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Spain plans for bail-out of major bank

LOS ANGELES, CA (Catholic Online) – Rodrigo Rato, Bankia’s executive chairman and a former International Monetary Fund managing director, resigned from the bank that had been formed in 2010 out of a merger of seven Spanish savings banks following the announcement.

Spanish Prime Minister Mariano Rajoy said in a radio interview that the government would consider injecting state funds into the banking sector if needed.

“If it was necessary to reactivate credit, to save the Spanish financial system, I would not rule out injecting public funds, like all European countries have done,” Rajoy said.

The bursting of Spain’s property bubble has seen the level of bad loans as a proportion of total lending rise to the highest level in 18 years, leaving banks managing vast portfolios of repossessed and unsold real estate. The banks have also been denying credit to an economy that is suffering its second recession in three years.

According to one economy ministry source, the Spanish government can deploy the state-backed Frob bank restructuring fund to pump capital into Bankia and is considering the use of contingent convertible bonds, known as cocos.

The official would not say how much money would be needed, but Spanish press reports indicated that Bankia could receive €7 billion — €10 billion of additional capital.

Rato, a former finance minister who was placed in charge of Bankia in spite of having little experience as a commercial banker, announced that he had proposed José Ignacio Goirigolzarri, former chief executive of rival BBVA, as his successor.

Goirigolzarri was recommended after consultation with the Spanish government, one person close to Bankia said.

The IMF singled out Bankia last month as the largest risk to the stability of the Spanish banking sector. The fund recommended that Bankia and other banks take “swift and decisive measures to strengthen their balance sheets and improve management and governance practices.”

Part of the bank was listed on the Madrid stock market last year, raising €3.3 billion from private savers and Spanish institutions, a move criticized by many analysts and investors for failing to recapitalize Bankia sufficiently.

Two of Bankia’s constituent cajas, Caja Madrid and the Valencian Bancaja, have historically had strong ties to the ruling center right Popular party of Rajoy.

Bankia shares, which slid 3 per cent on the news to €2.38, have fallen 36.5 per cent since their listing last summer.

© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.

Published by: Catholic Online (www.catholic.org)


Creating a Career-Shifting R ésum é

Many workers who lost jobs in the hardest-hit sectors of the economy are now looking to change careers. But crafting a résumé that shows the benefits of hiring an industry outsider can be challenging.

In this installment of The Résumé Doctor, three recruiting experts critique a résumé from a job hunter eying a move into facilities management from commercial construction.

Cameron Wittig for The Wall Street Journal

Mark Peterson served as project manager for a new football stadium at the University of Minnesota before his layoff last July.

• The Job Seeker: Mark Peterson, 47, of Woodbury, Minn., was laid off in July from a senior project manager/sales position at a small commercial-construction company where he had worked for 19 years. Though he was hired in November as a senior project manager for a rival firm, the contract job is commission-based and doesn’t include medical or other benefits. He says the position is unlikely to yield a salary anywhere close to his prior annual income of around $125,000.

• The Objective: Mr. Peterson is seeking a mid- to senior-level executive position in facilities management. Mr. Peterson would like to stay in the Minneapolis metro area and is seeking a minimum annual salary of $85,000, significantly lower than his previous salary but on par with what he expects in the current economy. If the economy were to improve, he says he would be looking for $100,000 to $125,000.

“Any company that has a large campus or multiple buildings to manage could work well for me,” he says.

• The Experts: Offering feedback on Mr. Peterson’s résumé are Ken Rose, a senior client partner in Chicago for executive-search firm Korn/Ferry International Inc.; Nanci D’Alessandro, a vice president and national account executive in New York for commercial real-estate firm Grubb & Ellis

; and Julia Hicks, director of human resources at Wesleyan University in Middletown, Conn. Universities are one of his target employers because of their many buildings to manage.

The Doctor Is in

• The Résumé: Mr. Peterson has kept his fairly standard résumé to one page. He leads with his contact information, followed by a summary statement and 11 areas of expertise. The résumé goes on to describe his career in reverse chronological order with bullet points and concludes with details of his education and training.

• The Positives: Our experts were impressed with some of the accomplishments cited in Mr. Peterson’s résumé. They also gave it kudos for being clutter-free despite its short length.

