NetWire

Top News
Federal Reserve officials decided to keep the central bank’s balance sheet at a record to spur the slowing economy after completing $600 billion of bond purchases this month. (Bloomberg/Businessweek)

Visit http://www.businessweek.com/news/2011-06-22/fed-to-maintain-record-stimulus-after-ending-bond-purchases.html to view the full article online.

 
There's a change in the culture of 'work' in America, and the A.D.D., anxiety-ridden professional is faring better than his tenure-tracked counterpart. Yes it's cheaper to hire independent consultants, with no benefits, but companies are now more susceptible to compliance risk. (Fortune)

Visit http://management.fortune.cnn.com/2011/06/22/why-america-is-going-the-way-of-the-freelancer/ to view the full article online.

 
A divided Securities and Exchange Commission approved new rules on Wednesday that would impose sweeping disclosure requirements on large hedge funds and other private investment advisers, a first for an industry that has long eluded Washington oversight. (The New York Times)

Visit http://dealbook.nytimes.com/2011/06/22/hedge-funds-face-new-reporting-requirements/?ref=business to view the full article online.

 
Nielsen
Career
At any given time, are you trying to juggle lots of projects at work? If so, you could be decreasing your output, recent research suggests. (MIT/Sloan Management Review)

Visit http://sloanreview.mit.edu/the-magazine/2011-spring/52315/how-too-much-multitasking-at-work-can-slow-you-down/ to view the full article online.

 
Is your life going sideways? Former Yahoo executive Tim Sanders shares his personal advice on escaping the rut and how confidence can fast-track your career. (Inc.)

Visit http://www.inc.com/articles/201106/how-to-fast-forward-your-goals.html to view the full article online.

 
Americans may be increasingly unhappy with their jobs, according to a new survey. But so far those lucky enough to be employed seem reluctant to quit. About one in three employees is seriously considering leaving their job, according to a survey to be released Monday by human-resources consultant Mercer LLC. (Wall Street Journal)

Visit http://online.wsj.com/article/SB10001424052702304453304576392191944289686.html to view the full article online.

 
Liberty Mutual Group
International
In Africa, the skies are busier than ever before and the airlines more efficient. The best African carriers can compete with the old colonial giants, British Airways and Air France. New routes open monthly. (The Economist)

Visit http://www.economist.com/node/18836904 to view the full article online.

 
After 30 years of mind-bending economic growth, everyone knows about brand China – but very few people can name a Chinese brand. And the reasons for that are not just economic. (NPR)

Visit http://www.npr.org/2011/06/22/137320938/chinas-businesses-boom-but-its-brands-dont to view the full article online.

 
Education
Business school faculty members have been churning out research on green initiatives, terrorism and happiness. (Bloomberg/Businessweek)

Visit http://www.businessweek.com/bschools/content/mar2011/bs20110323_364816.htm to view the full article online.

 
Every 10-point decline in a GMAT score will cost a graduating MBA roughly $3,000 in starting salary and potentially hundreds of thousands of dollars over a career, according to a new analysis of GMAT score and job placement data by test prep firm Knewton. (Poets and Quants)

Visit http://poetsandquants.com/2011/06/22/ten-gmat-points-equal-3000-in-starting-pay/ to view the full article online.

 
Naylor, LLC
NBMBAA
Don't miss this year's amazing line-up of speakers, educational sessions, career opportunities and networking. Spots fill up fast, to register early for access to the events you want to attend.

Visit http://www.nbmbaaconference2011.org to view the full article online.

 
Naylor, LLC
Technology
The hardest part of talking about computer security is getting everyone to agree on the nature of the problem. It’s especially frustrating when you’re trying to weigh the pros and cons of different strategies with someone whose view of the PC security landscape is outdated and inaccurate. (ZdNet)

Visit http://www.zdnet.com/blog/bott/trojans-viruses-worms-how-does-malware-get-on-pcs-and-macs/3491?tag=content;feature-roto to view the full article online.

