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U.S. FEDERAL RESERVE STRUGGLES TO REVIVE ECON GROWTH

Posted by Gilmour Poincaree on January 28, 2009

Thursday, January 29, 2009

Agence France-Presse

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

WASHINGTON, D.C.: The US Federal Reserve wraps up a two-day policy meeting Wednesday focused on new tools to revive a moribund economy that has so far failed to respond to its zero-interest rate policy.

The Federal Open Market Committee (FOMC) meeting was being held six weeks after the central bank slashed its base-lending rate to a range of zero to 0.25 percent and predicted “exceptionally low” rates to persist.

An announcement was due around 1915 GMT Wednesday.

Joseph Balestrino at Federated Investors said he expected some clues from the Fed on additional efforts to get credit flowing in the economy.

“There’s not much more the central bank can do on the monetary policy front after having lowered its target federal funds rate to a record low,” he said.

“What may be worth noting is the language the Fed uses to describe the state of an economy that, since the two-day meeting that ended December 16, appears to have worsened on most every front.”

Balestrino said Fed chairman Ben Bernanke and his colleagues “are likely to be more explicit about their plans for quantitative easing—that is, using measures such as direct injections into banks and purchases of debt securities to pump more capital into ailing institutions and the markets.”

Sacha Tihanyi, analyst at Scotia Capital, said the market expects the Fed to take further action to help fire up growth.

“With rates going nowhere for some time, the market’s focus will be on whether the Fed will be looking to buy government—or corporate—securities in the near future,” Tihanyi said.

“This is a highly controversial step and some see this as somewhat of a high-risk policy but on the other hand, it is one of the few avenues the Fed has left open to it with regard to further easing monetary conditions.”

Despite the zero-rate policy, Bernanke and others have repeatedly said the central bank is not out of ammunition to fight the crisis. But Bernanke avoided the use of the term “quantitative easing,” saying the Fed has engaged in what he called “credit easing” to spur more lending activity.

The Fed “has already done a lot and will continue to do a lot” in addition to moving on interest rates, said Nariman Behravesh, chief economist at IHS Global Insight.

The central bank has already offered exceptional aid to banks and other firms, and has been buying up mortgage-backed bonds and commercial paper to help unfreeze credit in those areas.

Analysts say this has helped somewhat but that credit markets remain under stress, with lenders and consumers skittish about taking on new risks.

Morgan Stanley economist Ted Wieseman said he expected nothing dramatic from the Fed meeting.

“Obviously rates have already been cut about as low as they can go,” he said.

“If long-end [Treasury bond] yields continue surging higher, the Fed will undoubtedly eventually step in and start buying, but such an announcement probably wouldn’t come in an FOMC statement.”

Economist Joseph LaVorgna at Deutsche Bank said the Fed might not yet be ready for direct purchases of US Treasuries.

“Even though we believe the Fed will eventually be forced to purchase Treasuries in an attempt to cap their yields we do not believe the Fed is going to announce those intentions today,” he said.

He said some members might be uncomfortable with what could be seen as a drastic step.

“Rather, we expect the Fed to repeat the ‘committee is evaluating the potential benefits of purchasing longer-term Treasury securities.’”

Scott Brown, chief economist at Raymond James & Associates, said each word of the Fed statement would be weighed and parsed carefully.

“The wording of the policy statement will signal future intentions,” he said.

“In each statement, the Fed describes its economic outlook. A darkening in that outlook would likely mean that further stimulus efforts are coming. A brighter outlook would suggest that policy will become less accommodative.”

