The accelerated shift to automation may help explain a Business Roundtable survey that showed some odd results. As reported by the Wall Street Journal last week, CEOs say their plans for capital investment have risen to the highest level since the second quarter of 2011. That’s good news: Businesses see growth opportunities and want to add production capacity to meet them. But the same survey shows CEO hiring expectations going in the opposite direction. Hiring is not plummeting by any means, and many do plan to increase hiring over the next six months; but the majority say they will keep their headcount where it is or lower it. General Electric will cut 12,000 jobs from its power business, roughly 18% of that division’s total employment, in order to cut costs and reduce overcapacity.
We recently celebrated national Native American Heritage Month in November, and it offered us another opportunity to reflect upon the Johnson Scholarship Foundation’s mission to Indigenous People and its strategy to execute it. We have focused on business education since the mid-1990s, beginning with the Tribal College Entrepreneurship Scholarship, which is still our flagship program in Indian Country. The idea was that business education would lead to an increase in business activity, which would provide employment and a better standard of living on reservations. Read More
The NSC staff is mostly in shock after last week, the intelligence official said. For now, no one knows what each day will bring. There is no organizational chart yet for the NSC, meaning there has been no internal guidance yet about which portfolios still exist and to whom they report, the official said. The Washington Post reported Sunday on some of the changes being made, including that “some offices such as cyber have been expanded, while others have been collapsed.” The directorates on Europe and Russia, which were separate under Obama, have now been combined.