Another Obama economic advisor steps down Los Angeles Times ...Romer...had called for a larger economic stimulus than the $787-billion package that Obama ultimately embraced.
Jobless claims rise 19,000 to 479,000 Marketwatch ...the July average of 458,000 is consistent with a labor market under a significant amount of stress," economist Neil Dutta of Bank of America/Merrill Lynch wrote.
Ford Receives Export Loan Guarantee Wall Street Journal ...Ford plans to invest $450 million to produce a new hybrid and plug-in hybrid at its Michigan Assembly Plant beginning in 2012, creating 1,000 jobs. In Chicago, the company is investing $400 million and adding 1,200 jobs amid plans to begin production of its fuel-efficient 2011 Ford Explorer later this year.
Senate Votes $26 Billion for States and Schools New York Times ...The Senate on Thursday approved $26 billion in aid to states and school districts to prevent the layoffs of tens of thousands of teachers and government workers.
$16 Million Fine for Conn. Power Plant Associated Press ... The nation's top workplace safety agency imposed $16.6 million in fines Thursday against companies involved in a power plant blast that killed six workers and injured 50 others.