02/09/2011 World Business Report

sector. Now it is time for World Business Report. The headlines: Job

figures are due out in the US as Barack Obama prepares his plan to

get America back to work. Is this the toughest job in economics?

Japan's 9th at Finance Minister in only five years. -- 9th Finance

Minister. It could be the issue that defines the next US election:

How to get America working again. Figures are due out later today as

Barack Obama prepares a speech for Congress next week outlining his

plans to bring down the unemployment rate. When he took

office the rate of unemployment was 5%. The credit crunch scented

rocketing above 9%. For some communities the situation is worse.

Four African-Americans, the unemployment rate is double that of

whites. Our correspondent reports. In Harlem, and New York, they are

no stranger to fighting unemployment. A mother of two, she

was out of work for over two years. She worried about keeping a roof

over her head, but things are now looking up. She recently found a

job. This is a breakthrough. Even now as we talk about it I can see

you are getting emotional. In tough financial Times, family is

everything. Right now I do not have any income, so my family is helping

me. There are backing the up and I am trying to stay in there. -- they

are backing me up. This neighbourhood is no stranger to

economic hardship, but the worst recession in 50 years has made it

even tougher. The unemployment rate among African-Americans and

Hispanics is significantly higher than among the white population.

This man is the president and founder of a local community group.

This is the worst time I have seen in my 30 years of public service.

He says the lack of jobs has been devastating. This community was

hard pressed to find employment when the times were good. They

placed a great deal of faith in Barack Obama and they now wait to

see what he can do to help them. BBC News. Japan has a new Cabinet.

Yoshihiko Noda, who be came the 6th Prime Minister in as many years,

has announced the team that will try to get the struggling economy

back on track. We go live to Tokyo. He has gone for close allies in the

top jobs, and some of them are young by Japanese standards. Yes,

the new Finance Minister is 49, a spring chicken by Japanese

standards. He is also unknown, especially in tens of his views on

fiscal and monetary policy. -- in terms of. He is likely to support

the idea of increasing sales tax to reduce Japan's public debt. He may

also look kindly on intervention in the currency markets. Yoshihiko

Noda intervened in the currency markets to bring down the yen,

threatening the products of Japan's exporters. He said that they would

work like bottom feeding fiche to get the job done. -- fish. You yes,

he compared himself to a drab fish last week. They have to rebuild in

the north after the earthquake and tsunami. They have to get the

economy out of stagnation while not adding to Japan's public debt,

already the largest in the industrialised world. Oil exports

could be banned as thened as the about how to deal with Syria, who

has cracked down violently on protesters. It is a dangerous

balancing act. How to pile on enough pressure to force area's

leaders to step down without the country sliding into civil war. --

Syria's leaders. Our correspondent reports. While many escaped at the

gun fire this week, it is believed to that more than 2000 have already

been killed by government forces in Syria. He sanctions against

President Assad's regime follow those already announced by the US.

-- European Union sanctions. Boycotts on boil putt an --

boycotts on Boyle are an effective way to hurt to the regime. -- Oil.

Last year oil accounted for 25% of state revenues and accounted for

$33 billion. Some people believe that sanctions will hit the people

rather than the government. Sanctions will only affect the

normal citizens, not the regime. two countries that rely most

heavily on Syrian oil are Germany and Italy. Easily has been unhappy

about sanctions, as it has already paid for some deliveries in advance.

-- Italy has been unhappy. Some still believe that far stronger

sanctions may be necessary to hurt the financial system and the wider

economy. BBC News. In Spain lawmakers are gathering for a

special session of Parliament and a vote on an amendment to the

constitution. The Budget deficit will not be allowed to rise to over

4% of GDP. Both main political parties backed the move. Italy's

Prime Minister Silvio Berlusconi said he has reassured the rest of

Europe that his country will balance the Budget by 2013. The

Coalition leaders have agreed an austerity package which includes

cracking down on tax evasions. That will help uncertainty in the market.

US jobs data comes out later today and a few other features we expect

later on. The purchasing managers' index will be out in four hours and

that will give us an idea of confidence in the industry. The

effect of inflation on selling prices is also due to be released.

Campbell's releases its quarterly results. Sales have been down in

the last year after a low sodium range of suits. -- soup products.

This is how the Asian markets are doing. We have seen profit taking

because the Asian markets have seen a good run of gains. That is why

the Nikkei is slightly down. The markets will be waiting for the US

jobs numbers. Protesters have descended on Britain's largest

illegal travellers' site to try to stop 80 families from being evicted.

Dale Farm in Essex. Our correspondent reports. This is a

community who refuses to be moved. They insist that this that this

their home no matter what the courts say. This woman is diabetic

and has lived here for six years surrounded by her grandchildren.

Now she must leave and is terrified by what is to come. I get night Ms

Four Star I am not sleeping. -- I get bad dreams. The Dale Farm

travellers own the site but the council did not give them

permission to build houses on half of the land. After a ten-year legal

battle the traveller's plea to stay was rejected. The judges have made

their decision and it must be turned back to a greenfield site.

Inside the Kahlua, the travellers remain defiant. -- inside the camp.

That have been joined by 50 supporters who have travelled to

offer their support. But for now the fight goes on. People still

refusing to leave the place they call home. BBC News. The headlines:

in his latest audio message Colonel Gaddafi has urged his supporters to

fight a guerrilla war against what he calls the occupation of Libya.

He said his hometown of Sirte was now the capital of the Resistance.

The UN review of the Israeli military raid on a Turkish flotilla

on the blockade of Gaza said the Israelis used excessive force.

Protesters have that disrupted -- have disrupted the Israeli

Philharmonic Orchestra at BBC Proms. We speak to one of the protesters.

They are a cultural ambassador to Israel and it is like hiding its

war crimes. It is part of its campaign to rebrand Israel, trying

to make it look like a normal, decent state. EU Foreign Ministers