 
What if people could use the Internet to create a new kind of money, one that didn’t involve governments and central banks and could be used anonymously, like cash? That is the idea behind Bitcoin, a virtual currency that has caught the attention of computer geeks, financial speculators, and drug dealers. For the first time, you can buy anything online without giving your credit-card number or bank-account information – leaving no trace at all. (Newsweek)

Visit http://www.newsweek.com/2011/06/19/the-web-s-secret-cash.html# to view the full article online.

 
Entrepreneurship
Nearly a quarter of American small and midsize companies are doing business overseas, and more are getting ready to do the same, finds a new survey from The Business Journals. (Porfolio)

Visit http://www.portfolio.com/business-news/2011/06/21/business-journals-survey-finds-more-global-business-for-small-companies to view the full article online.

 
The Economy
Despite the series of low-probability, high-impact events that have hit the global economy in 2011, financial markets continued to rise happily until a month or so ago. (Slate)

Visit http://www.slate.com/id/2297402/ to view the full article online.

 
We are not all in this together. The UK economy is flat, the US is weak and the Greek debt crisis, according to some commentators, is threatening another Lehman Brothers-style meltdown. But a new report shows the world's wealthiest people are getting more prosperous – and more numerous – by the day. (The Guardian)

Visit http://www.guardian.co.uk/business/2011/jun/22/worlds-wealthiest-people-now-richer-than-before-the-credit-crunch to view the full article online.

 
Personal Finance
Dotcom stock offerings have lately displayed frenzied pricing not seen since the 2000 tech bubble. LinkedIn, which debuted a month ago as the priciest stock in America, has lost one-third of its value since trading began, while Pandora, the internet radio firm, has gotten one-quarter cheaper in its first week of trading. (SmartMoney)

Visit http://www.smartmoney.com/spend/technology/-1308600860334/?link=SM_hp_featStory to view the full article online.

 
While the signs of a possible double-dip recession are increasing, this month's Financial Security Index poll discovered a frightening fact: Roughly half of Americans are dangerously unprepared for a personal financial emergency. (Fox Business)

Visit http://www.foxbusiness.com/personal-finance/2011/06/20/as-economy-slows-1-in-4-has-nothing-saved/ to view the full article online.

 
Corporate America
During a recent visit to Michelin, their CEO was proud to share an initiative where Michelin had allocated $2 million for lending to local small businesses in light of the economic crisis. Its success got me thinking, "Why hasn't the domestic micro-finance model moved to the forefront of options for small businesses today?" (Fast Company)

Visit http://www.fastcompany.com/1762361/5-tips-for-transforming-the-micro-finance-system to view the full article online.

 
Kraft’s announcement that Tang – that powdered orange drink mix you thought was last consumed on a 1972 space mission – has become its latest billion dollar brand provides a revealing glimpse of where America’s food industry is headed. (Bnet)

Visit http://www.bnet.com/blog/food-industry/what-1b-in-tang-sales-says-about-the-future-of-food/3277?tag=fd-topStory2 to view the full article online.

 
Government
Lawmakers risk derailing the economic recovery if they act too soon to slash spending or raise taxes substantially. But if they wait too long to tackle the country's burgeoning debt, they risk damaging the economy for decades. (CNN/Money)

Visit http://money.cnn.com/2011/06/22/news/economy/federal_budget_debt/index.htm?iid=HP_River to view the full article online.

 
Leadership
Have we become so culturally invested in the allure of the Free Agent, the lone wolf, the techno-rebel with a cause, that we are prepared to shower millions of dollars (maybe tens of millions) on a small number of superstars rather than a well-assembled team that may not dazzle with individual brilliance, but overwhelms with collective capability? (Harvard Business Review)

Visit http://blogs.hbr.org/taylor/2011/06/great_people_are_overrated.html to view the full article online.

 
The advent of the social business marketplace represents a startling opportunity for CEOs, both in turns of the upside for their corporations and shareholders, and for the positive impact that brands can have on their customer community and the world at large. (Fast Company)

Visit http://www.fastcompany.com/1761924/top-ten-ways-ceo-s-must-change-to-lead-in-the-social-business-marketplace to view the full article online.