Afternoon Update: Obama Stumps for Jobs Plan, Calling for 'Action Now'

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September 9, 2011 Afternoon Update

TOP NEWS Obama Stumps for Jobs Plan, Calling for 'Action Now' By MARK LANDLER and JACKIE CALMES A day after throwing down the gauntlet before Congress, President Obama took his $447 billion jobs plan on the road on Friday, beginning a fall offensive in support of his proposal. In the Real World, Will the Jobs Plan Make a Difference? By THE NEW YORK TIMES Employers in a variety of industries react to President Obama's jobs proposal. For some, factors more important than payroll taxes will affect their future hiring plans. House Freshman Emerges as G.O.P. Power Broker By JENNIFER STEINHAUER Presidential candidates have been courting Tim Scott, one of four freshmen in the House from South Carolina and one of two black Republicans. More Volatility as Stocks Drop Sharply By CHRISTINE HAUSER Markets declined on Friday in the wake of President Obama's jobs speech that added to the uncertainty already weighing on global markets over the euro zone. Resignation at European Central Bank Hints at Split 2:40 PM ET Libyan Rebels Attack Qaddafi Loyalists in 2 Cities By ROD NORDLAND Libyan rebels launched attacks on the loyalist holdouts of Bani Walid and Surt on Friday night, a day before their own deadline for the surrender of those cities took effect. • NYTimes.com Home Page »

Opinion Video: Tom Brokaw: 'Unknowable Future' A decade after 9/11, Tom Brokaw reflects on his Op-Ed from Sept. 28, 2001, and the need for the whole country to share some of the sacrifices made by military families. Op-Ed: An Unknowable Future Opinion Editorial The Jobs Speech An aggressive president, at last, challenges the defeat-everything Congress to do something to reignite the economy.

BUSINESS Resignation at European Central Bank Hints at Split By JACK EWING AND NICHOLAS KULISH The departure of Jürgen Stark, described as the European Central Bank's chief economist, brought discord over the response to Europe's sovereign debt crisis into full view. G-7 Faces Calls for Urgent Action to Spur Growth By LIZ ALDERMAN Treasury Secretary Timothy F. Geithner warned that headwinds from Europe's deepening debt crisis risked exacerbating problems in the United States. I.M.F. Chief Urges Bold Action to Steady Global Economy By LANDON THOMAS Jr. Ahead of a G-7 meeting, Christine Lagarde said unified action was needed to steer economies through "this dangerous phase." DealBook Yahoo Is Said to Look to Allen & Co. for Strategic Options By MICHAEL J. DE LA MERCED As it explores options for its future, Yahoo has formally hired Allen & Company as its investment bank, according to a person briefed on the matter. DealBook VW and Porsche Shares Slip as Deal Hopes Are Dashed By DEALBOOK Shares of Volkswagen and Porsche slipped on Friday, on news the automakers' merger could not be completed by the end of the year. • More Business News »

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