Aug 15 2013

The scam of unpaid internships: How companies exploit free labor from students under the guise of unpaid internships.

Many people have taken on internships that were unpaid merely to learn some transferable skill or to build a solid network.  This was okay in a time when graduating students had little debt and higher education was more affordable.  Today some companies have used interns as a source of free labor without adding any benefits […]

Sep 9 2011

How Wall Street and the media forgot about the middle class – 10 incredible charts highlighting the problems facing the middle class. China labor costs, debt ratios, Euro-zone finances, and balance sheet disequilibrium.

The mainstream press and ego driven politicians have completely forgotten about the middle class in this country, pretending as if ignoring the cacophony of discontent would simply make it go away.  Both parties are simply doing the bidding of the financial upper-crust and that is why you rarely hear about household income being discussed in […]

Apr 8 2010

State and Local Budget Crisis Black Swan – California paying out $100 Million per Day in Unemployment Insurance. Detroit’s Shrinking Population Crushes Revenues. The Employment Situation at a Micro Level.

One stunning statistic that hit this week regards California’s unemployment insurance claims being paid out.  California is paying out some $100 million per day in unemployment benefits.  I’m not sure if I would call it a “benefit” but more as a buffer to get by.  In reality if we really want to get a pulse […]

Nov 30 2008

Black Swan Event: Can This Economic Crisis be Worse than the Great Depression?

Black Swan events are said to be impossible events.  That is until they happen.  The PBS News Hour has an interview with Nassim Nicholas Taleb, the famous economist who authored The Black Swan and his mentor Dr. Mandelbrot who is a professor of Mathematics who has done research on chaos theory.  It is a fascinating […]

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