Skip to main content

U.S. Grads Work As Waiters While Italy’s Remain Jobless

Federal Reserve Chairman Ben S. Bernanke last month said persistently high U.S. unemployment was causing "enormous suffering," even as he expressed confidence that the jobless rate would eventually return to pre-recession levels, as it has in past downturns.

The situation is especially acute among America's youngest workers, who are battling an unemployment rate that's remained at or above 16 percent for the longest period in postwar history.

Oliva, 35, hasn't held a year-round job since she graduated from the University of Naples with an art degree 12 years ago, and now manages a bar near Rome. Wright, 22, who got his B.A. in history from Middlebury College in Vermont four months ago, moved in with his parents in Queens, New York, because he is unemployed.

"I knew it would be difficult, but I thought I'd have a job by now," said Wright, who began seeking work in April and says he lost count of how many resumes he's sent out. "All of these places I'm applying to say they want prior experience, but how am I supposed to gain experience if I can't get a job?"



Popular posts from this blog

Future of oil is bleak. By 2030, 95% of people may not own private cars which would wipe off the automobile industry

A futurist and clean energy expert, Toni Seba, has predicted that electric vehicles would destroy the global oil industry after a decade. By 2030, 95% of people won't own private cars which would wipe off the automobile industry, he says.

Boeing and JetBlue Airways have announced they would begin selling a hybrid-electric commuter aircraft by 2022. Planned by start-up Zunum Aero, the small plane would seat up to 12 passengers and reduce travel time and cost of trips under 1,600 km.


Can Herbalife 'Afresh' cause insomnia(sleeplessness) and heart problems?

Here is another "great" product from Herbalife. Marketed as an ENERGY drink mix. Few people know it contains Gurana seeds which have no active compound giving artificial energy other than caffeine. Afresh also contains additional caffeine

Ingredients of Herbalife Afresh Energy Drink Mix:
Maltodextrin, Orange Pekoe Extract, Guarana Seed Extract, Acidity Regulator - 330 and Caffeine Powder.

Side effect include insomnia, sleeplessness and heart problems, It is especially harmful for people with High blood pressure.

PPF interest rate cut to 7.9% but are other investment options better? Here's a comparison

The Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%. 

"This is quite impressive for an option that offers assured returns," says Amol Joshi, Founder, PlanRupee Investment Service. "Investors should continue to take advantage of this long-term tax-free product," he adds. 

Even if you compare the PPF rate with the 10-year government bond yield, the scheme is attractive. "The 10-year bond yield is a better benchmark for PPF than consumer inflation," says Manoj Nagpal, CEO, Outlook Asia Capital
Currently, the 10-year bond yield is around 6.8% and the PPF at 7.9% makes it for a premium of 110 basis points. "Historically, the average premium has been around 75 bps. So, the PPF investor is today earning a higher real return," says Nagpal. Even so, some investors may be feeling disappointed by the cu…