— The national unemployment rate edged down to 10.0 percent in November, with a loss of only 11,000 jobs. Additionally, after revision, the estimates of job loss for September and October were smaller than reported last month. In November, job losses occurred in construction, manufacturing, and information, while employment rose in temporary help services and health care. See the federal government’s statement on the news: http://www.bls.gov/news.release/pdf/jec.pdf — A coalition of 23 groups sent a letter to lawmakers, Gov. Jim Doyle and members of his Task Force on Global Warming urging them to reject several provisions included in the task force’s recommendations they said would hurt the economy. A bill is being drafted to implement the recommendations. Sources said the bill was to be introduced next week in advance of Doyle’s participation in the United Nations Climate Change Conference in Copenhagen. But that rollout may be delayed due to drafting issues. “[W]e respectfully ask that you consider advising the chief legislative authors that you have serious reservations over the costs and related implications of various implementation proposals, as well as the notion that all Task Force recommendations be packaged en masse into a single bill,” reads the letter. “We do not believe you intended each policy recommendation contained in the Final Report to be rolled into one, omnibus bill. Nor do we believe that you were presented with adequate cost information on these sweeping initiatives prior to your vote on the Final Report last year.” Those signing onto the letter include Wisconsin Manufacturers & Commerce, Wisconsin Transportation Builders Association, the Wisconsin Paper Council and Metropolitan Milwaukee Association of Commerce. See the letter: http://www.wispolitics.com/1006/091203GWTF_letter.pdf — In the latest edition of “WisBusiness.com: The Show,” Tom Still comments on the federal health care reform debate and Scott VanderSanden, president of AT&T Wisconsin, discusses developments in the telecom industry. Watch the show, which is a joint production of WisBusiness.com, the Wisconsin Technology Council and Tweedee Media: http://www.wisbusiness.com/index.iml?Article=178614 TOP STORIES
General Growth president says company eyeing mid-2010 bankruptcy exit: General Growth Properties Inc. President Thomas H. Nolan Jr. said he hopes to pull his debt-laden real estate firm out of bankruptcy as early as mid-2010, depending on the Chicago company’s ability to restructure its remaining $12 billion of debt. Regulators approve We Energies deal: Lawsuits over the Oak Creek coal-fired power plant won’t be revived, environmental groups said Thursday after state regulators voted to approve their $98 million settlement with We Energies. Sale of JT Packard in Verona will preserve 297 jobs : Verona’s JT Packard & Associates Inc. is to be purchased next month in a transaction that will retain all 297 employees, the company’s chief restructuring officer said Thursday. Kohl’s sales exceed expectations: Kohl’s Corp. said its same-store sales in November increased 3.3 percent as the retailer continued to gain market share. The same-store figure exceeded analysts’ projections of a 1 percent increase, according to Thomson Reuters.
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************
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