Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘employment’

Growing America’s Middle Class and Increasing Profitability

Posted by Warm Southern Breeze on Tuesday, January 22, 2013

Some time ago, a friend shared an unsolicited comment about “ObamaCare” before all the ruckus over it had reached the SCOTUS. He had observed about a fellow he knew and described as “a snaggle-toothed Tennessee hillbilly,” whom had joined the United States Army. He observed that the fellow had some health needs, among them poor dentition and the need for corrective lenses. Upon his enlistment, he noted that the fellow was given proper healthcare, and all of his needs – food, clothing, housing, and healthcare – was provided by the United States government.

“Now, why did they do that?,” he asked rhetorically.

Answering his own question, he said quite simply, “because they know Read the rest of this entry »

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Federal Reserve’s “Beige Book” shows improving economy

Posted by Warm Southern Breeze on Thursday, January 17, 2013

The Federal Reserve regularly publishes a summary of economic activity in the 12 Federal Reserve Districts in the United States.

It is important to note that “This document summarizes comments received from businesses and other contacts outside the Federal Reserve and is not a commentary on the views of Federal Reserve officials.”

Much, if not most of the news was promising.

Summary highlights from this Beige Book 2013-01-16 are that:

• “Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate.”

• “All twelve districts reported some growth in Read the rest of this entry »

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Jobs! Jobs! Jobs! Wyoming has plenty. But, where do you live? So homelessness has increased statewide.

Posted by Warm Southern Breeze on Sunday, January 13, 2013

Can you say “quixotic”?

January 12, 2013

In Wyoming, Many Jobs but No Place to Call Home

By
WY jobs 20130113-HOMELESS-slide-TVNO-slide

On a recent night, Tiffany Kipp cooked dinner at the shelter where she and her family are staying. There is a surprising downside to Wyoming’s economic resilience and its 5.1 percent unemployment rate: a sharp rise in homelessness. Tiffany Kipp and her family moved to Wyoming from Southern California, looking for a fresh start. Her husband, Justin, found a job, but they could not afford the high rents in Casper, which has a low vacancy rate. They landed in a shelter. Left, Ms. Kipp cooked dinner on a recent night.
Credit: Matthew Staver for The New York Times

CASPER, Wyo. — After losing everything last year to Southern California’s soured economy, Tiffany Kipp and her family packed up three boxes and a diaper bag and caught a Greyhound bus to Wyoming, their best chance at a fresh start.

They were drawn to Wyoming, where Ms. Kipp has family, by the promise of plentiful jobs and a booming energy sector, and a thin hope of rebuilding their futures on the High Plains. But like a growing number of people here, they ended up on the underside of the boom.

Unable to scrape together enough money for an apartment, the Kipps, who once rented a four-bedroom house north of Los Angeles, bounced from motel rooms to friends’ couches. They ended up in a single room at a shelter run by a local nonprofit organization.

“We lost everything,” said Ms. Kipp, 25, whose husband works for an oil services company. “We needed somewhere to go.”

“We lost everything,” said Ms. Kipp, 25, whose husband works for an oil services company. “We needed somewhere to go.” Left, she and Mr. Kipp prepare their two children, Emily and Payton, for bed in their room at the shelter.Credit: Matthew Staver for The New York Times

“We lost everything,” said Ms. Kipp, 25, whose husband works for an oil services company. “We needed somewhere to go.” Left, she and Mr. Kipp prepare their two children, Emily and Payton, for bed in their room at the shelter.
Credit: Matthew Staver for The New York Times

There is a surprising downside to Wyoming’s economic resilience and its 5.1 percent unemployment rate: a sharp rise in homelessness.

As another winter settles in, many people who moved here fleeing foreclosures and chasing jobs in the oil, gas and coal industries now find themselves without a place to live. Apartments are scarce and expensive, and the economy, while strong, is Read the rest of this entry »

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December 2012 Jobs Picture

Posted by Warm Southern Breeze on Sunday, January 13, 2013

The Employment Situation in December

January 04, 2013
09:30 AM ES

While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007.

