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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Underemployment - Not Unemployment - Rises to 14.9%
Case in Point: Nicole Sandler, 52, who lost her job at Air America in January 2010 when the radio station closed toward losing her Miami house 15 months later. She is ineligible for unemployment benefits because she was a contractor, according to Bloomberg. Currently, she earns some $1,000 a month from a web cast she produces 5 nights a week and takes temporary radio jobs when she can get them:
"I work but I’m still technically unemployed. I guess I could try to find a job doing something else, but at 52 to take an entry-level job I may as well do what I’m doing. What am I going to do, work in a supermarket?"
[CI Note: Ms. Sandler's comments prompt the following questions: Should she? That is, would she be able to make more money? If she applied, would she be hired? If eligibility changed, how much would the current underemployment count, 14.9%, change? For further details, go to [NY Post, 7/7/12].