• The Advice: Much of the information that hiring managers want to see—such as the size and scope of projects he worked on and certifications he holds—is there, our experts agree. What Mr. Peterson needs to do is revamp the layout so it is more pleasing to the eye and easier to quickly scan, they say.

Right now, the résumé is formatted with a significant amount of white space in some areas and in other places, text is bunched together. Most of all, he needs to direct his résumé away from construction and more toward facilities management by highlighting his transferable skills when describing his former positions.

“Quite frankly, I would have overlooked this résumé, and it would not have made my list,” says Ms. D’Alessandro. “The résumé is still very much geared to construction.”

For starters, our experts recommend Mr. Peterson get rid of the “Management Professional” title at the very top. “There’s really no point to giving yourself a title or categorizing yourself,” says Mr. Rose. “Your professional experience and training should stand on its own.”

Likewise, our experts agree Mr. Peterson should revamp his summary statement. As it is, it is unclear and it doesn’t even mention facilities management, they say. “It needs to be more focused on what he is trying to achieve and it should show his strengths,” says Ms. D’Alessandro.

For Ms. Hicks, the summary statement “needs to be more specific about what he can offer and not what he is seeking from an employer.”

Mr. Rose usually counsels his clients against including a summary statement. But he says he would make an exception for someone looking to change careers. “Otherwise, the person looking at his résumé is going to ask, ‘Why is this drywall guy sending this to me?’ ” he says.

The next section of Mr. Peterson’s résumé features a list describing his areas of expertise. Ms. D’Alessandro and Ms. Hicks said they both like it, but they said it should be shortened to six bullets from the current 11. They suggest formatting the section into two or three columns rather than one to make it more visually appealing. “When the list gets too long, the reader loses focus on the most important skills he is trying to convey,” says Ms. Hicks.

By contrast, Mr. Rose considers the list “a waste of valuable real estate” and suggests deleting it. He says he prefers résumés that highlight strengths with tangible accomplishments in the work-history section. “There really is no value-add in a list like that,” he says. “Hiring authorities don’t really trust your assessment of yourself.”

While there are mixed feelings among the experts about including a list of skills, all agree that when used, it needs to be concise and contain only those skills that can help a candidate stand out from the competition.

For the section that lists past employers, our experts want to know more about Mulcahy Inc., where Mr. Peterson spent 19 years. This is especially important for job seekers who have experience at a small or midsize firm that might not be known outside of its particular state or region. “What kind of company is it?” says Mr. Rose. “It could be a multinational, or it could be Mr. Mulcahy, his son and Mark.”

Our experts also want to see more details about what Mr. Peterson did at Mulcahy. “Did he hold the same position for all 19 years, or was there career progression while he was there?” asks Ms. Hicks.

“If there were multiple positions, you would want to show that,” says Ms. D’Alessandro.

She suggests adding subsections under a particular company. Even if Mr. Peterson held only one or two positions at Mulcahy, he should still break up his time there in order to show the breadth of his job as well as career progression, she adds.

The Doctor Is In

If you’d like your résumé reviewed for The Resume Doctor: Send your document along with a short description about your job search and the type of job you are seeking to cjeditor@dowjones.com. Please use Résumé Doctor in the subject line.

Our experts also didn’t like how Mr. Peterson’s résumé displays his past accomplishments. He lists seven, single-spaced bullet points, each packed with responsibilities and accomplishments, for the time he spent at Mulcahy. “They need to be spread out more with additional bullet points, so they are not just a mass of verbiage,” says Mr. Rose.

Further, Ms. Hicks says that Mr. Peterson could have done a better job of explaining his major career accomplishments.

For example, rather than listing the companies he had contracts with by name, she says she would have liked to see the different industries they’re in, because this would show his breadth of experience.

Perhaps most important, our experts say he is missing out on an opportunity to highlight experience that would prove highly relevant to a job in facilities management. In two of his early positions, he mentions the field in bullet points that describe his responsibilities but doesn’t elaborate.

“A lot of people make the mistake that if it happened 20 years ago, no one cares about it,” says Mr. Rose. “But you accomplished things back then that show career advancement.”

Including early stints can be especially important for prospective career changers, he adds. Mr. Peterson “should leverage some of that experience so he won’t come across as a complete newcomer,” says Mr. Rose.

