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Tag Archives: economy
The Skinny On Recovery
Tricks are for kids and Republicans. Here’s the real deal on the effects of the American Reinvestment and Recovery Act signed by President Obama. They say a picture is worth a thousand words but I only need one for this: wow.
Tagged American Reinvestment and Recovery Act, economics, economy, federal stiumulus, recession, stimulus
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I’m Guessing They Liked Him Then..
Der Spiegel: Obama’s confession may go down in world history as one of the greatest statements ever made. The US president is accepting responsibility for the beginning of one of the worst economic crises of the last century. By doing so, he has admitted that one of the excesses of the American way of life — the insatiable craving for huge profits — has brought the world to the brink of disaster. The others may have played their part, but the origins lie in the US. The fact that Obama has now admitted this sends a strong signal of hope to the world, perhaps the strongest to emerge from the G-20 summit in London last Wednesday and Thursday. Such an … More >>
Tagged economy, g20, germany, obama
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Unemployment Hits 7% in NY
651,000 jobs lost in February nation-wide . The scoop on how we’re faring here in NY : ALBANY – New York’s seasonally adjusted unemployment rate stood at 7 percent in January, up from 4.7 percent a year earlier The state Labor Department previously reported that the unemployment rate in December 2008 was 7 percent, but end-of-year revisions dropped it to 6.6 percent. January’s rate in New York City was 7.3 percent – a slight increase from 7.2 the previous month and up from 5.3 in January 2008. The highest rate – 11.7 percent – was in Lewis County. Tompkins County had the lowest rate, at 5.6 percent, an increase from 4 percent in January 2008. The latest statistics come as … More >>
Tagged economy
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Brace Yourselves
Compelling anecdote from a professional resume writer about the continuing flood of highly qualified yet suddenly unemployed Americans… I’ve interviewed dozens of job seekers in the past couple of months, from the recently laid off Starbucks store manager to vice presidents of Fortune 1000 companies. Some are seeking their first resume in a decade. Some want to replace two part-time jobs with one full-time job with benefits. I can usually tell when a company is about to announce layoffs because their managers start calling a couple weeks ahead of time. Almost every one tells me that they’re not getting calls back, despite having great credentials. Read the Rest (Daily Dish)
Tagged economy, recession
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