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The value of your major in college

This is a very controversial topic. What should you have in mind when choosing a college major?

On the one hand, it’s very important to study something you enjoy. If you do that you will likely excel or at least do better, and then you can think about how to turn that degree into a career. If you love English or History, this thinking says you should pursue these majors.

On the other hand, particularly if you’re taking out big loans, to what extent is it important to study something that will lead to an actual career? Majors like engineering and accounting come to mind.

This article examines the topic from the perspective of turning your major into a career.

The student might say, “English,” “psychology,” “political science” or “engineering.”

And then, in my mind, after factoring in some other information, I say to myself “job” or “no job,” depending on the major.

An English major with no internships or any plan of what she might do with the major to earn a living? No job.

A political science major with no internships that could lead to a specific job opportunity? No job, I think.

Engineering major with three relevant internships in the engineering field? Ding. Ding. We have a winner. Job.

Read the entire article.

In one sense, it tilts too far to the career area. Yet it brings up an important point. Too many college students have no idea how they can earn a living after college, and WAY too many of them are taking out huge loans and then selecting majors that will make it very difficult for them to repay those loans whiles earning a living.

The bottom line is that all factors have to be considered. I think it’s important that college students pursue an education. College has to be much more than just a vocational program.

Yet you have to have common sense. Maybe you can get that English degree at a great public university instead of a small liberal arts school that costs $50,000 per year. This way if you decide that grad school makes sense for your career after you get that English or History degree, you’ll be in a much better position financially to make that decision.

Jobless claims plunge

The news on jobs keeps improving.

Weekly jobless claims moved sharply lower, while inflation remained tame and housing starts unexpectedly weakened in December, according to a set of data painting a mixed picture of the economic recovery.

Weekly unemployment benefit applications dropped to 352,000, the fewest in nearly four years.

The buzz out there is that manufacturing is a big part of the rebound.

It will be interesting to see how the improving job situation will affect the 2012 presidential election.

Economic news keeps improving

It’s time to get back out there. Demand is picking up from everything including consumer products and being reflected in rising used car prices. We just heard that credit card debt spiked at the end of 2011. This is a huge sign that people are getting more optimistic about the economy. When people start feeling better, they spend more. When they spend more, businesses realize they need to ramp up production and supply. This is econ 101, so the job you were looking for last year might now be available this year.

It’s been a rough 3 years since the bottom fell out of the housing market and then the job market. Many people have given up looking for work. But now is the time to get optimistic and aggressive. Don’t sit on your hands. Dust off your resume, go back to all your old contacts and also get creative. There are new fields opening up. Did you know there was a domestic oil and gas boom going on? Read the business sections of newspapers and web sites.

You just might find your self in a great position earning a living wage again. You can finally dump your old car and you’ll be driving a used Porsche 911 that you’ve been dreaming about. Maybe you can put a bid on that cool house that just went through foreclosure. Or get your old house back!

It’s time to think differently. It’s a new year, and the sentiment out there is changing. Take advantage of it!

Unemployment drops to 8.5%

Slowly but surely, we’re starting to see a rebound in the US economy. Manufacturing is picking up, consumers are spending more and companies are starting to hire. The unemployment rate has now dropped to 8.5% after the economy added 200,000 jobs in December.

The jobs report builds on a several new indicators pointing toward an economy on the upswing.

The government reported Thursday that claims for unemployment benefits declined in the final week of December, moving the average over the past four weeks to its lowest level in more than three years.

The Institute for Supply Management reported this week that its employment index for December was 55.1, the highest reading since June. A reading above 50 means that more companies are creating jobs than cutting them.

The nation’s factories have added more than 300,000 jobs since the beginning of 2010 — about 13 percent of what was lost during the recession — marking the first sustained increase in manufacturing employment since 1997, according to the Bureau of Labor Statistics.

Auto sales in December were up, continuing their substantial improvement from the summer. And for all of 2011, vehicle sales rose 10 percent.

The auto numbers are critical. For example, Chrysler sales keep increasing and the company is adding jobs.

The economy has added jobs for 15 consecutive months so there is reason for continued optimism.

If you’ve been out of work and have given up, go back and start looking again.

How to publish your own e-book

The publishing industry is going through a revolution, as e-books are making it easy for anyone to get published. If you’re a writer or you’ve though about writing a book, your best option still might be getting a well-known publisher interested in your book. But we all know that this can be incredibly difficult.