In the education and training section, our experts were critical of Mr. Peterson for citing uncommon acronyms for all but one of the certifications he listed. Instead, they would have preferred to see these spelled out. Ms. Hicks also suggests Mr. Peterson show when he obtained the certifications, especially if he got any in recent years. Including dates would also show that he’s “up-to-date on what’s going on in the industry,” adds Ms. D’Alessandro.

Further, our experts noted that Mr. Peterson should have gone into detail about what may be the most valuable credential he has for a job in facilities management—Leadership in Energy and Environmental Design (LEED) certification. Having a LEED Accredited Professional (LEED AP) designation demonstrates significant knowledge in green building practices and would transfer well to facilities management. It could also mean the difference between Mr. Peterson’s résumé going to the top and bottom of the pile, says Ms. D’Alessandro.

Finally, our experts said that to fit the extra information, Mr. Peterson may need to expand his résumé to two pages from one, and that doing so would be acceptable for such a senior-level job hunter.

“With 25 years of experience, you cannot articulate the depth of your experience in a one-page résumé,” says Ms. D’Alessandro.

Write to Elizabeth Garone at cjeditor@dowjones.com

© 2011 Wall Street Journal (www.wsj.com)


EPA Releases Innovative Mapping Tool to Improve Environmental Reviews and Planning / NEPAssist part of CEQ initiative to increase efficiency and effectiveness of environmental reviews

Release Date: 04/24/2012Contact Information: Stacy Kika (For Media Inquiries Only), kika.stacy@epa.gov, 202-564-0906, 202-564-4355

WASHINGTON – The U.S. Environmental Protection Agency (EPA) announced the public release of a web-based mapping tool developed for Federal agencies to facilitate more efficient and effective environmental reviews and project planning. The tool, NEPAssist, is part of an initiative developed by the White House Council on Environmental Quality (CEQ) to modernize and reinvigorate federal agency implementation of the National Environmental Policy Act (NEPA) through innovation, public participation and transparency. NEPAssist draws information from publicly available federal, state, and local datasets, allowing NEPA practitioners, stakeholders and the public to view information about environmental conditions within the area of a proposed project quickly and easily at early stages of project development.

“NEPA helps ensure that Federal agencies protect the health of our communities and the natural resources that support our economy,” said Nancy Sutley, Chair of the Council on Environmental Quality. “Making this tool available to the public will help make information more accessible, a key part of our effort to increase transparency for projects that impact American communities.”

“NEPAssist helps users identify the possible impacts of federal projects on local environments and communities,” said Cynthia Giles, assistant administrator for EPA’s Office of Enforcement and Compliance Assurance. “By making tools like NEPAssist available to the public, EPA is helping citizens to be involved in environmental decisions that affect their community.”

NEPA requires all federal agencies to incorporate environmental considerations in their planning and decision-making through a systematic interdisciplinary process. NEPAssist is designed to help promote collaboration and early involvement in the NEPA process by raising important environmental issues at the earliest stages of project development. The mapping tool can be used by Federal agencies to identify alternative project locations, to avoid and minimize impacts, as well as identify potential mitigation areas.

In October 2011, NEPAssist was selected as a White House Council on Environmental Quality National Environmental Policy Act Pilot Project to improve the efficiency of Federal environmental reviews. CEQ has selected five NEPA Pilot Projects that will employ innovative approaches to completing environmental reviews that can be replicated across the Federal Government. For more information on the NEPA Pilots Program, please visit http://www.whitehouse.gov/administration/eop/ceq/initiatives/nepa/nepa-pilot-project.

On Thursday, April 26, 2012, EPA will host a webinar to demonstrate how to use NEPAssist.

More information on the webinar is below:

WHAT: A webinar to demonstrate how to use NEPAssist.

WHO: Members of the media, non-profit organizations, industry, business, and citizens interested in learning how to use the tool are encouraged to participate.

WHEN: Thursday, April 26, 2012, 4 p.m., Eastern Time

HOW: To register for the Webinar: https://www1.gotomeeting.com/register/177729873

To participate in the audio features, please use the following options:
(1) Dial the toll-free dial-in number: 1(909) 259-0012
(2) At the recorded prompt, enter the Access Code (411-628-234) and the “#” sign.
(3) At the recorded prompt, enter the Audio PIN (Shown after joining the Webinar), followed by the “#” sign.
(4) To disconnect, hang up the telephone.

