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A new survey finds a hefty percentage of workers saying they're ready to stick with their current employer for the rest of their careers, and an equally large group saying they're happy to have only two or three employers over their lifetime. But in the current economic climate, who's surprised that our nation of free agents -- those who used to leapfrog to new and better jobs every six or 12 months -- has taken a 180-degree turn, back to the good old days of the "company man?" Among those gainfully employed, who isn't really rather thrilled to be so?
When the labor market returns to something closer to its former self, those free agents will dive back in. In the meantime, millions upon millions of people are on the job hunt. Might working mothers have some valuable tips to offer? Given their experience dealing with major résumé gaps, the answer is yes. Read Ruth Mantell's Diary of a Recession Baby today for tips from moms on how to handle a long-term period of unemployment.
Does our newfound willingness to stick with one employer herald the return of the company pension? If only...
Say goodbye to free-agent nation. The recession is driving more American workers to become workplace "nesters," sheltering from the storm that is now the job market by staying with the same employer for as long as possible, according to a study released Tuesday by consulting firm Towers Watson. See story on how recession has spurred some to stick with jobs for life.
Working mothers' tips for job seekers
Generations of working mothers have had to learn how to stay professionally relevant and avoid income shocks despite the résumé gaps that can come along with a new baby. With millions of jobs lost since the recession began, and fierce competition for open spots, mothers may be in a great position to offer some needed advice. See Diary of a Recession Baby.
Before the interview, Google yourself
The idea that employers perform Internet searches on job candidates is nothing new -- and the frequency of these searches is climbing. Some experts report that up to 85% of hiring managers "Google" a candidate before or after an interview. See story on tips to find a new job.
The Fed is leaving rates unchanged, but that means they'll eventually go up and markedly so, according to Greg McBride of Bankrate.com, who advises refinancing to fixed-rates loans and investing in shorter-term instruments. Kelsey Hubbard reports. Watch Video Report.
Low-cost broadband Internet for all?
Stacey Delo and the Digits panel discuss the winners and losers from an FCC proposal to bring cheap broadband Internet to 100 million American homes by 2020. Watch Digits.
ECONOMY & POLITICS
Fed stands pat on rates, key wording
The Federal Reserve kept its benchmark interest rate at a record low level Tuesday and made no changes to the key "extended period" policy pledge, a signal that it believes the economy still needs support to get to a sustainable path. See The Fed.
Regulatory pressure on banks may be helping hedge funds
Regulatory pressure on big U.S. banks may be helping independent hedge-fund firms recruit more traders. See story on hedge funds.
Stumbling block for financial reform: Investors
As members of the Senate Banking Committee discuss a massive new proposal to rewrite the rules of capitalism, it is becoming increasingly clear that a series of shareholder empowerment measures wrapped in the legislation have become a central point of disagreement and a key stumbling block for its passage. See Capitol Report.
Commentary: Health-care reform math doesn't add up
When it comes to the president's health care legislation, the numbers simply don't add up. There is no doubt that the cost of health care is rising at an unsustainable rate. There is also general agreement that there are some abuses that must be dealt with. See Irwin Kellner.
Backers and opponents of health-care reform turn up the pressure
Interest groups from across the political spectrum are mounting a full-court press this week to support or sink the health-care bill, as President Barack Obama's signature legislative issue heads for a final vote on Capitol Hill. See story on health-care overhaul.
Fed will exit mortgage market soon
The central bank is nearly done buying more than $1 trillion in mortgage-related debt. Jim Barnes at National Penn Investors Trust discusses what this means for the bond market and also for home buyers. Deborah Levine reports. Watch Video Report.
Housing starts drop almost 6%
U.S. housing starts fell about 5.9% to a seasonally adjusted annual rate of 575,000 in February as several massive snow storms hit the East and South and stalled home building, according to data released Tuesday by the Commerce Department. See Economic Report.
Fed funds futures no crystal ball on rate hikes
Fed funds futures are often used as a window into when institutional investors expect the Federal Reserve to hike rates. But this little-understood market has weaknesses as a predictive tool, say traders. See Credit Markets.
How to invest in fed funds futures
The avenues for investors to make bets on the direction of the Federal Reserve's interest rates are increasing as more retail investors and day traders get involved in futures, analysts say. See story on investing in fed funds futures.
Commentary: It's called March Madness for a reason
Don't do it! If you're a big fan of college basketball, think twice -- even thrice -- before making any changes to your portfolio over the next couple of weeks. Why? See Mark Hulbert.
Yes, Oliver Stone is suddenly America's hottest market timer, as well as the voice of the inner "American Soul," warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 "Wall Street" film hit the theaters. See Paul B. Farrell.
WASHINGTON (Reuters) - Most House Democrats back President Barack Obama's plan to let tax cuts for the wealthy expire this year, though the proposal will face a battle in the Senate, the acting chief of the tax-writing panel in the House of Representatives said on Tuesday.
WASHINGTON (Reuters) - Members of the U.S. Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
WASHINGTON (Reuters) - The new financial reform bill introduced in the Senate will likely be approved at the committee level next week, but its shape could change substantially once it comes before the full Senate and winning Republican support comes into play, analysts said on Tuesday.
TORONTO (Reuters) - Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.
WASHINGTON (Reuters) - Boeing Co said on Tuesday it expects only modest growth in its space revenues over the next five years with commercial orders seen accounting for a growing share as government orders decline.