But now it’s very easy to write a book and have it self-published as an e-book. Amazon and Barnes & Noble make it very easy to do this on your own and sell it through their online stores.

Here are some articles to help you through the process:

The NY Times has a helpful how to article for e-books.

The 4-Hour Work Week guy has a great article on this subject.

Mashable.com discusses CreateSpace, and CNET covers the same topic.

Do your research and you’ll find the best option for you. It can be very profitable, and it can also launch other careers like public speaking.

Unemployment falls in the states

The good economic news continues.

Unemployment rates fell in 43 states in November, the most states to report such declines in eight years.

The falling state rates reflect the brightening jobs picture nationally. The U.S. unemployment rate fell sharply in November to 8.6%, lowest since March 2009. The economy has generated 100,000 or more jobs five months in a row — first time that’s happened since 2006, before the Great Recession.

Only three states reported higher unemployment rates in November, the Labor Department said Tuesday. Four showed no change.

Other good news today came in the form of housing starts. People aren’t buying home so many people are renting. Now the construction market is responding as more apartment buildings are going to be built. This might be good news for construction workers around the country.

GOP wants unemployment drug testing

In another attempt to blame workers for our weak economy that was triggered by massive abuses and fraud on Wall Street, Republicans in Congress are now trying to tie unemployment benefits to drug testing.

During a debate on the floor of the House of Representatives this week, Rep. Tom Reed (R-N.Y.) suggested the unemployed can’t find jobs because of their own bad decisions.

“I have been back in my district, and we do town halls all the time,” Reed said. “And what I’ve heard from small business owners across our district is that one of the main reasons that they cannot hire individuals is because they simply cannot pass a drug test.”

This year more than ever, Republicans have brought up again and again the topic of unemployed people using drugs. Lawmakers in a dozen state legislatures pursued jobless drug testing bills in 2011, according to the National Association of State Workforce Agencies, in an unprecedented flurry of legislative activity on the issue. But a major obstacle to those proposals is that federal law does not allow states to deny unemployment benefits for reasons not related to the circumstances of a person’s unemployment — though 20 states do have laws disqualifying workers from receiving benefits if they’re fired for a drug-related reason.

The legislation percolating through the states culminated in Congress, where Republicans in the House of Representatives passed a bill on Tuesday to allow states to do all the drug testing they want. NASWA director Rich Hobbie, who’s worked in the unemployment insurance field since 1975, said it’s the first time a bill to drug test the unemployed has made it so far. The fate of the provision is currently in the hands of Senate Majority Leader Harry Reid (D-Nev.), who has said he finds it ridiculous.

The War on Drugs has been an abject failure, but these idiots want to expand it. How pathetic.

Drug testing in the workplace makes sense where safety is an issue. Other than that it’s an invasion of privacy. These people call themselves conservatives, but they just want to impose their own version of the nanny state.

Jobless claims continue downward trend

Are we finally seeing light at the end of the tunnel?

Last month the unemployment rate dipped to 8.6%, and now we continue to see better numbers as it relates to weekly jobless claims.

The number of U.S. workers filing new applications for unemployment benefits fell to the lowest level in three-and-a-half years last week, the latest indication that a weak labor market is improving.

Initial jobless claims fell by 19,000 to a seasonally adjusted 366,000 in the week ended Dec. 10, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires had forecast claims would climb by 9,000 to 390,000.

“This is unexpectedly great news,” said Ian Shepherdson, chief U.S. economist at High Frequency Economics. “If claims can remain at this level, payroll growth will strengthen markedly within a month or so.”

For the week ended Dec. 3, claims were revised up slightly to 385,000 from an originally reported 381,000. Still, new claims have fallen by 19,000 two weeks in a row.

The four-week moving average of new jobless claims, closely watched by economists because it smooths out volatile weekly data, dropped last week by 6,500 to 387,750. That is the lowest level since July 2008.

The four-week average has remained below 400,000 for five consecutive weeks, one sign the economy is adding more jobs than it is shedding.

If you’ve been looking for a job but have become discouraged, now is the time to get back out there and redouble your efforts. The economy has some momentum, and economic optimism is returning. Right now Europe seems like the most important headwind for economic growth, but conditions here at home are getting better. Car sales are improving and that is one of the factors driving economic activity.

