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NetWire arrowsSeptember 9, 2010
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The United States can't afford an extension of Bush-era tax cuts for the wealthiest Americans, President Barack Obama said Wednesday, even as he called in a fiery campaign-style speech for tax breaks for middle-class Americans.
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A new BP report concludes that "multiple companies and work teams" are to blame for the Gulf of Mexico rig explosion and the largest oil spill in U.S. history, including the rig's owner and a company working on the well shortly before the blast.
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Growing fear over surging food prices will affect not only consumers around the world, but also investors, who will face an array of sometimes-conflicting choices as grain shortages and demand increases cause havoc in financial markets.
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Walmart Stores, Inc.
Career
The news last week was that if you're a young woman without children, you have a shot at making more money than your boyfriend.
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What, in short, does it take to be productive and efficient in a world of infinitely rising demand, and endless potential distractions? By productive, I mean generating goods and services with lasting value. By efficient, I mean doing so with the least amount of unnecessary expenditure of time and energy.
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As workers take in the latest round of monthly unemployment data over Labor Day weekend, Americans are focused on volatility in the job market. Much of what they hear points to growing job instability and increased autonomy of workers. Among the most-repeated claims is that the average U.S. worker will have many careers – seven is the most widely cited number – in his or her lifetime.
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CIA : Central Intelligence Agency
International
Deutsche Bank AG has approached investment banks to assess their interest in managing a stock sale to raise as much as 9 billion euros ($11.4 billion), said three people with knowledge of the discussions.
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Nothing and no one has been able to slow down the growing profile of China in the green energy business, but the U.S. Steelworkers Union thinks it's time to put up a greater fight on behalf of the U.S., which is lagging China in renewable energy manufacturing.
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U.S. Department Of State
Education
The U.S. Agency for International Development and a Washington-based group, Higher Education for Development, awarded grants of up to $1.1-million on Wednesday to partnerships between 11 American universities and 11 African counterparts that aim to deal with some of Africa's biggest developmental challenges.
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In the past, alumni from Boston University's executive MBA program who referred a new student received a leather padfolio with the school's logo. But starting this year, if the referred student enrolls, alumni can also expect a package of about $100 worth of books recommended by faculty.
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What do you think the biggest motivator among MBA aspirants is for applying to B-school? If you guessed a salary boost, you’d be wrong. According to a recent survey conducted by Veritas Prep, the two main motivations for pursuing an MBA are "an interest in business and the way it shapes society," and "the desire to affect positive change in the world."
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Wells Fargo
NBMBAA
Don't forget to team up with State Farm® and MLB® to support NBMBAA. You could win a trip for 2 to the 2010 MLB® World Series® ! Visit the site, choose the National Black MBA Association as your charity, play the Go To Bat game online and swing for the fences. The more home runs you hit, the more entries you’ll get in the weekly drawing.
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U.S. Securities And Exchange Commission
State Farm Insurance
Technology
Apple has opened up the App Store review process, dropping its harsh restrictions on the tools developers are allowed to use and at the same time actually publishing the App Store Review Guidelines – a previously secret set of rules that governed whether or not your app would be approved.
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The internet has been a great unifier of people, companies and online networks. Powerful forces are threatening to balkanise it.
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Genetech, Inc.
Entrepreneurship
If the motto of your niche firm is to go where the people are, the first place African-American and Hispanic firms should be going: mobile devices.
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There are some wonderful entrepreneurial opportunities available in today's market, but there are also increased risks because this is a tough economic climate in which to start a new business
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The Economy
The global recovery may be slowing faster than previously thought, the Organisation for Economic Co-operation and Development warned today as it cut its growth forecasts for the second half of the year. The Paris-based organization also called for further stimulus measures if the slowdown proves more than temporary.
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The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren't resorting to deeper layoffs even as the economy has lost momentum.
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Personal Finance
Attention T-shirt fans: Bag those deep discounts now because come January, stores could have you paying more for your favorite clothing.
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Everyone knows hybrids get better fuel economy and emit less CO2 than their conventional counterparts, but they also cost more because of the added technology. And that makes them a lousy value because you won’t recoup that added cost in fuel savings.
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People say money doesn't buy happiness. Except, according to a new study from Princeton University's Woodrow Wilson School, it sort of does – up to about $75,000 a year.
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Professional Development
The biggest misconception is that it is costly to continue professional development. It doesn’t have to be expensive. Money is the number one reason why a lot of people bypass professional development and end up stunting their career growth. But blaming cost is a cop out.
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Vanguard
Corporate America
The investment outfit and its Brazilian backers will need to do more than just cut costs at the troubled burger chain.
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Almost as if to prove every negative thing that has been said about the H-P board, the company filed a panicky lawsuit yesterday. The face-saving gesture – which sadly reads more like a petulant act – doesn’t seem to have much consequence beyond threatening places where the Oracle (ORCL) and Hewlett-Packard (HPQ) cooperate.
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Government
The federal government spends about $2.51 per child per day to feed them lunch. Out of that you have to pay for labor, facilities, and administrative costs, leaving about a dollar for food. Imagine trying to feed yourself a nutritious meal every day with only a dollar. Very difficult.
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White House chief of staff Rahm Emanuel has begun to quietly gauge the interest of potential supporters as he weighs whether to run for mayor of Chicago, according to people familiar with the situation.
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Leadership
Attention business women: The roles you play in group settings can determine your future success, including your ability to be promoted.
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Lifestyle
Nobody likes unpleasant surprises, but when Allison Brooke Eastman’s fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days.
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Yes, it's true: now is a better time than ever to be in the market for an e-book reader. Hardware prices are more affordable than ever, and more titles are available electronically – anywhere from hundreds of thousands to millions, depending on whether you include the huge library of free public-domain titles – than at any point in history.
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