Posts Tagged ‘recession’

Finances: Recession Proof Your Life And Refuse To Be A Victim

September 12th, 2011

 

 

refuse-recessionAre you guilty of blaming the recession for your current situation? If so, you are not alone.  It’s so easy to shift the blame to something you have no control over, rather than take responsibility for not doing what you could have to prepare—something you do have control over.

How Should You Prepare?

The answer to this question is surprisingly an easy one.  The quick answer would be to become more self reliant with your finances.  This just means that instead of constantly relying on a good economy to make you “feel” secure, become secure by planning for a bad one.

So many people have completely lost touch with this very simple principle.  Don’t believe me?  Look » Read more: Finances: Recession Proof Your Life And Refuse To Be A Victim

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State of the Market: Job Creation Ideas

November 10th, 2010

By Denise Gabbard

If you look at our country’s history, you will only find one other period as economically miserable as our current times.  However, in those tough economic times, our leaders were wise enough to put job creation at the forefront to ensure a recovery and stimulate future growth.

A large, concentrated, bipartisan effort is needed by both the House and the Senate to put forth an aggressive incentive program aimed at creating jobs. Federal tax incentives can be utilized to bring about the changes desired; for instance, we could reward small businesses for hiring someone who has been out of work a long time, and further reward them if they will pay a good wage (one that is at least 20-30% about minimum wage.) There is already a bill (S.3816) being argued that will incentivize companies that hire Americans to replace overseas workers, and will penalize them for moving portions of their business offshore. This is a long overdue piece of legislation, and the lack of this type of law has cost the country millions of jobs. Surely, some of those nice folks in Washington see the connection.

Small businesses and entrepreneurs are trying very hard to expand and start new businesses, and giving them these types of incentives can make a world of difference, as they offset a major portion of the risk the companies have in hiring right now.  The government has been criticized for throwing money at other problems, but this area can actually put people back to work, increase their self-confidence, and pump up the economy.  No other project seems more worthwhile than job creation in turning this economy around.

If you are without a job in this economy, what can you do to make ends meet?  » Read more: State of the Market: Job Creation Ideas

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State of the market: Unraveling Downsizing

August 5th, 2010

By Jackie Simmonds, NEJS Blog Editor

I was searching for an article the other day and as it often happens I found something else that sounded interesting instead. The title “Unraveling Downsizing – What do we know about the Phenomenon?” caught my eye. Most of us have our own, personal interpretation of what downsizing means. However the term actually originated in the auto industry during the oil crisis as the need for more fuel efficient vehicles became prominent and they began downsizing cars to meet the new market demands.

Downsizing began to be applied to people in the 1980’s as a response to recessionary pressures. During the 1990’s, “the Downsizing decade”, it expanded to include managerial efforts to improve a firm’s performance. The term is now defined as “a set of activities, undertaken on the part of the management of an organization and designed to improve organizational efficiency, productivity, and/or competitiveness”.

Research shows that the causes usually fall into three main categories; macroeconomic, industry specific, and company specific. Essentially declines in sales (industry specific), declines in profits (industry specific), poor financial results (company specific), greater responsiveness to customer needs (industry specific), and increased international competition (macroeconomic) were found to be the main downsizing driving forces. In addition there are three social forces » Read more: State of the market: Unraveling Downsizing

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