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Black MBA NetWire
arrows August 19, 2016
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Top News
Hiring staff for the Olympics has certain restrictions, but there are tactics that can be applied to any recruiting effort. (Fast Company)
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Facing high-profile withdrawals from online insurance exchanges and surging premiums, the Obama administration is preparing a major push to enroll new participants into public marketplaces under the Affordable Care Act. (The New York Times)
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Federal Reserve officials, playing a waiting game on the economy, sought to keep their options open at a July policy meeting as they tried to reconcile differences over whether it was time to raise short-term interest rates again.(The Wall Street Journal)
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When it comes to issues of race, gender, and diversity in organizations, researchers have revealed the problems in ever more detail. We have found a lot less to say about what does work — what organizations can do to create the conditions in which stigmatized groups can reach their potential and succeed. (Harvard Business Review)
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7-Eleven
Career
If you’re feeling stuck in your job, you’re not alone. It can happen for a variety of reasons: Maybe you’ve become captive to your routine, or you’re coping with a difficult boss, or you feel like you don’t quite fit in. But the good news is: It doesn’t mean you have to do something major, like up and quit. (The Muse)
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There isn’t a more sensitive, front-running topic in the nation right now than race—it’s inescapable. The topic can be emotional, all-consuming, daunting, frustrating, and irritating, but it can also liberate, educate, inspire, and unite. (Black Enterprise)
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Northwestern Mutual
Diversity in the Workplace
There are often many ways to solve a problem, but without a diversity of perspectives from a multi-generational workplace, those solutions may not be thought of, introduced, or considered. (Business 2 Community)
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We have repeatedly suggested in this blog that workplace diversity and inclusion (D&I) represents an opportunity to build better companies, and should become integral to corporate strategies to drive performance and improve ROI. However, evidence suggests that although the volume of conversation about D&I has grown, we are still a long way from widespread adoption. (Forbes)
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In a single year, Medicare reimbursed female physicians almost $19,000 less than male doctors, according to a new study published in Postgraduate Medical Journal. (Fortune)
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International
European shares rose for the first time in a week and emerging markets advanced as a gauge of commodities climbed for the sixth straight day and minutes of the Federal Reserve’s last meeting damped prospects for a U.S. interest-rate hike. (Bloomberg)
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Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving with bags of cash to meet clients in discreet locations around the vast capital Cairo. (Voice of America)
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British retail sales rose strongly in July, as warm weather boosted clothing sales and a weak pound lured overseas visitors to snap up watches and jewelry. (The Wall Street Journal)
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Highmark, Inc
Education
While some parents cite religious and moral reasons, others say they are keeping their kids out of public schools to protect them from school-related racism. (Christian Science Monitor)
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Federal Deposit Insurance Corporation (FDIC)
Thermo Fisher Scientific
Technology
You’re not paranoid, you really are being followed more online. A study that looked at web tracking over the last 20 years found that at least 75% of the world's 500 most popular websites contain web trackers, up from fewer than 5% in 1998. (USA TODAY)
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From the creator of the LawyerBot, an online advice-giver that walks people through the process of getting out of parking tickets and arguing with airlines for compensation over delayed flights, comes a new site that could be even more useful. It is helping newly evicted folks claim housing aid and benefits. (Fast Company)
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Entrepreneurship
A push is underway in New York City to unlock the power of women entrepreneurs. In a unique, targeted city-sponsored venture, a group aiming to help accomplish this has been launched — Women Entrepreneurs New York City (WE NYC). The program offers training and business services, along with networking and planning to support women entrepreneurs who are starting and growing businesses. It's sponsored by the New York City Department of Small Business Services. (Voice of America)
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Arlan Hamilton chased her dream of starting a venture fund to support female, minority, and LGBT entrepreneurs. She landed investments from top names in tech, including Marc Andreessen and Slack CEO Stewart Butterfield. (Inc.)
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Studies show the survival rate of companies that go through an accelerator are three times than that of companies that don’t. What’s more, research shows companies that completed an accelerator program grew faster than companies that didn’t. (Black Enterprise)
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The Economy
While calls have been increasing for Black consumers to support Black-owned businesses with their buying power estimated at more than $1.2 trillion a year, social media campaigns with momentum like #buyblack are relatively new. . . . and frustration is shared by some other Black business owners who say they can find it hard to sell to Black consumers. (Miami Times)
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The rules of the job market aren’t the same for older workers. As men and women 55 and older looking for employment probably suspect, at a certain point the kinds of jobs available to them narrow significantly. New research by Matthew Rutledge, an economist at the Center for Retirement Research at Boston College, found that they are increasingly being funneled into what he describes as "old-person" jobs. (The New York Times)
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Personal Finance
As the national conversation about the value of black lives and the role of police intensifies, celebrities and community leaders alike are calling on the black community to deposit money into black-owned banking institutions to combat brutality and transform communities. (Black Enterprise)
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Non-profit thrift stores like Goodwill and The Salvation Army operate exclusively from donations of people in their community just like you. Most people usually think about donating clothes, but there are many more items stores are happy to take off your hands – plus, you’ll get a tax deduction! Here are some ideas to get you thinking next time you de-clutter the house. (Intuit Turbotax)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
Wal Mart Stores Inc. reported stronger-than-expected same-store sales growth in the latest period, with slightly more shoppers heading to its stores at a time when many retailers are struggling to attract foot traffic. (The Wall Street Journal)
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Government
Facing high-profile withdrawals from online insurance exchanges and surging premiums, the Obama administration is preparing a major push to enroll new participants into public marketplaces under the Affordable Care Act. (The New York Times)
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On Jan. 1, 2018, the two government-sponsored enterprises will officially run out of capital under the current terms of their bailout. After that, any losses would be shouldered by taxpayers. (Bloomberg)
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Leadership
Hiring two people to split up one set of managerial duties might actually make financial and organizational sense. (Fast Company)
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Lifestyle
It also just happens to be the beginnings of a new area that aims to restore the city's historic Paradise Valley entertainment district. Developers are banking on this type of energy in a section of Detroit that was once the center of black enterprise in the city, before it was destroyed decades ago to make way for a freeway. (Detroit Metro Times)
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