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
I’m blessed to be able to travel to Europe once or twice a year. I use the trips as an opportunity to see how the economies are faring over there. And I can tell you this first-hand: the economic situation in Europe is much worse than what we’re hearing from the mainstream media in the U.S. economy.
Here’s just one small story that paints the picture…
A couple of weeks back, while in Venice for four days, I walked into my favorite ice cream store for my daily fix of Italian ice cream. I’m chatty wherever I travel, as I want to get the locals talking so I learn what’s going... Read More
This morning, we heard from the Bureau of Labor Statistics (BLS) about the jobs market situation in the U.S. economy. It said the unemployment rate in the U.S. was 7.3% in October, compared to 7.2% in September. In October, 204,000 jobs were added to the U.S. economy. (Source: Bureau of Labor Statistics, November 8, 2013.)
Finally, a month in which more than 200,000 jobs were created! But not so fast…
The underemployment rate (which includes people who have given up looking for work and people who have part-time jobs but want full-time jobs) actually jumped in October to... Read More
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Excellent tips, I wish more student could read them. Too many young guys and girls fail to choose the right path. I mean there are no 'wrong' careers. However, some may pick something that doesn't suit them. To avoid misery, one should take time to consider...
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Yes, students who are working is a wide-spread phenomenon. The reasons why they are searching for a job are different but the main one is the money. I read an interesting article at http://www.business2community.com/human-resources/9-tips-get-hired-recent-graduate-01319175...