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Employers cut 533K jobs in Nov., most in 34 years- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
- News of a rapidly weakening job sent stocks falling Friday as investors feared that the recession will be deeper and more prolonged than many have expected. The major indexes were all down more than 1 percent and the Dow Jones industrials fell more than 150 points.
AP IMPACT: Some bailout holdings down $9 billion- Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.
- A security pact that sets a timetable for troops to leave Iraq requires a shift in how the U.S. carries out combat missions during its remaining time in the country, the top U.S. military commander in Iraq said Friday.
Hill leader says jobs report argues for car rescue- The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation's beleaguered auto industry even more urgent.
- Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.
AP Enterprise: Deaths loom over self-defense laws- A convenience store clerk chased down a man and shot him dead over a case of beer this summer and was charged with murder. A week later, a clerk at another Jackson convenience store followed and fatally shot a man he said tried to rob him, and authorities let him go without charges.
- Paul Benedict, the actor who played the English neighbor Harry Bentley on the sitcom "The Jeffersons," has died. He was 70.
Giants' Pierce to meet with NYC investigators- Antonio Pierce is finally going to talk to investigators about what he did on the night Plaxico Burress shot himself.
USA TODAY Continues 25th Anniversary Celebration With Weekly Top 25 Lists
MCLEAN, Va. (Map) - USA TODAY turns 25 years young this September, and to continue the celebration, The Nation's Newspaper will look back at the Top 25 Music Milestones.
In 1982, ABBA disbanded, Public Enemy formed and Ozzy Osbourne bit off a bat's head. In the 25 years since, music has undergone cataclysmic changes. USA TODAY has picked 25 top milestones; share your choices at USATODAY.com.
Every week for 25 weeks, USA TODAY will offer an exclusive color page of Top 25 anniversary memories -- 25 lists over 25 weeks designed to spark conversation and debates. The Top 25 conversation continues today with the Top 25 Music Milestones. Here are the top 10:
1. Napster (1999)
Shawn Fanning's file-sharing service, the first significant peer-to-
peer music trading system, sparked a firestorm, prompting lawsuits
from Metallica, Dr. Dre and major labels before a court order shut it
down in 2001. Napster, later rebranded as a pay service, went belly
up. Due partly to piracy, the music industry isn't that healthy
either.
2. Live Aid (1985)
The enormous benefit concert, staged largely in London and
Philadelphia for 1.5 billion TV viewers, raised $245 million for
famine relief in Ethiopia, canonized organizer Bob Geldof and
unleashed a glittery rock revue starring Paul McCartney, Queen,
Madonna, U2 and scores more.
3. Michael Jackson on MTV (1983)
The R&B wunderkind broke the color barrier at the nascent music
channel and blazed the trail for video innovation when Beat It, a nod
to West Side Story, premiered in March. The epic zombie-themed
Thriller followed in December.
4. N.W.A.'s Straight Outta Compton (1988)
Gangsta rap exploded in violent, explicit street stories, including
the widely banned F--- Tha Police, fueling hip-hop's mainstream
popularity and intensifying censorship debates and a culture war.
5. Smells Like Teen Spirit (1991)
Nirvana's punk anthem brought alternative rock to the fore and
heralded the grunge movement's tsunami of Seattle bands from
Soundgarden to Pearl Jam, rock's counteroffensive to big hair metal.
Kurt Cobain's 1994 suicide created a Gen X martyr.
6. iPods and iTunes (2001)
Technology allowed tailor-made playlists, and music became less of a
communal experience as buyers cherry-picked vast online reservoirs and
listened in isolation. Sales patterns reveal fewer superstars and a
long tail of niche artists.
7. Radiohead (1997)
The most significant and influential British group of the era risked
"commercial suicide," according to its label, with the release of
1997's OK Computer, an experimental pastiche of ambient electronica,
art-rock and post-punk that by 2005 was declared the No. 1 album of
the past 20 years in Spin.
8. 'N Sync (2000)
While Backstreet Boys, Britney Spears and the Spice Girls enjoyed the
spoils of the teen-pop trend, nobody scaled the charts like 'N Sync,
whose bouncy No Strings Attached sold 2.4 million copies its first
week, pop music's biggest opener ever.
9. Purple Rain (1984)
Already a star, Prince reached the stratosphere with the semi-
autobiographical film and Oscar-winning soundtrack that yielded such
indelible hits as When Doves Cry and Let's Go Crazy.
10. SoundScan (1991)
The information system that tracks music sales altered the industry by
revealing true data and replacing an inexact store-calling method
tainted by errors and fraud.
Find the full list in today's editions of USA TODAY and on http://www.USATODAY.com. A new Top 25 list will run every week through September 10th.
USA TODAY, the nation's top-selling newspaper, will be celebrating its 25th anniversary on September 15th, 2007. It is published via satellite at 36 locations in the USA and at four sites abroad. With a total average daily circulation of 2.3 million, USA TODAY is available worldwide. USA TODAY is published by Gannett Co., Inc. (NYSE: GCI). The USA TODAY brand also includes: USATODAY.com, an award-winning news and information Web site that is updated 24 hours per day; USA TODAY Sports Weekly, a magazine for enthusiasts of professional football and baseball; and USA TODAY LIVE, the television arm of the USA TODAY brand that brings the spirit and quality of the newspaper to television.
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