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, DOLLAR (USA), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, TRADE DEFICIT - USA, USA | Leave a Comment »

MOTOR CITY MALAISE (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Maria Panaritis – Inquirer Staff Writer

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

NORTH CAROLINA CARVING PLANT TO CLOSE AFTER 75 YEARS (USA)

Posted by Gilmour Poincaree on January 24, 2009

Fri, Jan. 23, 2009 08:35AM

The Associated Press

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

‘50,000 JOBS TO GO’ AS ECONOMY SHRINKS (New Zealand)

Posted by Gilmour Poincaree on January 24, 2009

4:00AM Saturday Jan 24, 2009

by Brian Fallow

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

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PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, NEW ZEALAND, RECESSION, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT | Leave a Comment »

RAIL CAR MAKER (FREIGHTCAR AMERICA INC.) TO IDLE 40 PERCENT OF WORKERS

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009

by Jeff Sturgeon

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RAILWAY TRANSPORT, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

DROP IN NEW CAR SALES HAS RIPPLE EFFECT – SALES OF NEW AUTOMOBILES DROPPED 21% STATEWIDE, FORCING INDUSTRY SUPPLIERS TO CUT THEIR PAYROLLS, TOO (USA)

Posted by Gilmour Poincaree on January 24, 2009

Friday, January 23, 2009

by Jeff Sturgeon

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ROANOKE TIMES’ (USA)

Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

LACK OF COMPETITION DOOMED BLUES MERGER (USA)

Posted by Gilmour Poincaree on January 23, 2009

Fri, Jan. 23, 2009

by Jane M. Von Bergen – Inquirer Staff Writer

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘PHILADELPHIA DAILY NEWS’ (USA)

Posted in BANKING SYSTEM - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, HEALTH CARE - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE WORK MARKET, THE WORKING ENVIRONMENT, USA | Leave a Comment »

PACE OF JOB CUTS QUICKENS IN MASS. – UNEMPLOYMENT RATE HIGHEST IN 15 YEARS AS RECESSION DEEPENS (USA)

Posted by Gilmour Poincaree on January 23, 2009

January 23, 2009

by Robert Gavin – Globe Staff

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’ (USA)

Posted in BANKRUPTCIES - USA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

ROGUE TRADER: “I MADE A FORTUNE ON 7/7” – THE ROGUE TRADER ACCUSED OF LOSING A FRENCH BANK £3.5 BILLION HAS REVEALED HE “MADE A STOCK MARKET KILLING” OUT OF THE 7/7 BOMBINGS IN LONDON

Posted by Gilmour Poincaree on January 23, 2009

22.01.09

by Ian Sparks in Paris

PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, DEPRESSION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORKING ENVIRONMENT, UNITED KINGDOM | Leave a Comment »

COMPANIES PREPARE TO OFFER WORKERS PAY CUTS – THE NEW WORKER’S DILEMMA: TAKE A PAY CUT OR RISK GETTING THE SACK – ECONOMISTS SAY UNEMPLOYMENT WILL HIT 3.25M BY 2010 AS BANK OF ENGLAND REPORTS MANY WILL FACE THE PROSPECT OF WAGE CUTS (UK)

Posted by Gilmour Poincaree on January 22, 2009

Thursday January 22, 2009

Times Online

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, EMPLOYMENT, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

INTEL PLANS UP TO 6,000 JOB CUTS IN FACTORY SHAKEUP; SOME WORKERS TO BE OFFERED OTHER JOBS (USA)

Posted by Gilmour Poincaree on January 22, 2009

January 21, 2009 – 6:51 PM

by Jordan Robertson – Associated Press

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ELECTRIC / ELECTRONIC INDUSTRIES, EMPLOYMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

UNEMPLOYMENT … RAB CAPITAL: TEMPUS AT LUNCHTIME – THE UNEMPLOYMENT FIGURES COULD BE JUST THE BEGINNING … RAB CAPITAL IS ALREADY TIGHTENING ITS BELT – UNEMPLOYMENT: NO SURPRISE (UK)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Grainne Gilmore

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

RECORD REDUNDANCIES PUSH UNEMPLOYMENT TO 1.92 MILLION (UK)

Posted by Gilmour Poincaree on January 21, 2009

January 21, 2009

by Grainne Gilmore

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | 1 Comment »

U.S. HOUSE OF REPRESENTATIVES PASSES PRO-LABOR BILLS

Posted by Gilmour Poincaree on January 21, 2009

January 20, 7:03 AM

by Matthew Nelson – Business Law Examiner

PUBLISHED BY ‘THE EXAMINER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EXAMINER’ (USA)

