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The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
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TD Ameritrade checks pulse of today’s investors and finds a confident outlook for the new year
December 21, 2015 08:30 AM Eastern Standard Time – BusinessWire
OMAHA, Neb.–(BUSINESS WIRE)–Is now is a good time to invest in the stock market?, a sampling of more than 1,000 American retail investors shows their opinion.
TD Ameritrade Holding Corporation’s (Nasdaq: AMTD) quarterly investor sentiment survey revealed 52 percent of today’s investors are bullish on the stock market, with another 33 percent expressing neutral sentiment. The result is an investor base that has little to no complaints about heading into a new year.
“Retail investors continue to reveal themselves as savvy and informed in their approach to trading and long-term financial planning,” says JJ Kinahan, chief strategist for TD Ameritrade. “We continue to see sentiment – and behavior – that indicates retail investors are thoughtful and disciplined in their approach, and in-step with general market performance.”
While 2 in 3 investors say their confidence in the stock market has not changed over the last 2-3 years, nearly 1 in 4 (23 percent) say their appetite for risk in the market has declined, at least over the last 6 months. This might suggest a skittish investing public, but according to TD Ameritrade’s Investor Movement Index, or the IMXSM, the company’s proprietary, investor behavior-based index, it may actually be an indication of educated investing.
“The IMX in 2015 peaked in June with a score of 5.39,” Kinahan continued. “Investors demonstrated sophistication as they started taking profits and lightening risk near the market highs and put risk back into play amid the volatility during the subsequent correction in late August. They did all things common to experienced investors: taking profits at the peak, and buying again at the bottom. Their activity echoes the sentiment we’re hearing now. Investors remain engaged, but a bit more cautiously than before.”
And, when it comes to confidence in the markets, a “macro” view of the markets and economy is key, with the main drivers of investor sentiment, according to the survey, including:
* General market performance: 62 percent
* General macroeconomic issues: 48 percent
* Federal reserve policies: 47 percent
* Federal spending or deficit: 40 percent
* Personal portfolio performance: 38 percent
* 2016 Presidential election cycle: 26 percent
* Political gridlock: 24 percent
Outlook for 2016
Investors remain relatively optimistic about the U.S. economic outlook in 2016. Half (50 percent) say they are optimistic, while another 29 percent are neutral. Likewise, investors are maintaining a relatively optimistic view of their personal economies, with 42 percent saying 2016 will be a better year for them financially than 2015, and 49 percent saying it will be “about the same.” Millennials and Gen-X’ers have a particularly sunny outlook, with 11 percent saying 2016 will be “much better” for them financially, versus just 4 percent of Boomers and Mature investors, who tended to express a more neutral sentiment.
And, investors have their personal financial priorities in check, with 47 percent professing confidence in their ability to meet them in 2016. Retirement planning is, for 59 percent of investors, the main objective, followed by:
* General wealth accumulation: 38 percent
* Pay off debt: 14 percent
* Fund a life-stage or lifestyle goal: 12 percent
* Day-to-day expenses: 11 percent
* Emergency fund: 8 percent
* Education expenses: 6 percent
Investors also made a few bold predictions for the coming year. Thirty-seven percent said Technology, will be the sector most likely to outperform in 2016, followed by Health Care (30 percent). Investors were less confident, however, in the likelihood that the markets might reach new highs. Just 13 percent professed confidence that the DOW would hit 19,000 within the next 12 months.
“Made in the USA” means that “all or virtually all” the product was, indeed, made in America according to the Federal Trade Commission. The agency enforces the standard to ensure commercial compliance and confirm consumer confidence.
“When these tech jobs go unfilled, it’s a missed opportunity for low-wage workers who could transform their earnings potential with just a little bit of training. And that costs our whole economy in terms of lost wages and productivity”
Creating Pathways to Better, Well-Paying Tech Jobs and Meeting Urgent Employer Demand Across the U.S.