*** YOU MUST REGISTER IN ADVANCE TO ACCESS THE WEBINAR***

NEPAssist: http://www.epa.gov/compliance/nepa/nepassist-mapping.html

More information on NEPA: http://www.epa.gov/compliance/nepa/index.html

More information on CEQ NEPA Pilot Projects: http://www.whitehouse.gov/administration/eop/ceq/initiatives/nepa/nepa-pilot-project

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)


Did agents hire hookers before?

For more information on this story, check out CNN affiliate KIRO

The new claims include an account stemming from El Salvador described by CNN affiliate Seattle TV station KIRO as very similar to the Colombia prostitution scandal purportedly involving members of the Secret Service and other government agencies.

The U.S. government official acknowledged there had been missteps among Secret Service members, while adding that such problems are to be expected given the agency’s 147-year history.

Amid calls by some Republicans for a broader congressional-led investigation, the official was also quick to defend the government’s internal review process and the role of the Secret Service’s Office of Professional Responsibility in dealing with that agency.

“We have had employees that have engaged in misconduct,” the official said. “People make mistakes.”

Reports of other incidents involving members of the agency, which is charged with protecting the president and other top officials, as well as investigating criminal activity, have been brought to Congress, a congressional source said Thursday.

That includes the incident in El Salvador, which the congressional source said the Secret Service has told Congress it is looking into as well.

The KIRO report cited an unnamed U.S. government contractor who worked extensively with the Secret Service advance team in San Salvador before President Barack Obama’s trip there in March 2011.

The source said he was with about a dozen Secret Service agents and a few U.S. military specialists at a strip club in the city a few days before Obama arrived.

Cartagena investigation not over, Secret Service says

The men drank heavily at the club, and most of them paid extra for access to a VIP section where they were provided sexual favors in return for cash, the source told the station.

The station reported that the strip club’s owner corroborated the allegations. The owner confirmed that a large number of agents, and some military escorts, “descended on his club” that week and were there at least three nights in a row, KIRO reported.

The owner said his club routinely takes care of high-ranking employees of the U.S. Embassy in San Salvador as well as visiting agents from the FBI and U.S. Drug Enforcement Administration, KIRO said. The owner said his reputation for “security” and “privacy” makes his strip club popular with “those who want to be discreet.”

The government contractor source said he told the agents it was a “really bad idea” to take the strippers back to their hotel rooms, but several agents bragged that they “did this all the time” and “not to worry about it,” KIRO reported.

KIRO investigative reporter Chris Halsne told the CBS show “This Morning” on Thursday that he considers his source very credible, and he later told CNN that he had checked billing records, receipts, credentials and other information to confirm the contractor was with the Secret Service in Central America at the time of the incident.

The source told him about the alleged scandal last year, while Halsne was in El Salvador on a different story. Halsne said he pressed for details at that time, but the man didn’t want any information from him to be used then in a news story. After the allegations involving Secret Service agents in Colombia surfaced, Halsne again pressed his source, who this time assented to the use of his account in the KIRO report.

CNN cannot independently confirm the allegations.

Responding to the KIRO report, Secret Service spokesman Edwin Donovan said, “The recent investigation in Cartagena (Colombia) has generated several news stories that contain allegations by mostly unnamed sources. Any information brought to our attention that can be assessed as credible will be followed up on in an appropriate manner.”

Defense Secretary Leon Panetta said Thursday that his department is not investigating any of its troops about the reported incident in El Salvador. But the State Department is questioning its El Salvador embassy staff about the allegations, spokeswoman Victoria Nuland said Thursday.

The Drug Enforcement Administration also is prepared to look into, “in an appropriate manner and immediately,” allegations that it deems “credible” regarding its agents in El Salvador, agency spokesman Rusty Payne said. But he added that, while the DEA has seen news reports, “We are unaware of any allegations of misconduct.”

Sen. Chuck Grassley — the top Republican in his chamber’s Judiciary Committee, which was briefed Wednesday by Homeland Security Secretary Janet Napolitano on the Colombia scandal — said the KIRO report “only reaffirms the need for independent investigations by the (Homeland Security Department’s independent) inspector general.”

