Obama jobs speech venue part of election strategy

WASHINGTON (Reuters) – President Barack Obama’s use of a rare joint session of Congress to deliver a jobs speech on Thursday reflects a political strategy to try to blame Republicans for an economy at risk of sliding back into recession.

Adobe Carousel Brings Cloud Photo Storage and Editing to Mac and iOS [iOS Blog]

Adobe today announced Carousel, a cloud-based photo storage and editing service.

Carousel allows users to store unlimited JPGs in the cloud, edit and enhance them on the go, and makes it easy for users to share their photos as well. Adobe will be releasing apps for iPad and iPhone on the App Store, as well as an app on the Mac App Store. Android and Windows apps will be coming eventually.

The editing portion is the same technology built into Photoshop Lightroom. It allows users to “fix exposure, white balance, and saturation with a single click, or use sliders to make nuanced adjustments to contrast, brightness, vibrance, and more.”

Adobe Carousel is a subscription based service costing US$59.99/year or US$5.99/month. The apps will be released later this year.

Sen. Carper: Use pension billions to bail out Post Office

The U.S. Postal Service can delay its impending Sept. 30 financial default by diverting up to $82 billion it has “overpaid” into the Civil Service and Federal Employee retirement systems over the years, and using the money for retiree health-care

Top tax rate ‘harms UK economy’

Twenty high-profile economists urge the government to drop the top 50p tax rate, which they say is doing “lasting damage” to the UK economy.

U.K. Gilts Fall for Second Day as Stocks Gain; Pound Declines

Sept. 7 (Bloomberg) — U.K. gilts declined for a second day as stocks rallied and investors sought higher returns than offered by bond yields near record lows. Two-year rates climbed to the highest in a week as speculation waned that the Bank of England

G7 to tackle European debt crisis

The sovereign debt crisis in Europe will be the main topic of discussion when finance officials from the world’s largest economies meet later this week in France, a senior Treasury official said Wednesday.