Democrats and Republicans remain "far apart on a wide range of issues" in budget talks aimed at averting a looming default on US government debt, President Barack Obama has said. (BBC)
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The government shutdown is taking an economic toll on businesses and professionals around the state. And it's costing Minnesota a pretty penny too. Governor Mark Dayton continues to meet with Republican lawmakers about bridging the $1.4 billion budget gap that separates them. However, a solution is not yet in hand. (CNN/Money)
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The University of North Carolina's Kenan-Flagler Business School is taking its brand online. The business school this Monday launched an online M.B.A. program with 19 students, dubbed MBA@UNC, that will offer the same core curriculum as its regular full-time M.B.A. program. It is the first online program of its kind from a top-20 U.S. business school. (Wall Street Journal)
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What toll does it take, over time, if you get too little sleep; skip breakfast or settle for something unhealthy; struggle with a relentlessly challenging commute; attend meeting after meeting with no breaks in between. (Fast Company)
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As a career and executive coach, I’ve spoken with hundreds of professionals who’ve shared some version of, "I really want to leave my job and change my career, but I’m not sure what to do or where to go from here." (Forbes)
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Interviewing sets the tone of the culture to everyone that comes into the company. This is the very first exposure to the company. It can be an effective tool to use to not only set the culture with new hires but to reinforce the culture to existing hires involved during interviews. (Fast Company)
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But East Coast schools such as the University of Pennsylvania’s Wharton School and Harvard Business School are enrolling record percentages of women in the upcoming academic year. (Workforce Management)
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The buzz at Pivot25, a conference for mobile-phone software developers and investors held this June, is all about the future of money. Ben Lyon, the 24-year-old business-development VP of Kopo Kopo, wants $250,000 to produce his app for shops to process payments made by text message.(Time)
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This Sunday's edition of the News of the World will be its last, News International chairman James Murdoch has said, after days of increasingly damaging allegations against the paper. (BBC)
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R. Glenn Hubbard, dean of the Columbia Business School, wants his students to make connections – and not just through networking. He blames the recent financial crisis on a failure by leaders to successfully see the big picture, focusing instead on their area of expertise. Not connecting the dots, he says, was disastrous. (Wall Street Journal)
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Graduate business school applicants put their heart and soul into getting into their dream MBA program. By the time they actually enroll in business school, they are trying to wrap things up at work, reconnect with friends and family, and take a deep breath before heading to campus. Usually this means the soon-to-be student does little to prepare for this major life change. (BloombergBusinessweek)
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Early bird registration rates offer discounts through August 1, so don't miss this opportunity to attend the nation's largest diversity career fair and the must-attend education and networking event.
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One of the great myths of security in 2011 is that if you’re infected with malware it’s your own fault. You shouldn’t have been searching for porn, downloading pirated software, or snagging bootleg DVDs from BitTorrent. (ZDNet)
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In the hyper-competitive world of mobile technology, you're only as good as your latest innovations. So brands rise and fall with surprising speed. But even by those accelerated standards, the fall of Research-in-Motion (RIMM) this year has been sudden and brutal. (Fortune)
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Three MIT students pitched an idea: travel to India and help local students apply technical knowledge to local problems. Technology companies signed up and supported them. A few weeks ago, they won three awards in the MIT Global Challenge competition. (BloombergBusinessweek)
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Jean-Claude Trichet, president of the European Central Bank, tightened the screws on Greece, Portugal and Ireland on Thursday by pressing ahead with an increase in interest rates, and insisting the single currency's weakest members must avoid a default at all costs. (The Guardian)
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New claims for unemployment benefits in the United States declined last week to their lowest level in nearly two months, according to a government survey on Thursday, while a separate report on jobs from the payroll processor ADP was better than economists had forecast. (The New York Times)
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On June 8, the White House invited 23 journalists from leading personal-finance sites for a first-of-its-kind summit. The goal: translate important issues for the economy out of Washington-speak and into practical, pocketbook terms that everyday Americans who get their financial information online can understand. (Kiplinger's)
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Using a social networking app on your phone to announce your location can now earn you more loyalty points in your airline or hotel rewards program. (Smart Money)
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In recent months, the federal debt ceiling — last increased in February 2010 and now standing at $14.3 trillion — has become a matter of national debate and political hysteria. The ceiling must be raised by Aug. 2, Treasury says, or the government will run out of cash. Congressional Republicans counter that they won’t raise the debt limit unless Democrats agree to large budget cuts with no tax increases. President Obama insists that closing tax loopholes must be part of the package. Whom and what to believe in the great debt-limit debate? (Washington Post)
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This year, Congress is in a mood to really make history. Republicans and Democrats, unable to come to a deal, are on the brink of becoming, to my knowledge, the first government in world history to purposefully default on its otherwise affordable debt to make a political point about spending. (The Atlantic)
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Adam Smith’s Wealth of Nations, published in 1776, famously described what would be one of the central drivers of economic progress for centuries to come: the division of labor. (Harvard Business Review)
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Fewer and fewer American teenagers are having early working experiences. From the 1950s through the 1990s, between 45 and 60 percent of teenagers had summer jobs, with the numbers ebbing and flowing with the business cycle. Today, just one in four American teens has a summer job. (Slate)
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