Uchitelle on JOLTS report

Louis Uchitelle's Times article reads job gains figures as reflecting not tons of hiring but risk aversion: people are not leaving jobs at normal rate. Skill illiquidity? Surely, it gives rise to ossification, and a lack of cross-fertilization.

And it correlates to lack of ideas out there. There's nothing making people want to go and do things. The big idea now is Hedge Funds and Private Equity, balance sheet crap, not new products. There are diversification and risk dispersion benefits to be had, perhaps: thus far we've rode out GE downgrades, Katrina et al., Refco, etc. But as companies go private to skirt SOX, opacity rises, and things become more insiderish than ever.

People should have ideas.
Here's a few from within the Grouse ecosystem

Mind Alliance
Memory Miner
MTV Ukraine
Rick's Picks