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From the Northeastern Section of the ACS, focusing on career management and development
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06/16/16
Watch-Outs. 96. Credit Card Use, 2016 Fortune Rankings
Filed under: Position Searching, Observ. Trends, Alternate Career Paths
Posted by: site admin @ 7:44 pm

No one tells you that when you are out of state or country, your
credit card may be rejected for a purchase.  It is helpful to have
a second card handy and available and to notify the credit card
company of foreign or out of state purchases/travel and when
there is a sizable purchase.

The world of commerce and business can be modeled and projected.
Nonetheless, models are always approximations and usually wrong.
So, when looking for positions good mentors point to looking at
the real data and emerging trends.  Two sources are this month’s
Fortune magazine and a ground breaking book by Brynjolfsson and
McAfee about the second machine age which points out so many
things about the growth and decline of career paths, companies and
the job market itself.

CREDIT CARD NOTIFICATIONS
We were traveling 3000 miles away from home.  We had stayed at
a hotel where we charged our room and I believe we had charged
a meal purchase.  Marriott Card

Then we stopped to fill the gas tank and charged the purchase.  Our
Fidelity and AAA VISA cards where rejected.   We learned that
international purchases, electronics or jewelry purchases, credit
 card balance [for those who carry a balance]. expiration date or
security code errors, expired credit card, gas or rental car charges
[especially if out of state or there is no credit delinquency in your
history],  can lead to card rejection.

Fortunately we had a Marriott Rewards Visa that was accepted.
Lesson Learned:  Call your 800 number on your card before your
trip, telling the operator where you planned to travel.

As a result, we needed to call the two card companies that rejected
the purchase to reinstate the accounts.

PROFITABILITY AND GROWTH TRENDS — INDUSTRIES,
COMPANIES
SOURCE:  Fortune, June 15, 2016 “Fortune 500 Lists” of
Companies and Industries.
This issue is a must for job seekers who wish to consider a
corporate career path.  First glimpse at Pp. 16-17 which
shows the “profitability of different industry segments” from
1995 - 2016.  The energy sector has taken a major nosedive
from top to bottom in the last 2 years.  Three sectors that
consistently led the pack are financials, technology and
healthcare.  This does not mean there are no jobs in energy
or sectors not in favor.

Brynjolfsson and McAfee have written about the second machine
age that we see upon us with sustained exponential improvements
in digital technologies and areas of commerce that use and
benefit from digitization, winners-take-all economy, and
the new ranking of fields, leaders and superstars.

P. F29 - F36 gives industry sector rankings of companies.
P. F37 - F42 gives ranking based in each US state

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