Archive for the 'Economy' Category
The Scariest Job Chart Ever Just Got Even Scarier
June 6th, 2010Via: Business Insider: Check out the two red lines at the bottom. The solid one includes Census hiring, while the dotted line doesn’t include it. What’s clear is that while we still have a rebound including Census hiring, we’re already flattening out on the dotted line. This is a shape not seen on the other […]
Companies Now Requiring Job Applicants to Already Have a Job
June 6th, 2010Via Huffington Post: Still waiting for a response to the 300 resumés you sent out last month? Bad news: Some companies are ignoring all unemployed applicants. In a current job posting on The People Place, a job recruiting website for the telecommunications, aerospace/defense and engineering industries, an anonymous electronics company in Angleton, Texas, advertises for […]
Hungary Close to Default
June 4th, 2010Euro wreck continues, now trading below $1.20. Via: Bloomberg: Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy. The cost of insuring against losses on Hungarian sovereign debt rose 63 basis […]
Investment Firms Grab Stock Data First, and Use It Seconds Before Others
June 4th, 2010This is an easy to understand piece about high frequency trading. Via: Wall Street Journal: Some fast-moving computer-driven investment firms are getting an edge by trading on market data before it gets to other investors, according to market players and researchers who have studied the trading. The firms gain that advantage by buying data from […]
France: Possible Link Between Arms Sales and Political Campaign Funds; Sarkozy Allegedly Involved
June 4th, 2010Via: BBC: French opposition MPs have called on President Nicolas Sarkozy to give details of any links to suspected commissions on arms deals allegedly used to fund political campaigns. The calls follow a report from Luxembourg police alleging Mr Sarkozy approved the creation of firms which received money from the commissions. They allegedly financed then […]
Universities Are Offering Doctorates but Few Jobs
June 4th, 2010Via: Los Angeles Times: Graduates frustrated by the lack of tenure-track positions available amid budget cuts are looking off campus. Many find work that wouldn’t have cost them years in school or put them deep in debt. As they walk in hooded robes to the strains of “Pomp and Circumstance,” many students getting their doctorates […]
BP Puts Containment Cap on Gushing Gulf Well Pipe
June 4th, 2010This seems like good news, but all we really have to go on is what BP and the government are saying. CNN reports, “Early Friday morning a non-stop cloud of oil was still spewing from the pipe.” Via: Reuters: After failing days ago to plug the well, BP Plc managed on Thursday to shear away […]
National Debt Tops $13 Trillion For First Time
June 4th, 2010Via: CBS News: The National Debt topped $13-trillion for the first time in U.S. history – reflecting the surge in government spending that will push the Debt to increasing highs through the rest of the decade. Posted on the Treasury Department website this afternoon, the National Debt hit $13,050,826,460,886.97 as of June 1st. Tallied against […]
Bilderberg 2010: Plutocracy with Palm Trees
June 4th, 2010Via: Guardian: Another year, another Bilderberg. The first “participants” (as the delegates are known) won’t be arriving until Thursday, but already the Hotel Dolce in Sitges is buzzing with anticipation. This Catalan seaside town hasn’t hosted an event as large and politically sensitive as Bilderberg since the legendary 2008 Foam Party at the Mr Gay […]
Woman Goes Nearly $100,000 Into Debt to Get Liberal Arts Degree; Financially Screws Herself for Life
June 3rd, 2010Bubbles, bubbles and more bubbles. Via: New York Times: How many people are like her? According to the College Board’s Trends in Student Aid study, 10 percent of people who graduated in 2007-8 with student loans had borrowed $40,000 or more. The median debt for bachelor’s degree recipients who borrowed while attending private, nonprofit colleges […]
