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American Millennials Are Some Of The World’s Least Skilled People, Study Finds

March 12, 2015 Comments off

huffingtonpost.com

MILLENNIALS
 We American Millennials are really, really good at using today’s technology.

That’s probably because we’ve forced companies to make technology that’s extremely easy to use, and that’s better at doing our day-to-day tasks than we are. But with easy power comes no responsibility, it seems. According to a new study, we’re some of the least skilled people in the world.

Fortune reports that Generation Y Americans (those born after 1980) lag behind their overseas peers in literacy, numeracy and problem-solving in technology-rich environments. Researchers at the Princeton-based Educational Testing Service (ETS), who conducted the study, administered a

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Categories: studies, Study, United States Tags: , ,

Stocks Up, Houses Down, And What This Means for Most Americans

February 5, 2011 1 comment

Put your ear to the ground and you can almost hear the bulls stampeding. The Dow closed above 12,000 Tuesday for the first time since June 2008. The Dow is up 4 percent this year after increasing 11 percent in 2010. The Standard & Poor 500 is also up 4 percent this year, and the Nasdaq index, up 3.7 percent.

“The U.S. economy is back!” says a prominent Wall Streeter.

Ummm. Not quite.

Corporate earnings remain strong (better-than-expected reports from UPS and Pfizer fueled Tuesday’s rally). The Fed’s continuing slush pump of money into the financial system is also lifting the animal spirits of Wall Street. Traders like nothing more than speculating with almost-free money. And tumult in the Middle East is pushing more foreign money into the relatively safe and reliable American equities market.

It’s simply wonderful, especially if you’re among the richest 1 percent of Americans who own more than half of all the shares of stock traded on Wall Street. Hey, you might feel chipper even if you’re among the next richest 9 percent, who own 40 percent.

But most Americans own a tiny sliver of Read more…

Categories: Housing, Stock Market Tags: , , , , , , , , , , , , , , ,