Mid-Term Elections and Unemployment Extension 2010

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When you cast your vote in the upcoming mid-term elections next Tuesday, here is a reminder of 11 Senators up for Re-Election that held up the unemployment extension for 2 months this year and cast their votes against this emergency assistance to the millions of people who are unemployed through no fault of their own.

Alabama Richard Shelby

Alaska Lisa Murkowski

Arizona John McCain

Georgia Johnny Isakson

Idaho Mike Crapo

Iowa Chuck Grassley

Louisana David Vitter (did not vote)

North Carolina Richard Burr

Oklahoma Tom Coburn

South Carolina Jim DeMint

South Dakota John Thune

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Innovative GA Works Program Helps Unemployed Find Jobs

The Georgia Works program is taking a unique approach to finding jobs for unemployed workers.  With a combination of training and a hands on application of new skills being learned, those signed up with this program can actually work for employers that could likely end up hiring them on full time.

The employer gets to try out a potential new employee with no obligation while at the same time giving that person an opportunity to learn the job, prove their merit and hopefully convince the employer that they will be the best fit if they decide to make the position permanent.  The unemployed person does not receive a salary but can continue to receive their unemployment checks.  So far, the program is working for many of those who have taken advantage of this whole new approach.  Mike Thurmond who is Georgia’s Commissioner of Labor, has been touting the benefits of this program, and has high hopes that other states will adopt similar measures to encourage hiring for good workers needing jobs during these tough economic times.

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Goldman Sachs Earns $1.74 Billion for 3rd Quarter

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Goldman Sachs has done it again.  The controversial investment banking firm has once again managed to pull off record earnings during troubled economic times.  Earnings approaching $2 Billion for the third quarter have exceeded even analysts expectations.  This is in stark contrast to Bank of America which reported losses of $7.65 Billion for the third quarter.

Goldman Sachs repaid the government TARP funds last year and set aside an additional $6.65 Billion for employee salaries and bonuses.  2010 appears to be another golden year in this little corner of the financial services sector.

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