Share to Twitter Share to Linkedin Key takeaways The U.S. unemployment rate went up in August for the first time since April 2020. The jump wasn’t nearly as large, though; the reasons for the jump are positive economic indicators. Unemployment numbers don’t account for people who aren’t looking or can’t look for jobs, like the two to four million people not working due to long COVID or women leaving the workforce for other responsibilities since the beginning of the pandemic. The U.S. is currently not in a recession, but we’re on shaky ground. There are reasons to be optimistic, but several factors demand attention, like job listings with inadequate pay and a marked slowdown in hiring. To determine if we are in a recession, economists generally look at three factors: economic output, consumer demand and unemployment. A decreased economic output is normally defined by two consecutive quarters of decreasing GDP. The U.S. met this bar with … [Read more...] about New Jobs Data Friday- How Is Employment Tied To A Recession (Does This Officially Tip Us In)?
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Share to Twitter Share to Linkedin When you ask people why they retired before 65, you’re most likely to hear a few responses: “I hate my job.” “I hate my boss.” “I was done!” Yet there are other, deeper reasons that most don’t talk about. They may have nothing to do with work. According to new research, earlier life and health traumas often trigger an early retirement. “Mental illness, obesity, smoking, chronic disease – researchers have been able to connect the dots between an array of stresses early in life and how people will fare as they age,” according to the Squared Away blog. “The basic finding is not terribly surprising – that life’s financial and social circumstances can lead to disabling conditions that will either nudge, or force, older workers to leave the labor force early.” The research was based on surveys asking older working people born during the Baby Boom, the Depression, and World War II about stressful or traumatic … [Read more...] about Why People Are Most Likely To Retire Early Will Surprise You
Share to Twitter Share to Linkedin Most advice with 401(k) plans starts and stops with, “contribute at least enough to get your employer match.” While that is good advice you should implement, it’s a tiny piece of what could be a very complex puzzle. Simply contributing enough to your 401(k) to get the match leaves you a long way from maximizing the financial power your employer-sponsored plan could offer you. And failing to fully leverage your 401(k) could cost you millions of dollars in the future. How To Get $2.4 Million (Or More) Into Your 401(k) In 20 Years Many people know the 2022 contribution limit for 401(k)s: it’s $20,500. The nuance that you might miss, however, is that limit considers the employee contributions. There are other contributions you can make, depending on how your plan is set up. An employee cannot contribute more than a combined $20,500 into a traditional and/or Roth 401(k) plan. But the true maximum that can go into a … [Read more...] about What You Don’t Know About Your 401(K) Could Cost You Millions
Share to Twitter Share to Linkedin First came the hurricane, decimating parts of Florida and South Carolina with wind and torrential rains. More than 2’ of rain fell in some areas, and flooding persisted days later. Pakistan has been enduring flooding for months, but we hear relatively little about catastrophes outside our borders. Now we can expect to see a variety of infections following the disaster, in addition to the many problems from interruptions in an individual’s medication (e.g., insulin, inhalers, cardiac medications). After Hurricane Maria, cases of sepsis and other infections rose. The fungal infection Mucor rose after Katrina . With power outages and no fresh water, various infectious deaths will likely grow in Florida as well. But how will we know? Public health was slashed in Florida even before the pandemic began, cutting employees, and spending dropped from $57 to $34 per resident from 2010-2019 . Further budget cuts are … [Read more...] about Hurricanes And Flooding Leave Infections in Their Aftermath
Share to Twitter Share to Linkedin Chef Noel McMeel , Culinary Director at Lough Erne Resort in Northern Ireland, was already known as the “King of Modern Irish Cuisine” when interviewed for forbes.com three years ago. The innovative, brilliant chef grew up on his family’s farm and was inspired by his mother's traditional home cooking. But long before he became a chef, from the ages of 14 through 19, Noel McMeel was the all-Ireland traditional Irish dance champion, performing in America, Hungary, France, Belgium, and Spain. McMeel could have continued to dance, but cooking was his passion. He received a scholarship to the prestigious Johnson & Wales and Boston University and went on to work in some of America’s most famous restaurants including Le Cirque, Chez Panisse, and Jean-Louis (Palladin) at the Watergate, where he met the Clintons. McMeel – that’s his real name – was once told by an American agent to go to McDonald's and sell his name as a “Big … [Read more...] about Northern Ireland’s Most Famous Chef, Noel McMeel, Plans His Next Move
