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What’s New in the World of Work

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Blair visit to strengthen ties between Silicon Valley, U.K. (Op-ed by Tony Blair)
San Jose Mercury News, July 28, 2006
I am told that I am the first serving British prime minister to visit California. If that really is the case, it seems an astonishing oversight and one that I am glad to be putting right. The links between California and the United Kingdom are very strong. There are thousands of Brits—the famous and the not-so-famouswho have made their home here, while many of you are working in Britain. MORE

Valley adds 4,000 new jobs in June
Silicon Valley/San Jose Business Journal, July 21, 2006
Silicon Valley employers added 4,000 names to their payrolls in June, according to a report released Friday. California's Employment Development Department reported that the total number of employed in Santa Clara and San Benito counties is 882,900, an increase of a half percent over last June. MORE

Cost of living said to be driving out L.A. and San Francisco federal workers
Washington Post, July 27, 2006
A steady climb in housing and other living costs in Los Angeles and San Francisco is making it difficult for federal agencies to recruit and retain employees in those areas, according to a report prepared by federal executives in California. "We simply cannot find and keep enough good people. The foundation is crumbling," the report warns. MORE

Wasted time at work still costing companies billions
Salary.com, July 2006
Time wasted by employees at work is down from 2005, but it is still costing companies billions in 2006. According to the 2nd annual survey by AmericaOnline and Salary.com, the average worker admits to squandering 1.86 hours per 8-hour workday, not including lunch and scheduled break-time, which is down from 2.09 hours in 2005. MORE

Home prices inch up; rents rise, sales ebb; High costs -- and interest rates -- cause more people to hit 'the affordability wall'
San Francisco Chronicle, July 20, 2006
Bay Area home prices are slowing and rents are going up, an indication that the housing market has entered a post-boom era in which buying a home no longer guarantees a profit. MORE

Fed Chief: Housing market may land safely
Associated Press, July 20, 2006
Federal Reserve Chairman Ben Bernanke told Congress Thursday that the once high-flying housing market appears to be staging a safe landing. "The downturn in the housing market so far appears to be orderly," he said during a hearing before the House Financial Services Committee." MORE

Private equity fundraising on record pace
Silicon Valley/San Jose Business Journal, July 13, 2006
U.S. private-equity firms raised $96.4 billion in 147 funds so far in 2006, a 43 percent increase over last year, according to a report released Thursday. MORE

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