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The Labor Department reports that the nation's unemployment rate rose 6.5 percent last month. The number of jobs lost were a lot higher than expected. The report indicates that the downturn in the economy this year has been even deeper and more dramatic than most economists had expected. The jobless rate is at a 14-year high.

The tiny Himalayan nation of Bhutan has crowned its fifth king in an elaborate Buddhist ceremony. It was the new king's father who pioneered the concept of "gross national happiness" — meaning there's more to a country than economic growth, and spiritual and mental well-being matter just as much.

It has been a bad day for stocks all over the world. Markets lost ground in Asia, Europe and the United States. Recession fears have spread, and investors are pulling their money from stocks at a frightening pace.

Stocks have sold off sharply in Europe, Asia and the U.S. One analyst says much of the decline stems from a global "deleveraging" that will continue for a while.

Last week alone, Barack Obama outspent John McCain by about $6 million in television advertising. Jonathan Martin of Politico says there are two elements to the story: Obama's enormous fundraising advantage over McCain, and how much money the Democrat is pouring into advertising in red states.

The Nano, billed as the world's cheapest car, was supposed to roll off an Indian production line this month. But that plan hit a snag when Tata Motors announced it had to build the car somewhere else. The company closed the new plant in the state of West Bengal after violent protests.

Stocks are down sharply after the House of Representatives rejected a $700 billion bailout of Wall Street. At one point, the Dow Jones industrial average was down more than 700 points.

Actor Bryan Cranston recently won the Emmy for outstanding actor in a drama series for his performance in the AMC's Breaking Bad. Cranston plays a high-school chemistry teacher who begins producing crystal meth after being diagnosed with cancer.

Both presidential candidates John McCain and Barack Obama have offered their own plans for fixing the troubles on Wall Street. Syndicated columnist and author David Sirota offers analysis on their plans.

John McCain's chief economic adviser, Douglas Holtz-Eakin, says the Republican candidate wants to revamp the patchwork of regulations that govern economic transactions. McCain is not in favor of more regulation, he says, just uniformity.