With the passage of the American Taxpayer Relief Act earlier this week, more than 98 percent of Americans and 97 percent of small businesses now have certainty that their income taxes will not rise. Additionally, unemployment insurance was extended for two million Americans who are searching for a job, and companies will continue to receive tax credits for the research that they do and continue to have tax incentives to accelerate investment in their businesses. By allowing income tax cuts for the top two percent of earners to expire, this legislation further reduces the deficit by $737 billion over the next decade. It is important that we continue to move toward a sustainable federal budget in a responsible way that balances revenue and spending while protecting critical investments in the economy and essential support for our most vulnerable citizens.

Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector businesses added Read the rest of this entry »

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Big Business Profit Model Harms Long Term Profitability

Posted by Warm Southern Breeze on Wednesday, December 26, 2012

Perhaps the most telling rationale, or motivation for the course upon which corporations have set is explained in this statement by ANDREW SMITHERS: Yes, the current way in which managements are rewarded is perverse from an economic viewpoint. Adam Smith pointed out that some characteristics of human beings such as greed, which are often unpleasant at a personal level, can nonetheless bring social benefits. But this is not necessarily the case under current remuneration systems; greed is increasingly the cause of harm rather than help to the economy.

The long and short of it, is greed. And in that paragraph is the solitary mention of the word or practice.

Philosophically, this time, this period in our nation’s history – and in the history of the world, and in the greater, long term picture of humanity – is yet another prime example, and case in point illustrating why and how the selfishness of greed is unsustainable and genuinely evil.

Capital Wins, Labor Loses, But Andrew Smithers Says It Can’t Go On

MAKING SENSE — December 26, 2012 at 4:48 PM EDT

BY: PAUL SOLMAN

Warehouse manager at operations desk on computer. Photo courtesy of John McBride & Company Inc.

Warehouse manager at operations desk on computer. Photo courtesy of John McBride & Company Inc.

Paul Solman: Jon Shayne is not just the world’s No. 1 econo-crooner, belting out economics tunes of his own invention under the stage name Merle Hazard at his own website and for the PBS NewsHour audience on inflation, on the Greek debt crisis, on the euro crisis in general, on too-big-to-fail banks, and most recently, on the fiscal cliff.

No, Shayne/Hazard is no one-trick pony. He is also a noted money manager, recently highlighted by Forbes magazine for his perspicacity in stock-picking. Wrote Forbes: “If you follow the stock market, Jon Shayne is worth a good, long listen. Especially now.”

Having listened to Jon plenty over the past few years, I agree, especially with his emphasis on the increasing share of national income commanded by the owners of capital, in contrast to labor. This angle is the focus of Forbes’ story as well.

So I asked Jon to elaborate for the Making Sen$e audience. He has done so by interviewing the person who inspired his thoughts on the subject, British economist Andrew Smithers, who formerly ran the asset management business of S.G. Warburg, and now Read the rest of this entry »

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Should Wal-Mart Workers be Thankful for a Non-Living Wage?

Posted by Warm Southern Breeze on Wednesday, November 21, 2012

In this season of giving thanks, we are again reminded that our neighbors, our friends, our family are abused by corporate overlords who treat their employees as chattel, mere serfs, by the world’s largest retailer, which is headquartered in Arkansas, in the United States of America – land of the free, and home of the brave, land where our fathers died, land of the Pilgrims’ pride.

That is abuse and injustice.

Plain and simple.

From every mountainside, let freedom ring!

Wal-Mart’s 6 biggest blunders

Haven’t we been here before? Remembering the biggest public relations crises in the company’s 50-year history.

walmart-store-new-duskOver the weekend, the New York Times reported that Walmart allegedly covered up an internal investigation proving its Mexican subsidiary bribed officials in the country. The retail giant’s stock fell sharply Monday following the expose. Should the market be really that surprised? Over the years, Walmart has made headlines for behaving badly even as executives work tirelessly to maintain its all-American image. Here, take a look at Walmart’s blunders.

1. Working conditions

walmart_employeeA worker’s got a right to lunch. And get paid for overtime. That wasn’t always the case at some Walmart stores.

