News
USA Today | Growing number of programs across USA help vets to get jobs
Helmets to Hardhats is among many initiatives nationwide, both public and private, aimed at getting veterans back to work. The unemployment rate as of October for post-9/11 veterans was 12.1%, according to the Bureau of Labor Statistics — 3% above the national unemployment rate.
Fox News | MF Global Terminates Entire Workforce of 1,066 Employees
James W. Giddens, the court-appointed trustee for the liquidation of MF Global, said in a statement that the company is dismissing workers in accordance with a bankruptcy court mandate. Between 150 and 200 former employees are being hired to assist with the liquidation and court proceedings.
USA Today | More boomers working past retirement
So much for kicking back at the lake house, long afternoons of golf or pretty much anything baby boomers had dreamed about in retirement. For many, the plan now calls for logging more hours at the office and renewed worries about money, according to a new poll.
Econ Comments
Forbes | If State Capitalism Is So Good, Why Are Russian And Chinese Entrepreneurs Fleeing?
State capitalism was touted by Lenin as a positive step on the road to socialism. By state capitalism, Lenin meant a “commanding heights” of large businesses and trusts controlled by a state that served the interests of the working class.
Blogs
WSJ: Real Time Economics | Nearly Quarter of Workers Are Depressed
Today’s economic situation is depressing. Literally.
WSJ: Real Time Economics | Generation Jobless: By the Numbers
As the recovery limps along and unemployment remains high, we’ve found young adults moving back in with their parents to save on expenses, rejecting Ivy League schools for less expensive state universities, and choosing liberal-arts majors even though science and engineering grads are in greater demand by employers. Below, we pull out some of the numbers that illustrate these and other trends.
