Simply put, the Fed pulled off a magic trick that would leave Houdini gasping. Janet Yellen and the Fed took the made-up money and bought Wall Street assets that would have otherwise crashed and gave money to Wall Street banks that would have otherwise gone bankrupt...with no strings attached.
That said, we already know how difficult it can be for a young person in Indonesia--or across the globe--to secure a job
In the era of man-made risk, in which risks of our own making are having such significant negative impacts on the world, decision makers' at all organizational levels must become risk managers.
For years, I have been asking many people this question: What will happen to the tens of millions of people over 50 -- a number growing every day -- who have no money saved, no prospects of ever earning a decent wage again, and a great many of whom have as many as 30, 40 or 50 years left to live?
Young people need extracurricular activities to help them develop into well-rounded adults. However, if students want to get the most out of college, they need to engage in these activities but not allow them to become a distraction from their academic endeavors.
Technological progress has led to incalculable increases in quality of life, in health and nutrition. But the "progress" enjoyed by the many does not extend into our presently laid future trajectory.
There are powerful cultural factors equating self-worth and identity to job status and material wealth. But researchers note religious communities may provide several sources of support that buffer the effects of financial crises such as joblessness.
With support from Feeding America West Michigan Food Bank and a local homeless shelter, Dana Knight overcame homelessness with her health and dignity intact. For several months this past fall, Dana lived in the strange world of victimization and kindness that hundreds of Grand Rapids' homeless live in every day.
In the spirit of the holiday, how about getting your kids something more special than yet another pair of ear buds?