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So, how bad is this going to get? This week? For how many years we Boomers have left? Dow Jones Industrial Average Index Index: DJI Compare 48,811.03 USD ▼  -814.94 (-1.64%) today February 23, 2:55 PM EST   ·   Market Open  

   A group in tech I have consulted with, employed and unemployed, "help" each other for this primary reason: They know that when one gets a big job or a contract they usually will bring in others on the network. So, all the participants keep active on what they can exchange in order to continue being considered useful.  That's the essence of networking. That is, horse trading. Although the transactions might be genial, they are not about what a wonderful talented professional you are and how you deserve a break in your need to earn a good living, get ahead and/or bounce back after chronic unemployment. Reading the Epstein Files made that clear. Those in the loop had something good to trade. Maybe it was prestige as with MIT, Harvard and Stanford or the funds to pay a high fee for tax advice as with Leon Black.  That rigid exchange system is misunderstood by those who had been in stable or rapidly growing sectors. When knocked out of the box they are instructed by th...

A stunner, at least to them. But not to us coaches in the trenches. The middle-aged knowledge worker with blockbuster experience and an advanced degree from a top school becomes a "chronic unemployed." That is, without work for at least six months. They don't understand why they haven't been hired, even in the current challenging job market. They tell their stories over and over again on Reddit.  There is an obvious why they haven't picked up on what's going down. The short version of that is this: Their parents didn't endure the work conditions in The Great Depression. A Boomer, mine did. By time I was born the post-WWII boom economy was starting to kick in. So, yes, their options for earning a living had improved. But, they never stopped talking non-stop how brutal it had been. All of them had, because of their experience, evolved into hollowed-out human beings. What they had to put up with to get and hold work mirrors much of the ethos of the being emp...

Boomers vividly recall the 1960s British John Profumo sex scandal .  That secretary of war, along with the Prime Minister Harold Macmillan, stepped down. In addition, there was the high-profile suicide of osteopath Stephen Ward. So, some are wondering: Why no suicides, at least not yet, of any of those caught in the Epstein files fallout. Many of us don't believe Jeffrey Epstein who had the best legal resources and loved himself dearly would commit suicide. Well, according to those I talk with, the chat bots and my own experience with human beings in trouble there are significant differences, at least in America, between the Profumo whatevers and what is going down during the past several years. For one thing, unlike the factors in Profumo, these developments don't involve national security in the US. Ward introduced Christine Keeler to Profumo. She was also involved with a Russian attache.  For another, there were criminal legal actions. Ward was actually on trial for crimina...

On highways those large fully-equipped RVs, with expensive cars hooked up in the back, signal the reward of a life well-lived which provides enough funding to enjoy the golden years. At rest stops, the couples exude the contentment featured in those financial services ads.   But, as we learned from the 2020 film "Nomadland," the RV more often provides last-resort shelter for those whose life choices didn't pan out so well. The real-life Bob Wells guides RVers in survival skills, such as fixing a tire, and there is an introduction to how to pick up paid work on the road. Now, with inflation, especially in housing, continuing there's a new wrinkle to this development. Those in HCOL (high cost of living) areas such as Silicon Valley are renting from "vanlords" RVs to move on up in creature comforts from sleeping in their cars. CNBC  details this emerging lifestyle. Those in it are grateful they can now have space to cook, unlike what was possible in a car. Fro...

Larry Summers Leon Black  Kathy Ruemmler. The feeling is almost universal: They got what they deserve.  In contrast, there's the great divide in the legal sector and more how humans feel about Brad Karp, superstar lawyer and former chair of elite Paul, Weiss.  Today, on Substack there's a conversation between two legal journalists Vivia Chen and David Lat about that binary situation. Like myself they have been obsessive in covering what the Epstein Files have disclosed about Karp's relationship with monster Jeffrey Epstein, the internal coup which stripped him of his chairmanship title and his current state of being. As so many know, there are those who are outraged that Karp, unlike Summers and Ruemmler, still has a job. Essentially they perceive that as a continuity of the abuse of power that the Epstein loopings were all about. If Karp didn't control about a nine-figure book of business, so goes the thinking, he would have been purged. Shame on Paul, Weiss for its m...