Posted in BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, USA | Leave a Comment »

‘SLAVE LABOUR’ CLAIM CAN’T STOP PRIMARK SALES FROM SOARING – ALLEGATIONS OF SLAVE LABOUR AT A MANCHESTER FACTORY HAVE NOT DENTED PRIMARK’S SALES

Posted by Gilmour Poincaree on January 16, 2009

15.01.09

The Evening Standard

PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

Posted in COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JUDICIARY SYSTEMS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SLAVERY, STOCK MARKETS, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNITED KINGDOM | 1 Comment »

GERDAU ALTERA TURNOS EM CHARQUEADAS E DEMITE EM SAPUCAIA DO SUL – AJUSTES SÃO REALIZADOS DESDE DEZEMBRO PARA ADAPTAR A PRODUÇÃO AOS EFEITOS DA CRISE FINANCEIRA (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

13/01/2009 – 00h07min

Zero Hora

PUBLISHED BY ‘ZERO HORA’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in BRASIL, CEMENT, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDÚSTRIA METALÚRGICA, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, METALS, METALS INDUSTRY, O MERCADO DE TRABALHO - BRASIL, O MUNDO DO TRABALHO - BRASIL, OS TRABALHADORES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT | Leave a Comment »

UNEMPLOYMENT: REAL LIFE STORIES – THE NUMBER OF PEOPLE OUT OF WORK IN THE UK IS CONTINUING TO EDGE TOWARDS TWO MILLION, THE LATEST OFFICIAL FIGURES SHOW – THREE PEOPLE WHO HAVE LOST THEIR JOBS TELL THE BBC ABOUT THEIR EXPERIENCES

Posted by Gilmour Poincaree on January 12, 2009

January 11, 2009, 8:07PM EST

BBC News

PUBLISHED BY ‘BBC NEWS’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BBC NEWS’ (UK)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | 3 Comments »

GLOBE AND MAIL LIKELY TO LAY OFF UNSPECIFIED NUMBER OF STAFF (Canada)

Posted by Gilmour Poincaree on January 11, 2009

Friday, January 09, 2009

byGrant Surridge – Financial Post

PUBLISHED BY ‘THE FINANCIAL POST’ (Canada)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE FINANCIAL POST’ (Canada)

Posted in BANKING SYSTEMS, CANADA, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE MEDIA (US AND FOREIGN), THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT | Leave a Comment »

TELEMARKETER WINS UNJUSTIFIED DISMISSAL CASE (New Zealand)

Posted by Gilmour Poincaree on January 8, 2009

11:38AM Thursday Jan 08, 2009

NZPA

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, JUDICIARY SYSTEMS, NATIONAL WORK FORCES, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, TELEMARKETING INDUSTRIES, THE WORK MARKET, THE WORKING ENVIRONMENT | Leave a Comment »

COURT ALLOWS BOEING TO USE ‘RACIST’ US LAW – INTERNATIONAL DEFENCE CONTRACTOR BOEING WILL BE ALLOWED TO DISCRIMINATE AGAINST EMPLOYEES WHOSE NATIONALITIES DO NOT MEET US SECURITY LAWS

Posted by Gilmour Poincaree on January 7, 2009

January 07, 2009

by Michael McKenna – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AIR TRANSPORT INDUSTRY, FOREIGN POLICIES, FOREIGN POLICIES - USA, HATE MONGERING AND BIGOTRY, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE UNITED NATIONS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, USA, WARS AND ARMED CONFLICTS | Leave a Comment »

AIR INDIA SACKS ‘FAT’ HOSTESSES – THE AIRLINE SAYS OVERWEIGHT CREW ARE A SAFETY HAZARD INDIA’S STATE-OWNED AIRLINE AIR INDIA HAS TERMINATED THE SERVICES OF NINE HOSTESSES FOR BEING “OVERWEIGHT”, A SPOKESMAN SAYS

