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lebiez piranaj

Canada Household Debt Much Higher Than Previously Thought; Housing Bubble Bust-Out Now ... - 2 views

www.huffingtonpost.ca/...-housing-bubble_n_1967269.html

Canadian debt finds higher housing bubble thought money household

shared by lebiez piranaj on 18 Jan 13 - No Cached
  • Canadians, you’re more indebted than you think.
  • StatsCan now says household debt amounted to 163.4 per cent of household income in the second quarter, up from 161.8 per cent in the first
  • Canadians are now carrying more debt than Americans and Brits were at the peak of their housing bubble half a decade ago
  • ...1 more annotation...
  • A recent Capital Economics report estimated a construction slowdown would cost 115,000 jobs across Canada
  • lebiez piranaj on 18 Jan 13
     
    Canadians are more than ever drown in debt. When it comes to comparing with the neighbor (US) we are carrying more debt than them. Market observers argued that Canadian consumers will no longer be able to hold up rising household debt.
S C

10 Things You Need To Do While You're Unemployed - Forbes - 1 views

www.forbes.com/...d-to-do-while-youre-unemployed

unemployed forbes what to do

shared by S C on 16 Jan 13 - No Cached
  • zimbello If you can accomplish the writers list you don’t need corporate. Corporate needs you. Put your skills to work for yourself…far more rewarding. Glen Loock Read the article and loved what it says, “Rely on yourself”. This is a new time and it requires a change in our thought pattern. All ten are great ways gai [...] Philippe Scheimann These are indeed 10 excellent points. I would actually expand in the point of ‘start a professional blog’ by actually ‘establish your presence on the Inter [...] Henry Cameron Chang Great article with a great message. This has been something I’ve been telling people for a long time. Fredick Anquandah Interesting piece of advice there…Thanks for that on ma way to the first step and hope it gets me there… Laura Ede I agree – taking a temporary/contract role is an option that job hunters should consider. After spending 10 years in the Public Sector I was made redundant [...] Susan Keefe Unfortunately, I find myself among the unemployed so articles such as this have consumed a good deal of my time lately. These are great tips, especially fo [...] 20 comments, 12 called-out Comment Now Follow Comments Following Comments Unfollow Comments Comment Now Follow Comments Following Comments Unfollow Comments 2.9k 1.2k 888 gigya_share_button_li
  • vast majority of employers are sympathetic to such circumstances.
  • More than 40% of unemployed job seekers have been out of work for six months or longer
  • ...10 more annotations...
  • But this doesn’t mean you can sit around and wait for a sympathetic employer to offer you work.
  • The key is to get people to see your work and to see what you’re capable of doing
  • “The worry is that employers may think job seekers are losing some of their skills because they haven’t been utilizing them. By volunteering, taking temporary work, or signing up for a class that develops your professional tool kit, you show employers that you’ve made the most of your time and will be ready on day one
  • Take a temporary or contract assignment
  • If you fill the gaps with activities and experience that illustrate how you are still developing your skill sets, the overwhelming majority of employers will look past your unemployment and focus on what you can bring to their team
  • If you do a great job, even if it’s for a temporary job, whoever hired you is more likely to recommend you for a permanent position
  • You never stop learning in your career, so the more technical competence you have, the better
  • showing that you are serious about your work and that you take initiative.” Another advantage to taking a class: It’s a great networking opportunity.
  • When you volunteer for something, you are telling potential employers something about you as a person
  • When companies are hiring, they are looking not only for people who can get the job done but also for people with character and integrity
  • S C on 16 Jan 13
     
    Many employers understand that the recession may worsen some parts of the resume, but they are sympathetic and some ways to better your chances are to take temporary assignments, take a class and volunteer when unemployed
S C

Household debt - Wikipedia, the free encyclopedia - 0 views

en.wikipedia.org/...Household_debt

household debt

shared by S C on 17 Jan 13 - No Cached
  • Household debt soared in the years leading up to the Great Recession
  • Twenty years ago, the average American household’s debt was 83 percent of its income; by a decade ago, that had crept up to 92 percent; but by late 2007, debts were 130 percent of income
  • All this borrowing took place both because banks had abandoned any notion of sound lending and because everyone assumed that house prices would never fall. And then the bubble burst
  • ...3 more annotations...
  • Household debt can be challenging to reduce. Major approaches include: 1) Paying down debt over time from income or accumulated savings, if available; 2) Debt write-down or refinancing via negotiation, bankruptcy or government bailout; and 3) Inflation.
  • Debt can be reduced via negotiation with creditors or a legal bankruptcy process
  • If wages increase due to inflation, but debts remain fixed, the debts can be more easily retired
  • S C on 17 Jan 13
     
    Household debt contributes to recessions and depressions, one major cause is banks lowering their lending requirements to make more money. Household debt can be reduced through income and savings, debt negotiations and inflation.
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