Sunday, July 22, 2018

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Since the financial crisis of 2007-2008, the economy has yet to fully recover. Unemployment rates spiked with around 10 percent being unemployed and have steadily decreased to just under 7 percent in these past 5 years.

While the economy seemed to be on an uphill trend in 2013, these past two months have provided a weak outlook for the job market.

Current Outlook

The US economy added 113,000 jobs in January, according to the government. While that is an improvement from December’s 74,000 jobs, the slowest pace in the past three years, 184,00 jobs were expected to be added... Read More

What's different is that Sochi tournament is three times more expensive than all previous games combined. Latest jokes say next competition would be held in one of oil rich countries in Persian Gulf with average temperatures in high nineties and mountains built indoors. Let's give Russians a chance and don't be nasty in comments.

I honestly think people of Russia would vote for the organization of the event they were asked for their opinion. After all what people constantly want since ancient times is bread and circuses. Bread symbolizing desire for goods is hard to provide since people... Read More

Last night started out like every other State of the Union address I’ve seen…

The President told us all the good stuff about the U.S. economy, like how American corporate profits are at a record high, how the stock market is at record highs, how millions of new jobs have been created since the Credit Crisis of 2008, how the housing market is turning around, and on and on.

Like a good old politician, Obama spun the facts to give the viewer the impression his Administration has done a great job at turning the U.S. economy around.

What Obama, who now has a very low 43%... Read More

In New York last week, 1,500 people lined up for 50 apprenticeship positions as painters and decorators. These are union jobs, and only 500 applications are being accepted. Some hopefuls lined up in front of the District Council 9 office for days in extremely cold weather. If they are able to get the job, they will receive $17.20 an hour during the first year. After one year, they may get hired as a full-time employee. (Source: Eyewitness News, January 10, 2014.) This equates to about $37,000 per year considering one would work 40 hours a week.

Hold on a second: I thought the... Read More

It used to be that a job was for life – you left school or college and joined a company, grew your career there, and remained until you retired. However, this is no longer the case – and it hasn’t been for a long time. For example, the US Bureau of Labor Statistics reported back in 2007 that the average young baby boomer held no less than 10.5 jobs on average between the ages of 18 and 40.

Of course, some of that churn is because people are laid off or move to other companies to do essentially the same job. However, career change is still the norm today – for instance, a survey carried... Read More

GM announced today that Mary Barra, the company’s current executive vice president of global product development and purchasing will replace Dan Akerson as CEO on January 15 2014. Mr Akerson had already announced his retirement a few months back, after his wife was recently diagnosed with an advance stage of cancer. “Sometimes life throws you a curve ball and I need to spend all my time with my wife fighting this disease,” he said in a statement. The change is part of the company’s recent management shuffle that included the appointment of former Cummins Inc executive Theodore Solso as board... Read More

It used to be that if you put your cash into a savings account or a certificate of deposit, you would get a relatively good rate of interest that kept up with the rate of inflation and left you a little more besides. However, since the financial crisis of 2008, interest rates have been at historic lows and these just don’t cut it anymore. While experienced investors such as Hexagon President Scott Reiman will tell you that you shouldn’t take excessive risks unless you can afford to lose the money, there still has to be a way of making more than 1% a year. Fortunately, there is.

... Read More

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