcasting licence is, and remains, fit and proper to do so,” the regulator said.

“New evidence is still emerging from hacking and corruption allegations. Ofcom is continuing to assess the evidence, including the new and emerging evidence, that may assist it in discharging its duties.” Read more at YahooNews….

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