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JOBBANUTS.COM - Job Market Issues

A $13,500 Salary for A Man Worth Millions


Photo by Jeff Sciortino (ref:  CNNMoney.com)


What's up with this dude's smile?  He looks like he just thought of a master plan (or got caught
strip searching a fourth grader).  He definitely looks suspicious. 

Actually, this guy, Gary Buslik, is a rich man.  He started an alarm company that generated
sales of $6 Million annually, which earned him a $500,000 salary.  Then he did the UNTHINKABLE.

Reportedly, "Buslik turned 50, in 1997, he sold his business (for several million bucks) in order to pursue that passion. With a recommendation from a pal who was an assistant dean, he got into the English Ph.D. program at the University of Illinois at Chicago. In return for his work as a TA, the school waived his tuition.  Buslik graduated in 2007 and now teaches there part-time while writing books on the side. He makes just $13,500 a year."

Some could say he's crazy.  Some might feel he is making the economy worse!  Why? He is no longer paying much in taxes, which hurts the city and state.  Some people may even see that his low income is very misleading considering what he has saved up from the annual revenues and eventual buyout of his company.

Regardless of his particular situation, it seems that today's economic times are the perfect opportunity
to reassess our personal career choices and move in the direction of happiness. 

It sure would be a whole lot easier to "move" in that direction when your pockets are stuffed with millions of dollars in cash already.


TheNutsCracker
@ JobbaNuts.com
"Chicago is one of the highest ranking cities for non-celebrity millionaires.  Ever bumped into one?"

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They Have Jobs But Do You Care


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.

TheNutsCracker takes a "sneak peak" at some of the companies included:

Sears Holdings 
-  Is Sears still open?  Instead of hiring, maybe they should just start over under a new name in big cities.  They need a new brand manager too.  If that's not up for grabs, it should be.

Lowe's -  Being somewhat of a brand loyalist, Home Depot seems to be more attractive.  Plus Home Depot has more locations.

Northrop Grumman -  Who?  Oh, this is for specialists in engineering, logistics, operations, R&D, flight operations, and military training.

HCA - What does H.C.A. stand for?  If you work in the medical field, maybe this rings louder in your ears.

New York Life Insurance - Insurance companies and banks are pretty even;  seems like organized crime.

Bank of America  - Speaking of banks and crime... um, never mind.  These jokers already have TheNutsCracker's money.  That's too many rotten eggs in the same basket.

UnitedHealth Group - Why do health care companies offer their employees terrible health care benefits? Don't quite understand that.

Intel - Hey, now we're talking.  Show me what you got baby!

American Express - Not unless you can clean up my credit, eliminate my Visa/MC balances and restore my credit limits to where they were before this economic crisis forced consumer credit reform.

Cisco Systems - Hey, now we're cooking with "Cisco".

Target - Shopping yes.  Working there... not unless its in the corporate home office, and they are willing to provide relocation with home-buyout benefits on the way to Minnesota.

Exxon Mobile - WTF?  Um, how can TheNutsCracker ever look at a beautiful sandy beach again.  Oil covered fish and ducks is all TheNutsCracker can remember.

There are several other companies reviewed.
Click Here and take a look for yourself.  You might be surprised.


TheNutsCracker
@ JobbaNuts.com
"Just because it is a job, dosesn't mean I want to sell my soul to get it... until my mortgage is overdue.  Then I might be willing to make a deal."


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Billions in Unemployment Benefits

Associated Press:
Senate restores $18 billion in jobless benefits

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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In February, it was Jim Bunning, R-Ky., who single-handedly blocked anextension of unemployment benefits
in an unsuccessful bid to forceDemocrats to pay for them.   Visit:  The New Lone Ranger Deserves a Beat Down
Well after that standoff, there actually was a beat down:  the measure passed on a 78-19 vote
after Republicans were smacked by a public relations backlash.

Well congratulations to everyone who is still out of work but living day-to-day on state distributed unemployment checks/direct deposits.
Thanks to the Senate, you can keep calling in every other week lying about whether or not you are still actively looking for work or whether ornot you have turned down job offers that you simply didn't feel like accepting.

For those of who desperately depend on unemployment benefits, you have been thrown a life preserver.
TheNutsCracker advises you to find your way to shallow waters soon.  Don't get left in the ocean of bills that
will quickly drown you.  Get back to full time work, any way you can.

Best wishes,

TheNutsCracker
@ JobbaNuts.com

"Press one on your touch tone phone to certify that you are happy to still have benefits."

