Posts filed under “Wages & Income”
Depression era flashback:
Remember all of those photos of people looking for work in the 1930s? The sandwich boards that said things like “WILL WORK FOR FOOD” ?
Walking to work on Friday (42nd St and Vanderbilt), I bumped into Paul Nawrocki. He is looking for a job in Operations without much success. He got the idea for the sandwich board from an ex-Lehman employee who found success with it.
You can reach Paul at home 845-831-1802 or on his cell phone 646-584-3900
Email address: firstname.lastname@example.org
Paul, next time, hit our job board . . .
Bob Farrell, Merrill Lynch’s now retired dean of Market Strategy, used to say “News doesn’t drive the markets, markets drive the news.” That’s worth keeping in mind in light of the recent slew of bad news: Bleak forecasts from Cisco (CSCO) and General Motors (GM), slumping sales at retailers, state and municipal budget shortfalls. Then,…Read More
One of the things this election will be notable for is how well the Press is using digital media and interactive pages to dissect the issues and polls. I’ve gathered a slew of them and posted them in the Digital Media Tab. Here’s a terrific example: Forget the polls for a moment, and consider instead…Read More
Interesting piece on how mortgage workers were comped during the heyday by John Quigley, titled Compensation and Incentives in the Mortgage Business. It goes a long way to explaining why so many people did such silly things during the boom: They were well paid to do so! A quick excerpt: The incentive structure that arose…Read More
With Congress recognizing the public’s dismay over this massive taxpayer giveaway, we are starting to see some serious questions about the folks who drove the financial ship of state aground. Hence, its time to take a closer look at pay and severance packages for CEOs at investment houses, banks and mortgage lenders, who perversely stand…Read More
More nonsensical tripe foisted upon the world by W. Michael Cox and Richard Alm again. For those of you who may not recall, they are the senior vice president/chief economist, and the senior economics writer at the Federal Reserve Bank of Dallas. These two have started a cottage industry dedicated to proving how great things…Read More