Entries Tagged 'Jobs' ↓

Snakes in Suits – When Psychopaths Go To Work – a book review

Snakes in Suits – When Psychopaths Go To Work (by Paul Babiak and Robert D. Hare 2006)

Snakes in Suits

Once upon a time, I was employed to run a department within a non-profit organization funded by grants.

The other department heads along with the director often worked away from our office.

Moreover, the director lived in a far away town. He only came into work two times a week and slept overnight in the building. He needed an Administrative Assistant to take over day-to-day operations, and quickly.

I was on the hiring committee along with another department head. My job was to check out applicant references.

When “Cynthia” was being considered, I reported to my boss, “They liked her, but they all said they didn’t work directly with her. That’s a red flag, you know.” He grunted and said nothing.

Charmed by this tall elegant-looking woman, he and the other department head hired her. She became the bane of my life, not only my life but the lives of all of the other employees.

The director gave Cynthia unlimited power over purchasing as well as day-to-day operations. Starting with an expensive silver pitcher on her desk Cynthia spent money like water…

Within a couple of weeks, Cynthia took the organization’s credit card and went to Europe for a month, claiming she couldn’t come back because she had picked up a disease that’s only found in tropical areas of the world. Continue reading →

Will Trump’s Mexico Plan Work? Yes, But…

The Mexico plan

Trump’s plan for Mexico is to (A) stop US manufacturing corporations from moving to Mexico, and (B) bring back those jobs to the United States.

Steps in Trump’s Mexico plan:

(1) Deport as many illegal immigrants as possible in the US from Mexico back to Mexico

(2) Persuade US corporations in Mexico to leave it and bring  back jobs to the US by giving them huge tax breaks and subsidies

(3) Build a giant Wall all along the US/Mexican border

(4) Levy a huge tax (like a 20% tariff) on imports of goods from Mexico into the US

What does each step accomplish?

Continue reading →

Will We See Inflation in 2017?

Now that the US Presidential election is decided, it’s time for us all to try to anticipate what it might mean for each of us. For some, inflation would be a good thing; for others it won’t be. You know what it would mean for you.

Many people, and particularly investors, seem to be convinced that Fed raises in interest rates will bring on inflation. Why? That’s what has happened in the past.

But we are in a whole new world right now. A world that will be hugely shaped by Donald Trump and company. And by robots which Oxford University experts expect “will replace almost half of all American jobs in the next two decades.”

During his campaign, Donald Trump counted on corporations’ ability to step up and provide new jobs for Americans via funding infrastructure projects using their own money.

Trump soon ran into trouble, halving his estimated spending on new jobs from $1 trillion into $500 billion. My last post, “The Emperor Has No Clothes,” explained why even that estimate might be too much.

The Fed is hoping that an interest-rate rise in the cost corporations pay to borrow capital will bring on a cycle of new investment by corporations. But right now, making capital more expensive will not encourage corporations to spend more.

As of spring 2016, 99% of 2,000 US corporations were deeply in debt. Only 25 large companies hold half of all US corporate cash. Even the amount of cash the richest companies hold is nowhere near the billions of dollars needed for new jobs. Continue reading →