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Businesses Fear Another Hurricane: The Fiscal Cliff
Tweet Share on Facebook August 31, 2012 CommentJohn Kane is a Job Creators Alliance member and the Founder, Chairman and CEO of the Kane Realty Corporation, a leading East Coast property development company based in Raleigh, N.C.
The economy is in bad shape. And most Americans—six out of 10, in fact—say it's getting worse. Even more shocking, according to Gallup, "Americans have been more likely to say the economy is getting worse than to say it is getting better in every weekly average since Gallup began tracking these measures in January 2008." Basically, it's not getting any better.
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Washington Doesn't Need Compromise, It Needs Creativity
Tweet Share on Facebook August 31, 2012 CommentJeff Weiss is an adjunct professor of Business Administration at Dartmouth's Tuck School of Business and a partner at Vantage Partners, LLC.
It's not about compromise. In fact, framing it that way creates the very problem we see in business every day.
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Report: In Tough Job Market, Workers Reluctant to Take Sick Leave
Tweet Share on Facebook August 29, 2012 CommentEileen Appelbaum is a senior economist at the Center for Economic and Policy Research.
The recession may have ended in June 2009, but for the 12.9 million workers who were laid off in the past three years, times have been tough. About half these (6.1 million people) were experienced workers who had worked for their employer for 3 or more years when they were let go. A report from the U.S. Department of Labor released this week documents just how difficult it has been for these workers, despite their long tenure with their former employer, to find new jobs and suggests why those still on the job are reluctant to take time they need when they're sick.
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Forget China—Let's Be More Like America Again
Tweet Share on Facebook August 28, 2012 CommentMike Leven is the President and Chief Operating Officer of the Las Vegas Sands Corporation and Job Creators Alliance member.
It's a great scene from the movie Sunset Boulevard. William Holden, playing an unemployed screenwriter, stumbles into a woman's mansion while attempting to avoid some bill collectors. They make some small talk, and Holden realizes he's seen the woman before.
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Public High Schools Are Not Doing Their Jobs
Tweet Share on Facebook August 28, 2012 CommentJames R. Harrigan is a fellow of the Institute for Political Economy at Utah State University. Antony Davies is associate professor of economics at Duquesne University and an affiliated senior scholar at the Mercatus Center.
With the start of the new academic year, results from last year's ACT college admissions tests have been made public, and the results are disturbing. The incoming freshman class is woefully unprepared for college. The class of 2016, as a group, failed all four subjects the test assesses: English, math, reading, and science. According to ACT, only 25 percent of students are proficient in all four subjects. Sixty percent came up short in two of the four subject areas, while more than 25 percent failed to demonstrate proficiency in any subject at all. If the point of high school is to prepare students for college, high schools are clearly failing. Unfortunately, this doesn't stop the undereducated masses from heading off to the ivory tower each year.
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Repeal of Glass-Steagall Caused the Financial Crisis
Tweet Share on Facebook August 27, 2012 CommentJames Rickards is a hedge fund manager in New York City and the author of Currency Wars: The Making of the Next Global Crisis from Portfolio/Penguin. Follow him on Twitter at @JamesGRickards.
The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and the financial crisis. The big bank boosters and analysts who should know better are repeating the falsehood that repeal of Glass-Steagall had nothing to do with the Panic of 2008.
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How to Make the Most of LinkedIn
Tweet Share on Facebook August 27, 2012 CommentAccording to the latest figures compiled by the Bureau of Labor Statistics, the unemployment rate has been consistent throughout 2012 at 8.3 percent, with the number of unemployed people at 12.8 million. Yet there are only 3.8 million reported job openings, meaning that roughly one third of the unemployed have a chance at getting a job.
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Report Gives New Insight in the Decline of the Middle Class
Tweet Share on Facebook August 25, 2012 CommentEileen Appelbaum, Senior Economist, Center for Economic and Policy Research
The recently released 2012 Organisation for Economic Co-operation and Development Employment Outlook provides new insights into the decline of the middle class. The report documents the global shift from labor income to profits. Across the Organisation for Economic Co-operation and Development, known as OECD, the share of income going to wages, salaries, and benefits—labor's share—declined over the last 20 years. The median labor share in OECD countries fell from 66.1 percent to 61.7 percent of national income. However, the decline in labor compensation was not equally shared by all employees; the wage share of top income earners increased while low-paid workers were hardest hit. On average, the wage share of the top 1 percent of income earners increased by 20 percent over the past two decades.
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How Government-Fueled Economic Uncertainty Costs Jobs
Tweet Share on Facebook August 24, 2012 CommentRonald Lazof is managing director of Prism Advisers, LLC and a Job Creators Alliance member.
The true cost of uncertainty in job losses (or those not created or saved) is astronomical. Job creators are faced with risk and the unknown everyday of their working lives. Not only must they learn to deal with the stress, but many, in fact, welcome the risk, because it is also a measure of the potential for gain and profit.
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Put the Federal Government on Autopilot to Solve Deficit Crisis
Tweet Share on Facebook August 24, 2012 CommentDavid Brodwin is a cofounder and board member of American Sustainable Business Council. Follow him on Twitter at @davidbrodwin.
Wednesday, the nonpartisan Congressional Budget Office, known as the CBO, waved a red flag about the looming "fiscal cliff." The cliff is a combination of tax increases and mandated cuts to federal spending that we will reach in 2013. If we run off the cliff, says the CBO, 2 million people will lose their jobs.
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