Job Searching Driving You Nuts?
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These Fortune 100 employers have at least 200 openings each,totaling more than 60,000 jobs. Want to work there? Fortune.com or CNN Money.com asked company representatives what they're looking for - and secrets to getting hired. WASHINGTON — The Senate passed an $18 billion bill on Thursday to restore unemployment benefits for people who have been out of a job for months and resume Medicare payments to doctors about to absorb a 21percent cut.
The 59-38 vote sends the measure back to the House,which was expected to vote and send it for President Barack Obama's signature Thursday (4/15) night.
The vote comes as welcome relief to hundreds of thousands of people who have been ineligible to reapply for additional weeks of benefits after exhausting their state-paid benefits. They will be able to receive those checks retroactively under the legislation.
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Last month, CNNMoney.com reported:If you knew coworkers, former bosses or exes who cheated on their taxes, would you turn them in? The Internal Revenue Service can make it worth your while.
As tax season nears, we all want to get as much money back from the IRS as possible. And while taking advantage of this year's new tax breaks will put some extra money in your pocket, snitching on a tax cheat could make you rich.
In a recent poll from the IRS Oversight Board, 13% of those surveyed think cheating is acceptable, up from 9% in 2008. As the recession puts the squeeze on household finances, the lure of fudging on a tax return is even greater.
The IRS's informant program has been around for more than 140 years. If you suspect a person is committing tax fraud and report it, you could receive up to 15% of the amount that has been underpaid, with a maximum award of $10 million.Informants are required to complete a claim, which is available on the IRS Web site, and mail it to the agency or call the IRS tip line at 1–800–829–0433. While you must reveal your identity to the IRS, your name will not be made public.
If you know any criminals, you can be confident that they are cheating on their taxes. Just be sure that you don't ever come face to face with the person you finger. (If they find out, you might end up with more than just a few missing fingers).
"If we can't find $10 billion somewhere for a bill that everybody in this body supports, we will never pay for anything," he said.
Democrats argued the safety net funds are classified as "emergency" and therefore don't need to be offset.
Starting Monday, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy.
In addition to funding unemployment insurance and the COBRA health insurance program for people who have lost their jobs, the bill would have prevented a scheduled 21 percent cut in Medicare payments to doctors.
Those cuts will technically go into place when doctors' offices open Monday. But because there is a two-week delay processing Medicare payments, a short-term lapse of the program is unlikely to affect payments, according to experts in the medical community and a Senate Finance Committee aide contacted by CNN.
Likewise, unemployment benefits could be delayed -- but if Congress acts next week, they will probably be minor, according to a Labor Department analyst who spoke to CNN. Congress must approve the funds retroactively to make up for the missing days. An aide to Finance Committee Chairman Max Baucus confirmed the Senate will try to pass the funds retroactively.
Other programs involving federal flood insurance, satellite TV licensing, and small business loans, will also go dark until Congress passes extensions.
Actions like this by "old school politicians" should be an example of how ineffective government can truly be. If ONE single knucklehead can prevent millions of people from receiving NEEDED benefits that keep them afloat, then obviously the majority of the politicians weren't smart enough to handle it like "business men and women." Where's the mafia when you need them??
TheNutsCracker
"Someone needs to post his home address online to give all of the people who are negatively impacted an opportunity to 'reach out and touch' this guy."
Job losses during the recession may have been underestimated by close to a million jobs. So instead of employers cutting just over 7 million jobs from their payrolls since the economic downturn began in December 2007, it's expected that the Labor Department's new estimate will be a loss of 8 million jobs.
"It's an enormous understatement of the severity of the crisis," said Heidi Shierholz, labor economist with the Economic Policy Institute, a union-supported think tank. "It confirms that things were actually worse on the ground than what the reports suggested."
The new reading will come when the economists at the department's Bureau of Labor Statistics release their annual revision of U.S. payrolls from April 2008 through March of 2009 Friday, using data that wasn't available as the monthly readings were being estimated and reported.
Typically the revision results in only a slight change in the previous estimate -- about 0.1% to 0.2% of the total number of jobs. But there was nothing typical about the twelve month stretch that ended last March.
