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Every political pundit, economist and writer is trying to capitalize on the economic challenges that the majority of Americans are facing today. There are articles and books on how to mitigate your risk, how to recapture your market losses, how to market yourself in one of the toughest employment periods in recent history. [...]
Not since 1941 has California hit such a high unemployment number. If you had money, now would be a great time to buy up properties, stocks, artwork…if you had money. But in addition to the 11.2% on the dole rolls, there are another few percentage points of the unemployed who don’t show up [...]
Yesterday, about half a dozen readers sent me an article from the LA Times on how the job market is especially tough for the older worker. Receiving an enormous amount of emails over the past several years from over 50 jobseekers at their wits’ end over trying to find a job…well, it wasn’t [...]
The fact that I’m old enough to remember watching my friends lose homes in the mid-eighties is scary enough. But I wasn’t old enough then to understand global economic impact as I do now. There are currently about 25 million Americans out of work and looking for work. That is almost the population [...]
Times are SO tough. I get a lot of emails and questions from Boomers and 50 Plussers who, literally, are down to the pennies in the cookie jar in order to put food on the family table. I got a question yesterday that got to me. Not because it is any different than [...]
It is tough to blog consistently. Like any writer, you have days of inspiration, where you don’t have enough time to write all the things you want to say…and then…like any writer, you have days with total, unwavering, heart-rending writer’s block. It’s never that I don’t have something to say. I can always [...]
Unemployment in California has hit 9%. That is just plain bad. So I can’t understand why so many politicians are trying to put the brakes on Obama’s stimulus package. At the Democratic caucus, Obama reiterated the point of a stimulus package …to…spend money to create jobs. And with so much money going toward infrastructure rebuilding, I can’t [...]
Globally, many countries are having to take stake in life-blood companies — in the US, banks like Bank of America, Citibank; in the auto industry, Chrysler and GM — and, well, you’ve read the news. The more money that gets infused into the failing businesses, the more nationalization will be taking place. As [...]
Amidst another day of layoff announcements (almost 72,000 announced today, Bloody Monday)– Home Depot, Nextel/Sprint, Caterpillar (!),Deere, ING, just to name a few, I received a letter that caught my attention.
A few months before the bottom fell out of the economic world, AIG Direct had acquired 21st Century Insurance. Since I’m a [...] With markets imploding, 50 plussers are losing jobs by the droves while seeing their nest eggs devastated. When I think of the economic journey we are faced with, regardless of demographic, and the responsibility that is laying on Barack Obama’s shoulders, I get the image of the mythological Greek Sisyphus endlessly pushing the [...]
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