Word: comee
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...most people, the idea of writing a senior thesis is so daunting that they don’t even bother; for others, it’s a chance to show their community what all of their hard work and research has come down to. But for Anna K. Barnett-Hart ’09, who is currently a financial analyst at Morgan Stanley, her senior thesis resulted not only with honors in economics at graduation but also with an acknowledgment in author Michael Lewis’s latest book, “The Big Short: Inside the Doomsday Machine...
...this job will come to exist is at the heart of the most pressing problem in the economy today. Since the start of the recession in December 2007, the U.S. has shed 8.4 million more jobs than it has gained. The unemployment rate hovers near 10%, and broader measures of labor-market woes that include underutilized workers are as high as 16.8%. Go down the nation's list of economic problems - from mortgage defaults to state-budget shortfalls - and joblessness lurks in the background. (See how some Americans are facing the prospect of long-term unemployment...
...story of how this job will come to exist starts five years ago, with one man's frustration at how hard it was to find and rent a beach house for his family vacation. Brian Sharples, who was between jobs at the time, didn't understand why he couldn't go to a single website - as he would go to Expedia for airline tickets - to find a comprehensive list of houses for rent. So, with a business partner, he started such a site. Five years later, the company has $120 million a year in sales, employs 600 people in five...
...talk about small businesses being such great generators of jobs, but a more precise assessment is that young businesses are. John Haltiwanger, an economist at the University of Maryland, has been studying government data for 25 years and has determined that about a third of all new jobs created come from start-ups. Furthermore, young companies add jobs faster. From 1980 to 2005, the typical 15-year-old firm added jobs at a rate of 1% a year, the typical three-year-old firm at a rate of 5%. "These are the rocket ships of the economy," says Haltiwanger...
...help people upgrade their skills and earn certifications. The modules are built to be accessible to people well into their careers - recognizing that a 40-year-old isn't likely to have two or four years to return to school full time - and focus on Austin's up-and-coming industries, like biotech, renewable energy and video-game development. "When these jobs come, we'll have the people with the skills to move into them," says Workforce executive director Alan Miller...