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August
5, 2008
The
Latest Business Headlines from WWJ Newsradio 950
Chrysler
Talking About Finances | The normally tight-lipped
Chrysler has become quite talkative in the past two
weeks about its finances, the Detroit Free Press
reports. | Story
Obama
Pledges Auto Support | Speaking in Lansing
Monday, Barack Obama said he'd put billions into helping
auto manufacturers make more fuel-efficient cars. |
Story
Ford,
Roush Sued | A car buyer claims they misrepresented
how many vehicles they would produce of a limited-edition
Mustang model, Dow Jones Newswires reports. | Story
Pulte
Discount | On the heels of a new, temporary
tax credit for first-time homebuyers, the builder is
offering a matching discount, BusinessWeek.com reports.
| Story
Paychecks
Shrinking | Employers are cutting payroll costs
as they try to stay alive through one of the worst slowdowns
in Michigan history, The Detroit News reports.
| Story
Primary
Election Day | It's primary election day across
the state. The polls will be open from 7 a.m. to 8 p.m.|
Story
Focus
on Fed | Stocks ended lower Monday as a slide
in oil weighed on energy and commodity stocks ahead
of today's Federal Reserve's decision on interest rates.
| Story
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Stories
marked with 
have a related podcast at WWJ.com. |
Listen
to WWJ Newsradio 950 live on the Web anytime 
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LYING
ON YOUR RÉSUMÉ: FIBS ABOUT YOUR SKILLS,
BACKGROUND COULD COST YOU THE JOB
 Is
your résumé more fiction than fact? Is
it even a little bit fictitious? If so, you might want
to fix it. According to a survey by CareerBuilder.com,
lying on your résumé could cause you to
be summarily removed from consideration when applying
for a job.
Although only 8 percent of workers admitted to stretching
the truth on their résumés, nearly 49
percent of hiring managers reported they have caught
a candidate lying on one. Of these employers, 57 percent
said they automatically dismissed the applicant. More...
Résumé
Resources
University
of Michigan Career Center: "Résumé
Writing."
CareerBuilder.com:
"Résumés
That Get Interviews."
Monster.com:
"Avoid
the Top 10 Resume Mistakes"
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Feldman
Report: Tips on Getting a New Job or a Pay Raise
 If
you're among the large number of people either looking
for a job or trying to get a raise, WWJ Newsradio 950
and Fox2 news reporter Murray Feldman has some tips.
When asking for a salary increase, it's acceptable to
ask for a specific amount, if you know you are in the
correct range for the position. But be prepared to tell
the boss why you are worth what you are asking for.
Moving
On? 10 Things to Leave Out of Your Resignation Letter
You probably think it's obvious that certain sentiments
should never be included in a letter of resignation.
But, according to Chicago-based employee development
and communication consultant Leslie Levine, you might
be surprised at what some people consider to be acceptable
things to put in writing when leaving a job. More...
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|  EMPLOYEE
CONFIDENCE DROPS IN JULY: The Spherion Employee
Confidence Index dropped 0.9 point to 45.2 in July,
decreasing to a new low since tracking began in June
2004. But, contrary to the June report, which showed
that both personal confidence indicators were on the
decline, the July data demonstrates a positive upswing.
Worker confidence in the future of their employers increased
three percentage points and 49 percent remain confident
in their ability to find new jobs. More...
RETIREMENT
AGE CENTRAL TO SOCIAL SECURITY DEBATE: Want
to keep Social Security from going bankrupt? Make future
recipients wait longer for their first benefit check
because they probably will live longer anyway, an influential
group of actuaries says. The next president and a new
Congress will come under increasing pressure to act
to fix the Social Security system. Democratic presidential
candidate Barack Obama rejects any increase in the retirement
age while his GOP rival John McCain opposes tax increases
as a possible fix. The American Academy of Actuaries,
which advises policymakers on risk and financial security
issues, wants any potential solution the White House
and lawmakers might consider to include raising the
retirement age from the current range of 65-to-67-years-old.
More...
BIG-NAME
COLLEGES HELP GRADS GET BIGGER SALARIES: Where
you go to college can have a big impact on your starting
salary and your earnings over time, according to Wall
Street Journal columnist Sarah E. Needleman. Citing
a survey by PayScale Inc., she says Ivy League graduates
tend to do better than graduates of other schools. "Even
though graduates from all types of schools increase
their earnings throughout their careers, their incomes
grow at almost the same rate, according to the survey,"
Needleman writes. The result: the median starting salary
for Ivy League grads is is 32 percent higher than for
graduates of liberal-arts college and at 10 years later,
the spread is 34 percent. To read the
entire column, click
here.
 WHY
WOMEN WALL STREET STARS SUCCEED IN NEW JOBS: According
to Harvard Business School Professor Boris Groysberg,
women who are star performers on Wall Street tend to
fare better than men after changing jobs. Why? Among
other things, he says, women place greater emphasis
than men on external business relationships, and conduct
better research on potential employers. In an Q&A
recently posted on the HBS Working Knowledge Web site,
Groysberg discusses his finding. To read more,
click
here.
MONSTER
EMPLOYMENT INDEX FALLS: The
Monster Employment Index fell six points in July, as
a majority of industries, occupations, regions, and
local markets noted continued contraction in online
job availability. Online job availability rose in four
of the Index's 20 industry categories and in three of
the 23 occupational categories measured during the month
of July. On a year-over-year basis, the Index is now
down 14 percent from a year ago. More...
WORLDWIDE
AUTOMOTIVE REPORT PODCAST: Chrysler celebrates
one year of independence. Toyota resorts to layoffs
in Japan. WWJ Newsradio 950's Jeff Gilbert asks: What
do leasing changes mean for consumers?
BE OUR FRIEND ON FACEBOOK: The Daily Dash
now has a profile page and a group on Facebook. If you
have a Facebook account (or have been looking for a
reason to set one up), we'd like to hear from you. To
visit the Daily Dash profile, click
here. To join the group, click
here.
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Editorial
Staff:
The Daily Dash - Tuesday edition is written and edited by James Melton, Ed Coury, and Matt Roush |
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NEWS FROM CNET
SMARTPHONES FOR FIRST-TIME USERS: If you're
moving up the corporate ladder, it might become necessary
to make the leap from cell phone to smartphone. If you've
been hesitant to graduate to a smartphone because it seems
too advanced or excessive, think again. More...
CORPORATE
GIANTS PUSH INTO CLEAN-TECH INVESTING: Venture
investing in clean-tech companies hit a record last quarter
as the participation of corporate giants began to make a
more pronounced impact. Ernst & Young on Monday published
a report based on data from Dow Jones VentureOne which shows
that clean-tech venture investing shot up to $961.7 million
in the second quarter. That's a 41 percent increase from
the first quarter of this year and an 83 percent jump compared
to the second quarter last year. More...
THE
HUMAN FACTOR IN GOOGLE TRANSLATIONS: The tech giant
is readying a service to help people get documents translated.
Might the service also help train Google's machine translation
tech? More...
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