| Final Cut: Words to Strike from Your Resume and Why There Will Never Be Another Drug Like Lipitor |
| News - Financial News |
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If you(TM)ve applied for a job recently, you(TM)ve probably looked over that 8 x 11 summary of your career more times than you can count"and tweaked it just as often"in pursuit ofthe perfect resume.But before you add another bullet point, consider this: It(TM)s not always about what you add in"the best changes you can make may lie in what you take out.The average resume is chock-full of sorely outdated, essentially meaningless phrases that take up valuable space on the page. Eliminate them, and you(TM)ll come off as a better, more substantial candidate"and your resume won(TM)t smack of that same generic, mind-numbing quality found on everyone else(TM)s.Every word"yes, every word"on that page should be working hard to highlight your talents and skills. If it(TM)s not, it shouldn(TM)t be on there. So grab a red pen, and banish these words from your resume for good. [Read the full article] Did a big European bank come close to failing last night? European banks, especially French banks, rely heavily on funding in the wholesale money markets. Given the actions of the world’s largest central banks last night, it raises the question of whether a major bank was having difficulty funding its immediate liquidity needs.The Federal Reserve, the Bank of England, European Central Bank, the Bank of Japan, the Swiss National Bank, and the Bank of Canada in a coordinated action moved to provide liquidity to the global financial system.In a separate move, the Chinese Central Bank cut bank reserve requirements. The People(TM)s Bank of China cut reserve"requirement ratio by 0.5%, the first cut in nearly three years.The problem was not at U.S. banks as is evidenced by the following excerpt from a statement by the Federal Reserve.U.S. financial institutions currently do not face difficulty obtaining liquidity in short-term funding markets. [Read the full article] Wall Street enjoyed a big jump Wednesday morning, after a coordinated action by central banks around the world to provide more liquidity to the global financial system.The U.S. Federal Reserve, after a similar effort in September, will lower the pricing on the existing temporary U.S. dollar liquidity swap arrangements by 50 basis points so that the new rate will be the U.S. dollar overnight index swap (OIS) rate plus 50 basis points.Wednesday’s move from the Fed was matched by corresponding actions from the Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank. The new pricing applies to operations conducted as of Dec. 5, and the authorization of the swap arrangements has been extended to Feb. 13. [Read the full article] 
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