In 2005, a California jury awarded $172 million to thousands of workers who claimed they were illegally denied lunch breaks. The case was one of at least 40 similar suits filed nationwide at the time, alleging workplace violations.

The outcomes of the cases varied, but those that stood in court brought bad news for the company. In 2002, a federal jury in Oregon found Walmart employees were forced to work off the clock and awarded back pay to 83 workers.

And in a similar case in 2000, Walmart settled a class-action lawsuit against Read the rest of this entry »

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States find private prisons too costly, move toward employment model

Posted by Warm Southern Breeze on Sunday, August 5, 2012

Many states and individuals complain about budget items, but few ever discuss the booming private prison industry in this nation – a Wall Street-traded for-profit prison system supported by tax dollars… a corporate welfare program if ever there was one.

A key paragraph is this one: “Although states spend significant amounts of money on criminal justice—it’s second only to Medicaid in state budgets—the vast majority of those costs go toward prisons, with limited emphasis on preparing prisoners for life on the outside. The costs of incarceration include an annual $82 billion spent on corrections nationwide, including millions for oversight of parole systems overseeing the 75% of prisoners released short of their full sentences.”

From Prison to a Paycheck

Instead of training and counseling, Newark is trying work first—with promising results

By HOWARD HUSOCK

Former inmate Hector Morales at work; the Office of Reentry in Newark, N.J., intervened to help him. He says he was tired of being a bad role model for his kids.

Hector Morales might not seem, at first, to be an American success story. At age 50, he works the graveyard shift—7 p.m. to 5 a.m.—at the back of a garbage truck, part of a three-man crew that lifts and loads 80,000 pounds of waste each night in New York City. It’s his first job in years. The native of Paterson, N.J., a high-school dropout, still owes more than $9,000 in child-support payments to the state of New Jersey.

From prison to work

Former inmate Hector Morales at work; the Office of Reentry in Newark, N.J., intervened to help him. He says he was tired of being a bad role model for his kids. Katie Orlinsky for The Wall Street Journal

But compared with Mr. Morales’s situation a year ago, his story is a success.

Then, he was completing a five-year sentence at the Northern State Prison in Newark, N.J. The former heroin addict has spent, by his own estimate, 18 years behind bars, mostly on drug-related charges. Today, Newark-based Action Carting, one of the largest commercial disposal firms operating in New York, considers Mr. Morales to be a model employee and a good prospect for promotion if he completes his plan to get a commercial truck driver’s license. Currently, he’s on track to earn more than $60,000 a year, including overtime. Every week, part of his check goes to pay off his child-support debt.

Part of the change is due to Mr. Morales’s own attitude. “I got tired of being in jail, tired of officers controlling my life, tired of being the wrong kind of role model for my children,” he says.

His success says much about an unusual intervention by Newark. In April 2009, with the help of Read the rest of this entry »

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How to End This Depression

Posted by Warm Southern Breeze on Sunday, July 29, 2012

It’s been said that ‘everything should be made as simple as possible, but not simpler.’

The distinguished Dr. Krugman – who accurately foretold in 2001 that the “Bush Tax Cuts” would create significant deficit (and they did) – understands the role of government in providing opportunity for entrepreneurs and private enterprise, and the equally important role that government has in responsibility to protect public health and safety.

The long and short of it is this: Government spending on economic infrastructure (including education) is a good investment because it yields significant immediate and long-term results.

Why?

Because Materials and Manpower ALWAYS come from the private sector.

Regular readers of this blog will be familiar with the aforementioned premise, and the numerous times about which I have written in detail about the same. This entry illustrates with three excellent examples of that principle.

Naysayers and critics miss one very important factor in their analogy, which is that the Federal government has the power and authority to print money. The way that factor relates to the issue at hand is this: While the government could – in theory, and in reality – print enough money to give $10,000 to every man, woman and child in this nation the net effect of so doing would be to devalue the money, which would be resulting from inflation.

