Thursday, October 11, 2012

An Open Letter to Governor Hickenlooper and the Colorado Department of Labor and Employment



The problems with the Colorado Department of Labor and Employment (CDLE) continue to get worse, not better. In the wake of several television reports about the problems at the CDLE going back to at least May 2011, we were promised that the continuing problems at the CDLE would be fixed, yet now in October 2012, not only have they not been fixed, they have gotten worse. We were promised that the CDLE was hiring new people to answer their customer service phones, and still today, it is nearly impossible to get through.

When elected, Governor Hickenlooper selected Ellen Golombek as the Executive Director of the CDLE. Shortly after her appointment, several Denver television stations revealed that Golombek had spent $140,000 to hire her personal friend, a motivational consultant, to improve morale for CLDE supervisors although no other state agency spent money for something like this. I suggest that if CDLE supervisors need motivation, fire them and let them try to get through on their own customer service lines. The Governor supported this expenditure, even while he continues to cry about the Colorado state budget problems. Governor Hickenlooper refuses to even acknowledge that there is a problem with the CDLE let alone try to get them fixed.

Two important words that the CDLE does not understand in the English language are:


  1. Insurance. The unemployment insurance branch of the CDLE is possibly the most inept agency in the entire country. Insurance means just that, insurance. In this case the insurance premiums were paid into a fund by employers so that employees would have the unemployment benefits as a safety net in the event of a job loss.  
  2. Customer service: The CDLE’s customer service phone lines are anything but customer service. The lines are actually an ongoing living hell for anyone who tries to call in. Anyone trying to call the CDLE customer service phone number can be on hold for hours only to be disconnected. Many have tried for hours and days on end without ever getting through. There is no way to get answers to any questions, and the resultant delay in making contact creates a “Catch-22” situation for the caller, since the CDLE has deadlines by which contact must be established.
CDLE Causes More Unemployment

According to the CDLE, the solution to the customer service phone problems is to go downtown to their offices and talk to someone. In order to do that, one must arrive very early in the morning and stand in line. And then they cut the line off at about 25 people.

Are the unemployed tax paying citizens of Colorado supposed to be going to job interviews or sitting on the phone all day long? Are the unemployed in Colorado supposed to be out looking for a job, or going downtown every day?

Please answer that for us, CDLE.

Colorado Department of Labor and Employment Causes Hunger and Homelessness

Many unemployed rely on their unemployment insurance benefits to survive. Yes, there is that foreign word again, Insurance. Many unemployed of Colorado rely on their unemployment insurance benefits for food, gas and the legally mandated car insurance. Many also rely on this money for their rent or mortgage payments. When you cannot get through to their customer service number, you cannot gain access to any of your benefits. Because the CDLE cannot do their job properly, people cannot pay for food, transportation or housing. Coloradans are going hungry. People are being made homeless. For these people, this is an emergency situation just as real as a tornado or forest fire and requires the same leadership and decisive sense of urgency in its resolution. Not the ho-hum attitude of the Governor.

The Colorado Department of Labor and Excuses

For the past several years, all we have heard from the CDLE is excuses.

  • We are using outdated computers.
  • We are using an operating system from the 1980’s.
  • We need to hire and train more people to answer the customer service phones.
  • With the increased unemployed in the state, we cannot keep up.
  • We don’t have the money to fix any of the above problems.
Yet they found the money to hire a motivational consultant.

Conclusion

These serious problems at the CDLE need to be fixed immediately and Governor Hickenlooper is the one person who can demand an immediate overhaul. But he seems content to ignore the problem as if it doesn’t exist. To him, the 8% (or most likely higher) of unemployed workers in Colorado are non-persons and not of sufficient priority to command his attention. We will remember come election time Governor.


Recently, a story on a Denver television station found out one reason why the telephones at CDLE are not answered. The employees at CDLE were using their time to browse other websites include porn and gambling sites. Watch the news story at KMGH ABC 7 Denver

Thursday, March 1, 2012

Beware of Penny Stock Pump and Dump Scams


Penny stocks can be profitable or they can lose you all of your investment. When investing in a penny stock company, you have to do a lot of research yourself on the company. There are many great newsletters that can point you to a good penny stock, but there are also too many bogus penny stock announcements and emails. These pump and dump schemes make certain penny stocks look like can’t lose 10,000% winners. Learn what to be aware of when investing in penny stocks.

How to Trade or Invest in the Tech Sector with ETFs


The tech sector is an interesting sector to trade or invest in with so many different industries that include computers, software, communications, semiconductors and more. ETFs make it easy to trade part or the entire tech sector. Will the next new invention come out of the scientific research of a tech sector company or will there be another Apple or Google.

Continue reading How to Trade or Invest in the Tech Sector with ETFs

How to Invest in Alternative Energy with ETFs


Oil prices are once again going higher and everyone is mad about it. The talk has turned back to alternative energy and the funding for alternative energy companies. There are numerous industries in alternative energy including wind, solar, biofuels made from algae and ethanol made from cheaper products like switch grass. You can invest in alternative energy with ETFs. You can invest in only wind or solar or the entire alternative energy sector.

Conserve Your Retirement Money with Dividend ETFs


After the debacle with the stock market in 2008 and even though it has come back, there is still a real fear of losing our retirement funds and not much of an appetite for risk anymore. Conserving what you have saved for retirement is crucial for your financial and mental health. Nothing is totally safe in the stock market and CDs and Treasuries pay next to nothing, there are some nice areas in the stock market you can feel good about investing your retirement money. No need to chase dividends when there are good solid companies that pay a reasonable dividend.

How to Do Timecard Math


Timecard math can be confusing but it sure can come in handy. Some companies have you keep your own time and then turn it in where you manager okays it. There are times when you look at your paycheck and the hours do not seem right. Knowing how to do timecard math can really be handy. Even if you just want to keep track of your hours per pay period, timecard math will help.

Continue reading How to Do Timecard Math

How to Trade the Healthcare Sector with ETFs


The healthcare sector has done well at times. There are numerous industries in the healthcare sector including medical research, pharmaceuticals, generic drugs companies, hospitals, health care plans, biotechnology and more. ETFs are a good way to incorporate the healthcare sector into your portfolio for long term investing. You can also use these ETFs for short term trading. If this sector falls on hard times, you can use inverse ETFs to effectively short the healthcare sector.