One Step Up and Two Steps Back

One step up … Mary Beth Quirk: “California Goes Gangbusters Against Abusive Lending, Passes Sweeping Foreclosure-Protection Law” Hey, rest of the country that isn’t California! This is how you do it: California legislators went ahead and approved a sweeping bill on Monday that is basically a homeowner bill of rights, including ending abusive practices by [Read More...]

Jury Duty Job Fairs: An unworkable idea to help people find work

Here are three things I noticed during my day of jury duty last week: 1. It’s a hassle to have to skip two days of work to spend that time instead sitting around in a courthouse. For some people, it means losing two days of hourly pay. For others, it means falling behind at work [Read More...]

This story, times 14 million, should be treated like an incoming asteroid

At Reuters, the story of Dominick Brocato, 58, who was laid off in 2010: I would say between April and August I probably had 45 to 50 different meetings that I would just initiate on my own, asking someone, “Can we just go have coffee, or just go to lunch?” So they’d get to know [Read More...]

Smart people saying smart things

Mark Thoma: “The Growing Unemployed: A Case of Benign Neglect“ The high unemployment rate ought to be a national emergency. There are millions of people in need of jobs. The lost income as a result of the recession totals hundreds of billions of dollars annually, and the longer the problem persists, the more permanent the [Read More...]

Word of the day: arbitrage

I had to look this one up: ar•bi•trage noun \’är-b∂-,träzh\ 1  : the nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies 2  : the purchase of the stock of a takeover target especially with a view to selling it profitably to the raider [Read More...]

Fine-tuning the keywords on your résumé

The Consumerist offers the latest in an endless series of articles giving helpful advice to those seeking jobs that don’t exist. This one is about “Tips for Beating the Résumé-Reading Robots of Doom.” Keywords, gaming the system, yada yada. It’s possible such tips and tricks might make a difference for someone, and I’m sure they’re [Read More...]

One day, two good speeches

This was a very good speech. President Barack Obama, Osawatomie, Kan., Dec. 6, 2011 This is the defining issue of our time. This is a make-or-break moment for the middle class, and for all those who are fighting to get into the middle class. Because what’s at stake is whether this will be a country [Read More...]

November 14 — a fireside chat


President Franklin D. Roosevelt, Nov. 14, 1937 Enforced idleness, embracing any considerable portion of our people, in a nation of such wealth and natural opportunity, is a paradox that challenges our ingenuity. Unemployment is one of the bitter and galling problems that now afflicts man-kind. It has been with us, in a measure, since the [Read More...]