TechHire is a bold multi-sector initiative and call to action to empower Americans with the skills they need, through universities and community colleges but also nontraditional approaches like “coding boot camps,” and high-quality online courses that can rapidly train workers for a well-paying job, often in just a few months. Employers across the United States are in critical need of talent with these skills. Many of these roles do not require a four-year computer science degree. To give Americans the opportunity they deserve, and the skills they need to be competitive in a global economy, we are highlighting TechHire partnerships. Successful partnerships include:
Using data and innovative hiring practices to expand openness to non-traditional hiring
Expanding models for training that prepare students in months, not years
Active local leadership to connect people to jobs with hiring on ramp programs
Over twenty forward-leaning communities are committing to take action – working with each other and with national employers – to expand access to tech jobs. To kick off TechHire, 21 regions, with over 120,000 open technology jobs and more than 300 employer partners in need of this workforce, are announcing plans to work together to new ways to recruit and place applicants based on their actual skills and to create more fast track tech training opportunities. The President is challenging other communities across the country to follow their lead.
March 09, 2015
FACT SHEET: President Obama Launches New TechHire Initiative
President Obama Announces Multi-Sector Effort and Call to Action to Give Americans Pathways to Well-Paying Technology Jobs; Makes Available $100 Million in Grants
The President and his Administration are focused on promoting middle class economics to ensure that all Americans can contribute to and benefit from our American resurgence. Part of that effort requires empowering every American with the education and training they need to earn higher wages. Today’s announcement is the latest part of that effort: In his remarks to the National League of Cities, the President will announce his TechHire initiative, including a new campaign to work with communities to get more Americans rapidly trained for well-paying technology jobs.
Middle class economics has driven the President from day one, and it is what has fueled our comeback. On Friday, we learned that our economy created nearly 300,000 new jobs in February. American businesses have now added more than 200,000 jobs a month for the past 12 months, the longest streak of job creation at that pace in 37 years. All told, over the past five years, our businesses have created 12 million new jobs.
Over twenty forward-leaning communities are committing to take action – working with each other and with national employers – to expand access to tech jobs
$100 million in new Federal investments to train and connect more workers to a good job in technology and other in-demand fields
Private sector boosts tools and resources to support and expand continued innovation in technology training, with a focus on reaching under-served populations
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region. It was established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; to fears that highly industrialized Japan (a member of G8) would come to dominate economic activity in the Asia-Pacific region; and to establish new markets for agricultural products and raw materials beyond Europe (where demand had been declining). APEC works to raise living standards and education levels through sustainable economic growth and to foster a sense of community and an appreciation of shared interests among Asia-Pacific countries. APEC includes newly industrialized economies, although the agenda of free tradewas a sensitive issue for the developing NIEs at the time APEC founded, and aims to enable ASEAN economies to explore new export market opportunities for natural resources such as natural gas, as well as to seek regional economic integration (industrial integration) by means of foreign direct investment. Members account for approximately 40% of the world’s population, approximately 54% of the world’s gross domestic product and about 44% of world trade.
An annual APEC Economic Leaders’ Meeting is attended by the heads of government of all APEC members except Taiwan (which is represented by a ministerial-level official under the name Chinese Taipei as economic leader). The location of the meeting rotates annually among the member economies, and a famous tradition, followed for most (but not all) summits, involves the attending leaders dressing in a national costume of the host country.
The Association of Southeast Asian Nations (ASEAN) is a geo-political and economic organization of ten countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include accelerating economic growth, social progress, cultural development among its members, protection of regional peace and stability, and opportunities for member countries to discuss differences peacefully.
On October 7, 2015, the White House and the Department of Labor is bringing together workers, labor leaders, advocates, forward-leaning employers, Members of Congress, state and local officials and others to highlight the relationship between worker voice and a thriving middle class.
America is at its strongest when we work together to build prosperity that all of us contribute to and share. We are our best when the working men and women who are engines of economic growth are true partners in industry and innovation, with a robust voice in their workplaces.
Our economy has come a long way from the economic crisis we faced when President Obama took office. American businesses have created 13 million jobs over the past 65 months, the longest consecutive streak of job growth on record. But we have more work to do to help middle-class wages grow and adapt to the changing nature of work in the 21st century. The Summit on Worker Voice will provide a historic opportunity to bring together a diverse group of leaders – including workers, employers, unions, organizers, and other advocates and experts – to explore ways to ensure that hardworking Americans are both driving our nation’s economic resurgence and also sharing in the benefits of the growth that they are helping to create.
