Does anyone have a dollar stretcher I could borrow or could I pick from your money tree? Isn’t this something that most of us are wishing for right now. Unemployment rates are at an all time high and it seems that cutbacks and instability are have become a permanent part of our thinking.
I have often wondered how it would be to live in a country that gets hit by bombs on a regular bases or where there is fighting in the streets. What is the mindset of those that live there? How do they survive from day to day? I know this is an analogy that is dealing with life and death but I think most of us can apply it to our outlook of our job stability. It’s called conditioning.
Times have changed. Not too long ago the mindset of most Americans was that you would get a stable job and could stay with that company until you retire, if you wanted to. You would have a retirement and insurance waiting for you at the end of that duty. Not so today, there are very few companies left that would fit this model and so we have gradually had to shift our paradigm in a new direction. We now have become conditioned to know that we can’t rely on a job anymore. We have to think and plan now like someone that lives in a country like I mentioned above. We have to think outside of the box, plan more and make escape routes for when war breaks out or when we hear the bomb siren going off. We may even travel lighter now and not grow roots as deep because we may not be staying in one location. For most of us life has changed. It’s not doom and gloom it’s just life and we survive.
We lean more on each other. We lend a helping hand and we gain a stronger appreciation and love for fellow human beings.
US economy, though sluggish, may now be sturdier
23 Jul 2014 | 4:26 pm
Economists worry rising wages may catch the Fed off guard
23 Jul 2014 | 4:20 pm
By Lucia Mutikani WASHINGTON (Reuters) - Wages may be growing at a faster clip than envisaged by U.S. policymakers, with a recent raft of business surveys showing an increase in the number of companies raising compensation. One closely watched wage growth measure, a gauge produced by the National Federation for Independent Business, has reached a seven-year high. A turn in this index, which began moving up late last year, historically has been followed by a pick-up in wage growth nine months later. "The biggest threat to the Fed's policymaking is that six years of not having to deal with wages doesn't allow you to understand how wages will change when you come back to a more normal full-employment type of economy," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.
Gaza bloodshed deepens as airlines shun Israel
23 Jul 2014 | 3:53 pm
By Nidal al-Mughrabi and Crispian Balmer GAZA/JERUSALEM (Reuters) - Gaza fighting raged on Wednesday, displacing thousands more Palestinians in the battered territory as U.S. Secretary of State John Kerry said efforts to secure a truce between Israel and Hamas had made some progress. In a blow to Israel's economy and image, American aviation authorities extended a ban on U.S. flights to Tel Aviv for a second day, spooked by rocket salvoes out of the Gaza Strip, with many other global airlines also avoiding the Jewish state. Hamas leader Khaled Meshaal, speaking in Qatar, praised the group's fighters, whom he said had made gains against Israel and said he supported a humanitarian truce but a ceasefire would only be acceptable in exchange for easing Gazans' plight. Adding to the pressure on Israel, U.N. High Commissioner for Human Rights Navi Pillay said there was "a strong possibility" that it was committing war crimes in Gaza, where 687 Palestinians, mostly civilians, have died in the fighting.
World Bank lauds India PM, offers billions in aid
23 Jul 2014 | 3:43 pm
The World Bank on Wednesday offered India up to $18 billion in financial support over the next three years while lavishly praising new right-wing Prime Minister Narendra Modi's "ambitious vision" for the country. Modi's Hindu nationalist Bharatiya Janata Party was elected in May with the biggest electoral majority in three decades on pledges to revive India's sluggish economy, ousting the scandal-tainted, left-leaning Congress party. Speaking at the end of a three-day visit to India, World Bank president Jim Yong Kim told reporters he was hugely impressed with Modi's "comprehensive and extremely ambitious vision for the country". "I am more optimistic leaving (about India's prospects) than when I arrived," Kim said following talks with Modi and Finance Minister Arun Jaitley to discuss the new government's development priorities.
IMF sees US growth at weakest since recession
23 Jul 2014 | 2:58 pm
WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
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