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Current Topic: Economics

Ninety percent of young white male workers now doing worse than they would have 20 years ago
Topic: Economics 11:45 pm EST, Feb 25, 2002

"Morris, one of the authors of a new study printed in the book "Divergent Paths," said 90 percent of young white male workers can expect to have lower lifetime wage growth than the previous generation."

Ninety percent of young white male workers now doing worse than they would have 20 years ago


Business 2.0 - Magazine Article - Brazen Careerist: The Incredible Shrinking Resume
Topic: Economics 4:52 pm EST, Feb 25, 2002

"Attention, job hunters: It's time to swallow that bitter pill called pride. The simple truth is that, if you're lucky enough to land a job in this suckfest of an economy, you won't be making as much money as you were making a year ago, and the title on your business card will take a hit too. "

Business 2.0 - Magazine Article - Brazen Careerist: The Incredible Shrinking Resume


Making Unemployment Work (Sort Of)
Topic: Economics 11:11 pm EST, Feb 24, 2002

Being unemployed has brought Todd M. Rosenberg fun, some fame, and a very small fortune. Which is why he is in trouble with the New York State Department of Labor.

Mr. Rosenberg, 32, is the creator of "Laid Off: A Day in the Life," an animated cartoon [web site]. It's a hoot. ...

Prominently displayed on the site is ... the tip jar. ... Dollars have come streaming in. Real dollars. Virtual dollars. Nine thousand dollars. ... Mr. Rosenberg had been unemployed since June, when the dot.com where he worked as director of business development shut down ...

At the time, the job market "had a bad but temporarily bad feel," Mr. Rosenberg said. But by the end of the summer, none of his job interviews had panned out, and the help-wanted ads were getting skimpy. ... When he realized that he might not find a job for a while, Mr. Rosenberg said, he felt he had to do something productive. ...

Making Unemployment Work (Sort Of)


Study: Tech job-hoppers more likely to be laid off
Topic: Economics 12:16 am EST, Feb 13, 2002

"Those who took advantage of the hot economy of the 1990s to job-hop may now find themselves first on the layoff list and with fewer prospects for future employment as long as the current economic downturn lasts." ... Robert Klehm, research director at Cambridge, Mass.-based Giga Information Group: "I agree with the basic statement that the people who have jumped around have a stigma attached to them. What is the risk of laying them off, because they will probably just leave anyway?"

Study: Tech job-hoppers more likely to be laid off


ZDNet: Printer Friendly - The world of the laid-off techie
Topic: Economics 12:16 am EST, Feb 13, 2002

"A year ago, Jose Carlos Cavazos was enthusiastic about his new career in telecommunications and his position with Nortel Networks. Now he's throwing mail on the night shift at a U.S. Postal Service distribution center for $13 an hour.

Cavazos didn't plan to go from high-tech to blue collar. But after eight months without a job, the 37-year-old Raleigh, N.C., resident had burned through his 401(k) savings and was nearing the end of unemployment insurance. He took the postal job to pay the mortgage--even though it leaves him wanting professionally. ..."

ZDNet: Printer Friendly - The world of the laid-off techie


VC moves from one unreality to another
Topic: Economics 1:55 pm EST, Jan 27, 2002

": I have often heard it said in the private equity business that people are very important. I have come to the conclusion after 30 years in this business that management talent is a necessary but not sufficient reason to succeed. Management can never be overvalued, but it can be overestimated. Warren Buffett once said, show me a bad business and a good management and the bad business will prevail every time. So the lesson I have learned from the recent mania is that you may have capital and a talented management team, but if you are fundamentally in a lousy business, you won't get the kind of results you would in a good business. All businesses aren't created equal."

VC moves from one unreality to another


Is your tech hub growing? - Tech News - CNET.com
Topic: Economics 3:03 pm EST, Jan 26, 2002

When the economy recovers, not all technology hubs around the United States will get equal treatment in terms of jobs, according to a report released this week... "It's going to be a rough year for the Bay Area," said Steven Cochrane, an economist at Economy.com. "San Francisco is hurt by the technology and financial industries, and San Jose has the highest concentration of tech jobs."

Is your tech hub growing? - Tech News - CNET.com


Evercrack's collective economy is larger then Russia's!
Topic: Economics 12:44 am EST, Jan 26, 2002

The business model for online gaming is still evolving, but at least one popular online game has already created a powerful free-market economy, according to a study.

Evercrack's collective economy is larger then Russia's!


The Hungry Site - Feeding the New Economorons
Topic: Economics 3:40 pm EST, Jan 25, 2002

This is fairly funny...

The Hungry Site - Feeding the New Economorons


Salon.com Arts & Entertainment | What's wrong with the music biz?
Topic: Economics 12:29 am EST, Jan 25, 2002

Next time you hear that file swapping is responsible for the decline in music industry revenues in 2001, take a look at this. Declines in concert revenues tracked declines in sales of recorded media.

Salon.com Arts & Entertainment | What's wrong with the music biz?


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