Bold action on jobs needed now: Obama aide Sperling

The case for bold action to put Americans back to work is overwhelming, a top White House adviser said on Thursday, and opponents are turning their backs on the millions of the country's long-term unemployed..

Gene Sperling, director of the National Economic Council, said opponents of the bill were "turning a blind eye" to those who have been out of work for six months or more, roughly 45 percent of the 14 million Americans without jobs.

"There is no question that the best thing for our economy right now is to get a large, bold, demand injection through the American jobs act now," Sperling said at the Financial Times' View from the Top conference in New York.

The Senate defeated President Barack Obama's $447 billion job-creation plan earlier this week but the White House says it will keep pushing Congress to do more to help boost hiring.

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Google Third Quarter Results - Large rise in profits with 40 million Users

Google has announced the third quarter results; the report says Google has made a large rise in profits in the three months to September. The search engine said net income in the third quarter surged 26% to $2.73bn (£1.74bn), up from $2.17bn in the same period last year.

Google reported quarterly revenues of $US9.72 billion which the company said was an increase of 33% compared with the third quarter of 2010, with net income of $US2.73 billion compared with $US2.17 billion in the third quarter of 2010, an increase of about 26%.

Google said its revenues were calculated consistent with normally accepted accounting principles (GAAP), without withholding traffic acquisition costs, the portion of revenues shared with Google's partners, which were $US2.21 billion, or 24% of advertising revenues,Google said.

Google chief executive Larry Page said the company had had a great quarter. “Google+ is now open to everyone and we just passed the 40 million user mark. People are flocking into Google+ at an incredible rate and we are just getting started!"

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New Zealand oil spill -Country's Worst Environmental Disaster

Heavy oil spill and strong winds hit the vessel for a second day on Wednesday, sending empty containers dropping off the ship, which is leaning at around 18 degrees, into the heaving seas. About 50 seabirds have died and group of naturalists have scrubbed and treated 20 more for oil pollution.

The captain was charged with "operating a vessel in a manner causing unnecessary danger or risk". The 775ft (236m) Rena ran aground on a graphed reef off the North Island port of Tauranga a week ago. Officials say the fuel oil leaking from the ship has caused the country's worst environmental disaster in decades.

Maritime New Zealand (MNZ), which is managing the emergency response, said about 70 containers had fallen off the Rena after more bad weather overnight shifted the vessel into a heavy list. The ship is carrying 11 containers of hazardous materials, MNZ said, including ferrosilicon which is flammable upon contact with water.

MNZ said the hazardous materials containers were not among those that had fallen overboard. But New Zealand Prime Minister John Key said stress fractures had been found on the Rena. He said "we can't rule out the risk of the ship breaking up, that's certainly being monitored".

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