Blogs

The Lowdown on High Tech Job Hunting

Technology has certainly gone main stream. But the millions of people using the internet to find their next job should do so with caution.

The internet is the perfect tool to put your name out to the professional world. Sites such as Yahoo Hot Jobs or Monster can electronically submit your resume to hundreds of potential employers. And various networking sites are popping up every day.

Kathleen O’Donnell is a regional Vice President for Robert Half international, a professional consulting and staffing firm. She encourages clients to use the internet to its full potential.  read more »

"Are the Lessons of History Missing in the Bailout and Stimulus Plans?"

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I just received a very timely comment on my recent blog titled “Talking up Unemployment”; where I criticized politicians for targeting junkets to Las Vegas and private plane travel as inappropriate for corporations that take taxpayer money. The fallout from such rhetoric has been devastating to the travel industry.

The response from a reader stated, “I am sick of Obama's rhetoric and could not agree with you more. The ‘stimulus’ package has close to $200B in increased welfare benefits - that support keeping people unemployed longer. (Food stamps, extending direct welfare payments and health insurance, etc). Corporations’ spending money is a better way to feed the economy (sc.) than taxpayer money.”  read more »

Talking Up Unemployment

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Are you as angry as I am about all the rhetoric being spouted by politicians who seem to be saying that taking “corporate junkets” to cities such as Las Vegas is somehow the wrong thing to do right now. And if you take a corporate jet anywhere you are wasting taxpayer or stockholder money.

Even President Obama weighed in last week during a speech in Elkhart, Indiana when he said that companies “can’t go take a trip to Las Vegas or go down to the Super Bowl on the taxpayer’s dime”. He’s certainly right that companies taking taxpayer money to survive must adhere to a higher standard of accountability. But the problem is in using Las Vegas as an example; he tarnishes a city that is already reeling from recession.  read more »

You Can Make Money Mining in Sewers

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Recently I ran a report on CBS News Radio about Japan searching for a new source of wealth…in its sewers.

It seems a sewage treatment facility in resource poor central Japan is recording a higher gold yield than is found in some of the world’s best mines. The Suwa facility is reporting about 1,900 grams of gold per ton of ash from incinerated sludge.

An official in the region, located northwest of Tokyo, says the high percentage of gold found is most likely due to the large number of precision manufacturers in the area that use gold. Much more gold is being found here than at Japan’s Hish-i-kari mine which is one of the best in the world.  read more »

The Hallmark Holiday is Here

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It's Valentine's Day weekend and while our economic situation feels like the world's worst break up it's not enough to stop the arrow slinging cupid.

According to the National Retail Federation the average consumer is expected to pump about one $102 of love into the economy this Valentine's day, just $20 less than last year. This year's Valentine's Day spending is expected to hit $17.2 billion with people spending more on quality than quantity.

Jim Trippon is a Certified Public Accountant and a leading expert on money habits of the wealthy. He has just released his annual list of the ultimate Valentine's Day gifts and says this year it's more about romantic getaways than heart shaped boxes of chocolate.  read more »

Failure is Not an Option

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Watching the raucous debate over President Obama’s proposed stimulus package rage on Capitol Hill you might just throw up your hands in disgust and say, as President Ronald Reagan often did, “There you go again”.

Democrats are accusing Republicans of using tax cuts for the rich as the magic bullet that will kill the recession. Republicans are pointing the finger at spend-happy democrats who would sacrifice the nation on the altar of socialism. And the public just hopes they can all get along well enough to help them survive this historic economic meltdown.  read more »

Laughing Through the Pain

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The pain from the worldwide recession is infecting every aspect of our lives. But as many a clinical psychologist will tell you, a good laugh can keep you going.

Fortunately there are plenty of creative folks out there able to make light of the problem. By example, the economic disaster has found a place in the Australian dictionary. Australia’s prestigious Macquarie dictionary has chosen “toxic debt” as its 2008 word of the year and defines it as “loans initially taken as a legitimate business transaction but end up financially worthless”.  read more »

Is Thomas Jefferson a Prophet or Irrelevant?

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If you’ve been a steady reader of this blog, you know I preface every new article with a relevant quote. But today, I go all out. A friend e-mailed me a group of Thomas Jefferson quotes from two centuries ago that seem prophetic given today’s economic mess. I’d like to pass them on for you to consider as we watch how politicians are spending our money.

“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”

“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.”  read more »

High Cost of Illegal Immigration

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Below are some statistics from the Los Angeles Times, published as the State of California tries to close a $42 billion budget shortfall. It seems that illegal immigration has become the third rail of politics. No one wants to face that fact that it is costing states billions.

From the L. A. Times:

40% of all workers in L. A. County (L. A. County has 10.2 million people) are working for cash and not paying taxes. This is because they are predominantly illegal immigrants working without a green card.

95% of warrants for murder in Los Angeles are for illegal aliens.

75% of people on the most wanted list in Los Angeles are illegal aliens.

Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers.  read more »

An Across the Board Stimulus Plan

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An attorney friend of mine in San Jose California, Dick Alexander, took this ad out in the Washington Post's National Weekly. He’s apparently willing to spend his own money to help save some of ours. I find his proposal makes a lot of sense. Here it is:

“A simple across-the-board boost to the economy would be to suspend IRS asset depreciation schedules for capital equipment purchases paid with 2009 dollars.

When a business owner buys a capital asset with current dollars it cannot be written off. It must be “depreciated” over a period of years. That makes every owner think twice when making a capital purchase: taxes still need to be paid, but with reduced cash in the till.  read more »