3 Things A Business Degree Student Could Learn From Silvio Berlusconi

Silvio Berlusconi. REUTERS/Remo Casilli (ITALY – Tags: POLITICS TPX IMAGES OF THE DAY)

Everyone needs an icon, an inspiration, someone who shows just how much can be down and how well. Not necessarily a role model, because the most successful people tend to have extremely negative qualities, but even the most evil character can teach some important lessons. For example: Darth Vader teaches you the value of presentation, black is always in fashion, and don’t jump uphill at a man with a light sabre, you idiot.

But since the dark lord of the Sith isn’t a great exemplar for business degree students (the profit/loss sheet on the Death Star is horrifying), we’ve looked for a more down to Earth villian. Italian ex-prime minister Silvio Berlusconi is a glory of capitalism. He is at least four different male fantasies crammed into one body. He’s made more money than Midas, twisted the law into shapes which would confuse Escher, and scored with more women than the entire population of several colleges.

What lessons can a business degree student take from this mastermind?

Networking

The single most important lesson in any business degree is networking, and Silvio masters this the same way Genghis Khan mastered making first impressions: way harder and better than anyone had ever dreamed possible, and than most people had even had even had nightmares about. Mr Berlusconi has a more powerful network than most Yakuza and uses it much more blatantly.

If you don’t make connections during your business degree it might as well be a piece of novelty toilet rule. Luckily modern technology means you can mingle without ever having to stand up, which is great, because when you work online you can take the time to craft the perfect image. Or, like Silvio, you can just own most of the TV stations and tell them to do it instead.

Think Big

No-one gets a business degree because they want to be a faithful secretary. It’s more a Gordon Gecko without the bad ending thing, power and riches and most importantly the feeling of doing something worthwhile with your time. This means you have to aim high and just keep climbing, an no-one solved his problems by aiming higher than Silvio. When his businesses were under legal investigation, he became the government and changed the rules. When Medusa cinemas were investigated for embezzling five million Euros, the judge decided that Silvio probably had nothing to do with it because the amount is too small. When you’re excused on the grounds that you couldn’t be bothered with a paltry seven digits, that’s the success of thinking big.

Understand The Rules

The most important thing in any project is a clear understanding of the rules. Some will say that this is to make sure you obey them, but come on, we’ve already mentioned Gordon Gecko and Silvio Berlusconi in this article. Sure, Berlusconi might have been finally forced to resign as prime minister, but he still has more money and sex than everyone you know put together.

The real reason you need to understand the rules is to succeed as quickly as possible. The hardest work in the world doesn’t necessarily, or often, lead to a the best reward. That’s why you’re studying a business degree instead of bomb disposal. A clear set of guidelines means clear targets and knowing exactly what you’re allowed – or able – to do to get what you want. When you study for a business degree you’re practicing dealing with the real world by getting ready to do the same. You have a clear set of tasks and courses to complete and, by far the most importantly, you have total command of your own time and resources to do so. That benefit cannot be overstated. So many jobs are based on sitting down and doing what you’re told – you want to be master of your own destiny. And like Silvio Berlusconi, you want to fill that destiny with money and fun.

Hospitality jobs in South Florida

Certain sectors of the economy are rebounding and jobs are following. Here’s an update on hotel and restaurant jobs in South Florida:

If you’re looking for work in South Florida, try hotels and restaurants.

Broward and Miami-Dade counties now have more people employed in lodging and food service than they did before the recession, and Palm Beach County is catching up to its former peak. Broward alone added 3,800 hotel and restaurant jobs in October from a year earlier, up 5.9 percent, state data show.

The jobs are growing because of record tourism in South Florida, as the U.S. economy recovers and visitors arrive from across the country and from Canada, Europe and Latin America. Broward set a new tourism peak for the 12 months ending Sept. 30: 11 million overnight visitors who spent $9 billion, the county’s travel bureau said. Tourism experts expect continued growth at least through 2012.

The job trend holds statewide, with hospitality leading Florida’s job recovery. Hotels and restaurants employed 31,700 more people this October than last, up by 4.4 percent to a new state record, data show.

Some new employees are coming from other fields, where work is less plentiful, including construction.

This is good news, as strong sectors should rebound first. South Florida is a mecca for tourists, so as the tourists come back, signaling a return to normalcy, then we see these hospitality jobs come back. Tourists and hospitality workers then spend money, fueling a broader recovery in the region.

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