Afternoon Update: U.S. Loses 533,000 Jobs in November

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		Friday, December 5, 2008   Compiled 4 PM E.T.   TOP STORIES Advertisement U.S. Loses 533,000 Jobs in November By LOUIS UCHITELLE The unemployment rate rose to 6.7 percent as November saw the 11th consecutive monthly decline in nonfarm payrolls and the largest since 1974. Frank Sees ‘Disaster’ if Auto Industry Fails By DAVID STOUT The chief executives of the Big Three automakers returned to Capitol Hill in an air of deepening crisis. Honda Pulls Out of Formula One Racing By MARK McDONALD and BRAD SPURGEON Honda disbanded its Formula One team in a move that highlights the dismal state of the auto industry. India Acknowledges Errors in Security Response to Attacks By SOMINI SENGUPTA and JANE PERLEZ India conceded Friday that the attacks on Mumbai last week revealed “lapses” in its security arrangements. Simpson Sentenced to at Least 9 Years in Prison By STEVE FRIESS O.J. Simpson was sentenced for his role in a 2007 robbery of two collectibles dealers in a Las Vegas hotel room. • NYTimes.com Homepage Back to Top TRAVEL OPINION Slide Show: Winter on the Slopes From heli-skiing in Sweden to snowboarding at Taos, discover the best of the 2009 ski season. Op-Ed: Piracy Is Terrorism All states share in the burden of capturing pirates, writes Douglas R. Burgess Jr. BUSINESS ECONOMIX Workers Give Up By DAVID LEONHARDT Bad as it is, the jobs report doesn’t even account for the 637,000 people who dropped out of the labor force. Stocks Shake Off Early Losses Despite Weak Jobs Report By JACK HEALY The market moved higher in the afternoon, led by financial stocks, as Wall Street looked past the worst job losses since 1974. Paulson’s China Trip Leaves Big Issues Unresolved By ANDREW JACOBS Two days of economic dialogue produced a modest stream of achievements, but also served to highlight tensions between the world’s biggest economy and the world’s largest developing one. YOUR MONEY It May Be Time to Think About Buying a House By RON LIEBER This may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage. HSBC Executive Criticizes Guarantees By KEITH BRADSHER and BETTINA WASSENER The chief executive of HSBC’s Asian operations called for Asian governments to abandon their guarantees of bank deposits, saying they amount to inappropriate assistance to weak banks. • More Business News Back to Top   About This E-Mail You received these headlines because you are subscribed to Afternoon Update from NYTimes.com. As a member of the BBBOnline Privacy Program and the TRUSTe privacy program, we are committed to protecting your privacy. Manage My Subscriptions  |  Unsubscribe  |  Change Your E-Mail  |  PrivacyPolicy  |  How to Advertise Please include the following ID number when writing to feedback@nytimes.com so that we can track any reports of problems:  57468657 Copyright 2008 | The New York Times Company | Privacy Policy | NYTimes.com 620 Eighth Avenue New York, NY 10018