Goldman Sachs has revised up its forecast for U.S. job losses in November to 400,000 after reports showing a dismal employment picture in the private sector, particularly in services. 
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Selected and fresh photos from around the web.
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Editor's pick
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Hot off the wire
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Visitors are sen at a Honda showroom in Tokyo, Japan, Friday, Dec. 5, 2008. Honda will pull out of Formula One unless a new buyer can be found within three months, The Associated Press has learned. The Japanese car manufacturer has the operating budget to keep the team running into early 2009, but escalating operational costs amid the worldwide financial crisis have the Brackley-based outfit in danger of shutting down if a new sponsor is not found quickly. Takeo Fukui, CEO of Honda Motors, was due to hold a news conference regarding the F1 team in Tokyo Friday, Dec. 5, 2008.
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Wen Hua, who survived the Sichuan earthquake, holds a toy in her temporary home in Anxian county, Sichuan province December 4, 2008. Schools that collapsed during the earthquake killed more than 19,000 people, nearly a quarter of the total deaths, an official said, giving the first government estimate. Picture taken December 4, 2008.
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Members of a choir sing during a ceremony for Thailand's King Bhumibol Adulyadej's 81st birthday at Sanam Luang square in Bangkok on December 5, 2008. The revered monarch turned 81 on December 5, 2008 but pulled out of his customary birthday address the previous day due to illness, ending hopes that he might offer guidance on a way out of the nation's long-running political crisis.
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Recently starred
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A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.
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A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.
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Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.
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People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.
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Quotes about Goldman Sachs
This move is pretty much the polar opposite of what you think about when you think about Goldman Sachs
was said
in New Kerala
I suspect he's right ... The problem is he started buying just as the credit crisis was gathering steam, and since then it has flattened picks like AIG, Goldman Sachs, and Wachovia.
said Chris Davis
The material was prepared by a group within the Securities Division on the public side of the ‘Chinese Wall’ and does not represent the views of Goldman Sachs as a firm ... It would be inappropriate for our municipal banking department, which works with municipalities on underwriting assignments, to be involved in the generation of such material or to influence the people producing it.
was said
in ProPublica
Back when we filed to do an IPO, Citibank was trading at $50, Goldman Sachs was at $150 or something.
was said
in Reuters
Quotes from articles mentioning Goldman Sachs
We’ve seen the worst, I think ... But there’s no way of knowing. You won’t know we’ve hit bottom until you look back.
said Lloyd Blankfein
