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| |  | ISP Revenues Eroding Through 2012
03:31
www.EmploymentCrossing.com A new report finds that broadband connections in North America and Europe, measured at 155 million in 2007, will reach 228 more...million by 2012. The report, entitled “Will the internet break? ISP economics assessment to 2012,” includes an assessment of the economic pressures on ISPs, in-depth analysis of the capabilities of current and emerging fixed broadband access platforms, and refers to Screen Digest data covering 20 Western European markets, the USA, Canada and Mexico. Screen Digest is a company providing business intelligence, research and analysis on the global media markets, based in London. The study found that tight regulation on broadband access in Western Europe has driven the dominance of DSL, while cable is the most popular platform in the US. Two main factors are squeezing profit margins: robust price competition and a swell in traffic which is pushing up bandwidth costs. Traffic is set to intensify with mass video consumption via online platforms bringing content to the living room TV. Monthly average revenues per user have eroded, and are predicted to continue to fall to 2012. For more information Click here less
Added: Oct 24, 08
Views: 10
Category: Video Blogs |
|  | Mervyns Shuts its Doors
03:34
http://www.EmploymentCrossing.com The Hayward, California-based Mervyns department store chain, battered by financial troubles, has announced that it more...is going out of business, according to the Associated Press. The 59-year-old retail chain will close permanently after Christmas-season liquidation sales at its 149 stores in 10 states. "Although we took a number of steps to improve our financial performance, we were unable to return the company to profitability," CEO John Goodman said. Mervyns filed for bankruptcy protection in July in an effort to work through its debts, but executives said they found no way out. Goodman cited the company's "declining liquidity position and the extremely challenging retail environment." The impact will be mainly on entry-level workers, said Jeff Rowe, director of the Stanislaus Alliance Worknet, which assists job seekers. "It ends up being really tough on teenagers who need some income to support themselves and their families, people who are working for the first time and people who are trying to get off public assistance," he said. less
Added: Oct 23, 08
Views: 48
Category: News |
| |  | Income Inequality Growing
03:59
The wealth gap between rich and poor increased in three-quarters of countries in the Organization for Economic Cooperation and Development over the last more...two decades, the group said in a report. Since the mid 1980s France, Greece and Spain were some of the few countries where income gaps shrank, the Paris-based organization said. Over the past five years, income inequality and poverty increased the most in the US, Canada, Germany and Norway, while the gap shrank in Greece, Mexico and the UK. Unemployment among the low skilled and poorly educated is one of the main drivers of the growing income gap, the report said. Government redistribution through taxation and distribution of benefits offset this by reducing income inequality by about one- third on average. “The largest part of the increase in inequality comes from changes in the labor markets. This is where governments must act,'' OECD Secretary General Angel Gurria said. “Increasing employment is the best way of reducing poverty.'' About 1 in 10 people in OECD countries had an income below half of the national median in 2005, the report said. Poverty rates are the furthest above the OECD average in Mexico, where the rate is one in 20, and furthest below average in Denmark, where the rate is one in five. The OECD is an organization of thirty countries dedicated to democratic and free market principles. less
Added: Oct 22, 08
Views: 64
Category: News |
|  | San Antonio’s Medical Economy Up $1 Billion
03:38
Texas’ second largest city’s health care and bioscience industry grew by $1 billion in 2007 to $16.3 billion, and added about 3,600 jobs, according to more...a report released this morning by the Greater San Antonio Chamber of Commerce. The 116,417 jobs in medical services, research, health insurance and related industries accounted for one in seven jobs in San Antonio and payroll of $4.5 billion. About 12,000 additional jobs at Wilford Hall Medical Center, Brooke Army Medical Center and the the University of Texas Health Science Center were not included in the study. Those jobs come with a payroll of about $775 million. It has been another year of slow and steady growth, said Mary Stefl, a health care administration professor at Trinity University and co-author of the study. . Jobs could surge in the next few years with the opening of new hospitals by the Methodist Healthcare System and Christus Santa Rosa Health Care. Also, a new Baptist Health System hospital at Brooks City-Base also will begin construction soon. less
Added: Oct 19, 08
Views: 16
Category: News |
| |  | Tech Firm goes to Ann Arbor for Tax Breaks
04:03
www.EmploymentCrossing.com
NetEnrich Inc., a company which provides services to essentially allow businesses to outsource their IT department, is opening more...a research and development center that is expected to create 225 jobs in the Ann Arbor area over the next 10 years.
The plan is to invest 2.7 Million in creating its new location and will receive 3.9 million in tax breaks based on it’s projections following a Michigan Economic Growth Authority (MEGA) board meeting today. It’s even a possibility that the company could generate as much as 435 jobs.
They will hire Engineering staff and IT staff. The Average salary should be between $70, and $80,000. With the availability of the local talent from the University of Michigan and the tax incentives made Ann Arbor very attractive to NetEnrich, Inc. less
Added: Oct 14, 08
Views: 15
Category: Video Blogs |
|  | US workers with second jobs hits 8%
03:15
EmploymentCrossing.com
The number of Americans working multiple jobs to make ends meet stayed steady in 2007, the U.S. Bureau of Labor Statistics says.
more...
Nationally, 5.2 percent of American workers held at least one additional job last year, the same percentage as in 2006, the Honolulu Star-Bulletin reported Saturday.
While 26 states and the District of Columbia experienced decreases in their multiple job-holding rates, 20 states recorded increases. Four states reported no change.
Overall, 28 states had higher multiple job-holding rates than the national average, the newspaper reported.
South Dakota had the highest percentage of workers holding multiple jobs at 10.2 percent, followed by Nebraska, Vermont, Kansas, Iowa, North Dakota and Minnesota. less
Added: Oct 13, 08
Views: 13
Category: News |
| |  | Relocate Pilot Jobs
03:15
American Eagle Airlines reports it will relocate 233 pilot jobs from Boston to New York as part of its cost-cutting efforts. Boston will no longer be more...a base for the regional American Airlines affiliate. The jobs will move between November 2nd and the end of the year. Eagle pilots will still fly regional jets between Boston and New York, Raleigh, and Toronto; and American will still have 382 mainline pilots based in Boston to fly larger planes. It is not clear if any Boston-based Eagle pilots will lose their jobs. American’s corporate parent, Fort Worth-based AMR, is downsizing its 88,000-employee workforce by 8 percent, and cutting 11 percent of its mainline and regional flights nationwide. less
Added: Oct 9, 08
Views: 12
Category: Video Blogs |
|  | Construction Jobs Decrease
03:37
EmploymentCrossing.com
Construction lost 35,000 jobs in September, according to the U.S. Bureau of Labor Statistics.
“The drop in construction employment more...accelerated in September and will get much worse unless credit markets reopen,” said Ken Simonson, chief economist for the Washington, D.C.-based Associated General Contractors of America, told the South Florida Business Journal.
The U.S. Labor Department reported that U.S. weekly jobless claims remained at their highest level in seven years last week.
The employment downturn comes on the heels of a report from the Census Bureau that private, nonresidential construction spending fell by nearly one percent in July and August.
State and local construction spending was up, but may change direction as more states announce budget shortfalls.
Highways and schools – 60 percent of public construction spending – are thought to be in jeopardy because of drops in fuel and property tax receipts.
Simonson said all types of construction shed workers in September, following a brief spurt in nonresidential hiring in August. He called it an ominous sign and said the October labor report – due out just after Election Day – could be even uglier less
Added: Oct 8, 08
Views: 7
Category: Video Blogs |
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