By Dean Baker, Co-Director of the Center for Economic and Policy Research
It is amazing how people in Washington are so forgiving -- of each other. We have close to 15 million people unemployed and more than 8 million people under-employed because the folks managing our economy were incompetent.
In spite of the efforts of economists and policy types to portray the cause of the economic collapse as being complicated, it wasn't. It was really really simple. Prior to the downturn the economy was being driven by an $8 trillion housing bubble. This led to a boom in residential construction. (A separate bubble in commercial real estate led to a boom in non-residential construction.) The equity generated by the housing bubble also led to a surge in consumption, with the saving rate falling to almost zero at the peak of the bubble.
It was inevitable that the bubble burst. Bubbles do that. They lead to an over-supply and eventually we run out of suckers willing or able to pay bubble-inflated prices for houses. The collapse caused the economy to lose $1.2 trillion in annual demand from the private sector. Annual construction spending fell back by close to $600 billion and consumption fell by roughly the same amount as a result of the loss of housing wealth.
There is no mechanism that allows the economy to easily replace this much demand. Hence we were guaranteed a severe downturn, without massive amounts of spending by the government.
For the rest of the article go here: http://huff.to/d2myQi
Tuesday, July 20, 2010
Friday, July 16, 2010
Never stop questioning
The important thing is not to stop questioning. Curiosity has its own reason for existing. One cannot help but be in awe when he contemplates the mysteries of eternity, of life, of the marvelous structure of reality. It is enough if one tries merely to comprehend a little of this mystery every day. Never lose a holy curiosity.
-Albert Einstein
-Albert Einstein
Friday, July 9, 2010
TheGreat Leaders Conference is coming together! 10.7.2010
The Great Leaders Conference will honor well-known CEOs as Great Leaders in Corporate Social Responsibility, Social Advocacy, Social Media, and Innovation. The event will raise awareness for CSR, and demonstrate how business leaders use their social influence to give back. The Conference will shine a light on the accomplishments of these great CEOs, and inspire other business leaders to initiate socially responsible programs.
The Great Leaders Conference is a CSR event. Proceeds from the Conference will fund 15 libraries for Room to Read, providing books and learning environments for 50,000 children in some of the poorest regions of the world.
The GLC is an invitation-only event for C-Suite and Senior Executives from across all industries.
I am honored to have the opportunity to work for BRANDfog in developing Talent for the Great Leaders Conference, NYC. www.brandfog.com
The Great Leaders Conference is a CSR event. Proceeds from the Conference will fund 15 libraries for Room to Read, providing books and learning environments for 50,000 children in some of the poorest regions of the world.
The GLC is an invitation-only event for C-Suite and Senior Executives from across all industries.
I am honored to have the opportunity to work for BRANDfog in developing Talent for the Great Leaders Conference, NYC. www.brandfog.com
Thursday, May 13, 2010
World M.S. Day 5.26.2010
Why World MS Day?
Multiple sclerosis (MS) is a chronic, often disabling disease. It is one of the most common disabling neurological conditions amongst young adults in the northern hemisphere. Over 2,000,000 people in the world have MS. The aims of world MS day are to raise awareness and mobilise the global movement
How can I help?
The focus for World MS Day this year is employment. You can take our employment and MS survey (we will release the results on 26 May 2010), take part in an MS society activity, organise an activity, or donate.
http://www.worldmsday.org/home
Multiple sclerosis (MS) is a chronic, often disabling disease. It is one of the most common disabling neurological conditions amongst young adults in the northern hemisphere. Over 2,000,000 people in the world have MS. The aims of world MS day are to raise awareness and mobilise the global movement
How can I help?
The focus for World MS Day this year is employment. You can take our employment and MS survey (we will release the results on 26 May 2010), take part in an MS society activity, organise an activity, or donate.
http://www.worldmsday.org/home
Tuesday, April 13, 2010
How it's Done in other Countries
Health Care is not just for the Lucky or the Wealthy
Plenty of countries get health care right: http://bit.ly/cqZuPx
Plenty of countries get health care right: http://bit.ly/cqZuPx
Tuesday, March 9, 2010
MS Awareness Week is March 8-14, 2010
National Multiple Sclerosis Society wants you to move it! MS Awareness Week is March 8-14 and there are so many ways to move it toward a world free of MS!
http://tinyurl.com/y9l5tq8
http://tinyurl.com/y9l5tq8
Thursday, March 4, 2010
Using CSR To Attract (and keep!) Millenial Workers
This is re-printed from Helping Hand Rewards
http://tinyurl.com/yaptqyy
by Hinda Incentives
The unconventional is slowly becoming conventional.
According to an article by The Economic Times, more young entreprenuers are opting for less conventional career paths, looking to pursue social missions using for-profit business models. Many people agree that younger entreprenuers are a model for necessary change in how we do business. Not only making money, but helping others and creating better sustainability in the process (also known as social enterprises). These business ideals are becoming more and more mainstream with Generation Y and Millenial workers. It’s the ideal that business is no longer just about making money but making the world a better place in the process.
There are several other like-minded workers that have a passion for sustainability but without the ability to pursue their own private venture. What makes this sort of talent choose which organization they want to work for? For these folks, an organizations involvement in social responsibility will have a huge impact on how they ultimately choose (and more importantly remain with) an employer. How a company gives back, whether it be through volunteer time, money, or using fair trade products as corporate gifts, influences a person’s view and/or loyalty toward that organization.
How are you using social responsibility to maintain employee engagement and loyalty?
http://tinyurl.com/yaptqyy
by Hinda Incentives
The unconventional is slowly becoming conventional.
According to an article by The Economic Times, more young entreprenuers are opting for less conventional career paths, looking to pursue social missions using for-profit business models. Many people agree that younger entreprenuers are a model for necessary change in how we do business. Not only making money, but helping others and creating better sustainability in the process (also known as social enterprises). These business ideals are becoming more and more mainstream with Generation Y and Millenial workers. It’s the ideal that business is no longer just about making money but making the world a better place in the process.
There are several other like-minded workers that have a passion for sustainability but without the ability to pursue their own private venture. What makes this sort of talent choose which organization they want to work for? For these folks, an organizations involvement in social responsibility will have a huge impact on how they ultimately choose (and more importantly remain with) an employer. How a company gives back, whether it be through volunteer time, money, or using fair trade products as corporate gifts, influences a person’s view and/or loyalty toward that organization.
How are you using social responsibility to maintain employee engagement and loyalty?
Subscribe to:
Posts (Atom)
Followers
Blog Archive
About Me
- Beth
- Greater NY Area, NY/NJ, United States
- I am an executive recruiter with 10 years experience in corporate recruiting and human services.