Calculated Risk: Percent Job Losses During Recessions, aligned at Bottom
Stunning
business
Right or Wrong? Part Deux
Right or Wrong?
BBC News – Insulin giant pulls medicine from Greece over price cut
Before you formulate an opinion, make sure to read the last sentence in this article.
By way of compensation, he said the company would make available an insulin product called glucagen, free of charge.
Watch Listen & Learn 5/29/10
HT Barry Ritholtz.
This video is almost 11 minutes long but is worth watching. What really motivates us.
(Sobering) Thought for Today – 5/28/10
The New Republic: Reality For The Unemployed : NPR
Of the 908-person sample, 67 percent remained unemployed but were still looking for work, and an additional 12 percent had given up and dropped out of the labor force. Only 21 percent had found jobs (only 13 percent full-time) and were currently employed. A stunning 28 percent of the newly reemployed had been looking for work for more than one year, and 6 percent for more than two years. Fifty-five percent accepted a pay cut in their new jobs; 13 percent took a cut larger than one-third of their previous salary.
Women (26 percent newly employed) did somewhat better than men (18 percent). Surprisingly, young adults (29 percent newly employed) did better than 30 to 49-year olds (21 percent). Not surprisingly, this is a terrible time to be over 50 and out of work: Only 12 percent of these older workers had managed to find jobs.
Less is More
For Real Productivity, Less is Truly More – The Conversation – Harvard Business Review
The way we’re working isn’t working — for employees or for their employers. There is a better way to fuel productivity and high performance. The first key to changing the way we work is recognizing that the value of those you manage isn’t generated by the number of hours they work, but rather by how much value they produce during the hours we are working. Working longer hours, juggling more tasks and answering more emails isn’t the solution.
S&P Rating Downgrades
Update: S&P warns on commercial real estate – Street Sweep: Fortune’s Wall Street Blog
Standard & Poor’s downgraded three insurance companies, including Principal Financial (PFG), citing expected losses on commercial mortgages and commercial mortgage-backed securities, or CMBS.
No Jobs = Strategy
The Strategic Imperative Not to Hire Anybody – The Conversation – Harvard Business Review
While companies may be doing the strategically correct thing by refusing to hire, the collective result is, of course, a catastrophe. Corporations may have concluded that they can grow profits without adding to their ranks, but meanwhile the proportion of the work force un- or underemployed approaches 20%.
The Productivity Myth
The Productivity Myth – The Conversation – Harvard Business Review
Read this article and formulate your own opinion.
(Psst.. I agree with the author)
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