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The Congressional Budget Office has been much more guarded than Obama in characterizing the success of the stimulus plan. In November, it reported that the stimulus increased the number of people employed by between 600,000 and 1.6 million "compared with what those values would have been otherwise." It said the ranges "reflect the uncertainty of such estimates." And it added: "It is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package."
For those consumers who want to know what it’s really like to be gouged by a credit card company, check out First Premier Bank. The subprime credit card issuer is experimenting with a new card that hits customers with a 79.9% interest rate.

Don't Fly Below the Radar
Working hard and keeping your head down won't prevent you from becoming a layoff target. To secure your position and have a shot at a decent raise, you not only need to excel at what you do, you have to make sure your boss and other higher-ups notice, says executive recruiter Stephen Viscusi, author of "Bulletproof Your Job."
Seek out high-profile or cross-department assignments, actively contribute at meetings with senior colleagues, and volunteer to take on additional responsibilities -- an especially valuable tactic now, with so many fewer employees around to handle the work load.
Get Paid For Results
Raises will average just 2.7% next year -- the first time in more than 30 years that average pay hikes will fall below 3% for two years in a row, Hewitt reports. Earn a reputation as a top performer and you may nab more: The highest-rated workers will get an average boost of 4.8% in 2010, according to the latest compensation survey from Mercer, a benefits consulting firm.
If your company is among those still freezing base pay, try instead to negotiate a bonus tied to key, quantifiable company objectives: 86% of organizations have some kind of short-term incentive pay program linked to financial goals, operational performance, or customer satisfaction, Mercer notes.
Restore That Salary Reduction
Sure, a pay cut is preferable to a job cut. But if your hours were reduced or your salary slashed outright in the recession, start strategizing about when and how to get that money back.
First read the tea leaves: Have profits improved at your firm? Have layoffs stopped and hiring started? If so, the timing may be right. Prepare examples to prove you're deserving -- showing, say, you've taken on extra duties, worked longer hours, or slashed costs. Then ask your boss for a salary review.
Jump-Start Your Job Search
If you've been out of work for a while -- the average job search now takes 27 weeks vs. 19 last year -- change your tactics. Expand the options by looking at employers in different but related industries or different positions in the same field. Lower your salary expectations -- akin to dropping the price of a house if it's been on the market too long. Update your skills, says executive recruiter Kimberly Bishop, who suggests pulling job descriptions from corporate Web sites and comparing your experience with what companies are looking for. Then take a class -- you've got time, right? -- to fill in any gaps.
Be Prepared -- Just in Case
Even if your job seems secure, the prospect of double-digit unemployment should spur your Scout instincts. Take care of basics: Beef up your emergency fund, identify expenses you could cut if needed, and consider what you'd do about health insurance if you get the ax.
Update your resume and start reconnecting with folks in your professional network. Join industry forums, and seek endorsements on LinkedIn. And if a friend or colleague is laid off and turns to you for advice, assistance, or just to vent, be there for him or her. One day your pal may be in a position to recommend or hire you.
---------------------------------------------------For Richard Crane, the "new normal" in the labor market began when he was laid off from a New Jersey battery plant in the summer of 2006.
Mr.Crane had been earning more than $100,000 a year operating heavy machinery at Delco, a former unit of General Motors. He worked therefor 23 years, since graduating from high school. When he lost his job, he was thrust into a netherworld of part-time gigs: working the registers at Taco Bell, organizing orders at McDonald's, whatever he could find.
Mr. Crane is part of a growing group of underemployed -- people in part-time jobs who want full-time work or people in jobs that don't employ their skills. Since the recession began two years ago, the number of people involuntarily working part-time jobs has more than doubled to 9.3 million, according to the federal government's Bureau of Labor Statistics, the highest number on record.
Federal Reserve Chairman Ben Bernanke last week lamented in a speech to the Economic Club of New York that the number of underemployed is rising much faster than during previous recessions. And the average work week has fallen to 33 hours, the lowest level in the post-World War II period.