How to correct, resolve or work within the guidelines of that factor is to understand that one very important role of government is to provide OPPORTUNITY for entrepreneurs and private enterprise. By providing opportunity, government is also encouraging private enterprise and entrepreneurship. And, for the strict Constitutionalists, courts have continued to uphold and acknowledge that such power is contained within the Preamble’s clause “to promote the general welfare.”

Further, for the “anti-Big Government” naysayers, it is preposterous (contrary to reason or common sense; utterly absurd or ridiculous) to imagine that, in this era, with every technological advance, invention and discovery which has been made since 1776, and with our population (now approaching 312,000,000), that we would have fewer laws, rules and regulations than when we first began.

And, for those who say we should balance our budget, I would agree. However, I hasten to point out, that the last time that was done was under Eisenhower and LBJ. That does not excuse us from an ongoing civil discussion and debate about how to effectively manage our nation’s budget. Perhaps a formula of some type which would take into account GDP, debt (outstanding Treasury notes), trade deficit, population growth, birth rate, and other factors – with an “escape” mechanism for times of civil emergency or war, of course.

For such, we need technocrats – experts in areas of operations – rather than bureaucrats. Perhaps in an advisory role. But then again, we have those.

So… why don’t we work together as we ought?

Politics.

It seems that “Everybody’s got something to hide except for me and my monkey.”

How to End This Depression

May 24, 2012

Paul Krugman

The depression we’re in is essentially gratuitous: we don’t need to be suffering so much pain and destroying so many lives. We could end it both more easily and more quickly than anyone imagines—anyone, that is, except those who have actually studied the economics of depressed economies and the historical evidence on how policies work in such economies.
Obama in Master Lock factory Milwaukee

President Obama on a tour of the Master Lockfactory in Milwaukee with the company’s senior vice-president, Bon Rice, February 2012; Susan Walsh/AP Images

The truth is that recovery would be almost ridiculously easy to achieve: all we need is to reverse the austerity policies of the past couple of years and temporarily boost spending. Never mind all the talk of how we have a long-run problem that can’t have a short-run solution—this may sound sophisticated, but it isn’t. With a boost in spending, we could be back to more or less full employment faster than anyone imagines.

But don’t we have to worry about long-run budget deficits? Keynes wrote that “the boom, not the slump, is the time for austerity.” Now, as I argue in my forthcoming book*—and show later in the data discussed in this article—is the time for the government to spend more until the private sector is ready to carry the economy forward again. At that point, the US would be in a far better position to deal with deficits, entitlements, and the costs of financing them.

Meanwhile, the strong measures that would all go a long way toward lifting us out of this depression should include, among other policies, increased federal aid to state and local governments, which would restore the jobs of many public employees; a more aggressive approach by the Federal Reserve to quantitative easing (that is, purchasing bonds in an attempt to reduce long-term interest rates); and less timid efforts by the Obama administration to reduce homeowner debt.

But some readers will wonder, isn’t a recovery program along the lines I’ve described just out of the question as a political matter? And isn’t advocating such a program a waste of time? My answers to these two questions are: not necessarily, and definitely not. The chances of a real turn in policy, away from the austerity mania of the last few years and toward a renewed focus on job creation, are much better than conventional wisdom would have you believe. And recent experience also teaches us a crucial political lesson: Read the rest of this entry »

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Here’s a bank where Mitt Romney has no money. Ironically, it’s American.

Posted by Warm Southern Breeze on Monday, July 16, 2012

Smack-dab in the heart of rural, working class, coal-mining America.

Oh… the irony!

Read the rest of this entry »

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Inspector General uncovers Fraud, Waste & Abuse in Treasury Department

Posted by Warm Southern Breeze on Monday, July 16, 2012

Now that the Wall Street fox is watching the financial hen house, is it any wonder?Paper & Ink - h

Cases like these continue to demonstrate the NEED for fiscal 1.) Transparency; 2.) Accountability, and 3.) Ongoing publicly available agency reports.

It’s Fraud, Waste and Abuse – pure & simple.

And, it’s time to prosecute.

Not because of what it was used for – they could’ve bought jelly doughnuts – but for whose trust was betrayed, and who was abused.

