One of my “absolute must” tips for young professionals is to read a national newspaper every day. It’s essential to be knowledgeable about current events that might affect your career prospects, especially if the news is relevant to your particular industry.
For anyone working or job hunting today, the state of the U.S. economy is one of — if not the #1 — issue to know about. Luckily, today’s New York Times features a great article summarizing the current financial crisis in understandable language. The article, “Can’t Grasp the Credit Crisis? Join the Club,” by David Leonhardt, answers this complicated question:
So how is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets, sent stock markets gyrating, caused the collapse of Bear Stearns, left the economy on the brink of the worst recession in a generation and forced the Federal Reserve to take its boldest action since the Depression?
As one of my favorite newscasters, Pat Kiernan of NY1, said this morning during my favorite segment, “In the Papers,” if you only read one story on the financial crisis, read this one.
