IBM Lays Off & Hires

IBM has been making some big changes in the company.  While there have been some good size lay offs, IBM has hired far more…

IBM laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.

The company carried out a similar level of job cuts at the beginning of the month, for a total of 3,023 in this quarter and 3,720 for the year, according to IBM spokesman Edward Barbini.

That amounts to roughly 1% of the company, which employed 355,000 people at the beginning of the year. But even these small numbers reflect a big project inside IBM to transform its business.

Services is IBM's biggest division by revenue, but the advent of lower-cost competition overseas has forced IBM to work harder to improve the unit's profit margins. In the first quarter, pretax income for IBM's tech services fell 19%, even as revenue rose 7%.

Wednesday's job cuts were largely part of the company's response. Although IBM did not disclose where the layoffs were being made, the company had blamed the first-quarter profit shortfall on problems in its U.S. outsourcing business.

To learn more about IBM, read the complete article below from USA Today:

http://www.usatoday.com/money/industries/technology/2007-05-30-ibm-layoffs_N.htm?csp=34

Kamaron Institute personal finance business references, tips and resources. 

Working After Retirement

Do you plan to work after retirement as so many Americans are doing?  Many Americans who seek new job opportunities after they retire find it a bit harder than the younger workers.  It can take almost twice as long for people over 55 to find a job after retirement.  This person gives this advice, “If you want to work in retirement, don’t retire.” 

This article today offers some good information about older workers seeking jobs after retirement…

When older workers look for jobs, they may get as much respect as Rodney Dangerfield.

It often takes many weeks, or even months, for older workers to find jobs, distinctly longer than their younger counterparts. In 2006, for instance, workers age 55 or older spent an average of 22 weeks looking for work. That was down from 24 in 2005, but still far longer than the 16-week job hunts of workers under 55, according to the Bureau of Labor Statistics.

In the same vein, a study by the Center for Retirement Research at Boston College, sampling employers in Massachusetts and Florida, found that younger workers were about 40 percent more likely to be called in for job interviews than were candidates 50 or older.

Difficulties persist for older job seekers, even as a growing number of companies encourage their employees to stay on by offering phased-in retirement and part-time work. The tightening labor market has not helped. Nor have warnings by some experts of a potential shortage of new workers. And the problem is likely to become more apparent as more baby boomers reach retirement age.

If you want to read more, you can view the complete Kamaron Institute Job Market article by clicking the following link:

http://kamaroninstitute.blogging.com/blog/_archives/2007/5/22/2971201.html

Kamaron Institute business news, educational career and parenting reference tips and resources.  

Ending Credit Card Confusion

There is a lot of confusion out there with all the different credit cards available.  The Fed is working to help clear up some of this confusion…

“The goal of the proposed revisions is to make sure that consumers get key information about credit card terms in a clear and conspicuous format and at a time when it would be most useful to them,” Fed Chairman Ben Bernanke said Wednesday. “Greater clarity in credit disclosures allows consumers to make more informed credit decisions and enhances competition among credit card issuers.”

People now often have to wade through tiny print and dense language to get information about the terms of their credit card. When terms — including rates and fees — are changed, that can be on a separate piece of paper accompanying the monthly statement. Those separate inserts aren't always looked at, the Fed says.

To help, the Fed's proposal would call for a table summarizing the changes to appear on the statement above the list of the consumers' transactions. That's where people are most likely to notice the changes, the Fed says.

From solicitations to monthly statements, the Fed's proposal would require key information appear in larger print, with rates and fees in an easier-to-see boldface. The proposal also aims to make language easier for people to understand.

To learn more about the changes being considered, read the complete article below from USA Today:

http://www.usatoday.com/money/perfi/2007-05-23-credit-card-proposal_N.htm?csp=34

Kamaron Institute personal finance business references, tips and resources. 

So Many Office Celebrations

Celebrations for different important events in co-workers lives are important.  People spend a large part of their day with co-workers and become close friends with many of them.  So taking the time to celebrate a new baby or a birthday can be very important.  But it can also get out of hand or cause problems in the work place.  This article gives some good advice on office celebrations that may be helpful…

Q. It seems there’s a cake in the conference room every week celebrating a birthday, a new baby or a wedding engagement. Are personal celebrations appropriate at work?

A. Yes, but in moderation. We spend a lot of time with our co-workers, so it is natural to want to note life events and achievements with them. It is also a morale booster, providing a chance to step away from your desk for a while and have some fun.

