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NetWire arrowsJune 3, 2011
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After two years of sharp declines in hiring, M.B.A. students are having more success landing jobs, and getting them earlier, than during the depths of the financial crisis. The increase comes as companies become more optimistic about their opportunities for growth, gaining confidence that new hires now will pay off down the line. (Wall Street Journal)
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Given the current 9.1 percent rate and stalled recovery, a number well above that appears a near certainty come Election Day 2012. Obama faces not only that dismal harbinger, but something more immediate: increasing pressure from his party's liberal wing to refocus on job creation in a political environment now dominated by pressure to reduce the nation's debt. (NPR)
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Recoveries from financial crises are usually subdued, but America’s is starting to look comatose. On May 26th the government said GDP grew by an annualised 1.8% in the first quarter, identical to its preliminary estimate. Economists had hoped for an upward revision. (The Economist)
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Career
Think for a moment of the last time you felt triggered – pushed into negative emotions by someone or something. Here, for example, are several of my triggers: feeling taken advantage of, not getting a response to an email I've sent to someone, and not being acknowledged for good work I've done. (Harvard Business Review)
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According to the media, job prospects for MBA grads are on the upswing. The career services divisions at top MBAs are trying to meet the challenge by coaching their students on how to behave and negotiate satisfactory outcomes. Beware however, not all business schools offer you the career services support you may need to succeed. (WCW)
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Liberty Mutual Group
Education
For cash-strapped and debt-averse MBA students, one source of financial support increasingly beats all others: the parents. (Bloomberg/Businessweek)
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Naylor, LLC
International
Despite all the warning signs about China's slowing economy, the wealth there continues to grow at a blistering pace, and foreign banks are racing to cash in. (Fortune)
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Just as the eurozone is being threatened by faltering economies, East Africa is moving closer to its own monetary union. But some are asking if it's ready for a common currency, and in light of Europe's troubles, if it should even have one. (CNN International)
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NBMBAA
Don't miss this key networking, educational and career experience. From top-level speakers to 300-plus companies, hiring right there, you can't afford not to attend. Registration is open now and sessions fill up fast, so claim your space today.
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Technology
Apple's World Wide Developer's Conference kicks off on Monday, with Steve Jobs giving the keynote address. Here's a preview. (Fast Company)
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Groupon Inc. filed to go public in a deal that could value the e-commerce company at as much as $20 billion, a hotly anticipated offering that could test the strength of a tech-investing frenzy. (Wall Street Journal)
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Entrepreneurship
If you give a discount to your most loyal customers, you might be doing something wrong. At least you're not doing all you can to reward your best customers, and keep them coming back. (Inc.)
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The Economy
Today's news that national housing prices have double-dipped to a new recession-era low is grim for homeowners, home sellers, banks, builders, and the president. But these data can be interpreted another way. The American economy is making a significant shift from buying to renting, and that may ultimately be good news. (Slate)
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Personal Finance
U.S. credit and debit card fraud is on the rise. According to one survey, nearly a third of American consumers have reported credit card fraud in the past five years. (NPR)
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To the surprise of consumers, major credit card companies are making decisions about what they can and can't buy with their credit cards. What's off-limits? Legal purchases like gambling chips and donations to at least one controversial non-profit organization. (SmartMoney)
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Corporate America
California visitors to Wal-Mart Stores' website must pay $214 to buy a Philips Electronics (PHG) 22-inch LCD HDTV, one of the hottest-selling flat-panel televisions on the Web. Customers of Amazon.com in that state see a price of $194 for the same product. The discrepancy stems largely from something that dates back to Julius Caesar: sales tax. (Bloomberg/Businessweek)
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The authorities' interest in Goldman Sachs doesn't appear to be waning. After settling a lawsuit with the Securities and Exchange Commission last year, reports today indicate that the Manhattan district attorney has subpoenaed the firm based on allegations contained in a recent Senate report. (The Atlantic)
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Government
How the bond market will respond as the debt ceiling standoff drags on is the $14 trillion question. The truth is nobody can really know. And bond experts know that better than anyone. CNNMoney talked to seven of them for their latest take on the debt ceiling drama. (CNNMoney)
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President Barack Obama is heading into his reelection campaign with a flagging economy that appears incapable of producing the sustained job growth needed to push unemployment below crisis levels. And there appears to be very little he can do about it, at least in the short term.
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Leadership
Taking the easy way out – expecting instant results; not taking the time to engage with parents, students, administrators, local politicians and other key crucial actors; doing it on the cheap; expecting everything to go smoothly – and a host other "easy solutions – simply weren't realistic or wise for would-be change agents.
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