Daily Archives: April 21, 2011

College Graduates Struggle to Get By

In today’s economic climate, many recent college graduates suffer from mal-employment. Mal-employment is a term describing the predicament of graduates who cannot find careers in their fields, and must resort to low-skilled, low-pay jobs just to get by.

Today, about 60 percent of college degree holders hold jobs that require college degrees, compared to 75 percent in 2000. About 1.9 million graduates under age 30 were mal-employed between September and January, according data compiled by Andrew Sum, director of the Center for Labor Market Studies at Northeastern University.

Tiffany Groene, 27, is a Chicago resident with a master’s degree in public administration. Despite her strong educational background, she has spent two years searching for a job in her field. She currently works as a server, and she is returning to college for a master’s degree in education.

“It’s hard to convince people that what I am doing is relevant,” said Groene.

Like Groene, many mal-employed graduates unable to find careers return to school in order to shift their focus and retool their skill set. And while college graduates are still more likely to find employment than those without higher education, the inability to find careers in their field raises troubling questions about whether or not a college education is worth years of dedication and debt.

Some recent graduates, hoping that they don’t seem overqualified, even downplay or exclude their education in resumes in order to get any job. Connecticut resident Kirk Devezin II, 24 has been unable to get job interviews related to his recent communication degree. His interviews have been for barista and cook positions, and even one for a carwasher.

“It just seems like it was just a big waste of time,” Devezin said. “And I’m $20,000 in debt.”

But there is hope. Unlike Devezin, most experts agree that securing a college degree is the best path away from unemployment. The employment levels for college degree-holders are significantly higher than those without college degrees. Even mal-employed graduates make slightly more than the average high school educated worker, at $476 compared to week to $433.

Still, it pales in comparison to the $733 a week for the average job that requires a college education.

“The value of the degree is still there, it is just not returning as much in investment as it would a few years ago,” said Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University.

 

Contains information from chicagotribune.com. Read more here.

Consumer Advocates Seek Ban of Two Weight-Loss Drugs

Public Citizen, a consumer advocacy group, is petitioning the Food and Drug Administration to ban the over-the-counter weight-loss drug Alli, produced by GlaxoSmithKline, and its prescription counterpart, Xenical, produced by Roche. Both drugs contain the active ingredient orlistat. Public Citizen asserts that the drugs are unsafe for consumers based on reports of severe side effects and minimal aid in weight loss. The report includes cases of liver damage, 47 cases of acute pancreatitis and 73 cases of kidney stones. A GlaxoSmithKline press release issued at the same time as the petition stated that the ingredient orlistat is “the most-studied weight loss medicine. Its safety has been established through 100 clinical studies involving more than 30 thousand patients.”

In 2006, Public Citizen submitted a similar petition calling for the drugs to be banned, but the FDA dismissed it. Despite the rejection of the petition, doctors have been prescribing Xenical less and less. In the US, the number of prescriptions plunged 81% from 2000 to 2007. By 2009, the number of prescriptions dropped to 110,000. Public Citizen is concerned that those still taking the drug are at great risk. Dr. Sidney Wolfe, director of Public Citizen’s Health Research Group said in a statement that the drugs “have the potential to cause significant damage to multiple critical organs, yet they provide meager benefits in reducing weight loss in obese and overweight patients. For this reason, the FDA should tell the manufacturers of these drugs, Hoffman-LaRoche and GlaxoSmithKline, to pull Xenical and Alli, respectively, from the market immediately.”

 

This article contains information from walletpop.com. Read more here.

It’s Time to Party!

Spring is here! This is the best season of the year because it has a mixture of all weather. Since it won’t be cold everyday of the week, it’s time to finally bring out those shorts and tanks you’ve been dying to wear. Most people are tired of the cold and ready for the warmth. With that being said, it’s time to party!

This is the season when the sun shines more and the wind is calmed down a bit. It’s also the season that beach goers and sun tanners can’t wait for after a long winter. People are going to be e-mailing and writing out beach party invitations. This means right now is the perfect time to go to your favorite clothing store and buy yourself a perfect swimsuit. Going to the beach you should keep it your clothes light and simple.

House parties are another big phenomenon in spring because everyone is tired of being inside and are ready to get out and party. When dressing for a house party, be sure you dress for the right signal you want to send to your preferred gender. It’s always good to dress nice, but don’t show too much if you’re not trying to send “that” message. Try to incorporate this spring’s hottest trends like floral prints (for women), stripes (for men and women), and fedora hats into your outfit.

BP sues Transocean and Cameron International over Oil Spill in The Golf of Mexico

In the oil spill disaster which happened in the Gulf of Mexico BP already paid billions of dollars and on Wednesday April 20, 2011 BP filed lawsuits against Transocean and Cameron International, these lawsuits were filed because since BP has already paid billions of dollars regarding to the oil spill issued in the Gulf of Mexico they decided to suit these other 2 companies to help BP pay future payments of billions of dollars related to this disaster. BP stated that the lawsuits were filed against these 2 companies to make sure everyone involve in this issued contribute as BP is contributing.

 

The claim against the companies included that Transocean missed critical signs that hydrocarbons were flowing up the rider and failed to take appropriate actions to resolve the problem. Also, that Cameron International built a defective preventer and negligently maintained it.

Decisions on these claims filed by BP suing Cameron International and Transocean are yet to be decided in a court.

This article contains information obtained from nytimes.com Read more here

New Protections for Airline Passengers

On April 20 Federal Officials said that the Department of Transportation rules expanded a set of groundbreaking policies which the department adopted last year, these new rules will take effect on August of 2011.

The new protections for airline passengers will help airlines to make sure that all passengers are treated the right way and with the respect they deserve.  The new rules will increase from $800 to $1,300 for the compensation that airlines must pay any passenger that has been delayed at the airport for losing luggage or been force to overbooked a flight by the airline, also airlines will have to disclose  all the extra fees on their websites and on their reimburse baggage charges.

Passengers and the Airline Passenger Rights group said that these new rules were needed to maintain airlines from mistreating passengers and from charging extra fees.

Read Original Article Here