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US Unemployment Claims Hit 49-Year Low

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  • US Unemployment Claims Hit 49-Year Low

The number of unemployed people filing for unemployment claims in the US drop to near 49-year low last week.

The unemployment claims fell by 10,000 to 203,000 for the week ended September 1, according to the Labor Department report released on Thursday. The number is better than the 214,000 projected by analysts and represent the lowest level since December 1969.

Again, the more stable four-week moving average of unemployment claims fell 2,750 last week to 209,500, also the lowest since December 1969.

Despite the fact that there have been reports suggesting that some companies are either planning to cut jobs or lay-off workers because of uncertainty surrounding Trump administration’s trade policy, the labor market remained strong and positive.

Similarly, while experts believe the labor market is near or at full employment, the report pointed to a sustained labor market that will continue to support economic growth.

The US dollar dips slightly against the Euro before rebounding to 1.1617 following president Trump’s comments on additional tariffs on $200 billion worth of Chinese imports.

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CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial market.

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COVID-19: Controversial Senator Buruji Kashamu Bids the World Goodbye

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Buruji Kashamu

 Buruji Kashamu Dies of COVID-19 Complications

Former Senator Buruji Kashamu, who represented Ogun East in the 8th National Assembly, has died on Saturday August 8, 2020.

Kashamu died at the First Cardiology Consultants Hospital in Ikoyi, Lagos.

I have just lost my good friend of forever to ‪#COVID19‬. Until his death, Sen. Buruji Kashamu and I were inseparable. He died today at First Cardiology Consultants, in Lagos. May his gentle soul rest in peace. I pray his family and loved ones the fortitude to bear this heavy loss,” Ben Murray-Bruce, a former senator stated on Twitter.

Kashamu was said to have been on life support machine for weeks after slipping into a coma following COVID-19 complications.

Prior to Kashamu’s death, he was engaged in a long legal battle with the Federal Government to stop his extradition to the United States for drug trafficking charges.

According to a statement signed by Kehinde Akinyemi, spokesman of former President Olusegun Obasanjo, the former president said while the death of the lawmaker was sad, his life and history left “lessons for those of all us on this side of the veil.”

Senator Buruji Kashamu in his lifetime used the maneuver of law and politics to escape from facing justice on alleged criminal offence in Nigeria and outside Nigeria,” Obasanjo said.

“But no legal, political, cultural, social, or even medical maneuver could stop the cold hand of death when the Creator of all of us decides that the time is up.

“May Allah forgive his sin and accept his soul into Aljanah, and may God grant his family and friends fortitude to bear the irreparable loss.

The former senator added to the list of prominent Nigerians, who died at First Cardiology Hospital. The same hospital Abba Kyari, late Chief of Staff to President Muhammadu Buhari, died.

Also, Abiola Ajimobi, former governor of Oyo State and Adebayo Osinowo, a lawmaker representing Lagos East Senatorial District at the National Assembly, died in the same hospital.

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Florence Ajimobi, Wife of Late Abiola Ajimobi, Says ‘I miss my Husband’

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‘I miss my Husband’ Says Florence Ajimobi, Wife of Late Abiola Ajimobi

Florence Ajimobi, the widow of Ex-Governor of Oyo state, late Abiola Ajimobi has expressed how much she missed the presence of her husband.

In an interview granted to a delegation of the Nigerian Union of Journalist, Oyo State Chapter at her residence in Oluyole, Ibadan, Mrs. Ajimobi described her late husband as a hero who impacted on many lives.

She said “My husband lived 70 years. 70 years of fulfillment, achievements and impact on many lives. Forever, I will be proud of him. I called him my hero. He is my hero and will forever be my hero.

“For me, he is never late and we shall live forever. He is a man I love, cherish, and will forever be in my heart.

She also acknowledged that her husband’s death was God’s call which everyone will answer one day.

“I don’t want to behave like an unbeliever because I know nothing happens without God’s input. We are all here one day and we are all going back one day.

