An article in the WSJ

The Wall Street Journal ran a story yesterday of import.  It is entitled, “Economists Expect Shifting Work Force.”  In it, the article states that the consensus amongst economists is that fully 25% of the 8.4 million jobs lost so far in the recession will...

The anemic economic growth of the EU

Fourth quarter 2009 GDP in the EU grew at a very anemic 0.1% relative to the third quarter of 2009.  That is the same growth rate as in Great Britain in the fourth quarter.  What’s more, when compared with growth the previous year GDP actually shrank 2.1%.  Not...

Rescue plan for Greece?

This morning the financial press are abuzz that a deal has been made by the EU to help its ailing member, Greece.  However, no details have been released as of yet.  Hmmm.  Not only that but comments from Angela Merkel, Germany’s Chancellor, have been...

Imagine pay matching performance

That scion of crazy executive compensation, AIG, today announced that it is changing the way it awards pay to its top executives.  Specifically, the Company is ranking employees on a scale from 1 to 4.  That rank will be based upon a comparison to other employees and...