Monday, May 17, 2010

Business News

A ten point plan to boost national employment is being is handled by Enterprise Minister Batt O'Keeffe.The Let's Make in Work initiative was drawn up by business leaders who believe economic recovery begins with employment.

Robert Mac Giolla Phadraig of recruitment firm Sigmar says employers were asked what would work for that around job creation and the initiative is the result of their constructive, practical recommendations. One of the points of the plan urges the setting up of a job creation tzar, who would have a cental point in cor-ordinating all moving parts to job creation.

Other briefs are about US Federal Reserve. US economic activity is picking up, and that it will hold interest rates steady for an extended period of time. The Fed said 'subdued inflation trends' and other factors 'are likely to warrant exceptionally low levels of the federal funds rate'.

Also, Employee Action Committee of Quinn Insurance gets ready to appear before the Oireachtas Joint Committee on Enterprise, Trade and Employment today to discuss the threat to jobs at the firm, reports suggest that administrators are looking for up to 800 redundancies.

The last brief is about Republicans in the US Senate having dropped their objection to a debate on the most significant reforms to financial regulations since the 1930s. They had blocked action on the bill for three consecutive days. US President Barack Obama said he was very pleased the proposals would be debated, and that Americans must never again allow the financial practices that triggered the global economic crisis.

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Previous Post: Tampa was where it started for Charlie Gasparino

Tampa was where it started for Charlie Gasparino

Charlie Gasparino remembering his last day with The Tampa Tribune says an editor took him and fellow newspaper scribes to a Tampa pub and toasted his decision to leave, noting that "Charlie, you are making the worst mistake of your life."

"It made me think for a minute because I had learned so much in my short time there so it was a tough decision because I was doing pretty well," he said in a recent telephone interview.
Gasparino was working with Tampa for 20 years now and went on to write for Newsweek and The Wall Street Journal (where he was part of team that was nominated for a Pulitzer). He became reporter and commentator for CNBC and now is the newest star at the Fox Business Network.

"This is a competitive business, and breaking news is what I thrive on," says Gasparino, who delights in scooping rivals and even co-workers. “I am paid to produce, and I work hard at it," he says. "I care about issues that affect the pocketbook."

"Doyle Harvill told me that people are busy with their lives, working and raising kids, and they don't have time to work their way through 15 paragraphs of a think-piece," Gasparino says. "They want news, so don't bury the lead 15 graphs into the story."

He only worked in Tampa for about a year – 1990. "I was interested in business reporting, and Tampa had an opening," he says. "I had been turned down by the Dallas Morning News because I didn't have the right pedigree – a Harvard degree." He admits he is a workaholic. "I'm doing Fox Business and appearing on Fox News Channel, writing blogs and articles and working on a second book.'

CDS Global closes the Red Oak mail processing operation

CDS Global announced the closing of a mail processing operation in Red Oak as part of a restructuring of their organization and this will result affect 200 jobs. The company will close its Red Oak mail processing operation, affecting just under 200 full-time, part-time and temporary employees from 30th June’ 2010 and shall be moved to Harlan and Boone. The company will be offering severance and outplacement services to the affected employees.
“Over the past two years CDS Global has been transforming its business due to the digital revolution,” said Malcolm Netburn, chairman and CEO. “These steps are a reflection of that transformation. Our employees’ commitment to excellence has shaped this company’s success and will continue to be the foundation for future growth. This was a difficult decision due to the loss of valued CDS Global employees.”
"We have become the largest, really, outsource provider to the magazine industry and the world, all pretty much out of Iowa roots," said Netburn.
"Maybe you're reading (a magazine) at the airport and something drops on your lap, that little annoying card," he said. "If you look at that card, most of those cards for any magazine you get will probably say Harlan, Iowa, or Red Oak, Iowa, or Boone, Iowa."
"It's going to be a difficult thing for this town and for neighboring towns as well," said Pam Dunbar of Red Oak.
"You can do all types of business on the computer and it really is a more efficient way to do it and it is more immediate," said Drake journalism professor Lori Blachford.
"The people who lost their jobs did not lose them because they weren't great employees," Netburn said. "They lost them because the nature of the businesses we're serving are changing