“People are so used to dealing with computers and not human beings; celebrations give us a chance to be human again, to connect with others in the organization,” said Peter Handal, chairman of Dale Carnegie Training, a company in Hauppauge, N.Y., that focuses on interpersonal skills.

But frequent celebrations can also cause resentment, if employees are continually asked to make financial contributions or if parties interfere with work.

“When it’s forced, it’s not fun,” said Kate Zabriskie, president of Business Training Works, a consulting firm in Washington that specializes in business etiquette.

“If you don’t have time to plan your kids’ birthday party,” she said, “you don’t want to be forced to help plan a party for someone who isn’t really your friend.”

If you want to read more, you can view the complete Kamaron Institute Job Market article by clicking the following link:

http://www.nytimes.com/2007/05/20/business/yourmoney/20career.html?ex=1337313600&en=571f6e939ad61752&ei=5088&partner=rssnyt&emc=rss

Kamaron Institute business news, educational career and parenting reference tips and resources.  

The Dow's 23rd Record Close of 2007

Even though there may have been some not so good news today, it didn't seem to bother investors.  People are seeing the positive and the Dow has hit yet another record close!  It doesn't appear to be slowing down either…

Wall Street shot higher Wednesday after investors shrugged off a mixed reading on the housing sector and focused on the positives: a jump in industrial output, a retreat in crude oil prices and new cash pouring into the stock market.

The Dow Jones industrials rose 103.69, or 0.8%, to 13,487.53, to its 23rd record close of the year. It also had a new trading high, 13,489.57.

Broader stock indicators also advanced. The Standard & Poor's 500 index gained 12.95, or 0.9%, to 1514.14, and the Nasdaq composite index rose 22.13, or 0.9%, to 2547.42.

Stocks initially slipped after Commerce Department data showed applications for building permits fell by the biggest amount in 17 years during April punctured an early rally. But they gradually regained strength, finding support from a Federal Reserve report that showed industrial output rose by more than expected in April, and a rebound in U.S. crude and gasoline inventories that caused crude oil prices to pull back.

News that billionaires Warren Buffett and Edward Lampert were upping their equity investments also gave investors confidence that stocks have further to climb, although the Dow has risen more than 1,300 points in the past two months.

You can view this USA Today article if you would like to read more:

http://www.usatoday.com/money/markets/2007-05-16-wall-street-wednesday_N.htm?csp=34

Kamaron Institute personal finance business references, tips and resources. 

Stay At Home Moms Have Been Working!!!

Lots of moms have been home with their kids which is one of the most important jobs there is!  Now they may be ready to go out and get a new job (outside the home).  This article from The New York Times offers some good advice to mothers in this situation…

Q. You have been a stay-at-home mother for several years. Your children are in school now, and you are considering re-entering the work force. Will you be able to find fulfilling work?

A. Absolutely. Even if you haven’t been paid, you have still been working. Women often fail to see that while they were raising children, they were honing their skills in time management, people management and organization, said Jen Singer, creator of MamaSaid.net, an online site for part-time and full-time stay-at-home mothers.

Q. What is the first step a stay-at-home mother should take to re-enter the paid work force?

A. Figure out what, exactly, you want to do. Start by writing down your goals, priorities, strengths and weaknesses, said Steve McMahan, president of the Atlantic region for Kforce, a professional staffing firm based in Tampa, Fla. Then, analyze those skills and interests to evaluate how they might have changed during the years at home.

“Analyze every previous significant work and volunteer experience and break it down into the basic components of what each job entailed — the ones you liked, and the ones you didn’t. Then you’ll see opportunities,” said Carol Fishman Cohen, co-author of “Back on the Career Track: A Guide for Stay-At-Home Moms Who Want to Return to Work.”

If you want to read more, you can view the complete Kamaron Institute Job Market article by clicking the following link:

http://www.nytimes.com/2007/04/29/business/yourmoney/29career.html?ex=1335499200&en=bb75e00f433453bb&ei=5088&partner=rssnyt&emc=rss

Kamaron Institute business news, educational career and parenting reference tips and resources.  

Reference Books For Doing Business Globally

Global business is expanding and exploding.  A perfect example is China that has become on of the worlds fastest growing economies.   The need to understand cultures and communication is every bit as important as having the right sources for your product lines.  If you think it’s time to do some reading, Christoper Liechty works all over the world and recently shared his personal reading list.  Each book will add to your knowledge of doing business within different cultures.

