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| October 21, 2018

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Gregg Jarrett: Jeff Sessions and Rod Rosenstein should leave their top Justice Department jobs soon

October 12, 2018 |

Attorney General Jeff Sessions and Deputy Rod Rosenstein should lose their jobs because of enormous harm they’ve caused.
FOX News

Ford to Cut Jobs as It Reorganizes Salaried Workforce

October 6, 2018 |

Ford Motor has informed its global salaried workforce of a planned reorganization that will cut jobs, part of Chief Executive Jim Hackett’s broader plan to squeeze costs and improve efficiencies at the struggling auto maker.
WSJ.com: US Business

Jobs overseeing Social Security and Medicare’s financial health have sat empty for 3 years

October 2, 2018 |

Key posts overseeing the financial health of Social Security and Medicare have been vacant for more than three years, leaving the programs without independent accountability in the face of dire predictions about approaching insolvency.

With Washington corroded by partisanship and consumed by political…


L.A. Times – Business

TMZ

Bill Cosby Could Do a Bunch of Odd Prison Jobs While Serving His Sentence

September 26, 2018 |

Bill Cosby could still work a room in the clink, but it won’t be in any comedic capacity — mostly just in kitchen duty and stitching s*** up for pennies … TMZ has learned. A Pennsylvania Dept. of Corrections official tells us, if Cosby…

TMZ.com

California gained 44,800 jobs in August; unemployment holds at record low

September 22, 2018 |

The California economy barreled forward in August as employers added 44,800 net jobs and the unemployment rate held at a record low of 4.2%, according to data released Friday by the state’s Employment Development Department.

Wages grew but barely enough to top the increase in consumer prices.

All…


L.A. Times – Business

Faster wage growth in strong jobs report is likely to mean more Fed interest rate hikes

September 9, 2018 |

Wage growth accelerated last month to its best year-over-year rate since 2009 in a strong jobs report released Friday, increasing the likelihood that Federal Reserve officials will keep hiking a key interest rate to head off higher inflation.

The Labor Department reported that the U.S. added 201,000…


L.A. Times – Business

How the U.S. economy turned six good jobs into bad ones

September 5, 2018 |

Changes in the labor market have upended myriad jobs that used to pay well, dragging down wages and leaving millions of American workers feeling misled and frustrated.

To illustrate this dynamic, we isolated six industries that provided an above-average weekly paycheck in the 1990s but now pay…


L.A. Times – Business

More Americans are delaying retirement. But finding jobs when older isn’t so easy

September 3, 2018 |

With a master’s degree in computer science and 30 years of experience working for technology companies, Tom Middleton had little doubt he would soon find new employment after losing his job a decade ago as a software engineering manager at Kyocera in San Diego.

How wrong he was.

After two years…


L.A. Times – Business

The Daily: Asian Crypto Jobs on the Rise, Colombia to Cut Taxes for Crypto Firms

September 2, 2018 |

The Daily: Crypto Jobs on the Rise in Asia, Colombia to Cut Taxes for Crypto Firms

The number of jobs and job seekers in the Asian crypto space is growing, according to leading recruiters in the region. Also in The Daily, Colombia may soon become a crypto-friendly nation, California and Russia want to use blockchain tech for insurance and pensions, and Malaysians remain bullish on cryptocurrencies, despite market trends this year.

Also read: Mycrypto Raises $ 4 million, Islamic Crypto Exchange Sets Foot in Malta

More Jobs and Job Seekers in the Asian Crypto Space

Jobs in the crypto and blockchain industry in Asia are enjoying increasing popularity among job-seekers from other, traditional sectors. Data from job search engine Indeed’s platforms in the region, including India, Singapore, Malaysia, and Australia, confirm the strong interest in roles in the space. Also, there’s been a 50 percent increase in the number of openings in the field since 2017, according to recruitment firm Robert Walters.

