The New York Times featured an interesting article in today’s paper spotting a trend that more college graduates and corporate professionals are flocking to China in search of greener pasteurs for their careers.
The New York Times featured an interesting article in today’s paper spotting a trend that more college graduates and corporate professionals are flocking to China in search of greener pasteurs for their careers.
Though you haven’t started hearing much about it yet in the MSM, there really are ‘gilmmers of hope’ on the economic horizon as President Obama’s aggressive stimulus and economic recovery agenda kicks into gear. Recent economic data is beginning to paint a bright pciture for recovery end of 09, into 2010.
In the face of what appears as Wall Street returning to status quo business as usual, a brief discussion of two recent developments in public attitudes about the precipitators of the current global financial crisis indicating that voters want more aggressive government action in regulating the Titans of Wall Street.
Morgan Stanley re-pays Federal government +20% annualized return TARP bail-out funds.
The Wall Street Journal is reporting, based on unnamed sources, that the Obama administration’s top regulators are resisting the ‘New Financial Foundations’ regulatory reform plan written and proposed by U.S. Treasury Timothy A. Geithner, and the President’s White House Economic Advisor, Lawrence Summers. In attendance were Federal Reserve chairman Ben Bernanke, Federal Deposit Insurance Corp. […]
BUT now these companies, solely in the name of corporate profitability, reciprocate neither their loyalty, nor duty to Americans to be good corporate citizens. Here we have a case in point about GE methodically shipping their entire energy efficient lighting manufacturing operation out of Ohio to China with the primary reason being given as lower labor costs.
Hosted by the Obama Administration, the U.S. and China are holding two-days of top-level bi-lateral talks in Washington, D.C. this week. The talks are being held Mon-Tues, July 27-28th and will cover a broad range of economic, national security, diplomatic, energy and environmental issues. China sent a 150-man delegation led by State Councilor Dai Bingguo […]
Distinguished MIT professor Andrew W. Lo and private sector Research Analyst Jasmina Hasahodzic interviewed thirteen highly successful, award-winning market professionals who credit their investment acumen and success to technical analysis.
Goldman Sachs Group Inc.’s repayments to the government of last year’s bailout money, including an agreement today to repay warrants, generated a 23 percent annualized return for U.S. taxpayers.
What this all means is that the problem of macho run amok and the excessively over-compensated male ethos of ‘macho’ aggression and propensity for risk-taking is now giving way to the male unemployed and undirected—a different but possibly just as destructive phenomenon. Long periods of unemployment are a strong predictor of heavy drinking, especially for men ages 27 to 35, a study in Social Science & Medicine found last year. And the macho losers of globalization can forget about marrying: “Among the workers who disproportionately see their jobs moving overseas or disappearing into computer chips,” says sociologist Andrew Cherlin, “we’ll see fewer young adults who think they can marry.” So the disciplining effects of marriage for young men will continue to fade.
Surly, lonely, and hard-drinking men, who feel as though they have been rendered historically obsolete, and who long for lost identities of macho, are already common in ravaged post-industrial landscapes across the world, from America’s Rust Belt to the post-Soviet wreckage of Vladimir Putin’s Russia to the megalopolises of the Middle East. If this recession has any staying power, and most believe it does, the massive psychic trauma will spread like an inkblot. How will this shift to the post-macho world unfold? And what will be its legacy in the world of 21st century capitalism and the global economy..??
The book highlights the people who’ve done everything “right” — college degrees, often ivy-educated, developed marketable skills, with impressive track-records — yet, they’ve become repeatedly vulnerable to the seemingly never-ending string of Wall Street scandals, economic “crises,” eviscerating mergers & acquisitions, and your basic business cycle. Further, today’s globally competitive corporations take pride in shedding their “surplus” employees (i.e., downsizing) or by increasing corporate profit margins by shipping technology and call center jobs overseas into lower labor cost markets like India or the Philippines where they don’t have to pay for healthcare, retirement or vacation benefits for workers. Inevitably, this plunges white collar employees into months or even years at a stretch into the twilight zone of white-collar unemployment where a job search itself becomes a full-time occupation; and not to mention the underlying risk to this prime driver of the U.S. economy.
RealClearMarkets.com is among my favorite sites while on the go or in a hurry for a one-stop-shop solution for Market-related news, analysis, commentary and insights.
As the 2009 G-8 Summit of the worlds seven welathiest nations draw near, 8-10 July in L’Aquila, IT we provide a quick run-down of the primary items on the docket.
Americans are a stubborn lot. We resist change and even the most minor of inconveniences. And I suspect the newly emerging ‘Cap & Trade’ schemes under the American Clean Energy & Security Act — also known as the Waxman-Markey bill — just passed in the House, and now being hotly debated in the Senate, will […]