 

BUSINESS BOOK: GLOBAL COMMUNICATIONS

 

The books are:

 

Cross-Cultural Dialogues: 74 Brief Encounters with Cultural Difference by Craig Storti

 

Designing Across Cultures: How to Create Effective Graphics for Diverse Ethnic Groups by Ronnie Lipton

 

Kiss, Bow, or Shake Hands: How to Do Business in Sixty Countries by Terri Morrison, Wayne Conway and George Borden

 

Dun & Bradstreet’s Guide to Doing Business Around the World (ISBN 0735201080, out of print) by Terri Morrison, Wayne Conway and Joseph Douress

 

 

Keywords: Business books, Relationships, Finance  

 

 

 

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Margaret Ross and Success Class TV Program

A joint production of Kamaron Institute and Comcast Inc. and hosted by Margaret Ross, Success Class is a weekly, news magazine format show of “how to” KC3 case studies, real life application of values and citizenship. New Positive Parenting segment is being added to show line up.

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Each show shines the spotlight on what's right and what works in business, education and community.

 

“We focus on the facts, the how to steps, and the real life stories of Amazing people who are increasing quality teaching time, making businesses, schools and buses safer, happier and more productive places,” says Success Class host, Margaret Ross.

 

“The same skills that help an adult have a successful day at work, help students have a successful day at school,” adds Comcast's Andy Macke. “We focus on those facts and the role models in business and in education,” adds Ross.

 

 Success Class is fast-paced edutainment. The modular, multi-media, news format that builds on the language and story characters of the Casey book series by Margaret Ross and the teacher tested lessons and activities of the Kamaron KC3 Positive Label Programs for school and business.

 

The KC3 TV Good Finder News Team goes behind the scenes of area schools, organizations, and companies who are making a positive impact.

 

 

The programming focuses on bringing good news to the community and features four segments each episode: Learning It; Living It; Community Connections and Every day Heroes.

 

Positive Parents: Practical tips from Margaret Ross for raising happy children.

Learning It: helps to reduce unkind behaviors such as bullying, and as a result, increases teaching time in school

Living It: connects the dots between business and education

Community Connections: a segment profiling a non-profit organization in the community

Every day Heroes: profiles an individual that models positive relationships skills with their family and community everyday

Cyber Bullying Solutions Schools Home

Daily, half of <?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />America’s school children, approximately 12 million, are impacted by bullying on the bus and in school.  Cyber bullying is in addition to this larger problem that impacts the quality of student education.

 

A partnerships with school, home, transportation, and community is required.

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The number of kids using the Internet makes it the preferred way to communicate. The Pew Internet & American Life Project reports that approximately 17 million kids aged 12 to 17 use the Internet.

 

Teens have embraced IM—74 percent of teens IM, compared to only 44 percent of adults. IM  is the preferred cyber bullying medium of teenage girls.

 

Cyber Bullying incidents tracked at 6 percent in 2000 are now estimated in range of 18% to 42% of students in grades 4 through 8, say they have been bullied online.

 

Less than 20 percent tell their parents that they have been cyber bullying victims our of fear of loosing internet access.

 

It’s a cycle. Half of cyber bullying victims also display cyber bullying behaviors. 

 

Cyber bullies sometimes leave their “electronic finger prints” behind. Electronic messages such as IM’s and emails leave “fingerprints”—nine-digit numbers recorded with your ISP (Internet Service Provider).

 

 

Cyber Bullying Preemption and Prevention In Schools

 

Launch a proactive, preemptive program that replaces the natural name-calling, bullying, taunting bullying behaviors with a positive focus.  Re-norm what is considered cool at school

 

Kamaron Institute has successfully done with the KC3 Positive Label Program, which has proven to decrease bullying behaviors by 50 percent.

 

Make sure ethics and character as bullying preemption should be included in any computer instruction given at your school.

 

Partner with your PTA for a parent briefing on all cyber bullying as well as bullying on buses and in school.

 

Encourage your school district to develop a clear, comprehensive bully preemption and cyber bulling prevention policy on acceptable computer use, both on and off school property.

 

The policy should spell out what constitutes cyber bullying, and list consequences.

 

Establish a bullying prevention relationship with your local police department, perhaps inviting “cyber cops” to your school to speak to parents and kids on proper Internet use.