The White House Summit on Worker Voice will provide a historic opportunity to bring together a diverse group of leaders – including workers, employers, unions, organizers and other advocates and experts — to explore ways to ensure that middle class Americans are sharing in the benefits of the broad-based economic growth that they are helping to create. We want both seasoned and emerging leaders from across the country, who are taking action in their communities to lift up workers’ voices — to be active participants in this conversation. The day will conclude with a town hall with the President, co-hosted by Coworker.org, which will include questions and stories from workers across the country. You can add your voice to that conversation here.
Highlight the value of collective bargaining
Examine challenges facing workers trying to organize in the 21st century
Bring attention to new, innovative ways that workers are coming together to have a voice in their workplaces
Engage employers who are collaborating with their workers to create meaningful partnerships that are good for workers and businesses
Executive Order 11246, signed by President Lyndon B. Johnson (D) on September 24, 1965, established requirements for non-discriminatory practices in hiring and employment on the part of U.S. government contractors. It “prohibits federal contractors and federally assisted construction contractors and subcontractors, who do over $10,000 in Government business in one year from discriminating in employment decisions on the basis of race, color, religion, sex, or national origin.” It also requires contractors to “take affirmative action to ensure that applicants are employed, and that employees are treated during employment, without regard to their race, color, religion, sex or national origin.” The phrase affirmative action had appeared previously in Executive Order 10925 in 1961.
The order was a follow-up to Executive Order 10479 signed by President Dwight D. Eisenhower on August 13, 1953 establishing the anti-discrimination Committee on Government Contracts, which itself was based on a similar Executive Order 8802 issued by President Franklin D. Roosevelt in 1941. Eisenhower’s Executive Order has been amended and updated by at least six subsequent Executive Orders. It differed significantly from the requirements of the Civil Rights Act of 1964, which only required organizations to document their practices once there was a preliminary finding of wrongdoing. This Executive Order required the businesses it covered to maintain and furnish documentation of hiring and employment practices upon request.
The Executive Order also required contractors with 51 or more employees and contracts of $50,000 or more to implement affirmative action plans to increase the participation of minorities and women in the workplace if a workforce analysis demonstrates their under-representation, meaning that there are fewer minorities and women than would be expected given the numbers of minorities and women qualified to hold the positions available. Federal regulations require affirmative action plans to include an equal opportunity policy statement, an analysis of the current work force, identification of under-represented areas, the establishment of reasonable, flexible goals and timetables for increasing employment opportunities, specific action-oriented programs to address problem areas, support for community action programs, and the establishment of an internal audit and reporting system.
The Order assigned the responsibility for enforcing parts of the non-discrimination in contracts with private industry to the Department of Labor. Detailed regulations for compliance with the Order were not issued until 1969, when the Nixon administration made affirmative action part of its civil rights strategy.
Equality at Work Turns 50 with Milestone Anniversary of the Signing of Executive Order 11246
September 24th Event Unites Civil Rights and Federal Contractor Communities Honoring Fairness and Equality in the American Workplace
September 23, 2015 The Office of Federal Contract Compliance Programs Institute
On September 24, 1965, the Nation took a historic step forward when President Lyndon B. Johnson signed Executive Order 11246 (“EO 11246”) requiring federal contractors to ensure equal employment opportunity based on race, color, religion, or national origin. Amended by President Lyndon B. Johnson in 1967 to protect women from employment discrimination, and by President Barack H. Obama on July 21, 2014 to protect employees from discrimination based on sexual orientation and gender identity, EO 11246 continues to lead America’s success in federal contractors achieving equal employment opportunities in the American workplace.
On September 24, 2015, in commemoration of that historic civil rights milestone, The OFCCP Institute (“The Institute”), a national, Washington, D.C.-based nonprofit employer association, will host a 50th anniversary celebratory event at the Wilson Center in Washington D.C.
Receiving widespread support from the civil rights and federal contractor communities, supporters of the anniversary event include The Memorial Foundation, Builders of the Martin Luther King Jr. Memorial, the National Civil Rights Museum, Northrop Grumman Corporation, Boeing, General Dynamics, Lockheed Martin, and more.
The event is being held in recognition of the struggles of the first 50 years and to celebrate the many accomplishments achieved by federal contractors under EO 11246 and related programs to move the workplace towards greater equality.