The compromise between Gov. David A. Paterson and the state’s public employee unions limits pension benefits for future public employees in an attempt to control ballooning costs for retirees.
The U.S. unemployment rate was the highest in 26 years, the government said on Friday, but the loss in May of 345,000 jobs, fewer than expected, amplified hopes of recovery.
Brazil said the only piece of debris recovered from the ocean thus far did not belong to the Air France jet that crashed Monday, throwing the investigation into confusion.
AP - President Barack Obama absorbed the stark horrors memorialized at the Buchenwald concentration camp Friday and said the lesson for the modern world is vigilance against evil, against subjugation of the weak and against the "cruelty in ourselves."
AP - Employers throttled back on layoffs in May and cut the fewest jobs in any month since the financial crisis erupted last fall — raising the brightest hope yet that an economic recovery will take hold later this year.
AP - A U.S. appeals court conditionally approved Chrysler's sale of most of its assets to Italy's Fiat Friday, but is keeping the deal on hold until Monday to allow an appeal to the nation's highest court.
Neal Williams carefully picked his Las Vegas house 14 years ago with his wife and children in mind. "Just a nice neighborhood," is how he recalls it. But times have changed. Many homes are vacant because of foreclosures, and others have been rented out by banks that can't sell them. And with renters, he says, the sense of community has given way to trash, graffiti and worse.
The woman who stabbed pregnant actress Sharon Tate to death will be considered for parole from prison a month after the 40th anniversary of the killings that cast a shadow of fear over southern California.