Category Archives: TidbitsGovernor Schwarzenegger (Ca.) has come up with an ingenius plan whose only purpose must be to remind us that he’s only acting smart. His new executive order (currently in draft) will cut the hourly pay of 200,000 state workers to $6.55. This rate is equivalent to the federal minimum wage, $1.45 less than California’s state [...]
“The Decider” finally decided to support the new $300B housing rescue bill. The bill is actually an attempt at bailing out and reigning in Fannie Mae and Freddie Mac, the mortgage giants that back or own $5 trillion in U.S. mortgages — nearly half the nation’s total.
While that’s a worthy enough goal (since not doing [...]
It’s like a bad game show category–Things That Are Losing Value Fast. Stocks, home values, the U.S. dollar are all becoming big paper weights, worthless. Now, you can add your college degree to the list.
Don’t get me wrong. I am not telling you to forget about getting or finishing your college degree; I’m telling you [...]
There were 3,795,400 jobs posted online last month. That’s 2.5 jobs posted for every 100 persons in the labor force.
(Source: The Conference Board Help-Wanted OnLine Data Seriesâ„¢)
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Whoa! That’s all I had to say when I saw today’s May Job Report. Scary! According to the Department of Labor’s Bureau of Labor Statistics, the unemployment rate barreled to a startling 5.5%, the highest month-over-month gain we’ve seen since 1986.
Just last month the unemployment rate was 5% and we were trying to [...]
Everyone’s scrambling to find new business ideas. So much of what’s dependably worked in the past is not working now (It’s a cold day when GE can’t sell a fridge). And, there’s no money to test and tune even a good business idea.
But what is a good business idea? How long is it good [...]
Today I engaged in an activity to which I thought I’d never resort. To the naked eye it might have appeared that I was eavesdropping on someone else’s conversation, and then subsequently inserting myself into their conversation.
OK, that’s exactly what I did.  But, there was a bit more to it. I was eavesdropping…with a purpose.
You [...]
I generally write about my clients’ concerns, but today’s post focuses on my family’s business, a 32 year-old facility management firm. My parent’s business has fared better than expected during the economic downturn. They’ve had a couple of clients request lower rates. They’ve had to ask clients to pay higher rates to [...]
Weirdly enough, in the midst of all the job losses, the business closures and the foreclosures there is a bit of good news about the wage gap. No, the gap hasn’t closed; women still earn about 70 cents for every one dollar men earn. They may not have parity, but women are actually getting even.
You [...]
While American MBA grads are struggling to wrap their brains around their new, lower-paying reality, grads of Indian MBA programs are raking in the dough–U.S. economic recession be damned.
Starting salaries for MBAs from Indian B-schools are up 20% to 22%, while starting salaries for their U.S. counterparts are down 10%-15% from their pre-recession highs.
At the [...]
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