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Friday, December 15, 2017

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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.

Image... Read More

The past decade can certainly be described as Detroit's worst nightmare, the city went through home foreclosures, a shrinking population an increasing crime rate and a very personal matter. The collapse of the american auto industry! While General Motors was eventually saved by the U.S. Government and Ford managed to get away with a black eye, Chrysler wasn't so lucky! The brand was practically bought by multinational automaker FIAT. The Italian auto-giant is now the majority shareholder and therefore eligible to make crucial decisions, concerning the brand's marketing strategy and model lineup.... Read More

It was a regular flight for me to Miami…a late Saturday afternoon two weeks ago. As our flight approached Miami International Airport, the captain announced we would soon be starting our descent.

Then something happened that I thought was strange.

We started circling in the air. Not once or twice, which is common when air traffic gets congested, but we circled for what seemed to be 20 to 30 minutes. I told my wife, “Something is up. I wish the captain would come back on and tell us what’s going on.”

And finally that announcement came. The captain came on and said,... Read More

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