It should be noted that unemployment “stabilized” in November and if the trend continues, we should see the rebound starting to take place. Lawrence H. Summers, President Obama’s top economic advisor, predicted on Sunday that by the spring the ranks of working Americans will start to grow once again. via Summers Predicts Job Growth by [...]
Job Drought in U.S. May Be Near End as Temporary Help, Working Hours Surge — The worst U.S. employment slump in the post-World War II era may be about to end as companies hasten to hire temporary workers and boost hours, according to economists such as John Ryding and Zach Pandl. [Bloomberg] G.E. Makes It [...]
In the strongest jobs report since the recession began two years ago, the nation’s employers all but stopped shedding jobs in November, the government reported on Friday, and they appeared to be on the verge of finally rebuilding the work force. photo credit: pfala
photo credit: J0nB0n The man who popularized the Web browser has started a venture capital fund to back the next generation of new technologies. Marc Andreessen, who co-founded Netscape, is announcing on Monday that he and Ben Horowitz, a longtime business associate, have raised $300 million that they intend to invest in technology companies. The [...]
There may be reason for concern. Students who enter the job market during a recession can see their wages lag behind comparable students who graduated in better times for as long as 15 years, according to a recent study by Lisa B. Kahn, an economist at the Yale School of Management. [via NY Times]
Really interesting article from Deloitte’s Lang Davison about the “problem” with traditional business metrics. Relates back to the Shift Index I spoke about earlier. During a steep recession, managers obsess over short-term performance goals such as cost cutting, sales, and market share growth. Meanwhile, economists chart data like GDP growth, unemployment levels, and balance-of-trade shifts [...]
Your attitude is one of the most powerful tools in your professional arsenal. How you choose to interact with people will ultimately govern how well you can do your job. And there are two things you control there: the circle of people with whom you interact, and how you talk (write, etc) to them. I [...]
THE human side of the recession, in the new media genre that’s been called “recession porn,” is the story of an incremental descent from excess to frugality, from ease to austerity. The super-rich give up their personal jets; the upper middle class cut back on private Pilates classes; the merely middle class forgo vacations and [...]
“Proper diversification leads to the removal of unsystematic risk from a portfolio of securities. Only systematic (market) risk matters to a firm with a diversified portfolio.” Professor Steve Buell, Summer Lecture on Risk and Uncertainty Lehigh University