Posts Tagged ‘economy’

The Economy and Job Hunting

October 14th, 2008

I’m beginning my job search, and it’s a doozie. We’re in some uncertain economic times… is it a weak job market for those of us who are about to graduate from college?  Or do we have a leg up because more of us can be hired for the same amount of money as more experienced employees?

Who knows?  I know I don’t.

I just know that there’s one thing I’m trying to use to guide my job search: Will I enjoy the job? Will I want to go to work? Am I going to love it?

I’m not sure what that looks like – I don’t even know where I want to work, or what I want to do. But I want to understand and love the big picture associated with the company and the job.  I would love to work in the private space industry, but I’m not sure where to start, especially if I want to stay in Atlanta for a little while.  We’ll see where that goes, if it goes anywhere.

I’ve also thought about starting something, but I’m not sure there’s any early stage capital available anywhere at this point.  So do I just camp out at my current job and weather the economic storm?  Try and find a job I love?  Throw all my effort behind my idea and work until I can’t go anymore?  What’s the best thing to do?

Bailouts = Bad

September 18th, 2008

These bailouts have got to stop. At what point does this madness stop? We’ve already fallen down a slippery slope.  Our tax money is being used to bail companies out whose management have made poor decisions.  I realize that in almost every case this happens, an argument can be made for the overall better well being of the economy, but at some point, after we hand out tens of billions of dollars every time a company is about to go under, aren’t we just throwing money down the drain?

At what point is there no longer a free market?

Here’s a quote from Steven Pearlstein of the Washington Post (found via my friend Rob Johnson):

“What we are witnessing may be the greatest destruction of financial wealth that the world has ever seen — paper losses measured in the trillions of dollars. Corporate wealth. Oil wealth. Real estate wealth. Bank wealth. Private-equity wealth. Hedge fund wealth. Pension wealth.”

He’s right on. It’s scary.  But is constantly handing out billions of dollars a good long-term idea??

Just something to think on…

Colin