When the recession hit in December 2007, 7.5 millions Americans were unemployed and the jobless rate stood at 4.9 percent, states Joseph Berge in the NY Times article Summers Predicts Job Growth by Spring.
Lawrence H. Summers, President Obama’s top economic advisor, stated that he believes that the unemployment rate will be at its lowest by the spring.
Mr. Summers said that “everyone aggress the recession is over.”
It is noted in the article that the President plans to spend $50 billion on “repairing the nation’s infrastructure.”
This article is a positive note not just upcoming graduates, as myself, but for the country in general.
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While other small businesses are struggling due to the economy, Dancin’ Queens Dance Studio is growing. Dancin’ Queens has a steady increase even though the recession has hit hard.
Jacqueline Szucs has been dancing since she was 2 ½ years old and has carried it into her High School and college years. In July of 2002, Szucs decided to open up Dancin’ Queens for business. Dancin’ Queens is a privately owned Dance Studio that now employs 14 staff members.
“I am extremely proud of myself and the way the business has been running. I opened up the Dance Studio when I was only 23 years old,” stated Szucs.
Before opening the studio, Szucs worked in the corporate world and it was then she figured out she wanted to work for herself.
The Toronto Star employs 1,300 staff across all divisions and reported that 166 employees will take “severance packages at the country’s largest circulation daily newspaper.”
It was reported in the Toronto Star article on Dec. 9, 2009 that those employees have 90 days left at the company.
“The cuts come as the newspaper’s parent company, Torstar Corp., moves ahead with what it says will likely be the biggest restructuring in the Toronto Star’s history.”
It seems that position cuts are becoming more and more popular these days.
Check this out. It is a video that was shown in the journalism program. Kind of blows your mind.
Axel Springer, the founder of the German newspaper publishing business that publishes the biggest daily in Europe says he wants publishers to get paid for their work on the Internet, even that almost everyone assumes that online news should be free.
“A highly industrialized world cannot survive on rumors. It needs quality journalism, and that costs money,” said Springer.
Yet, Springer is not the only one who is looking to make money off the Internet, Robert Murdoch, the chief executive of News Corp., has been saying that he plans to “erect so-called pay walls for his company’s newspaper Web sites.”
In New York Time’s article For Novice Journalists, Rising Risks in Conflict Zones demonstrates the dangers of inexperienced journalists going out for stories in dangerous war zones. The article uses the example of Amanda Lindhout who dreamed of becoming a journalist. Lindhout wrote for her hometown newspaper in Alberta, freelanced from Iraq for Press TV and produced reports for cable news channel in France. She did not have any formal journalistic training, according to Ian Austen of the NY Times.
Lindhout decided that she would save up her money and go with her friend, Nigel Brennan, to Somalia to report for France 24, a news channel owned by the French government. The two were captured and tortured and finally released by Somali Kidnappers for a payment of $600,000, raised by family and friends, after 15 months.
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Due to the recent situation of the economy, I went out and asked a random group of people which job they would take as their last resort. Here are some of the interesting answers I got when I asked the question “What job would be your last resort?”