Ad Agencies unite to find employees — after firing them all.
The centerpiece of the initiative, called Open Advertising, will be a video-focused Web site, openadvertising.aaaa.org, that is to go live on Wednesday. It is meant to address a survey last year that concluded the industry was falling short in its attempts to attract and keep talented employees. The New York Times Reported The problem with [...]
Read MoreMcJob Stats – 1.2 million applied for 50,000 burger flipper jobs.
McDonald’s and its franchisees received more than 1,200,000 applications for a total of 50,000 published jobs. The application to position ratio was placed at 24:1 . Meaning 24 people applied to flip hamburgers for 1 hamburger flipper position open. The company reacted by hiring 62,000 people, moving the ratio to just under 20 applying for [...]
Read MoreBen Bernanke states QE3 is not printing money
Ben Bernanke said fears that the Fed would be printing more money and taking inflation risks through its bond purchases was a “myth.” He said the Fed isn’t printing money when buying Treasuries and the purchase won’t result in a significant expansion of money circulating in the market. We want to get this right Ben, [...]
Read More40,800,000 Americans on Food Stamps
40,800,000 Americans on Food Stamps. The number roughly corresponds with the entire population of the following states and the nations capital: Wyoming Washington DC Vermont North Dakota Alaska South Dakota Delaware Montana Rhode Island Hawaii Maine New Hampshire Idaho Nebraska West Virginia New Mexico Nevada Utah Kansas Arkansas Mississippi Iowa Connecticut Oklahoma Everyone in those [...]
Read MoreWhat’s the next big thing?
Back in the early 1990′s there was this new job creation tool called the “Internet”, tons of venture capital went into every cockmainy idea that some fraudster cooked up and people were employed. It helped bring us out of the early 1990′s recession. In the 2000′s everyone and his brother started flipping houses, contractors sprung [...]
Read MoreAdvertising Recession – More Ad Agencies reporting slowdown
IN the past 3 months some advertising agencies have been reporting a decrease in spends, and client wins are becoming smaller (on average). It appears that based on these reports alone many are bracing for a double dip recession. “Billables though the same client are down at least 25%” one agency executive stated. Another agency [...]
Read MoreMancession : 1 of 6 men not employed
It’s hard to exaggerate how bad the job market is. Here’s one arresting fact: One of every five men 25 to 54 isn’t working. Even more alarming, the jobs that many of these men, or those like them, once had in construction, factories and offices aren’t coming back. “A good guess…is that when the economy [...]
Read MoreAdvertising Agency – how do deal with the recovery
Over the past 2 years, advertising agencies have been dumping people at an alarming rate. in many cases pink slips were flying by the thousands over the course of a day at some of the larger firms. But now you have a problem, if the recovery does take place, how exactly are these firms going [...]
Read MoreThis recession will last 15 years
Mrs. Newby and her husband were forced to walk away from their home in suburban Detroit and are now living here in a rented house with their three children. They are bracing for a huge tax bill in the spring because of early withdrawals they made on her 401(k) and taxes they still owe on [...]
Read MoreBen Bernanke what is the exit plan?
Ben, The Federal Reserve under the quantitative easing policy increased the money supply dramatically. In layman terms it’s generally called printing money. So we have a question we would like you to answer. Where is this money going to eventually end up? See right now the banks are still not lending money out, so it [...]
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