“There are rumors flying about various incidents over several years about the conduct of Secret Service personnel, as well as other law enforcement and military personnel in locations around the world,” the Iowa Republican said. “The only way to put to rest the rumors of a much wider problem is for the allegations to receive transparent and independent reviews.”

Another Republican on that committee, Sen. John Cornyn of Texas, called for Congress itself to investigate “as part of our oversight responsibilities.”

But Sen. Chuck Schumer, a New York Democrat and Judiciary Committee member, disagreed and said Napolitano’s investigation needs to come first.

“After that, Congress should look into it and see what went wrong and what could be changed,” he said.

The Washington Post reported Thursday that an unnamed source said such behavior is part of the culture at the Secret Service and not a one-time occurrence.

Napolitano: Obama has full confidence in director

The Secret Service said it has no comment on the Post story, but a Secret Service official, who was not authorized to comment on the continuing investigation, said, “It’s difficult for the Secret Service to defend against this,” referring to the Post’s article.

“The reaction by our leadership speaks for itself,” the official told CNN, referring to the Colombia incident. “Everyone was sent home. There’s an investigation. We have taken action regarding the agents.”

Spokesman Jay Carney said Thursday that the White House would not comment on unconfirmed reports about other incidents, saying questions should be directed to the Secret Service.

The alleged prostitution scandal in Colombia occurred before the president’s trip this month to a pan-American summit in Cartagena. Secret Service and U.S. military members are said to have consorted with prostitutes.

Nine Secret Service members have resigned or are being forced out as a result of the scandal.

The military has launched its own investigation into 12 troops who were in Colombia in advance of Obama’s visit. The U.S. Southern Command said Thursday that the latest soldier included in this inquiry had “duty at the White House Communications Agency,” which is part of the military.

Fresh off a meeting with Secret Service Director Mark Sullivan, Rep. Sheila Jackson Lee told CNN’s “OutFront” on Thursday that she’s learned the agency — besides setting up working groups focused on its culture and outreach efforts, including to women — will institute several measures in light of the uproar.

These include having a “professional development or personnel officer (go) on every trip the agents take out of the country,” barring agents from being “associated with any place of bad acts” such as strip clubs and mandating that “no foreign nationals will be allowed in” an agent’s hotel room.

“If this is the culture, then they want to immediately put it to rest,” the Texas Democrat said, explaining the Secret Service’s rationale.

CNN’s Brian Todd, Dan Lothian, Carol Cratty, Tom Cohen and Alan Silverleib contributed to this report.



Best Bet For a Post-Graduation Job: Engineering

New college graduates may be entering the worst job market in decades, but there are still some majors that pay off—and all of them are in the applied sciences.

A new report from the National Association of Colleges and Employers finds that eight of the top 10 best-paid majors are in engineering, with petroleum engineering topping off the list at $86,220.See Table.

“Petroleum engineering has been at the top for the last three years,” said Edwin Koc, director of strategic and foundation research at NACE. “The oil industry for the last couple of years has been a bit more active and a bit better off than some of the other sectors. Texas had a better employment picture than other locations, and a lot of the [petroleum engineering job] offers came out of Texas schools.”

Computer science was the fourth most lucrative degree, with graduates starting at $61,205 on average. The average salary for computer science majors has increased by at least 5% each year since 2007, said Mr. Koc.

The other non-engineering major in the top ten is information sciences and systems, with an average starting salary of $54,038. According to the federal Bureau of Labor Statistics, this field will add 155,800 jobs between 2008 and 2018, an increase of 53.4%, the second fastest growing career in the data the BLS offers and well above the average job growth for all professions of 10.1%

The BLS projects biomedical engineering jobs to increase by an astounding 72%–the top-growing field–from 16,000 in 2008 to 27,600 in 2018. The NACE survey did not record enough offers for jobs in this field to include it in the top ten, but Mr. Koc said that the major commands a salary comparable to chemical engineering, $65,142.

Not only do engineering majors earn the most, but the field is expected to grow at a fast clip over the next eight years with 178,300 jobs added by 2018. The BLS report expects growth in civil engineering to be particularly large “as a greater emphasis is placed on improving the nation’s infrastructure.”

