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NetWire arrowsAugust 11, 2011
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It feels eerily familiar: Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement. Many Americans are wondering whether they are in for a repeat of the financial crisis of 2008. (The New York Times)
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More companies are trying to tap Facebook Inc.'s 750-million-plus user base to find new employees, threatening traditional job boards and competing with LinkedIn Corp., which has dominated the online professional networking arena. (Wall Street Journal)
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The Great Recession has accelerated the hollowing-out of the American middle class. And it has illuminated the widening divide between most of America and the super-rich. Both developments herald grave consequences. Here is how we can bridge the gap between us. (The Atlantic)
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Liberty Mutual Group
Career
At the core of these failures is how leaders and entrepreneurs, and employees in turn, typically ask for accountability and are then rewarded. Money is the carrot (or some proxy for money, like vacation time, or a trip, or a bonus, that sort of thing). That works in an industrial operation where there are fairly time specific goals to be achieved. But the reality is, money isn’t as important as the relationship. (Fast Company)
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Do job seekers need yet another social networking site? Maybe. In comes Google with its own social networking site Google+ to make your life even more complicated. But it may be worth considering, especially if you’re in technology, marketing, social media or anything to do with the Internet. That is, if you can score an invite.
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The U.S. workplace is becoming increasingly hostile, according to research conducted by Indiana Wesleyan University and Florida International University. Eighty-six percent of the workers studied said they'd experienced rude behavior this year, while 90 percent admitted to instigating it. (CBS News)
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Nielsen
Diversity in the Workplace
Women have been in the workforce for decades, but many will acknowledge that it is still a man's world. According to the most recent data from Catalyst Research, women now make up nearly half (46.7%) of America's workforce and hold 51.5% of management, professional and related occupations. Yet only 7.6% of the Fortune 500 top earners are women, and women make up only 2.6% of Fortune 500 CEOs. (Knowledge@Wharton)
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Education
UCLA's Anderson school has completed a sweeping curriculum overhaul in the hopes to get their students to develop a specialty early on so they are more attractive to job recruiters. But can they get their students to commit? (Fortune)
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François Ortalo-Magné takes the helm of the Wisconsin School of Business next month following Wisconsin's contentious battle over collective bargaining rights for public-employee unions, which has presented challenges for the state university system. (Wall Street Journal)
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U.S. Department Of State
International
Africa's resourcefulness goes far beyond the mobile phone, and according to Nigerian-American journalist Dayo Olopade, author of forthcoming book "The Bright Continent," advanced economies can learn a thing or two from Africa's innovative spirit. (CNN)
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It started in Greece, and has spread steadily since. This week’s episode of the euro-zone crisis has focused on Spain and Italy, but other countries, at both ends of the size spectrum, keep coming into view. (The Economist)
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NBMBAA
Join us for a day of golf and fun Saturday, October 8, during the National Black Masters Golf Tournament at the NBMBAA 33rd Annual Conference & Exposition in Atlanta, GA. This event, benefiting the Leaders of Tomorrow® program, begins at 10am with a four person scramble with many challenges followed by an award reception. A DJ and celebrity sightings make this a can't-miss end to Conference.
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Technology
When Groupon filed in early June to go public, the daily deals company drew a barrage of criticism for its reliance on an unorthodox accounting practice that masked some of its losses. Bowing to the critics, Groupon amended its IPO filing on Wednesday to strip out the odd metric. (CNN/Money)
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There is so much noise about social media, much of it not very helpful. Myths about how and why to use these networks abound, spread by networking neophytes and so-called experts. The truth is the answers to these questions keep changing, because we are only beginning to understand how to harness social networks to unlock the Web’s true potential. (Forbes)
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Kraft Foods, Inc.
Entrepreneurship
Soldiers returning from the wars in Iraq and Afghanistan can look forward to a different kind of action when they reach U.S. soil: help for their businesses. More government agencies and private firms are setting aside more contracts – or procurement goals --for veteran-owned companies. (CNN/Money)
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The Economy
There is still a presumption that blood can be squeezed from a stone. That’s true in the U.S. housing market, where banks continue to insist that they will be able to collect full repayment of wacky mortgage loans that they never should have made in the first place. And it’s true in Europe, where creditor nations and banks are dragging their heels on writing down the sovereign debt of Greece, Ireland, and Portugal. (Bloomberg/Businessweek)
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While Wall Street experiences the biggest stock sell-off in years, some very successful investors don't appear to be concerned. They're out buying stocks while everybody else panics. Top executives are also downplaying the perceived crisis. (NPR)
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Target
Personal Finance
When the unexpected strikes, most Americans aren't prepared to pay for it. A majority, or 64%, of Americans don't have enough cash on hand to handle a $1,000 emergency expense, according to a survey by the National Foundation for Credit Counseling, or NFCC, released on Wednesday. (CNN/Money)
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he falling market and the economic uncertainty that comes with it has even the most frugal looking for new ways to save. Many of the easiest ways to do so may not even require that much sacrifice. (Smart Money)
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The Boston Consulting Group
Federal Reserve System
Naylor, LLC
Government
The narrow U.S. escape from default and its credit downgrade have added to a perception that the United States is in decline, a view that could weaken Washington's influence abroad. (Reuters)
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Leadership
U.S. businesses far and wide have instituted formal ethics training in an effort to discourage acts that pose legal risks, affect compliance, or compromise corporate and social responsibility. But even with the best intentions, the training often leaves unaddressed the moral dilemmas leaders face in real-life situations.(Bloomberg/Businessweek)
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Nowhere are the assumptions about the effective harnessing of self-interest, and the terrible consequences, expressed more clearly than in former Federal Reserve chairman Alan Greenspan’s 2008 testimony to the U.S. Senate after the collapse of the banking and credit system. "Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity – myself, especially – are in a state of shocked disbelief," Greenspan said. (Harvard Business Review)
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