Daily Dash February 27, 2008

Daily Dash: Wednesday


February 27, 2008

The Latest Business Headlines from WWJ Newsradio 950

Michigan Foreclosures Down | Filings for the month of January declined 7.03 percent compared to the same period a year ago, to 10,746, The Detroit News reports. | Story

Chrysler, Plastech Reach Temporary Deal | The automaker will continue to get parts from supplier Plastech Engineered Products until March 3, extending a previous deal. | Story

Delta-Northwest Deal in Jeopardy | Northwest's pilots want to arbitrate seniority. Delta pilots say arbitration won't protect them from career disruptions, according to TheStreet.com. | Story

Granholm: Energy Bills Mean Jobs | Michigan's governor wants lawmakers to pass measures requiring 10 percent of electricity be from renewable resources by the end of 2015. | Story

Council Wants Details | Detroit City Council requested a detailed accounting of the city's whistle-blower lawsuit settlement. | Story

Stocks Up, Dollar Down | The Dow rose 114 points to 12,684 despite crude's rally past $100. The dollar hit a record low against the euro, which passed $1.50 in late trading. | Story

Stories marked with have a related podcast at WWJ.com.
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This Week in 'Your People'

Don't let fear rule your operation during times of change.

Jobless claims fall.

Bill would give wage-replacement benefits to the undocumented.

Hiring illegal immigrants is becoming more costly.

Tuesday is the most productive day of the week.

Today's Worldwide Automotive Report podcast.

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NAVIGATING THROUGH CHANGE: HONESTY, OPEN COMMUNICATION ESSENTIAL

With the economic downturn in full swing, many companies are beginning the belt-tightening process. At such times, effectively communicating, listening, and setting a good example are more important than ever.

First, know what to expect. Keeping employees focused when they fear a job loss can be a challenge. And it may get more difficult if you are expected to deliver the same amount of work with a smaller budget, fewer people, and more responsibilities.

Managers in changing organizations also face a range of employee reactions – euphoria, panic, and everything in between. And as a backdrop, supervisors often face the possibility of losing their own jobs.

Even if a manager understands and is on board with certain business decisions, that knowledge often doesn't make the changes that follow any easier, says Lisa Mininni, president of Excellerate Associates, a Canton-based organizational consulting and business coaching company. But the good news is that managers can help employees by modeling positive behavior and attitudes toward change. More...

E-Files: Know When to Hold Them – and When to Delete Them

Back in the good old days, lawyers produced paper to use as evidence in litigation. This process is called discovery. Most companies and institutions kept their papers in relative good order, making the discovery process simple and straightforward.

These days, though, corporate and institutional records are handled in a fast-moving variety of electronic records, from e-mail to Voice Over Internet Protocol voice mails to Word documents to spreadsheets to some forms of text messaging. Some of these records evaporate from computer systems quickly. Others persist for years – or decades. And it can all be hauled into court. More...

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FED CHIEF TO TALK TO CONGRESS: Federal Reserve Chairman Ben Bernanke is giving Congress a fresh assessment of the country's economic health, which has been pummeled by a housing bust, a credit crunch and soaring energy prices. Back-to-back appearances on Capitol Hill were scheduled to begin Wednesday for Bernanke, who is facing his biggest challenges yet in his two years at the Fed's helm. More...

INFLATION SPIKES: Inflation at the wholesale level soared in January, pushed higher by rising costs for food, energy and medicine. The Labor Department said Tuesday that wholesale prices rose 1 percent last month, more than double the 0.4 percent increase that economists had been expecting. More...

JOBLESS CLAIMS FELL LAST WEEK; IMPROVEMENT TEMPORARY: U.S. Department of Labor officials said there were fewer workers who filed for unemployment benefits last week, but analysts believe the decline is only temporary. Federal officials reported that the number of jobless claims fell by 9,000 last week, bringing the total to 349,000. More...

BILL WOULD GIVE BENEFITS TO UNDOCUMENTED WORKERS: The Michigan State Legislature now is considering a bill that would extend wage replacement benefits to all employed, injured – and even undocumented – workers. The current Worker's Disability Compensation Act does not exclude undocumented workers, but the Michigan Supreme Court has ruled that injured, undocumented workers can receive medical benefits, but not lost wages. More...

HIRING ILLEGAL IMMIGRANTS GETTING MORE EXPENSIVE: For the first time in more than a decade, the federal government is raising fines for employers who knowingly hire illegal immigrants, according to The Washington Post. More...

EXECS SURVEY: SECOND DAY OF WEEK MOST PRODUCTIVE: Here's an argument for three-day weekends: Employees get more done on Tuesdays. Fifty-seven percent of executives said Tuesday is the most productive day of the week for workers, according to a recent Accountemps survey of 150 senior executives from human resources, finance, and marketing departments. Only 12 percent of those polled said Monday was tops in the work productivity department. More...

HOW HR CAN HOOK GREAT CANDIDATES: Some experts say old-fashioned resumes and job listings soon may be replaced with newer tools like blogs, videos, and LinkedIn profiles. So how does HR revamp the traditional job-listing approach to attract qualified candidates? More...

EMPLOYERS DRIVING HEALTHIER EMPLOYEE BEHAVIOR: A recent Watson Wyatt study shows that companies increasingly are using benefits enrollment systems as a way to encourage healthier employee habits. In a December 2007 survey of 117 U.S. companies, the global consulting firm found that 53 percent now include health risk assessments as part of their enrollment systems or plan to incorporate them by 2009. More...

WORLDWIDE AUTOMOTIVE REPORT PODCAST: It looks like the American Axle Strike could drag on for a while. February car sales looking weak. Ford updates its full-size van.

HR Events:
Mar. 5: Manage Your Growing Pains

Presented by:
APACC - Asian Pacific American Chamber of Commerce


From 5-9 p.m. at the Embassy Suite Hotel. The second workshop of a four-part series on the four stages of business: start-up, growth, maturity, and exit. Cost: $20 per person and $25 per person after March 2. For more, click here


WWJ Newsradio 950 business events calendar.

AutoTech Daily calendar.

Michigan IT calendar.


Editorial Staff:
The Daily Dash - Wednesday edition is written and edited by James Melton, Jenny Cromie, Ed Coury, and Matt Roush

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