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Get Off the Sidelines and Find Your Job

There isn’t a week that goes by that I don’t receive scores of phone calls and e-mails about the same issue: finding a job. Although recent reports may claim that the Great Recession has come to a close, the jobless rate is expected to reach double-digits in 2010. Moreover, the U.S. Labor Department reports that the jobless are looking for work for longer periods of time: 35.6% have been out of work for at least 27 weeks or more—the highest level since 1948. As for African Americans, the old adage still holds true that when America gets the sniffles, we contract pneumonia. The black unemployment rate stands at 15.4%, and continues to rise.

The FDIC’s ‘Red’ Menace

A few hours ago, news came across the transom that the government insurance fund that protects consumer bank deposits “slipped into the red,” after some 50 banks collapsed between July and the end of September this year. Such headlines are more than a little disturbing for the average bank account-holder. We all know by now that the Federal Deposit Insurance Corporation (FDIC) is the government entity that guarantees the safety of the money we’ve deposited into its member banks.

An Eye for Innovation

David E. Saunders II is the very definition of a growth investor. Saunders seeks high returns by owning a piece of companies that are expected to post revenue and earnings growth in the coming years.

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