The people.

Treasury staffer solicited prostitutes: report

1:47pm EDT

WASHINGTON (Reuters) – A Treasury Department employee used government resources to solicit prostitutes and another employee accepted gifts from a bank he supervised in violation of conflict of interest rules, reports from Treasury’s internal watchdog said.

A Treasury staffer with the now defunct Office of Thrift Supervision (OTS) used his government email to arrange sexual encounters with women advertised on Craigslist, viewed websites offering erotic services and met with prostitutes on three separate occasions, a report by Treasury’s inspector general said.

The OTS has since merged with the Office of the Comptroller of the Currency. The OTS official, who Read the rest of this entry »

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Alabama Governor Robert Bentley Lands Airbus Factory Deal for State

Posted by Warm Southern Breeze on Wednesday, July 11, 2012

Quite possibly, this is THE biggest industrial jobs deal in Alabama, ever!

Kudos to the Governor, and all who made it happen.

One thing’s for certain – direct & indirect jobs from this deal will be exceedingly superior to those in sawmills & cooperages!

Here’s to you, Governor!

Alabama Gov. Robert Bentley rides Airbus momentum in Europe

Published: Wednesday, July 11, 2012, 1:16 PM     Updated: Wednesday, July 11, 2012, 2:08 PM
By George Talbot

LONDON – Gov. Robert Bentley was tired.

He piled into the back of a cab early Wednesday for the ride out to Heathrow Airport, accompanied by a reporter; his wife, First Lady Dianne Bentley; his chief of staff, David Perry; and a pair of security guards.

He’d left Alabama eight days before, traveling nearly 6,000 miles from Montgomery to Hamburg and Stuttgart, Germany, then on to London for the Farnborough International Air Show.

His voice was hoarse and his suit was rumpled. In the past two days alone, he met with Read the rest of this entry »

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A Look Back: Wall Street Journal on Presidential Jobs Track Record, from ’39 – ’09

Posted by Warm Southern Breeze on Monday, July 9, 2012

Just in the case we need reminding.

And often, we do.

As Samuel Johnson once wrote, “Men more frequently require to be reminded than informed.”
Johnson: Rambler #2 (March 24, 1750)

January 9, 2009, 12:04 PM ET

Bush On Jobs: The Worst Track Record On Record

By WSJ Staff

President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.

His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton‘s administration and only slightly better than President George H.W. Bush did in his four years in office.

Here’s a look at job creation under each president since the Labor Department started keeping payroll records in 1939. The counts are based on Read the rest of this entry »

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Weather Extremes Not Just in United States

Posted by Warm Southern Breeze on Sunday, July 8, 2012

Here is Wisdom.

(Either that, or pragmatism.)

If there is nothing humans can to to lessen the severity or frequency of these, and other extreme weather events, then the very least that should be done is to significantly improve infrastructure to more effectively manage them, and to mitigate potential for damage.

And that is spelled I – N – F – R – A – S – T – R – U – C – T – U – R – E.

What’s “infrastructure”?

A definition of infrastructure from the New Oxford American Dictionary: “the basic physical and Read the rest of this entry »

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LTG Patrick O’Reilly, U.S. Army Missile Defense Agency’s Demon Director

Posted by Warm Southern Breeze on Friday, July 6, 2012

To say this man has anger management problems would be an understated mischaracterization.

IG Investigation O'Reilly-report cover

REPORT COVER – Inspector General United States Department of Defense Report of Investigation Lieutenant General Patrick J. O’Reilly US Army Director, Missile Defense Agency

Based upon the testimony given in the report, I’d say he’s very likely suffering from personality disorder, with a definite narcissistic element, and possibly borderline psychotic.

While the MDA’s headquarters remain at Fort Belvoir, VA, nearly 5,000 people work for the agency in offices on the Army’s Redstone Arsenal, in Huntsville, AL. The majority of the agency’s programs are now managed primarily in the Von Braun Complex of offices. Over 2,200 MDA positions relocated to Huntsville after the 2005 Base Realignment And Closure (BRAC) commission decision.

