Cutting the Fat, Meat and Bone Out of Business
There's an alarming trend developing in the shadows of American business both large and small alike that could have a negative impact on our ability to compete both at home and abroad in the coming months and years. This trend has to do with the cuts that have been made in both personnel and overhead the past 24 months.
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Santa Claus may be Spending Christmas at the North Pole
A recent survey released by the National Association for Business Economics said, "Any recovery is likely to be so gradual that these jobs won't return to the labor market for three years." In other words, the 7.2 million jobs that have been lost in our "recession" won't return until 2012 or beyond. Based on the trends that have been unfolding, I would say well beyond 2012.
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The Only Economic "Green Shoots" are the Ones Being Smoked in Washington
Recently on
MarketWatch.com there was a headline that read: "Obama says Government's role is to unleash creativity in markets." Oh really... that's the government's role? To unleash creativity in the markets?
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Debt Solution for America's Seniors
Last month there was an alarming article in
USA Today that says according to AARP, 600,000 senior citizens are either delinquent or in foreclosure on their homes. A separate report by AARP found that 25.5 million seniors age 50 and up still carry a mortgage on their home. This puts America's senior citizens at risk because unlike younger workers, many seniors are on a fixed income and lack the money or job opportunities to catch up on payments when they fall behind.
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