“Nobody knows when death is going to come. I believe so much in destiny and I believe my husband’s time was up. He lived a fulfilled life.

“I am crying because I missed him. I missed everything about him. I miss his love, his advice. Having him around me was my strength. He was my greatest supporter.

“He thinks I am a strong woman but this time, I tell you I am not a strong woman. He used to give me all the strength I needed as a woman.

“So when I cried, not because he hasn’t achieved much, but because I missed so much about him,” she added.

Ajimobi explained that what consoles her is knowing that her husband is at peace.

What does it profit a man even if he lived up to 90 years and he can’t make heaven? Abiola Ajimobi made heaven and he is at peace with God. That is my greatest consolation.”

“Whoever is begrudging Abiola Ajimobi, who else do you want to begrudge now? The man is dead. That peace you cannot make again. You cannot rectify it.”

“I know whoever is not happy with him will feel that guilt forever because the opportunity to make up with him is gone.”

“Life is short. Abiola Ajimobi has gone today, who is next? Nobody knows. It could be anybody,” she said.

Mrs. Ajimobi, who was glad to have spent 40 years with her late husband, expressed the family’s readiness to uphold his legacies going forward.

I am proud to share the best 40 years of my life with him. I know the journey ahead of me is a long one but with God on my side, it is achievable.

“I know God will sustain us, our family, and his political family. God will give the family the strength to uphold his legacies and to continue the good work he has done.

“When I listen to all the good things people have to say about him, I am so pleased to have him as a husband. I am proud to be his wife,” she said.

Late Governor Abiola Ajimobi died on Thursday June 25, 2020, at First Cardiology Hospital, Ikoyi, Lagos.

Ajimobi died of multiple organ failure, he was on life support machine after slipping into a coma after contracting coronavirus.

Late Ajimobi was the governor of Oyo State for eight years (2011-2019).

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Iron Mike Tyson to Take on Roy Jones Jr on September 12

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Iron Mike Tyson Once Again Steps in the Ring at 54

The youngest heavyweight champion of the world, who broke PPV records and once called the “baddest man on the planet” Mike Tyson will make a Comeback fight against the Four-Division world champion Roy Jones Jr on 12th of September.

On Thursday 23 of July 2020, Mike on his Twitter handle @mike tyson tweeted “I . AM . BACK #legendsonlyleague. September 12th vs @RealRoyJonesJr. On #Triller and #frontlinebattle @tysonleague.”

The eight-round fight will take place in California as sanctioned by the state’s athletics commission. The fight will be broadcast on Triller and Pay-per-view as confirmed on Thursday by Triller.

The executive director of the state’s athletic commission Andy Foster said the fighters would not be wearing headgear and would be using the Larger – than – normal 12oz gloves.

Mike TysonTyson, 54, became the youngest ever heavyweight champion in 1986 and remain champion until he was defeated by James “Buster” Douglas in 1990.

Mike hasn’t boxed since 2005 when he lost his second straight fight.

Jones, 51, won the heavyweight title in 2003. Prior to winning the heavyweight title, he won titles in the middleweight, super middleweight and light heavyweight. This made him the first former middleweight champion to do so in 106 years.

While many have raised concerns about the fight given the age of the two fighters. Mike Tyson has said: “My mentality is just what it’s always been.

“How do I say this? I’m an annihilator… Man for man I don’t think nobody can match me…

“I’m the greatest fighter since the conception of God, how could I not take this opportunity up?”

He added: “My ego’s f***ing with me and I’m saying, ‘N***a, you think you fly? You ain’t s***. An amateur can get in here and kick your ass, you better get on top of your game. You want to get embarrassed in front of these f***ing people?’

Mike Tyson “Then the other ego says, ‘F*** you n***a, watch what I’m gonna do.’”

He, however, concluded by laughing, pointing to his head and saying: “You don’t know what goes on up here.”

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