Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Saturday, June 21, 2008

Markets are UP!!! Get a job.


I don't know where you are, but things are looking up in Central Ohio. Home prices are up $3,000 from this time last year, and there are fewer homes on the market than there were at this time last year. Of course if you watch the news, the housing market is completely dead and we should all go back to living in tepees. By the way, I was speaking with a former news reporter yesterday. He enlightened me with the information that fewer and fewer people are actually watching the news on TV. I can understand that, it's too depressing to watch. He also mentioned that in his broadcasting/communication classes, that the "weather is what sells the news." So now you know, that's how they suck us in, with the weather. I know I feel better. Back to my earlier point, things are looking up. The International Monetary Fund (IMF) revised its prediction for our national economy, from .5% to 1.1% for 2008 and from .6% to .8% (change in gross domestic product) for 2009. That's what I like to hear.

Are you a college graduate looking for a job? Now is a good time. According to CollegeGrad.com, hiring of college grads is up. 500 of the top entry-level (yes, even you have to start at the bottom) employers are reporting the need for 175,000 new employees (of which more than 10,000 openings are for 23 companies in Ohio). 62% of the surveyed companies are projecting to hire more grads than they did last year (20% - the same amount and 18% - fewer than 2007).

So go get a job and stop leaching off your parents.

Monday, June 16, 2008

Can you believe what you read?



Is the sky falling? Or am I just burying my head in the sand? I believe I am a glass-half-full type of person, but I am having a harder and harder time discerning the current state of affairs. The evening news is filled with crime, horror and is altogether depressing (at least I get updates on the weather every 4-6 minutes). So according to the "devil-box" in my living room, the end or the world is here. Contrary to that information is that of the Wall Street Journal. I recently perused an article with the title, "Life Is Good, So Why Do We Feel So Bad?" by Gregg Easterbrook. To summarize:

  • Unemployment is low (5.5%).
  • Income is rising ahead of inflation.
  • Even with the current media-induced housing market, the average home is still worth 30% more than it was in 2000.
  • Only 6% of Americans actually have "threatened" mortgages, and the majority of those will keep their homes.
  • Inflation is getting a great deal of press for being on the rise, however the 16 years prior to 2008 were almost inflation-free!
I could go on, but you get the point. The real question is where do we go from here?