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McKinsey Global Survey Results: Economic conditions snapshot, November 2008
In a survey in the field from November 5 to November 10, executives from around the world indicate that many companies are surviving the global economic turmoil fairly well. And though executives are quite pessimistic about broad economic trends, some say their companies are finding opportunities. Respondents also spell out what they think governments should do to help.
In a survey launched the day after the US presidential election, executives from around the world indicate that they expect 2009 to open with a global recession and continuing high volatility in equity markets. They also believe that financial markets will remain more stalled than liquid. And a majority expect their country's GDP to contract next year -- most predict by 2 percent or less.
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2008 ADA Amendments Act of 2008 Effective January
President signed the ADA Amendments Act of 2008 into law in September and it will officially become effective on January 1, 2009. The act essentially broadens the scope of protection currently available to employees by broadening the definition of "disabled."
The new definition includes "major life activities" and "being regarded as having such an impairment."
The new law could affect how companies hire new employees.
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Economic Crisis Boosts E-Learning
The sagging world economy is opening opportunities for education and training such as informal learning, e-learning and blended learning. Faced with shrinking budgets, businesses find the use of learning technologies to be increasingly attractive: This was the appraisal articulated by the consultants and training professionals who responded to an impromptu survey undertaken by Online Educa Berlin.
Many enterprises definitely intend to drive down training costs, according to Sue Martin, Global Certification Portfolio Manager at SAP, but employee qualification nevertheless remains a key factor in enhancing the ability to compete. "Against this background, e-learning could see its greatest upswing in years," the SAP manager asserts. "In times of tight or zero travel budgets and increasing environmental awareness, the importance of learning technologies has to be given a second look."
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