Still, even specialized, in-demand graduates like engineering majors are finding it difficult to find employment in this economy. NACE found that only 42% of engineering majors found jobs in 2009, versus 70% in 2007.

This is the first of four quarterly reports that NACE will release on the class of 2010, but so far things are not looking good for liberal arts majors, whose average starting salary has decreased 11% since last year, down from $36,445 to $32,555.

Recent college graduates have been hit hard in the current recession. Their annual unemployment rate in 2009 was 9.1%, the highest it has been since 1982.

NACE’s salary figures are based on 1,558 job offers received by college seniors at about 180 colleges and universities nationwide. Both December 2009 graduates and May 2010 graduates are included. This is the first of four quarterly reports that NACE will release on the class of 2010. A major had to have at least 20 job offers to be included in the top ten.

© 2011 Wall Street Journal (www.wsj.com)


Back to an Office After Working from Home

I’m frequently asked how to make the transition from working in an organization to striking out on one’s own. But here’s a question that’s rarely discussed: What if you’re an entrepreneur or solo practitioner and must decide whether to return to the business world? Can you — and should you — go from your living room back to the boardroom?

Jessica Smith, 33 years old, of Sacramento, Calif., left her career at a major consulting firm to stay home with her young son. She developed a robust online marketing and business-development practice that allowed her to witness her son’s milestones, but eventually found herself wishing she could work in an office again.

Building on the success of her blog, jessicaknows.com, Ms. Smith secured a vice president position at international communications firm Fleishman-Hillard, and her husband became the at-home parent.

A Better Fit

Once you’ve gone through the trouble of starting a business, you may feel like it’s a step back to work for someone else again. But depending on your lifestyle and personal preferences, employment at a company may simply be a better fit at this point in time. So before you dismiss the idea entirely, you should consider the benefits that office work provides.

First, adhering to deadlines without giving in to distractions like TiVo or the cheesecake in the fridge requires focus and willpower. If this isn’t your strong suit, you might be more productive with a regimented company schedule. Set office hours might also make it easier to sustain a fulfilling family life.

“Having a clear boundary between my office and my home means that family time is quality time,” says Ms. Smith.

Although I now work from home full time, I definitely miss aspects of my corporate job. I enjoy getting dressed up and commuting to work because it puts me in a frame of mind to conduct business.

I also like the paycheck that reliably arrived twice a month. And Twitter and Webinars can’t replace the camaraderie that develops in an office environment.

“Being part of a larger organization offers the ability to work with team members and see our ideas come to fruition together,” Ms. Smith concurs.

Talk About It

A move from the living room to the boardroom is one that should be thoughtfully discussed with those it affects the most — namely your partner and close family members.

And don’t make a decision rashly. Just because your business isn’t going well in the recession doesn’t mean you made a mistake in launching it. Try to envision its trajectory over the long term to see if it’s a venture you feel comfortable giving up.

Your move to an established organization should make sense in the context of the brand you’ve invested the time and energy to create.

“Don’t take the first role that presents itself,” advises Ms. Smith. “You need to be sure that your mission and values line up with those of the company you plan to work for.”

Finally, build in an adequate transition period so that provisions are made for existing customers and you aren’t leaving anyone high and dry.

Write to Alexandra Levit at reinvent@wsj.com

© 2011 Wall Street Journal (www.wsj.com)


What They Don’t Tell You at Graduation

[commencement]

Getty Images

Look to your left and then to your right. Is that pretty girl Phi Beta Kappa? Marry her.

Class of 2012,

I became sick of commencement speeches at about your age. My first job out of college was writing speeches for the governor of Maine. Every spring, I would offer extraordinary tidbits of wisdom to 22-year-olds—which was quite a feat given that I was 23 at the time. In the decades since, I’ve spent most of my career teaching economics and public policy. In particular, I’ve studied happiness and well-being, about which we now know a great deal. And I’ve found that the saccharine and over-optimistic words of the typical commencement address hold few of the lessons young people really need to hear about what lies ahead. Here, then, is what I wish someone had told the Class of 1988:

1. Your time in fraternity basements was well spent.

The same goes for the time you spent playing intramural sports, working on the school newspaper or just hanging with friends. Research tells us that one of the most important causal factors associated with happiness and well-being is your meaningful connections with other human beings. Look around today. Certainly one benchmark of your postgraduation success should be how many of these people are still your close friends in 10 or 20 years.

