Dismal news about the American "jobless recovery" in yesterday's NYT. I've always thought the phrase "jobless recovery" illustrates the perfectly idiotic cognitive dissonance at play in financial thinking. If the thing you use to measure the health of your economy has gone up, but no one has a job, then surely you are measuring the wrong thing to gauge the health of your nation.
The outlook this time is not so clear. Starved for jobs at adequate pay, the millennials tend to seek refuge in college and in the military and to put off marriage and child-bearing. Those who are working often stay with the jobs they have rather than jump to better paying but less secure ones, as young people seeking advancement normally do. And they are increasingly willing to forgo raises, or to settle for small ones.
"They are definitely more risk-averse," said Lisa B. Kahn, an economist at the Yale School of Management, "and more likely to fall behind."
In a recent study, she found that those who graduated from college during the severe early '80s recession earned up to 30 percent less in their first three years than new graduates who landed their first jobs in a strong economy. Even 15 years later, their annual pay was 8 to 10 percent less.
In 2013, Lavabit — famous for being the privacy-oriented email service chosen by Edward Snowden to make contact with journalists while he was contracting for the NSA — shut down under mysterious, abrupt circumstances, leaving 410,000 users wondering what had just happened to their email addresses.
In July 2012, professional poker-player Phil Ivey won $4.8M from the baccarat tables at Atlantic City’s Borgata Hotel Casino & Spa in 17 hours; on other occasions, he took a total of $9M out of the Borgata: he did it by asking the house to deal Gemaco Borgata cards, whose backs contained minute asymmetries in […]
Using my iPhone while it’s charging is always a hassle. With tucked-away outlets and the meager length of included lightning cables, comfortable scrolling while plugged in is annoying. These 10-Ft MFi-Certified Lightning Cables are super convenient and probably the best iPhone accessory purchase I’ve made.At over three times the length of normal cables, these reach anywhere you […]
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Computer hacking isn’t just something happening to the DNC. Major software companies need white-hat hackers to ensure the security of their products and users, and I came across a Computer Hacker Professional Certification Package that conveniently teaches those advanced IT techniques online.This course package will prepare you for various computer security certification exams with over 60 hours […]