“No president since World War II has been re-elected with an unemployment rate over 7.2 per cent.” That’s a snippet of conventional wisdom that’s been floating around almost since the day that Barack Obama was inaugurated in January 2009, a month that ultimately closed out with an ominous unemployment rate of 7.8 per cent – … Continue reading
India’s internet technology industry continues to expand, despite weak economies in key markets in United States and Europe, thanks to domestic growth and a push into new regions like the Middle East and Africa. Revenues for India’s information technology and outsourcing industries are expected to cross $100 billion this financial year, a 14.8 percent increase … Continue reading
“This paper look at the impact of the economic and financial crisis on pensions policy across Europe, and assesses the first measures proposed and/or introduced in four EU countries. France and Sweden are typical examples of social insurance systems, while Poland and the UK are examples of multipillar systems.” writes David Natali in Pensions after the financial and economic crisis: … Continue reading
We’ve said our goodbyes to Freedom 55 and by the looks of things, it seems we’ll be kicking Freedom 65 to the curb. According to a recent survey done by Sun Life Financial, their annual Unretirement Index poll indicates that approximately three in 10 Canadians are planning to work until 66 or older. Does this … Continue reading
IHG (InterContinental Hotels Group), one of the world’s leading hotel companies with brands such as Holiday Inn, today announced it is creating nearly 3,000 new jobs across its 275 UK hotels over the next three years, including over 1,100 new jobs this year. IHG also announced the launch of its newest hospitality training Academy in … Continue reading
Kannan Ramanujam, president of a well-known multinational IT company headquartered in the US is in the process of preparing a SWOT analysis for his company’s new operations. The choice is between offshoring its activities and utilising a third-party vendor. The company has offshored most of its service delivery processes, both directly by setting up its … Continue reading
Taoiseach Enda Kenny last week ambitiously pledged to deliver more than 100,000 jobs by 2016 through a wide range of measures spanning 15 departments and 36 State agencies. And this weekend, the visit by Chinese Vice President Xi Jinping will focus on developing business opportunities between Ireland and China. Mr Kenny admitted last week that … Continue reading
A new Pentagon policy will open 14,000 — mostly Army — combat-related jobs to women, but only after Army Chief of Staff Gen. Ray Odierno pushed the Army to go further. Critics call the new policy a “baby step” that merely aligns policy with reality without significantly advancing equality within the ranks. The new rule … Continue reading
The Obama administration is undertaking an athletic push to promote manufacturing employment in the United States: proposing giving manufacturers new tax breaks, closing loopholes that benefit companies that send manufacturing jobs offshore, expanding worker training programs and increasing trade enforcement, for instance. The administration underscored manufacturing’s first-among-equals status when announcing its proposed overhaul of the … Continue reading
Job postings that state unemployed applicants need not apply will remain legal as a Republican state House committee rejected a discrimination measure. The House Economic & Business Development Committee voted 7-5 Wednesday against a proposal to forbid employers from stating in job postings that unemployed candidates would not be considered. The measure was proposed by … Continue reading
President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors. The signing, announced in a White House statement, resolves those issues for the rest of 2012, beyond the November election in which … Continue reading
The recent payroll tax deal struck by Congress and signed by President Barack Obama will keep an average of $1,000 in the pockets of 160 million American families through 2012 in addition to enabling tens of millions of seniors to continue seeing the doctor of their choice under Medicare. It also provides unemployment benefits for … Continue reading
Wipro Technologies Ltd. is busting into Brantford, taking over Bell Canada’s intentions to hire hundreds of people and house them at the city-owned Market Square Mall. Wipro is not wasting any time and intends to start advertising for the first 350 full-time jobs in local media Thursday, with a job fair scheduled for its new … Continue reading
The Obama administration keeps reporting supposed good news on the employment front. Americans sense that something is not quite right about the rosy official numbers, and a series of independent reports confirms their skepticism. On Feb. 16, the Congressional Budget Office (CBO) released a report on long-term unemployment showing that the past three years have … Continue reading
When the leaders of this small Iowa city became desperate to land a new department store, they didn’t have to look far: They lured one from the city next door, along with up to 100 jobs. The store called Von Maur agreed to leave Iowa City for a platter of incentives offered by Coralville, which … Continue reading