It is sometimes hard to keep up with all the news. Every Friday, I am going to tell you about 3 important things that happened in recent weeks. If you are more aware of the business environment, you will positioned much better to succeed, no matter what field you are in. Here are the three things I think you should have picked up this week:
1. The economy is weakening. - There is a good chance we will go into a recession this fall. Make sure you are working hard at your job. The unemployment rate is now 6.1% which is a 5 year high. Learn more here.
2. We are going to end up paying for this housing crisis. People have been living way beyond their means and this is finally going to come back to haunt us. I always find it funny that people who make very mediocre incomes are buying new BMWs and huge Flat-screen TVs. Companies have been encouraging people to buy things beyond their income level and this is going to cause problems. Over the past few couple of weeks, the government has stepped into to help two very large American companies. This is because they have had so many mortgages go bad. Learn more about how this will affect you here.
3. We are currently going through a fundamental shift in the IT world. - At EvadingMediocrity, we are huge believers in Software as a Service (SaaS). This basically means that your computer programs will run more like services (electricity, cable, etc..) than traditional software programs. This would allow you to access your data from any computer no matter where you are in the world. I will explain this in much more detail in later posts. Google confirmed that it is trying to accelerate this movement when it released Chrome this week.
