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Job seekers attend a career fair in Overland Park, Kan. The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy. (Photo by Charlie Riedel / AP)

New small business rule: sacrifice inventory, save the store

When John Goldman strolled through his Rhode Island jewelry stores, he used to see every piece on sale as an asset. Now Goldman knows that some of his glittering stock can sink his business.

ABC News

Documents reveal top officials sent Fast and Furious false denials

The Justice Department sent false denials to Congress about the gunrunning investigation from top officials at the U.S. Attorney’s Office and at the Bureau of Alcohol, Tobacco, Firearms & Explosives.

Politico

Blog:

Justice Department sends Congress 1,400 pages on ‘Fast and Furious’

(CNN)

CNNPolitics

Nuanced outlook on unemployment figure

The U.S. unemployment rate took a big tumble in November, from 9 percent to 8.6 percent. A combination of forces caused the big drop — some good and some bad.

NPR

US jobless rate drops to 8.6 percent

Reuters

Blog:

Obama boost: Jobless rate falls

The scoop from Washington

(Chicago Sun-Times)

Egypt elections: Islamists are winning

Leaked results showed that religious parties, including hardliners, have won a clear majority of the parliamentary seats contested. Their success comes at the expense of liberal activist groups.

Telegraph.co.uk

Egypt Islamists tell rivals to accept vote results

Msnbc.com

Islamists polling strongly in Egyptian vote

YouTube

City evacuates 45,000 to defuse massive WWII bomb

Officials in Germany’s western city of Koblenz say some 45,000 residents have to be evacuated as officials try to defuse a World War II era bomb discovered in the Rhine river.

Houston Chronicle

NATION

USPS wants to limit next-day guarantee

The U.S. Postal Service plans to announce a cost-savings proposal that would no longer guarantee next-day delivery of first-class mail.

CNNMoney

Binghamton, NY, mayor offers water to several Pa. families

The mayor of Binghamton, N.Y., has offered to send a tanker with fresh water to a small town in northeastern Pennsylvania where about a dozen households are currently without water.

Wall Street Journal

POLITICS

Herman Cain suspends presidential campaign

Republican presidential hopeful Herman Cain told supporters that he is suspending his presidential campaign.

CNN

GOP weighs tying Keystone pipeline to payroll tax break

House Republicans are considering tying a plan to speed up approval of the controversial Keystone XL pipeline to a broader measure that would extend the payroll tax break that expires Dec. 31.

San Francisco Chronicle

Team Obama cheers on Newt

Newt Gingrich is providing President Barack Obama with something the incumbent sorely needed: a credible top-tier Republican who will join him in lambasting Mitt Romney as a flip-flopper.

Politico

BUSINESS

Facebook acquires the website Gowalla

Facebook has recently acquired the online location sharing service Gowalla for an undisclosed sum, according to a source close to the website’s operation.

CNNMoney

As US, Europe hack at budgets, pensions get sliced

Despite boasting one of the highest per capita incomes in the country, San Jose, Calif., is running large and growing deficits.

NPR

EDUCATION

School districts can use race in decision-making, feds say

Four years after the U.S. Supreme Court struck down Seattle’s school-assignment racial tiebreaker, the federal government has affirmed that districts can consider race to help integrate schools.

Seattle Times

Obama throws out Bush-era diversity guidelines for college admissions

MSNBC

Jay-Z provides the blueprint for a new college course

Michael Eric Dyson, a professor, author, radio host and television personality, has offered at Georgetown University a popular class dedicated to Jay-Z and his career.

Detroit Free Press

Jay-Z subject of Georgetown University course

YouTube

ENVIRONMENT

Salvage logging in British Columbia leaves legacy of environmental harm

Largescale salvage logging in British Columbia has had wide-ranging negative environmental impacts that extend well beyond the death of pine trees caused by beetle attack.

Calgary Herald

Algae helps explain formation of Antarctic ice sheet

Antarctic ice sheets first began to form some 34 million years ago during a period of sharply declining atmospheric carbon dioxide levels, a new study of ancient algae suggests.

Christian Science Monitor

LIVING AND ENTERTAINMENT

Nature and design meet in Lautner’s modern homes

An artist with an idyllic childhood might be as rare as a house with walls made of air, but both play a part in the story of architect John Lautner.

NPR

Yahoo is planning to shut down 4 entertainment blogs

Four Yahoo entertainment sites are going to the blogosphere in the sky. The Projector and The Set flicker blogs both acknowledged on Twitter that the web portal is shutting them down.

The Wrap

RELIGION AND SPIRITUALITY

Kentucky church bans interracial couples

In a moment that seems from another time, members of a Kentucky church voted 9-6 to bar mixed-race couples from joining the congregation.

USA TODAY

Catholic church closures fuel angst

Nine churches might close under a proposed massive realignment of the Roman Catholic Archdiocese of Detroit. The proposals include clustering five dozen other parishes in the city and inner-ring suburbs.

Detroit News

Columns And Op-Ed

The opinions in the items below are not necessarily those of DailySource or our editors. Read more.

Editorial:

Yo Philly, you’re cultured

Philadelphia Inquirer

Column (David Lake):

Is America exceptional? Liberals, conservatives agree, and disagree

CNN

Blog (Richard Brody):

You must know everything

(The New Yorker)

The Front Row

Column (Jane S. Shaw):

What? You call that a college education?

Star Tribune

Column (Richard Vedder and Matthew Denhart):

Why does college cost so much?

CNN

Column (Imogen Russell Williams):

What’s in a namesake? Seeing yourself in fiction

Guardian

Blog (John-Manuel Andriote):

Is there still an AIDS crisis in the US? It depends on who you are.

The Atlantic

Column (Peter Ferrara):

Salvaging the mythology of man-caused global warming

Forbes

Site edited by: Erkinaz Shuminov, Kevin Augustine, Sara Stewart, Brooke Coggiano, Cynthia Vidal, Sam Dieter, Harsha Malik, Rachel Wright, Maria Laverghetta, Tanya Flowers, Valerie Serrano and Sarah Alender.

GOOD NEWS

Farms, stores brighten stalled building lots in NY

Instead of allowing stalled construction sites to become eyesores, some New York City developers are coming up with creative ways to use them temporarily until construction can resume.

ABC News

A traditional Jewish loan program helps ease pain of tough economic times

Gemach, a system rooted in Biblical and Talmudic teachings, named for Hebrew words meaning “bestowal of kindness,” is now meeting needs created by modern causes such as sub-prime mortgages.

New York Times

Ruth Hohmann: The first lady of East German jazz sings again

Hohmann has been called the Ella Fitzgerald of the East, the first lady of East German jazz, a pocket rocket with a voice so versatile it could make an audience laugh. Now at 80, she’s back.

Guardian

WORLD

Europe ends calls to Russia’s stranded Mars probe