Share to Twitter Share to Linkedin Monica, CMO of SOCi , holds 20+ years of tenure in digital marketing & advertising, with a foundation in sales, strategy, and data analytics. A CMO’s job is incredibly tough, and the role’s demands are showing in CMO tenures. According to SpencerStuart , the average CMO tenure in 2021 was down to 40 months—tied for 2020 as the shortest in over a decade. A lot feeds into this challenge of short tenure, but one area where marketers can do more is better understanding how their role evolves. What a CMO does at a fast-moving startup often changes as quickly as the company does. And those CMOs who don’t realize they’re playing a different role at each growth stage may find that their work isn’t providing much of an impact. Change The CMO Playbook I’ve found that the complexity of a CMO’s job is accelerating. They have to be creative, use more technology and data, build and manage teams, and stand out … [Read more...] about Beat Short CMO Tenure By Learning The Stages Of Leadership
Share to Twitter Share to Linkedin Swiss banking giant Credit Suisse is struggling to restructure in the wake of scandals and accusations which include money laundering for the Bulgarian Mafia. Their credit default swaps, which reflect the chance of a company defaulting on their debt, have skyrocketed over the weekend. CEO Ulrich Koerne sent a memo to staff late last week assuring them of the financial stability and capital reserves of the bank, though this has backfired and caused many to question the reasons for the memo. While some are calling this a potential Lehman Brothers moment, so far Credit Suisse looks to be safe from that type of shock collapse. After all the talk about the crashing British pound last week, it seems that the trouble in Europe doesn’t end there. This week there’s been a growing murmur of problems within one of the worlds largest investment banks, Credit Suisse. It has all begun to come to a head with London’s … [Read more...] about Is Credit Suisse Going Bust?
Share to Twitter Share to Linkedin When Anthony Ferraro and his then-girlfriend, Kelly, made a video in January 2021 about his daily life as someone who was born blind and posted it to TikTok, neither of them had very high expectations. In fact, Ferraro hadn’t wanted to do it at all; in early 2020, when repetitive TikTok dances were all the rage, he had no interest in the app. But the 27-year-old responded to the shift in TikTok videos that happened as the pandemic—and isolation—continued on for months, leading to more vlog-style snippets of people narrating their day-to-day life, without music or viral sound effects. When the couple went to sleep that night, Ferraro says, the video had about 100 views and he had 30 followers. The next morning, the video had 40,000 views and Ferraro had gained 1,000 followers. “I was getting hundreds of these messages that were overwhelmingly positive and that I was inspiring others to keep going, and I got to … [Read more...] about Skateboarder And TikTok Star Anthony Ferraro, Who Is Blind, Is Pushing Forward Inclusivity In Action Sports
Share to Twitter Share to Linkedin One of the first signs of a maturing startup ecosystem is when successful founders start investing in the next generation of promising entrepreneurs. These founders-turned-funders are, like all investors, striving for returns commensurate with the risk they are taking but are also driven by a desire to give back. “You feel compelled to give other people a chance, an opportunity which someone afforded to you at one stage in your life. I really believe that even the smartest entrepreneurs in the world – Steve Jobs, Sergey Brin, pick anyone – I promise you, at some stage in their journey, luck played a role; another angel investor played a role; another advisor played a role. So I think we have a duty to contribute. I'd like to see more entrepreneurs do it,” shares David Giampaolo, successful entrepreneur, investor and CEO of Pi Capital. A liquidity event linked to their own company – be it an acquisition, IPO or a secondary … [Read more...] about From Founder To Funder: Insights From Angel Investors With An Entrepreneurial Background
Share to Twitter Share to Linkedin On Friday morning local time, Japanese authorities revealed further cases of coronavirus have been identified among passengers on the Diamond Princess, the cruise ship currently under quarantine at Yokohama port. But experts are warning that keeping the passengers on the ship might not be the best way to deal with the outbreak. Almost 3,700 people of a variety of nationalities are currently on the ship and an announcement from Japan’s health ministry early Friday morning local time revealed that in addition to the 20 cases already known, further 41 people had tested positive for coronavirus, bringing the total number of passengers infected to 61. Those affected include people from Japan, Australia, Canada, Argentina, The U.S., and the U.K. The outbreak is linked to a 80 year old man from Hong Kong who was on the ship in January and was later diagnosed with the coronavirus. Of the thousands of people on the ship, 273 … [Read more...] about Experts Say Cruise Ship Passengers Under Coronavirus Quarantine Should Be Moved To Shore