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Get Paid to Blow a Whistle



So the job market still sucks despite some indicators that suggest businesses are making money and consumers are spending.  That doesn't mean there is enough growth to increase or expand the number of job postings within companies that previously sent workers packing (with or without severance pay).

Do you need cash fairly fast?  If you have the lips to blow the whistle on your neighbors or former co-workers and the nose to get in their business, then you could make money by snitching to the IRS. 

Stack of CashLast 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.

CNNMoney.com:

Tax Audits: Uncle Sam Wants You!

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).

TheNutsCracker
@ JobbaNuts.com

"April 15th is fast approaching, and someone you know is cheating on their taxes."



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New Lone Ranger Deserves a Beat Down



They should've kicked him in his Kentucky nuts!

Senator Jim Bunning thought he was the New Lone Ranger coming to save the federal budget last Friday, February 26, 2010.  So he decided to OBJECT to a widely accepted and needed extension of unemployment benefits...while also ignoring other critical extension that would be impacted by his objection.

When faced with significant criticism that was still too soft to be effective, Bunning continued to object.   According to two Democratic aides on the Senate floor Thursday night, Bunning muttered "tough shit" as Sen. Jeff Merkley, D-Oregon, criticized Bunning's stance on the package.

For his part, Bunning maintained on Friday that if all senators could agree that the benefits are so important, then they should find a way to pay for them.

"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

@ JobbaNuts.com

"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."

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One Million Short


Segment From:

CNN Money.com /
Thursday, February 4, 2010


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.

------------------------------------------------------------------------------

TheNutsCracker

"Well if the number of job losses were underestimated,
then why didn't the claims for unemployment come out underestimated?"


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State of the Union Needs Employees



-----------------------------------------------
New York Times News:
As [President Obama] boasted in his first State of the Union address that his economic program had cut taxes for 95 percent of working families, Democrats jumped to their feet to cheer. Republicans sat quietly. Mr. Obama paused as he glanced over to their side of the House chamber. “I thought I’d get some applause on that one,” he said.

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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."

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Killer Credit



First PREMIER Bank and PREMIER Bankcard are headquartered in Sioux Falls, South Dakota and are sister organizations under the holding company of United National Corporation.

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.

 
Yes, 79.9%.
 

The card used to come with a 9.9% rate, but now that the government is forbidding excessive fees on credit cards, First Premier is attempting to recoup its money through a different means. Until now, the company levied $256 in fees in the first year for card holders—who received a credit line of just $250. But starting in February, the new federal law will cap such fees at 25% of a card’s credit line. No restrictions exist, though, on interest rates.
 
“It’s the highest on the market,” credit card analyst Anuj Shahani told the Associated Press. “It’s the highest we’ve ever seen.”
 


First Premier intends to market its new 80% interest-bearing card to people with bad credit who can’t get cards anywhere else.


BEND OVER CONSUMERS.  IT IS TIME TO GET SCREWED WITH NO JELLY.

THENUTSCRACKER
"Pay cash, credit kills during rough times."


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Action Plan for 2010


Make Money in 2010: Your Job

Written by Donna Rosato / Yahoo! Finance

The Action Plan

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.


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Working Less is Worthless


The Wall Street Journal reported:

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.
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A 2-for-1 deal is a daily nightmare when you are trading one high paying job for two low paying jobs!
Who would  have ever imagined that one day you have a six-figure salary, and then months later your value is to take orders for VALUE MEALS.

The job market is failing those who are willing and exposing those who were not prepared!



TheNutsCracker
"If a collegiate bachelor's degree is nearly worthless, what is a high school diploma worth?"




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Value Statement

JobbaNuts.com is a great outlet for anyone who might be entertained by a unique point of view about job searching in today's market. The entertainment value is subjective. The job search and career advice information is a qualified resource. Best wishes on your job search. If you don't see what you are looking for... ASK FOR IT. POST A COMMENT. I'll send the info to you or post it if the Q&A is applicable to a wide audience.

Recent Entries

  1. A $13,500 Salary for A Man Worth Millions
    Monday, May 17, 2010
  2. They Have Jobs But Do You Care
    Tuesday, April 27, 2010
  3. Billions in Unemployment Benefits
    Thursday, April 15, 2010
  4. Get Paid to Blow a Whistle
    Sunday, April 04, 2010
  5. New Lone Ranger Deserves a Beat Down
    Tuesday, March 02, 2010
  6. One Million Short
    Thursday, February 04, 2010
  7. State of the Union Needs Employees
    Thursday, January 28, 2010
  8. Killer Credit
    Sunday, December 20, 2009
  9. Action Plan for 2010
    Tuesday, December 15, 2009
  10. Working Less is Worthless
    Thursday, December 10, 2009

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