Charles Wheelan checks in on Mean Street with some advice for the Class of 2012: pay very close attention, because there are key things you need to know that you won’t learn by simply donning a cap and gown. Photo: AP.

2. Some of your worst days lie ahead. Graduation is a happy day. But my job is to tell you that if you are going to do anything worthwhile, you will face periods of grinding self-doubt and failure. Be prepared to work through them. I’ll spare you my personal details, other than to say that one year after college graduation I had no job, less than $500 in assets, and I was living with an elderly retired couple. The only difference between when I graduated and today is that now no one can afford to retire.

3. Don’t make the world worse. I know that I’m supposed to tell you to aspire to great things. But I’m going to lower the bar here: Just don’t use your prodigious talents to mess things up. Too many smart people are doing that already. And if you really want to cause social mayhem, it helps to have an Ivy League degree. You are smart and motivated and creative. Everyone will tell you that you can change the world. They are right, but remember that “changing the world” also can include things like skirting financial regulations and selling unhealthy foods to increasingly obese children. I am not asking you to cure cancer. I am just asking you not to spread it.

4. Marry someone smarter than you are. When I was getting a Ph.D., my wife Leah had a steady income. When she wanted to start a software company, I had a job with health benefits. (To clarify, having a “spouse with benefits” is different from having a “friend with benefits.”) You will do better in life if you have a second economic oar in the water. I also want to alert you to the fact that commencement is like shooting smart fish in a barrel. The Phi Beta Kappa members will have pink-and-blue ribbons on their gowns. The summa cum laude graduates have their names printed in the program. Seize the opportunity!

Related Video

Successful people are often asked to deliver a university or college’s graduation speech, Here are some words of wisdom offered in commencement speeches over the last few years from President Obama, Conan O’Brien, Hillary Clinton, Stephen Colbert and Jimmy Carter.

5. Help stop the Little League arms race. Kids’ sports are becoming ridiculously structured and competitive. What happened to playing baseball because it’s fun? We are systematically creating races out of things that ought to be a journey. We know that success isn’t about simply running faster than everyone else in some predetermined direction. Yet the message we are sending from birth is that if you don’t make the traveling soccer team or get into the “right” school, then you will somehow finish life with fewer points than everyone else. That’s not right. You’ll never read the following obituary: “Bob Smith died yesterday at the age of 74. He finished life in 186th place.”

6. Read obituaries. They are just like biographies, only shorter. They remind us that interesting, successful people rarely lead orderly, linear lives.

7. Your parents don’t want what is best for you. They want what is good for you, which isn’t always the same thing. There is a natural instinct to protect our children from risk and discomfort, and therefore to urge safe choices. Theodore Roosevelt—soldier, explorer, president—once remarked, “It is hard to fail, but it is worse never to have tried to succeed.” Great quote, but I am willing to bet that Teddy’s mother wanted him to be a doctor or a lawyer.

8. Don’t model your life after a circus animal. Performing animals do tricks because their trainers throw them peanuts or small fish for doing so. You should aspire to do better. You will be a friend, a parent, a coach, an employee—and so on. But only in your job will you be explicitly evaluated and rewarded for your performance. Don’t let your life decisions be distorted by the fact that your boss is the only one tossing you peanuts. If you leave a work task undone in order to meet a friend for dinner, then you are “shirking” your work. But it’s also true that if you cancel dinner to finish your work, then you are shirking your friendship. That’s just not how we usually think of it.

9. It’s all borrowed time. You shouldn’t take anything for granted, not even tomorrow. I offer you the “hit by a bus” rule. Would I regret spending my life this way if I were to get hit by a bus next week or next year? And the important corollary: Does this path lead to a life I will be happy with and proud of in 10 or 20 years if I don’t get hit by a bus.

10. Don’t try to be great. Being great involves luck and other circumstances beyond your control. The less you think about being great, the more likely it is to happen. And if it doesn’t, there is absolutely nothing wrong with being solid.

Good luck and congratulations.

— Adapted from “10½ Things No Commencement Speaker Has Ever Said,” by Charles Wheelan. To be published May 7 by W.W. Norton & Co.

