American Morning

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December 10th, 2010
08:10 AM ET

Obama and Republicans' tax package explained

Yesterday, Democrats in the House of Representatives rejected a 900 billion dollar tax plan that President Obama negotiated with Republicans.

Wondering what exactly is in the tax plan?

Chrystia Freeland, global editor-at-large with Reuters, joins American Morning's John Roberts and Kiran Chetry to break down the plan.


Filed under: Economy • Tax cuts
December 9th, 2010
08:50 AM ET

Fortune’s stock picks for 2011, and why gold’s luster could soon be lost

Could the next bubble burst come from gold prices?

Though you might be lured into investing in such a booming commodity, you might want to look into some other stock opportunities that might be safe picks for the new year.

Fortune Magazine's Leigh Gallagher joins American Morning's John Roberts to discuss their cover story on the best stock picks for 2011. She also explains why our love affair with gold might end soon and why gas prices are headed back up.


Filed under: Economy • Investing
December 7th, 2010
07:44 AM ET

Out of work? Hit the party circuit, but bring tact

By Christine Romans, CNN
Christine Romans is anchor of CNN's "Your $$$$$" and author of the new book "Smart Is the New Rich: If You Can't Afford It, Put It Down."

(CNN) - All I want for Xmas is a job!

According to Consumer Reports, you'll spend an average of 15 hours at holiday gatherings this year. That means plenty of opportunities for networking for a job. The trick is to do it tactfully or don't do it at all.

If you are out of work, you'd be crazy to skip the holiday party scene. You might not feel like going, but put on a tartan plaid tie or a little black dress and get out the door.

Have a 30-second pitch - a soft-sell, if you will - at the ready in case you run into an old work colleague or a make a new connection who may be in the position to hire.

It should be something simple, like, "I've been volunteering and doing some research in (insert your field here) since the layoffs this summer. But I'm ready to get back in. I've got some great ideas for how to increase sales. Let me know if you hear of anyone ready to start moving forward in this economy."

Sound smart (and sober)

Small talk is critical. Ask questions, don't just talk about yourself, and be well-read on news and the economy so you can sound current.

If you're Generation Y, troll for internships or part-time work, or ask whether you can do research for your uncle's college roommate's wife's advertising agency (or whoever it is you land next to at the dinner table or on New Year's Eve.) Just getting a foot in the door is key right now, because businesses are more likely to hire temp work or part-time before they are sure the economy is stronger. Then, there you are, already there and willing to move up.

Do not drink too much, and do not be too aggressive or negative.

Don't sound desperate, either. "If I don't get a job by January, I am going to lose the house." Who wants to hire the buzz-kill at the holiday party? Keep it brief, focused and light. If the conversation appears to be going your way, ask for a business card. If it doesn't, cut your losses and move on. The key here is mixing a little bit of job-hunting "business" with holiday "pleasure."

Job experts see a treasure trove for job-seekers at these holiday gatherings. Etiquette experts are more circumspect.

Peter Post, great-grandson of manners doyenne Emily Post and director of the Emily Post Institute, advises against walking into a party and attacking guests, asking for a job.

"But if you are having a conversation with a person, almost naturally one of the things a person asks is, 'How are you doing? How are things going in your life?' At which point, that allows you to say, 'you know, I'm actually in between jobs, and I am really looking for something, and if you were to ever hear of something, I'd sure appreciate knowing it.' "

"But to overtly walk up and say, 'Hi, John, nice to meet you. I hear you work for So-and-so Company and you are the HR person, and I'd love to come in and see you next week.' That's not the way to do it."

Post ran an ad agency for 20 years and said he routinely found new clients at parties. The same holds true for jobs today, if handled with "tact, honesty and a little bit of restraint."

Follow up

If you've had a nice, brief connection with someone at a holiday party, don't be afraid to ask the host or hostess a few days later whether it would be okay to call or e-mail that person with your résumé. If the host is your friend, they will be glad to help.

Holiday parties, of course, should not be your only job-search technique. But with 4.6 job-seekers for every available position, every little connection helps to put you ahead of the line for a job

Read Christine's full story


Filed under: American Morning • CNNMoney.com • Economy
December 3rd, 2010
08:53 AM ET

Modern-day Golden Girls: Grandmas move in together to save money

Twenty-five years after "The Golden Girls" went off the air, the real-life version is unfolding across the country. In recent years, thousands of single women in their 50s, 60s and 70s have chosen to share houses or apartments — to have a roommate, maybe for the first time since college.

It’s a move often born of financial need — or in some cases, from a desire to keep up a more robust standard of living. According to one home-sharing agency in San Mateo, Calif., 58% of people looking for a roommate were women ages 50 and older in fiscal year 2009-2010 — up from 48% in 2006-2007. In Baltimore, a similar program has seen a 23% increase in women over 50 looking to share a home in the past two years.

The trend is so strong that its given rise to a cottage industry, including roommate-finding services that have niche areas devoted to older women, as well as firms, like St. Paul, Minn.-based Golden Girl Homes, that specialize in home-sharing for older women.

AM’s Alina Cho interviews two roommates.


Filed under: American Morning • Economy
November 29th, 2010
09:06 AM ET

How to save money on your 2010 taxes today

President Obama is scheduled to meet with Congressional leaders on Tuesday to tackle the thorny issue of extending the Bush-era tax cuts. It's expected that the cuts will be preserved for most Americans, at least for the time being. But the uncertainty is making tax planning a little trickier this year.

Vera Gibbons with Turbo Tax joins American Morning's Kiran Chetry to share some essential year-end tax saving tips.


Filed under: American Morning • Economy
November 29th, 2010
08:23 AM ET

Holiday shoppers turn out for "Black Friday," buy for themselves too

You scanned the incredible sales, got up early to be first in line and maybe even snagged a deal or two. But did the excitement around "Black Friday" sales translate into a boost in the economy?

Marshal Cohen, chief industry analyst with the NPD Group and author of "Buy Me!," joins American Morning today to break down his latest survey results on "Black Friday" sales and "Cyber Monday" (usually the Monday after Thanksgiving) will show improved sales data.

Watch to find out what we can expect for the rest of the holiday shopping season.


Filed under: American Morning • Black Friday • Economy
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