Futurist Thomas Frey: In 1936 Edwin Howard Armstrong unveiled an improvement in radio that would later become known as FM radio. Working out of an office on the 82nd floor of the Empire State Building, an office provided by RCA, Armstrong was on the verge of revolutionizing the radio industry. But it was a revolution that would not happen for several decades.
State and local governments have cut 142,000 jobs this year.
Is the mass layoff making a comeback on an already lousy job market? Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts this past week.
Continue reading… “The mass layoff making a comeback in the U.S.”
Bono and his U2 bandmates have pulled in $85.8 million on their 360 tour.
The concert touring business is enjoying a healthy comeback this year after struggling in 2010. Despite the slow economy acts like U2, Kenny Chesney, Bon Jovi and Lady Gaga are bringing in concert goers.
Continue reading… “Despite slow economy concert business is booming”
Harvesting the wind in water.
The French government of Nicolas Sarkozy has launched a €10 billion ($14.26 billion) tender to build about 1,200 wind turbines in 5 different offshore wind farms. The goal is to diversify France’s energy generation (they are very reliant on nuclear, which accounts for about 80% of their electricity generation) with renewable sources and to have 23% of France’s energy come from renewable sources by 2020. The wind farms will be located off France’s coast on the North and West and should produce about 3.5% of the country’s electricity according to government authorities. The farms should come online between 2015-2020…
Employers are looking for people who can invent, adapt and reinvent their jobs every day, in a market that changes faster than ever.
The rise in the unemployment rate last month to 9.2 percent has Democrats and Republicans reliably falling back on their respective cure-alls. It is evidence for liberals that we need more stimulus and for conservatives that we need more tax cuts to increase demand. I am sure there is truth in both, but I do not believe they are the whole story. I think something else, something new — something that will require our kids not so much to find their next job as to invent their next job — is also influencing today’s job market more than people realize.
Continue reading… “‘The start-up of you’ – Reinventing yourself in the ever changing job market”
The total impact of the extended unemployment benefits on the economy is huge, because so many Americans are currently taking advantage of them.
The economic recovery could be headed for a major hit that will leave it even weaker as extended unemployment benefits are set to expire in 2012.
Some workers are being asked to work 50 hours or more, while others face night and weekend hours.
Is the 9-to-5 work week coming to an end? Higher income employees feel the pressure to work 50 or more hours per week while lower income employees are being forced to work less hours.
Miami appears on the list of many foreign real estate buyers.
Home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida, are being lifted by foreign buyers.
Continue reading… “Foreign buyers helping U.S. housing market”
Reno’s economy relies on gaming and tourism, two industries which have been hit extremely hard by the recession.
December 2007 is when the Great Recession officially began and it officially ended in July 2009. But that doesn’t mean the economy has returned to where it was before the steepest downturn since the Great Depression and may not for years. Employment is not expected to return to its pre-recession peak until 2014, according to a recent report by IHS Global Insight.
Continue reading… “10 U.S. cities that will take 10 years to recover from the recession”
The poor economy lingers and the jobless rate remaining high.
States will start a nationwide crackdown for people fraudulently drawing unemployment payments. $17 billion in were dswindle last year alone from those who were never eligible and workers who keep getting checks after they return to work, say federal officials.
Continue reading… “Nationwide crackdown unemployment insurance fraud”
Thirteen percent of people take vacations knowing they may have to work if necessary.
About 45% of U.S. workers would scrap or scale back their summer vacation plans to save money if the economy remains volatile, according to a survey.
Continue reading… “Almost half of U.S. workers would scrap summer vacation to save money”
