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Contracts Labor Unions

  • It is the season for economic forecasts, and I have been polled by several published surveys. Here is my response.

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    Forgive me, job search candidates, for I have sinned. It’s been 20+ years since my last confession. I ran recruiting efforts for Fortune 500 firms that included Citigroup, Warner-Lambert, and most recently Merrill Lynch and during that time, I committed many sins. I seek atonement through this article.

  • The trade deficit, along with the credit and housing bubbles, were the principal causes of the Great Recession. Now, a rising trade deficit and continued weakness among regional banks, still burdened by bad loans, threatens to stifle the emerging recovery and keep unemployment near 10 percent through 2011.

  • Chinese workers assemble electronic components at the Taiwanese technology giant Foxconn's factory in Shenzhen.

    Labor protests that have forced shutdowns at overseas-owned factories in China have spread beyond the country’s southern industrial heartland, posing a dangerous new challenge for Beijing. The FT reports.

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    Government job data doesn't show a lot of fulltime job growth but it is showing a steady trend of temporary hiring—and has since that number turned positive in October.

  • Going green has made sense for many companies in the past years, and the proven benefit to the bottom line has begun to sink in gradually as companies battle tarnished reputations (BP, Goldman Sachs) and distrust in the marketplace. Suddenly, sustainability and going green are popular.

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    Democratic capitalism is not flawed. Rather, government policymakers are destroying a system that took mankind from dark feudal superstitions to cracking the secrets of life with deceptions, delusions and abuse.

  • The match ball for the opening World Cup fixture between South Africa and Mexico.

    I'll admit it: I've got World Cup fever already. The quadrennial tournament kicks off on Friday, and I'm adrift in a sea of speculation with fellow soccer-minded colleagues.

  • President Barack Obama

    Either Barak Obama fixes what’s broken in the economy, or he will be remembered for spending his entire first term blaming George Bush.

  • The jobs numbers were lousy (as we predicted). The Administration’s solution is small business tax cuts. While this is a good idea in the long haul, it is not a solution to the short term problem. Simple logic says you don’t hire a worker or invest in a piece of equipment that doesn’t pay for itself. 

  • Job Losses

    If the economy keeps growing at 3 percent the balance of 2010, demand for new capacity—improved rental housing, better located new homes, and commercial construction for retail and factory improvements—should accelerate in 2011.

  • Unemployment

    Unemployment is expected to only fall to 9.8 percent from 9.9 in April, because many sidelined adults, sensing improved conditions, started looking for work. The big challenge is to keep GDP growing at least 3 percent to pull down unemployment.

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    In the last few weeks, a flurry of our coaching clients have gotten jobs. There is no industry connection—financial services, media, digital strategy, healthcare, academia. There is no functional connection—the roles have been entry-level to executive and spanning sales, HR, marketing, research, and communications.

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    It’s no secret that bonuses are a strong component of overall compensation structure for many senior managers. How these are calculated varies from company to company, but for the most part, they are based on a select number of key performance indicators (KPI).

  • Euro coins

    Once upon a time, the European Economic Community-remember that quaint post-World War II institution-thrived without a single currency. A larger European Union can again, but it needs to jettison the fantasy that the benefits of capitalism can be accomplished without adequate incentives to work hard and invest.

  • The Parthenon in Greece

    The next financial Tsunami is emerging and will ripple to America, just as our mortgage debacle gave Europe fits.

  • Help Wanted

    As a former recruiter, I will be the first person to recommend against cold calling a recruiter. In addition, those job postings say, “No phone calls, please” for a reason – calling to follow up on your application is not a good use of time. However, does that mean you should never cold call in your job search?

  • British Airways planes parked at Heathrow Airport in London, Wednesday Aug. 1, 2007. A British regulator on Wednesday fined British Airways 121.5 million pounds (US$ 246 million; euro 180 million) after the airline admitted colluding with a rival over surcharges on long-haul flights. BA said it accepted the fine from the Office of Fair Trading and expected to be hit with another penalty from the U.S. Department of Justice later in the day. (AP Photo/Kirsty Wigglesworth)

    Thousands of British Airways cabin crew began a five-day strike Monday, though the airline claimed it will still be able to carry 70 percent of passengers who have booked flights.

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    As the Flash Crash in U.S. equity markets May 6 illustrated, problems in Greece can have grave consequences for not merely other Mediterranean economies and Europe, but U.S. and the broader global economy.

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    I hate meetings. Everyone gets together in a room, and suddenly someone wants to turn it into a social hour. Others like to hear themselves pontificate. It's human nature when you're meeting face to face—the cadence of required pleasantries, the necessary warm up before FINALLY getting to the point, the public comment period which no one seems willing to end, the always-too-long wind down.