employment

The Business of Wall Street

If you don’t mind working hard—and partying even harder—why not get a business degree, take a couple of state and federal tests, and become a Wall Street trader?
These are the people who are the current crop of Gordon Gekkos—you know, the pretend-fictional character portrayed by Michael Douglas in Wall Street. The men spend thousands of dollars on suits, ties, and cocaine. The women spend thousands just to own a closet of Jimmy Choo shoes.
But their existence is shrouded by a coop they call an office or cubicle. Their tools are multiple phone lines and computer screens.

Syriza: Plunder, Pillage, and Prostration

Greece has been in the headlines of the world’s financial press for the past five months, as a newly elected leftist party, ‘Syriza’, which ostensibly opposes so-called ‘austerity measures’, faces off against the “Troika” (International Monetary Fund, the European Commission and European Central Bank).
Early on, the Syriza leadership, headed by Alexis Tsipras, adopted several strategic positions with fatal consequences – in terms of implementing their electoral promises to raise living standards, end vassalage to the ‘Troika’ and pursue an independent foreign policy.

Driver-less Vehicles Have a Huge Downside

Many people are excited about the prospect of having a self-driven car. They envision sitting comfortably in the vehicle, reading their paper, or catching up on work.
Experts are telling us that there will be millions of fewer road deaths and, once the technology is developed, probably big financial savings.
At first glance, it sounds great, and after a long period of adjustment, it no doubt will mean big gains for us all.

Commencement Graduation and Employment Prospects

Is it worth going to college to secure viable employment? Once, the future looked bright, for students earning a university degree and selecting from various offers from employers. Today the mere notion that such a question can and should be asked illustrates that the American economy has greatly transitioned into a very insecure and tenuous career opportunity society. When the lack of employment realities drives job seekers to leave the search for rewarding positions that offer a chance for a path to attaining middle class aspirations, the entire labor equation needs to be rethought.

Middle Class? What Middle Class?

A complex class system exists in the United States, but the mass media and political rhetoric generally reduces it to three components — one middle class, and two economic generalizations — rich and the poor. Indeed the term “class” itself, as a means of defining the economic and social status of the population, has been fading away. There are, of course, a number of other classes, particularly the all-important capitalist class.

Economic Disinformation Keeps Financial Markets Up

May 8. Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are.
Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe these are home and building repairs and remodeling.
The rest of the jobs, 182,000, are in domestic services.
Despite store closings and weak retail sales, 12,000 people were hired in retail trade.