Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

Friday, June 26, 2015

The State Skills Gap: Who's Got Talent?

By Scott Cohn, Jun. 25, 2015, CNBC

More than 9 million Americans are unemployed, according to the Labor Department, and many more are underemployed. Yet in a recent studyby CareerBuilder, more than half of the employers surveyed said they had open positions for which they could not find a qualified applicant. It's not that those workers don't exist somewhere, the experts say. It's just that they're not necessarily located near the employers who want to hire them.

Experts have a term for this mismatch between jobs and the people to fill them: the skills gap. And it's a big reason that the new prime battleground among America's Top States for Business—and every other state for that matter—is which state offers the best workforce.

But what makes a good workforce? Having plenty of available people is a start, but only a start.

"Beyond measuring labor supply and demand indicators, assessing a region's degree of skill-set specialization is critical in order to effectively scale operations to the desired headcount," wrote site-selection consultant Keith Gendreau of Cushman & Wakefield in the trade publication "Area Development" this year.

It's a long and fancy way of saying that you can't close the skills gap without ... well, skills.


More: www.cnbc.com

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Saturday, June 20, 2015

Mexico To Donald Trump: You Are One ‘Ignorant,' 'Prejudiced' Hombre 

By Ioan Grillo, Jun. 19, 2015, CNBC

While billionaire Donald Trump is an expert in the world of business, it looks like he has a steep learning curve when it comes to diplomacy.

By just declaring his intention to run for president Wednesday, he managed to start a minor spat with Mexico.

To rocking guitar music, the white-haired, red-faced tycoon slammed migrants and promised to build a wall—and have Mexico pay for it.

"They are not our friend, believe me … When Mexico sends its people, it is not sending its best," Trump said. "They're sending people that have lots of problems, and they're bringing those problems with us. They're bringing drugs. They're bringing crime. They're rapists."


More: www.cnbc.com

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Ex-RNC Chief: Trump 2016 Worries GOP Establishment 

By Matthew J. Belvedere, Jun. 19, 2015, CNBC

Donald Trump's entrance this week into the GOP presidential race could prove to be a liability for the party, former Republican National Committee Chairman Michael Steele said Friday.

"I don't think he ultimately wins, but he does change the nature of the conversation. And one of the challenges the GOP field will have will be allowing Donald Trump to dominate what the topics of discussion are," Steele told CNBC's "Squawk Box."

Trump drew criticism for certain remarks he made during Tuesday's announcement speech, particularly when he referred to Mexican immigrants as "bringing drugs, they're bringing crime, they're rapists, and some, I assume, are good people."


More: www.cnbc.com

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Marc Faber: Recession Is Coming This Year

By Alex Rosenberg, Jun. 18, 2015, CNBC

Markets appeared to sigh in relief after the Federal Reserve got no closer to raising rates in its latest policy statements, but Marc Faber said there should be no need to worry about any interest rate increase.

"I doubt they would increase rates this year. I think they'll keep rates at essentially zero," Faber said Wednesday in a "Trading Nation" interview. "[Fed Chair Janet] Yellen said very clearly that the rate hikes are data-dependent, and data is globally getting worse, it's not getting any better."

To Faber's mind, America is in dire straits.

"I don't think the U.S. economy is doing particularly well," the editor and publisher of the Gloom, Boom & Doom Report said. "One of the problems is affordability, and cost-of-living increases. For most households, the cost of living has gone up very substantially and so their spending power is limited. In addition to that if you look at tax revenues in the U.S., corporate tax as a percent of GDP is essentially flat. However, what has gone up a lot as a percent of GDP is individual taxes, so it has some negative impact on the economy."

More: www.cnbc.com


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Ron Paul: Stock Market 'Day Of Reckoning' Is Near 

By Amanda Diaz, Jun. 19, 2015, CNBC

Despite record highs in the market, former Rep. Ron Paul says the Fed's easy money policies have left stocks and bonds are on the verge of a massive collapse.

"I am utterly amazed at how the Federal Reserve can play havoc with the market," Paul said on CNBC's "Futures Now" referring to Thursday's surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. "I look at it as being very unstable."

In Paul's eyes, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos."


More: www.cnbc.com

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