Word: honest
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What do you tell your own kids? Be honest with them at an age-appropriate level. Say good things about your company so that they don't grow up thinking that employers are monsters. Say good things about your job and how you felt about it while you were doing it. Invite them to participate in the new phase of the family life, without making them feel overburdened by a financial problem...
What do you tell a prospective employer about your layoff? How honest can you be? I think you can be completely honest. In fact, in this phase, if you're not, the employer is probably going to wonder. Don't lie. This is the era of the no-fault layoff. Anyone who judges you for having been laid off doesn't know what they're doing...
...toughest question of all may come down to which banks actually stand a chance of returning to health. Bank regulators have embarked on "stress tests" of the 19 largest banks to determine that. But it's not clear how exacting the tests will be, and to be honest, nobody knows for sure how exacting they should be. Judged by liquidation value--what they could get for selling their assets on the open market today--most major banks in the U.S. are probably insolvent and due for a total government takeover. But that isn't the standard banks are judged...
...procedures by which they will convert preferred shares to common stock at troubled banks, and later this week they will begin the promised "stress tests" of the assets of the country's 20 biggest banks. But nobody knows yet how tough those tests will be - and to be honest, nobody knows how tough they should...
According to Robin E. Mount, interim director of OCS, there is some truth behind the perception that her office primarily caters to consulting and finance. “I think that is an honest conclusion because when [finance] companies come to campus, they make a lot of noise,” says Mount. “That’s why we felt that we had to turn up the volume on these other options...