If you haven’t fantasized about quitting your day job to indulge your true calling, congratulations — You’re Tom Brady. Give Gisele our love. [More]
Being POTUS makes you age prematurely, and Lady Gaga is stuck in a 360 deal that takes a cut of everything she does. Screw that, I wanna be CEO. The Wall Street Journal has listed the top paid CEOs of the last decade, which is topped by Oracle CEO Larry Ellison at $1.84 billion. Steve Jobs comes in fourth with $749 million, and Capital One’s Richard Fairbank is fifth at $569 million. The WSJ also notes that “four of the top 25 CEOs worked at financial companies, two on Wall Street.” [More]
CNN’s Money mag has published ten short confessionals from current and former debt collectors. A guy who’s been doing it for twenty years says that “being authoritative and abrasive was like a high,” and that it helped him provide for his two daughters. A woman who’s been in the business for ten years says she knows collectors who hold contests to see who can make the most people cry each day. Another ten-year veteran quit after a debtor he was harassing shot himself. Yeah, it’s a fun Monday morning read. [More]
Enrollment in for-profit colleges like the University of Phoenix, DeVry University, and Kaplan University–Gawker calls them fake colleges–tripled in the past decade, and has become such a fast-growing segment of the education market that some members of Congress think it needs better oversight. [More]
Kiplinger has put together a list of 10 cities that it says are primed to be great places to build a career and enjoy your life at the same time. Even better: the magazine didn’t put the list in a slideshow format, so you can read the entire thing on one page! Austin and Seattle take top spots, but there are some less predictable choices on there as well; how about Burlington, VT or Topeka, KS? [More]
In a country where the mantra “you can be anything you want” is practically a national prayer, it’s still kind of shocking to see someone suggest that a high school student should skip college. Some economists and professors, however, argue that college has become too expensive to throw money at if the odds are high that either you won’t finish, or you’ll go into an industry that doesn’t require a degree. [More]
Over the last five decades, the vaguely human-shaped fashion doll Barbie has had a lot of careers. Barbie’s jobs have changed over time along with perceptions of what the little girls who played with her could grow up to become. She was a nurse in 1961, then a surgeon in 1973. She was a student teacher in 1965, and President of the United States and a Starfleet officer in 2000. Now, Mattel is hopping on the geek chick bandwagon with Computer Engineer Barbie. [More]
The anonymous, newly unemployed personal finance blogger behind Well-Heeled with a Mission put together a timely, helpful guide on how to avoid wasting your time at job fairs and actually come away with the experience with some positives rather than feel as though you’ve wasted your time in a cattle call.
We love this column from Marty Nemko over at Kiplinger because it’s sort of a go-get-’em morale booster to the ugly—only instead of boosting morale, it just gets more depressing as it goes on. But funny depressing. And after all the weird advice on watching your weight and avoiding hairpieces and wearing moderate makeup, Nemko makes an interesting case for why “ugly” people are better hires.
Remember that story about Trina Thompson, the woman who sued her college after she couldn’t get a job? Turns out maybe the institution had it coming.
The job market is tough. No one seems to know it better than our nation’s fresh-faced recent college graduates. They’ve discovered a harsh truth—despite hounding alumni for donations, colleges aren’t able to find jobs for them. One recent college grad in New York City is fighting back, since she graduated three whole months ago and her alma mater hasn’t found her a job yet.
It turns out kids in wealthier homes have higher IQs, not because of genetics but because of environment. Surely you can be frugal (or just plain poor) and raise a smart one? A psychology professor suggests you focus on praising effort over achievement, and teach delayed gratification—something that also helps when it comes to financial responsibility, so it’s a win/win skill. You should also explain that IQ is expandable, not inherent: “Students exposed to that idea work harder and get better grades.”
The New York Times reports that the freeze on Foreign Service hiring has been lifted, so if you’re willing to endure being moved to a new (occasionally dangerous) country every 2 to 3 years…
“Who would have thought, after 30 years, that we’d be a flying 7-Eleven,” Becky Gilbert, a three-decade veteran of the industry told me during a break in our training session in Fort Worth.
The blog Political Calculations took data from the Congressional Budget Office, “which published a study of the lowest-wage workers in the U.S. from 1979 through 2005,” and looked at the occupations of the bottom 20% of earners in the U.S. Then it took a chart of the 10 full-time jobs with the lowest annual earnings as compiled by BizJournals.com and estimated the hourly wage based on 40-hour weeks. Conclusion: don’t plan on operating a Tilt-a-Whirl and retiring comfortably.
Jeff sent us the following story of how Allen & Associates, a subsidiary of Workstream, Inc., sold him a comprehensive job-placement service package last fall, then short-changed him on the actual services.