Posted by Gilmour Poincaree on January 6, 2009

12:02 GMT, Tuesday, 6 January 2009

The BBC News

PUBLISHED BY ‘BBC NEWS’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BBC NEWS’ (UK)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDIA, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT | Leave a Comment »

ECONOMY STIRS MEMORIES OF DEPRESSION (USA)

Posted by Gilmour Poincaree on January 6, 2009

January 5th, 2009 12:05 AM

by Megan K. Scott – The Associated

PUBLISHED BY ‘THE NEWS TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS TRIBUNE’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, DEPRESSION, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »

QATAR RULES IN FAVOR OF 7 OFWS IN LABOR CASE (Qatar/Philippines)

Posted by Gilmour Poincaree on January 3, 2009

01/03/2009

The Daily Tribune

PUBLISHED BY ‘THE DAILY TRIBUNE’ (Philippines)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY TRIBUNE’ (Philippines)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, HUMAN RIGHTS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, OUTSOURCED WORK FORCES, PHILIPPINES, QATAR, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE WORK MARKET, THE WORKING ENVIRONMENT | Leave a Comment »

SWEET VICTORY FOR PINOY WELDERS (Philippines)

Posted by Gilmour Poincaree on January 3, 2009

January 03, 2009 06:06 PM Saturday

by Cristina Lee-Pisco

PUBLISHED BY ‘THE JOURNAL ONLINE’ (Philippines)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE JOURNAL ONLINE’ (Philippines)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, HUMAN RIGHTS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, OUTSOURCED WORK FORCES, PHILIPPINES, QATAR, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT | Leave a Comment »

SOMALIA, THAILAND, & SAUDI AMONG DFA FLASH POINTS IN 2008 – The year 2008 has been a challenging one for the Department of Foreign Affairs (DFA) as it saw a series of pirate attacks on merchant ships in Somalia, the repatriation of stranded Filipinos in Thailand, the beheading of a Filipino worker in Saudi Arabia, and the mass deportation of Filipinos in Malaysia

Posted by Gilmour Poincaree on January 3, 2009

Saturday, January 3, 2009

by Charissa M. Luci

PUBLISHED BY ‘THE MANILA BULLETIN’ (Philippines)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA BULLETIN’ (Philippines)

Posted in CARGO PIRACY, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, HUMAN RIGHTS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, MALAYSIA, MIGRATION AND IMMIGRATION, PHILIPPINES, RECESSION, SAUDI ARABIA, SOMALIA, THAILAND, THE UNITED NATIONS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT | Leave a Comment »

CBS NEWSMAN’S $70M LAWSUIT LIKELY TO DEAL BUSH LEGACY A NEW BLOW (USA)

Posted by Gilmour Poincaree on December 29, 2008

Sunday 28 December 2008

by Christopher Goodwin – in Los Angeles – The Observer

PUBLISHED BY ‘THE GUARDIAN’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GUARDIAN’ (UK)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMUNICATION INDUSTRIES, CORRUPTION, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FRAUD, FREEDOM OF SPEECH AND CONSCIENCE, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE PRESIDENCY - USA, THE WORKING ENVIRONMENT, USA | Leave a Comment »

CONFESSIONS OF A (M)AD MAN: THE COSMETIC DIFFERENCE THAT MAKES YOU STAND OUT

Posted by Gilmour Poincaree on December 13, 2008

December 12, 2008

by Mohammed Nassar – (*)

PUBLISHED BY ‘THE DAILY STAR’ (Egypt)

Professional acceptance is a curious mix of the things you can do and the things-you-look-like-you-can do. A marriage of style and substance, if you like.

Talent is good, a strong work ethic to go with it is even better, but looking and sounding the part is both a shortcut to success and a ticket to wider recognition beyond your chosen field.

These cosmetic differences are important not because the world is a shallow place (it is) but for a far simpler reason: people don’t know when other people are right.