LTG O’Reilly is often in Huntsville and has an office in the new Von Braun III wing.

Last October during a ribbon cutting ceremony in Huntsville, LTG O’Reilly said, “The largest concentration of missile defense engineers anywhere in the world is in this building,” which he said made it the “hub of missile defense for our nation.”

The 15th Annual Space and Missile Defense Conference will be held at the Von Braun Center in Huntsville, Alabama, 13 to 16 August 2012.

Read LTG O’Reilly’s official biography here.

Exclusive: Missile Defense Agency chief harassed and bullied staff, investigation found

Posted By Josh Rogin, Tuesday, July 3, 2012 – 12:38 PM

Lt. Gen. Patrick O’Reilly, the head of the Missile Defense Agency, mismanaged his office, harassed and bullied his senior staff, and overall failed in his leadership of the Pentagon’s largest program, according to a previously undisclosed internal report obtained exclusively by The Cable.

O’Reilly “engaged in a leadership style that was inconsistent with standards expected of senior army leaders,” in violation of Army regulations on ethics and leadership, according to a May investigation and report by the Defense Department‘s Inspector General‘s office that was never released to the public. The IG’s office is recommending that Pentagon leadership take “corrective action,” against O’Reilly.

The report found that O’Reilly regularly yelled and screamed at subordinates, often in public, demeaned and belittled employees, and behaved in such a way as to result in the departure of at least six senior staffers from MDA during his tenure.

“We determined that LTG O’Reilly’s behavior and leadership were Read the rest of this entry »

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Atlanta Federal Reserve: Southeast employment up in May

Posted by Warm Southern Breeze on Monday, June 18, 2012

Slowly, but surely, the signs that our nation’s economy is improving are emerging.

They’re not rapid, they’re not massive, but they’re there.

And like a trickle that becomes a raging river, it’s beginning to rain.

District employment increases modestly in May

06/18/2012
Payroll employment 6th district 1/11-5/11

Payroll employment 6th district 1/11-5/11

The Sixth District as a whole added 9,000 jobs in May, following 9,600 new payrolls in April, and 18,900 in March, according to the U.S. Bureau of Labor Statistics (BLS). Alabama, Florida, and Georgia recorded payrolls increases while Louisiana, Mississippi, and Tennessee reported payroll decreases. Georgia was primarily responsible for the net positive District increase.

Payroll employment 6th district states 1_11-5_11

Payroll employment 6th district states 1/11-5/11

The District unemployment rate was Read the rest of this entry »

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Rising Job Numbers: Will they Buoy the President’s re-election Chances?

Posted by Warm Southern Breeze on Saturday, March 10, 2012

Recently, the Obama administration has justifiably trumpeted news from the Department of Labor Statistics that hiring hiring by the private sector has increased significantly, and added 227,000 jobs in February while the national unemployment rate remained at 8.3 percent.

With 233,000 jobs added by private businesses, this marks the 24th consecutive month of private sector job growth. http://www.bls.gov/news.release/empsit.nr0.htm

This is good news for everyone, especially individuals, private households, the economy at large, small businesses, including Read the rest of this entry »

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Are Bosses really like Dirty Diapers?

Posted by Warm Southern Breeze on Friday, March 9, 2012

Who hasn’t heard the joke that “Bosses are like dirty diapers: Always on your ass, and full of shit.”?

It’s a proverbial oldie, but goodie.

Black and white Looney Tunes opening title

Black and white Looney Tunes opening title

 

And, like all humor, it must contain an element of truth.

While the purpose of this post is Read the rest of this entry »

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Researchers: Nursing Shortage end may be in sight

Posted by Warm Southern Breeze on Tuesday, December 6, 2011

The end may be in sight for the  highly-documented Nursing shortage.

Why and how?

According to renown Nursing workforce researcher Dr. Peter I. Buerhaus of Vanderbilt University, and two others in a recent investigation published in the December issue of Health Affairs, there may soon an easing – if not an end – in sight for the Nursing Shortage.

The research makes one obvious statement – that Read the rest of this entry »

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