Posts belonging to Category Jobs

Food for Thought: Does the U.S. Face a New Great Depression?


Many developed nations have borrowed and spent beyond their ability to repay their debt. Central banks around the world are faced with complex decisions on the best policies to improve liquidity. When economists weigh in with solutions, they fall into one of two groups ? those who want to borrow more and put more money […]

How Problems in Europe are Likely to Impact Investors


While the results of the election in Greece have given a sense of relief, it may only be temporary. The revolutionary party, which is seen as favoring a Greek exit from the Euro rather than accepting the austere terms of a bailout, almost won and may well win in the next election. By the time […]

Repression of Middle Class Fosters Discord in America


“I’m mad as hell, and I’m not going to take it anymore!” That seems to describe the general feeling among people as diverse as Tea Party members and Occupy Wall Street types. It also captures the mood of a vast middle class of America that is fed up with our institutions of finance and government […]

Layoffs Loom for More Senior Level Securities Professionals


More Wall Street jobs cuts are expected as deal-making, capital-raising and lending have been severely crimped by the global economic downturn. The resulting lower revenues are making a new round of layoffs increasingly likely (“On Wall St., few places to hide as jobs ax hovers,” Reuters). As the article implies, the cuts have reportedly even […]

Layoffs at Wall Street Firms Begin to Reach Senior Levels


It is widely known that Wall Street firms have been cutting jobs since the financial crisis. Recently, Goldman Sachs began laying off upper middle-tier personnel, such as managing directors. Managing directors are compensated at levels below “partnership managing directors” at Goldman (the equivalent of “senior managing directors” at other firms), but above the junior vice […]

Wall Street Firms Apparently Planning Massive Job Cuts


Wall Street banks could soon cut as many as 21,000 jobs in New York alone, say Wall Street consultants and recruiters. Worldwide cuts could be even larger (“Large layoffs loom on Wall Street,” Stephen Gandel, CNN Money). While the stock market is up this year, and many smaller investment banks have been hiring, and the […]

Crowdfunding Law Raises Many Questions, a publication geared specifically for finance executives, says that the JOBS Act may not be all it’s cracked up to be, as there are both more new regulations and less incentives for start-ups to go public than has previously been reported in some financial publications (“JOBS Act Turns Spotlight on Crowdfunding,” by Sarah Johnson, […]

Student Loan Worries Grow


Student loan debt problems are lurking on the horizon. Americans owe $1 trillion on college student loans, more than they owe on credit cards, which is too much. 2010 graduates owed $25,250 on average (up 5 percent from 2009). Parents of 2010 graduates owed $34,000 on average. More parents are going into debt to pay […]

Household Wealth in the U.S. Continues to Decline


U.S. household net worth fell 4 percent to $57.4 trillion, the sharpest drop in over two years, and Americans’ stock portfolios fell 5.2 percent in the third quarter. About 50 percent of Americans own stocks or stock mutual funds. (“Wealth in U.S. takes big hit,” Atlanta Journal Constitution).

Occupy Wall Street Protests Expand in the Face of Repression


It’s getting rough and rowdy as Occupy Wall Street protesters attempt to shut Wall Street down and police try to clear them out. Protesters marched from their former home in Zuccotti Park and blocked intersections near the New York Stock Exchange. Police hit and shoved some of them, and reporters saw one woman pinned to […]