Bill Bryson has an outstanding book called “A Short History of Nearly Everything,” which is a very readable summary of every branch of science around. What’s striking about it is that the amount of things that science doesn’t actually know dramatically dwarfs the things that we do (and Bryson freely admits this). Even the things that we do know, we’re far from certain about, we simply employ best-case estimates by experts whose sole qualification is that they’re smarter than us. A more apt name would have been “A Short History of Hardly Anything.”

Anyone who’s followed the recent stock market meltdown wouldn’t disagree that the reason everything went to hell in a hand basket, is pithily summed up thus: the smartest guys in the room turned out not to know nearly as much as we (or they) thought they did. They invented financial products that didn’t make sense, aided by a government that didn’t know any better and sold to a public that didn’t know anything. Disaster.

Even fields like sport, where professional athletes progress through the junior ranks, their every move recorded, dissected and scrutinized by a platoon of so-called experts, the success rate of predicting the ones that will progress to become even passable professionals is pitiful. Just a little better than pulling names out of a hat.

In the absence of knowing the right thing to do, people make decisions of employment based on shallow criteria like looks, personality and sociability, even if they don’t relate to the job for which you’re being interviewed. Quantity is another false indicator: the more stuff you’ve done (or claim you’ve done), the more likely you are to get hired. It’s a long-standing feature of shallow-thinking to confuse activity with achievement.

So aside from talent in your chosen field, and the discipline and hard work to make it bear fruit, what are the other skills that you might need, that you aren’t taught in school? Lucky for you, I’ve compiled a subjective list based on my own experiences:

– Communication. You need to be able to speak to what you do, both in detail and from a summary perspective. And you need to know when it’s appropriate to do which (generally, when you’re talking to your boss, a summary approach works best and when you’re talking to a subordinate, go with the details). You also need to be diligent about sharing information, because nothing annoys people more than not being told things they need to know.

– Look good. Tall people get more raises and good-looking people get promoted quicker. So what’s an ugly, Quasimodo-like figure such as yourself to do? Dress the part. Think of clothes and grooming as the canvas against which you’re painting the masterpiece of your professional contribution. It doesn’t have to be expensive and it doesn’t have to be attention-whoring; all it needs to be is simple, elegant and affirming that you belong where you are.

– Understand office politics. I don’t recommend you become adept at politics, because I hate political people. You know, the ones who decide to do things only if they’re good for them, not good for the work. But I do think you need to understand how politics work, and that every workplace has them: from government offices in Helwan to NASA headquarters in Houston; politics are part of human nature.

– Here’s a crash course: When it comes to superiors, figure out the kind of power they wield. If you’re going to impress anyone, it needs to be them. And if you’re going to screw up, it better not be around them. With peers, know the workers from the slackers, the doers from the talkers, the trustworthy ones from the backstabbers. And always be friendly, but never friends. With subordinates, always be nice because they won’t be subordinates forever. But don’t be too nice, because they’re still people who want your job. And don’t withhold your knowledge from them; if they’re any good, they’ll find another way to learn and then you’ll have made an enemy for life.

– Take risks. You see, risk-aversity and conservatism in thought, speech and action is a sure recipe for mediocrity. You can’t achieve anything without risk (after all, nothing ventured, nothing gained) but some people are adept at not taking any. Their success is defined by their propensity to not fail. They may not get fired, but they’re also the same people who work in the same place for 27 years without getting ahead.

– Perception is reality. It may not be fair, it may not be right, it’s probably not even accurate and yet that’s how it is. The way you’re perceived is the way you’ll be treated and according to which, you’ll receive your reward or punishment. So always be aware that there are two of you: the public you and the personal you, and it’s only the former that anyone else cares about.

– Finally, get a life outside of work. Either that or write for a column like this one.

(*) – Mohammed Nassar was kidnapped at birth and forced to work in advertising, in Cairo, New York and London. Today, his main concern is that archaeologists will one day stumble upon his desk, debate the value of his profession and judge him and feel free to email him.

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PUBLISHED BY ‘THE DAILY STAR’ (Egypt)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, RECESSION, THE WORK MARKET, THE WORKING ENVIRONMENT | 6 Comments »