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NetWire arrowsNovember 4, 2010
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New U.S. claims for unemployment benefits rose more than expected last week while unit labor costs fell in the third quarter, underlining the persistent weakness in the jobs market.
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Two million people will run out of unemployment benefits next month if Congress fails to act in the coming weeks.
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If you don't like the results of an election, just wait until the next one. Republicans, who had been left despondent by their losses in 2006 and 2008, savored a triumph on Tuesday. And there's nothing resembling a guarantee that the pendulum will swing back in time to favor Democrats in 2012.
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American broadband capacity might not be able to keep up with everyone who wants to stream movies.
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Walmart Stores, Inc.
Career
It is a tough finance market right now – but not just for recent M.B.A. grads. Even the people with the "several years of experience" you mention are finding that the competition for investment banking and private-equity positions is fierce.
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Anger. Then fear. Self-doubt crept up insidiously and turned to desperation. Finally, happiness. Those were the feelings I went through after I lost my job during the dot-com blowup.
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State Farm Insurance
International
Concerns are growing in Southeast Asia about the potential impact of the Democrat Party's stinging losses in the U.S. mid-term elections. The main fear is that realignment in Congress could lead to a fresh round of domestic political battles that might distract the Obama administration from following through on its efforts to position the U.S. as a counterweight to China's growing influence in this part of the world.
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Europe's tough-love austerity is for real. Debt-plagued governments will stick with it, despite widespread strikes and protests in France, a budget standoff in Portugal and earlier demonstrations in Greece and elsewhere.
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Genetech, Inc.
Education
UT-Dallas' Monica Powell explains why today's part-time MBA students want more from their degrees – and the career-management office – and what this means for academic programs
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The decision by a Chinese business school to set up in Africa highlights Western schools' reluctance to engage with the continent.
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Verizon Wireless
NBMBAA
NBMBAA's 3rd Annual Mideast Regional Conference, "Change, Challenge, and Opportunity: Investing for the Next Decade," takes place November 11-13 in Cincinnati, Ohio. The conference will feature leadership development and entrepreneurial workshops, a Diversity & Education Career Fair, networking opportunities and more.
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Vanguard
Technology
Amazon is building its own App Store, but for what device? We think we have a good idea – a secret Android Tablet.
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Buried in the various announcements Facebook made on Wednesday about updates to its mobile efforts was this: Facebook is looking to corner the market on location-based user data.
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Entrepreneurship
The departure of an employee to pursue an opportunity with a direct competitor is not uncommon, but employers can take steps to minimize the risk of harm.
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The social media wave is creating the next generation of workforce leadership. This evolution is well represented by the best employers, the standard setters in adopting new technologies to leverage and strengthen their workforces.
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The Economy
Despite concerns about unseasonably warm weather and economic pressures, many retailers’ October sales beat analysts’ lowered expectations, offering hope that consumer spending may remain resilient heading into the key holiday selling period.
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With economic activity in the U.S. flatlining and the creditworthiness of European nations still at issue, you'd expect that the annual meeting of the International Monetary Fund would focus on joint policies to address these concerns. But no. Instead, at the insistence of the U.S., the meeting focused on China and its currency.
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More folks than ever before have been out of a job for a year or more. The prognosis for them isn't good. And that spells bad news for the economy.
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Personal Finance
In a bid to stimulate the economy, the Federal Reserve now says it is going to buy up to $900 billion more of Treasury bonds. To do so, it will print $600 billion of new money.
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Corporate America
Wall Street traders, who typically receive the fattest year-end bonuses among bank employees, are poised to suffer the biggest pay cuts as revenue at their divisions dropped an average of 12 percent so far this year.
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If the head of the U.S. Chamber of Commerce has his way, the President's change agenda is finished.
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Government
Spencer Bachus will likely be the new Barney Frank. While Republicans won't be able accomplish much in this term, Wall Street will be relieved to finally be left alone.
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When stumping on the campaign trail, the nation's new slate of governors could afford to make sweeping but vague promises about how they'd solve their states' massive looming budget deficits.
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Leadership
Bosses who think they're the next Jack Welch might want to reassess their talent level. A new survey of 1,100 front-line managers suggests many are over-estimating their skills, with surprisingly little self-doubt. Seventy-two percent said they never questioned their ability to lead others in their first year as a manager.
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As with many endeavors, preparation is essential – and often more instrumental to success than the tactics employed tableside. If you don't know what a potential deal is worth to you or haven't considered how the other party views it, you simply will have no idea where to begin or how to react to an offer.
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Lifestyle
When Facebook launched its new Deals feature yesterday, it had already lined up a handful of companies to start beta testing the new service. A look at how two of those companies – Gap and 24-Hour Fitness – are using the feature gives some insight in how Deals might work for other brands.
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The year-end rush often includes a mix of parties, gifts, and travel. And whether you’re traveling across town or across the road, your holiday baggage may include host gifts for those who invite you into their home for a party or a vacation.
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