The Daily: Crypto Jobs on the Rise in Asia, Colombia to Cut Taxes for Crypto Firms

Many of the candidates, however, come from a different professional background, as the sector is still in its infancy. “We hardly ever hire from inside of crypto because most people are very inexperienced. You have very, very few experienced people who get into the crypto industry,” says Julian Hosp, co-founder of Singapore-based crypto wallet and card provider Tenx, quoted by CNBC. He also notes that the number of applicants depends on market trends.

“Not many people have the actual skill sets”, adds John Mullally, director of financial services at Robert Walters in Hong Kong. Professionals that are currently entering the sector come from a wide range of backgrounds, not only tech and financial. Many of them have prior experience in marketing, public relations and operations, the recruiting specialists point out. The findings come after earlier this week Hong Kong, a major Asian economic and financial hub, announced it’s updating its policies to facilitate the immigration of fintech professionals.

Colombia to Cut Taxes for Crypto Firms to Create Jobs

The Daily: Crypto Jobs on the Rise in Asia, Colombia to Cut Taxes for Crypto FirmsColombia may become the next jurisdiction to create a favorable business climate for companies in the crypto and blockchain space. In an opening speech at an annual information and communication tech congress, the country’s new president, Ivan Duque, revealed his administration’s commitment to cutting down rent taxes for crypto startups for a period of up to five years. The main motivation behind the proposal is to stimulate the creation of new jobs in the industry.

According to a report by the Colombian newspaper El Tiempo, the president also declared his support for exploring the implementation of blockchain technologies in order to improve key sectors such as security, health and also curb corruption by tracking the use of public funds. “If we want to overcome corruption, technology can be instrumental. The government must start by setting an example. We take it seriously, we want a modern Colombia,” Duque stated.

The president’s remarks come just weeks after Ivan Duque took office as a head of state of the South American country. He is an acknowledged financial expert in Colombia, also known as a technology enthusiast. Representatives of the local crypto community have expressed optimism as Duque’s administration is replacing a government that was not really crypto friendly.

Blockchain Bill in California, Blockchain Pensions in Russia

The California legislature has passed a draft amending the state’s Insurance Code to lay down the basis for implementing blockchain technology, electronic signatures and smart contracts. The updated legal framework will allow the introduction of electronic records and signatures secured with blockchain. Assembly Bill 2658 also adds the term “smart contract” to the legal definition of contract which legalizes the use of blockchain-based electronic signatures in contractual relations. Lawmakers have also amended the Californian Civil Code to incorporate a legal definition of blockchain technology.

The Daily: Crypto Jobs on the Rise in Asia, Colombia to Cut Taxes for Crypto Firms

In another blockchain-related development, the Russian state pension fund has announced plans to implement the technology to monitor and track employment contract data. The management of the Pension Fund of the Russian Federation (PFR) hopes to minimize its expenses for maintaining large volumes of data. PFR is currently working on proposals to consolidate all its information systems into a single digital platform that will be based on the distributed ledger technology. Another idea under development is to introduce smart contracts and electronic signatures in labor relations.

Malaysians Still Interested in Buying Cryptocurrency

The Daily: Crypto Jobs on the Rise in Asia, Colombia to Cut Taxes for Crypto FirmsDespite the bearish trend in crypto markets this year, Malaysians seem to be more interested in acquiring cryptos, mainly for speculative purposes, than selling the digital coins. The prices of most cryptocurrencies have fallen significantly since last year’s all-time highs but demand for cryptocurrencies in the country remains strong and encouraging, according to Yusho Liu, co-founder of crypto exchange Coinhako.

“The buy side is still very robust. Generally, there have been more buyers than sellers over the years. The more people know about it, the more they will be interested in buying into the future,” he told the local outlet Sun Biz. The entrepreneur shared his observations that most clients of his platform buy and hold digital assets and the participation of mainstream traders has increased in the past six to nine months. “In the long run, we’re still bullish on cryptocurrencies,” Yusho Liu stated.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


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