A version of this article appeared April 28, 2012, on page C3 in some U.S. editions of The Wall Street Journal, with the headline: 10 Things Your Commencement Speaker Won’t Tell You.

© 2011 Wall Street Journal (www.wsj.com)


Iraqi aims to write world’s longest copy of Koran

Published by: WorldWide Religious News (wwrn.org)


EPA Cites Realty Company for Violating Federal Law on Notice of Lead-based Paint Hazards in Reading, Pa.

Release Date: 03/26/2012Contact Information: Donna Heron 215-814-5113/heron.donna@epa.gov

PHILADELPHIA (March 26, 2012) — The U.S. Environmental Protection Agency has cited Crespo Realty, Inc. , of Flushing, N.Y., for allegedly violating a federal law requiring the company to disclose information on lead-based paint hazards to tenants renting four Reading, Pa. properties.

The Disclosure Rule under the Residential Lead-Based Paint Hazard Reduction Act requires sellers and landlords of residential housing built before 1978 (when lead-based paint was banned under federal law) to disclose to purchasers and tenants the presence of known lead-based paint hazards (or lack of knowledge of hazards). Landlords must provide a lead hazard information pamphlet; provide a standard warning statement in the lease on the dangers of lead-based paint; and include disclosure and acknowledgment language in leases.

According to EPA’s complaint, Crespo Realty, Inc. did not provide the required lead hazard information and lead hazard disclosures in five leases in four residential properties in Reading. EPA will propose a penalty for these alleged violations after giving the company an opportunity to respond to the complaint. However, the complaint notes that the statutory maximum penalty for violations of the Disclosure Rule is $11,000 per violation. Crespo has the right to a hearing to contest the alleged violations.

EPA is cooperating with other federal, state, and local agencies to protect tenants and homeowners from the health risks of lead-based paint. High blood levels of lead can cause permanent damage to the nervous system and widespread health problems, such as a reduced intelligence and attention span, hearing loss, stunted growth, reading and learning problems and behavioral difficulties. Young children, in particular, are most vulnerable because their nervous systems are still developing.

For more information on environmental, health, and legal issues involving lead, please visit http://www.epa.gov/lead/index.html.

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EPA Officials to Host Brownfields Job Training Roundtable on Monday, March 19, at Saint Louis University’s Salus Center

Release Date: 03/19/2012Contact Information: Belinda Young, (913) 551-7463, young.belinda@epa.gov

Environmental News

FOR IMMEDIATE RELEASE

(Kansas City, Kan., March 19, 2012) – EPA’s Assistant Administrator for the Office of Solid Waste and Emergency Response, Mathy Stanislaus, and EPA Region 7 Administrator Karl Brooks will host an environmental roundtable at 3 p.m. today at Saint Louis University’s Salus Center.

The roundtable will recognize the success of a local EPA Brownfields Job Training program, whose graduates and stakeholders will participate in a discussion about the program’s achievements and job placement efforts.

St. Louis Community College partnered with SLU to target residents of brownfields-impacted communities in the St. Louis metropolitan area for an intensive environmental worker training program, designed to provide participants with employment-driven skills. Recruitment for the training program was focused on residents of economically depressed communities, particularly those living in the St. Louis Empowerment Zone, Wellston, Mo.; and East St. Louis, Ill.

Funded by the American Recovery and Reinvestment Act of 2009, the program has an 78.8 percent graduate placement rate. Ninety students have completed the program, and 12 more will graduate on Friday, March 23. Two new training programs will start soon, with more than 50 requests for enrollment already received for each session.

WHO: Mathy Stanislaus, EPA Assistant Administrator for the Office of Solid Waste and Emergency Response; EPA Region 7 Administrator Karl Brooks; and graduates and stakeholders of the job training program

WHAT: Brownfields Job Training Roundtable

WHEN: 3 p.m. TODAY, Monday, March 19, 2012

WHERE: Saint Louis University, Salus Center, 3545 Lafayette Ave., St. Louis, Mo. 63104
# # #

The deadline for FY 2012 Environmental Workforce and Job Training Grants is April 12, 2012. Learn more

Connect with EPA Region 7 on Facebook: www.facebook.com/eparegion7

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)