WASHINGTON (Reuters) – U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to data on Friday that provided the clearest evidence yet that the economy was turning around.
Help me understand how losing 247k jobs is a good sign? Don’t care if things are getting worse slower. You can tell how bad it is by what comforts us.
tompeters! management consulting leadership training development project management.
This post on tompeter.com is not for the faint at heart. Lays blame for this entire financial fiasco at the current generation of managers who chose greed over the good for many. Aims directly at the fact that many of our current C-level execs rose through the finance arm of the company. They have not built the companies therefore they are willing to risk them…why not? They can simply take their Golden Parachutes and land on some island and do consulting for the rest of their lives.
I had better stop before observation turns to preaching…all that being said, definitely one of the most informative posts on “how we got here” that I have read. A keeper for future times and situations.
Obama Pressures Wall Street Over Bonuses – NYTimes.com.
President Obama calls the bonuses “shameful”. An interesting choice of words. More of an eastern sounding response than a western response. In the west we lean on justice and legal system to keep people in line. In the east there is more of shame based system of people being shunned and losing respect that keeps people in line. Let me read a lot into the President’s statement: While it was not illegal nor are we going to pursue any legal avenues for your actions of paying out the 6th largest bonus pool in the history of Wall Street one of the worst, if the the worst, year in Wall Street history, you have lost respect and position in our society. You have proven that you are not trustworthy. The next time a hand is held out for help, or a plea is made for softer regulations, or a request is made to “trust” us, I doubt this Administration or the American people will be in a mood to give even a little bit.
I will say it again, there is no accountability in place. Until such time as their is consequences for actions, there will be no changing in the actions. What is the definition of insanity?
How does this relate to our relationship with God? God holds grace and justice in perfect tension. We have free will and are directly impacted by the consequences of our decisions. “Fear” of the Lord is the first-step to wisdom. I believe that all of these Scriptural truths are what is needed in our lives and in this situation.
I know that in my life, I need accountability and boundaries. I need to know that their is grace for mistakes but that my mistakes “count”. (As an aside, I would not be excited to live in a world where my actions did not count.) What is the worn out expression? God loves us too much to leave us where we are. I wonder if we can say the same for our relationships with others and their relationship to us.