Many foreclosures sales are on hold (Robert Galbraith/REUTERS) A number of market watchers and housing analysts are saying that a recent real estate ruling by the Massachusetts Supreme Court could be a big boon for the housing market. While the ruling may reduce the number of houses for sale for the next few months, it’s not [...]
China’s Vice Premier Li Keqiang has been on a shopping spree in Europe – not for fine French wine or the latest Italian fashions, but for greater influence. Just as Europe is desperate for a new source of ready cash, Li has offered up some of China’s vast hoard of reserves to support the struggling [...]
Job seekers fill out applications (Mike Segar/REUTERS) Being a temp is never easy. December was no different. Friday’s job report left many economy watchers scratching their heads. The report showed a much bigger drop in the unemployment rate than was expected in December. The number dropped to 9.4%, from 9.8% the month before. That was [...]
Goldman CEO Lloyd Blankfien has his hands around Facebook’s shares (Jim Young/REUTERS) Goldman Sachs has been trying to wrestle free of its reputation for sucking money out of every market it can. The new Facebook deal won’t help. You don’t have to dig very far to find something vampire squiddy about the deal. Companies over [...]
Still waiting for the right jobs or workers (Shannon Stapleton/REUTERS) The cover story of TIME magazine this week is about the job market. Bill Saporito and reporter Deirdre Van Dyk have done an amazing job of finding employers who want to hire. Kent Niederhofer can’t find enough mechanical engineers to work for him — in [...]
There used to be no safer career path that landing a government post. Sure, you might be able to pull in a bigger salary in the private sector, but it was hard to beat the benefits, or the job security. Public sector labor unions are often politically influential and fiercely protective of the perquisites of [...]
Ah, yes, it’s that time of year again, when we all sit pensively with pen and paper and scrawl out our resolutions for the New Year. In that spirit, I thought I’d lend a hand to the leading figures of global economic policy with a few suggestions of what I think should be on their [...]
This guy’s company may be now worth $50 billion. (Photo: Robert Galbraith/REUTERS) There are a growing number of signs that a bubble is building in tech. The latest and potentially most disturbing: Investors now believe Facebook is worth $50 billion. Facebook is indeed an innovative and very successful company. It has 550 million users, and [...]
