Nigerian Times

So Where are the Jobs? For The U.S. Economy, Bouncing Back Is Hard To Do Construction, Finance, State/Local Government Holding Recovery Back PR Newswire NEW YORK, May 5, 2011 NEW YORK, May 5, 2011 /PRNewswire/ -- When it comes to recessions, the U.S. economy doesn't bounce back like it used to, The Conference Board reports in an analysis released today. By March 2011, the number of people employed in the U.S. was only 0.2 percent higher than in June 2009, when the recession ended, notes the report, entitled So Where are the Jobs? The current recovery is the second slowest on record since 1961 – continuing a trend that began in 1991 of weak growth in both jobs and GDP. In the last three recoveries, neither GDP nor employment "roared back" as was typical after earlier downturns. In the current recovery, some industries are doing better, others worse. "When looking across industries, the current recovery is showing some unique trends," says Gad Levanon, Associate D

1 Aug 2008 14:21 Africa/Lagos Addax Petroleum Announces Federal Government Approval of Nigeria Gas Utilisation Initiative CALGARY, Canada, August 1/PRNewswire/ -- - International Consortium Formed for Investment in Gas Development - Including the Potential Monetization of OML137 Gas Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation"), together with its partners Chrome Oil Services Limited ("Chrome") and Korea Gas Corporation ("KOGAS"), announces today that it has received the approval from the Federal Government of Nigeria, for its proposed implementation of an integrated gas utilization project in Nigeria. Addax Petroleum has also entered into a heads of agreement with Chrome, a leading Nigerian oil and gas company, and KOGAS, South Korea's national gas company, forming an international consortium (the "Consortium") which, upon finalization of the necessary project development agreemen