Posts filed under “Video”
Raskin starts at 3:30
Federal Reserve Governor Sarah Bloom Raskin:
I became interested in this question of quality somewhat by accident. I did something atypical one day. I decided on my way into work I would stop at a jobs fair. There was a jobs fair at a local community college close to my home and I thought, I’m going to, you know, instead of pounding through all this heavy data that we typically look at at the board of governors, let me just go into this job fair. It turned out to be a really interesting morning, I have to say.
I should preface this by saying – purely anecdotal here, this is not something that is going to count as hard science or pass much muster in terms of statistical significant. But it was really interesting to me.
I went in and I have to say the kinds of jobs that were being offered surprised me. There were a number of restaurant jobs, some jobs from the military. There was one job from a community bank. Then there were a slew of jobs from, of all places, swimming pool companies. I thought that was kind of interesting. When I inquired about what these jobs were, they were lifeguard jobs, which I thought also was quite telling because back in the day to be a lifeguard I didn’t think quite required an advanced degree. These were the kinds of jobs we got in high school summers, I thought.
I was about to leave when I did see a sign that actually said IT jobs. So I thought, ‘here we go, here is going to be something pretty significant.’
So I went up to the person behind the both and they said, ‘we’ve got two kinds of IT jobs here: we’ve got armed security jobs, and we’ve got cyber security.’
So I thought, well, I’m probably not the armed security type, so tell me about the cyber security jobs.
This is how you go about getting it. You take your resume and you put it into a database. And this firm essentially collects resumes and then they kind of troll for government contracts. And when they find a government contract that might use your resume then they call you. Then you might actually get a job.
‘So what I need to do is put in my resume and then I’ll be able to get this job?’ And she said ‘yes.’
And I said: ‘while I’m waiting can I go to some other firms and throw my resume into their databases as well?’
And she said ‘oh no, you can’t do that, because you’re going to sign a letter of intent.’ And that letter of intent is basically an exclusivity agreement that says that by putting your resume in here you agree to not put your resume anywhere else.
I said ‘well, gosh, that’s going to be kind of rough. But tell me: what are the percentage chances that I’ll get a job?’
‘You know, we’re doing pretty well. Maybe a 25 percent chance.’
‘How do these jobs pay?’
‘They pay by the hour.’
‘Do they pay benefits?’
‘No benefits, it’s a straight hourly job. And it’s temporary so it’s going to be until the government contract is completed.’
This was really eye-opening for me.
Hat tip Reuters
This is from 1 year ago, and is suddenly very relevant:
Information technology has become a ubiquitous presence. By visualizing the processes that underlie our interactions with this technology we can trace what happens to the information we feed into the network.
The hype surrounding alternatives, such as hedge funds, comes too heavily from those collecting fees from the asset class–and many institutional investors are being fooled, according to Jay Youngdahl, a senior fellow at Harvard University’s Initiative for Responsible Investment and a health plan trustee.
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February 14, 2013
Episode 463: How To Get A Country To Trust Its Banks
June 04, 2013 9:21 PM
At 2:50 pm on April 15, two bomb blasts turned the Boston Marathon finish line from a scene of triumph to tragedy, leaving three dead, hundreds injured, and a city gripped by heartbreak and terror. Less than five days later, the key suspects were identified and apprehended with one dead, the other in custody. How did investigators transform the chaos of the bombing into a coherent trail of clues, pointing to the accused killers? NOVA follows the manhunt step by step, examining the role modern technology—combined with old-fashioned detective work—played in cracking the case. Given hundreds of hours of surveillance and bystander videos, how did agents spot the suspects in a sea of spectators? Why couldn’t facial recognition software I.D. the criminals? How much could bomb chemistry analysis, cell phone GPS, infrared imagery, and crowdsourcing reveal about the secrets behind this horrific crime? With the help of top criminal investigators and anti-terrorism experts, NOVA explores which technological innovations worked—and which didn’t—and how the world of crime fighting could be transformed tomorrow.