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To some it's that bad: the geopolitical chaos associated with Greenland, Iran and Venezuela. They have told me that they even have stopped watching the news. The world seems on fire. But the stock market keeps rising, not crashing because of the Trump administration's statements about what it intends to do as it aims to establish a sphere of influence. CNBC looked into this disconnect between global developments and equity markets. The headlining observation is by Benjamin Jones, head of global research at Invesco: “Many geopolitical events are troubling, but markets are callous and only react meaningfully and sustainably when these events impact economic fundamentals or lead to a change in policy ..." In addition, CNBC adds that where there is geopolitical risk, but not yet action taken, the market tends to chug along okay. This morning futures are up.  We Boomers who are monitoring our investments obsessively can't believe our good fortune. So far, so good. The hope...

 " Experienced workers have been slower to recognize job-market shifts that create new roles in construction and similar industries." - The Wall Street Journal, January 14, 2025 As a career coach specializing in the over-50 segment I have a front-row seat on some of the mindsets in the labor market. Among the aging - the majority of whom Pro Publica predicts will be out of their knowledge work jobs - there remains a bias against doing anything that doesn't involve the trappings of the office. That's their comfort zone: the desk, the organizational hierarchy, the processes, the policies. And the polite well-measured conversations. That means they probably wouldn't even consider a shift to those jobs in blue-collar industries where they essentially would be doing knowledge tasks. WSJ presents the service advisor positions at car-repair chain Crash Champions. That's white-collar work in a blue-collar setting.   With good reason, they would wonder: Could I fit in...

Early one morning you're crowing about your golf game. As the day moves on your life changes in minutes: You're told by HR that your job no longer exists. Terms of severance are announced. And you stumble home to your family, then outplacement, then the abyss of months and months of no luck landing a comparable job. If you're over-50, Pro Publica documents that's inevitable for the majority of you. That series of events is showcased in the 2011 film "The Company Man."  Two older executives and one younger one are forced out.  You can catch the movie on the free streaming platform Tubi.  Back then this loss of the American Dream was called "downsizing." Currently it goes by labels such as: Cost efficiency Shareholder Value Automating tasks through AI. But the dislocation is the same. As an intuitive coach I bear witness to the usually irreversible blip in a well-planned career path. Even if another good job turns up - and that happens now and then - ...

The new CEO at Verizon Daniel Schulman is starting out 2026 on a sour note. At least for businesses which depend on its telecommunications. Today there was an outage in several large metro areas such as New York, Seattle and Los Angeles. The impact of that extends to how the corporation handled the crisis.  The Wall Street Journal reports that its spokesperson officially said: “We know this is a huge inconvenience, and our top priority is to get you back online and connected as fast as possible. We appreciate your patience while we work to resolve this issue.” How a major provider of telecommunications dare tell subscribers they are only experiencing a "huge inconvenience." The economy runs on telecommunications. The reality for businesses is that this shut down some of their core channels of communications, including voice and texting. Although my service was not in the disrupted regions, as soon as I heard about the outage I notified a business whose clients I service that...

  Dow Jones Industrial Average INDEXDJX: .DJI 49,149.63 −42.36  (0.086%) today

We coaches learn the most from our clients. Everything from just-in-time practices in recruitment to what kinds of workers are getting promoted.  What I have been observing in this challenging and ever-changing labor market is this: Too many of those coming to me for a complimentary consultation have an unrealistic mindset about how to get, hold and more on to better work. They share a fantasy of The Big Score.  For example, they want a better paying job than what they had had before being laid off. If they're making a career shift they want to surge to the top quickly. There's no factoring in how to get there in 2026.  So they turn down work not aligned with that fantasy. They remain jobless. And in increasing isolation. Those once on their network start to duck them. Financial reserves are running low. Meanwhile they blow off the recommendation to grab a survival job to restore their confidence (which they might not realize they've lost) and reset their persona as work-...