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NetWire arrowsSeptember 29, 2011
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Visit our interactive website to download the Conference app, view updates and schedules and finalize your plans. Not registered yet? It's not too late. Download the form and bring it to our on-site registration beginning Tuesday, October 4 in Hall B of the Georgia World Congress Center in Atlanta. See you there!
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Germany's parliament approved a plan Thursday to expand the power of a European bailout fund for troubled countries that use the euro. The Bundestag, or lower house, passed the bill 523-85 in a vote considered one of the biggest in Chancellor Angela Merkel's career. (NPR)
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An estimated 12% of all humans who have ever lived are alive today. This slice of humanity has more life choices available to it than any previous generation. Four generations ago, the average European worker had about five-to-ten obvious occupations to choose from. Today we have tens of thousands of choices, but we don't have the thinking tools to match. (Harvard Business Review)
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Most of the commentary on America’s dismal economic outlook tends to focus on national statistics: an unemployment rate of over 9 percent and a flat jobs report for August. But by concentrating exclusively on the big picture, we miss an even more important story in the tremendous regional variation in unemployment. (The Atlantic)
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Target
Career
With millions of people looking for employment, the workplace these days is an increasingly unhealthy environment for those who still have, and are trying to keep, their jobs. One key reason – a stagnant economy that reduces the leverage employees typically have when they attempt to negotiate improved working conditions, move up in their organization or find better jobs outside the company. (Knowledge@Wharton)
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Most job search advice is offered by so-called 'experts' who aren't actually responsible for hiring anyone. But hiring managers at major employers are on the front lines of the job market crisis. They screen thousands of applicants a week and are in a unique position to reveal what job seekers are doing wrong, and what candidates can do to get hired now, even in an ultra-competitive job market. (CNN/Money)
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Liberty Mutual Group
International
In dark days, people naturally seek glimmers of hope. So it was that financial markets, long battered by the ever-worsening euro crisis, rallied early this week amid speculation that Europe’s leaders had been bullied by the rest of the world into at last putting together a "big plan" to save the single currency. (The Economist)
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Chile and Venezuela, two countries in the opposite of the South American political spectrum, have something in common: both are interested in the Chinese yuan, or renminbi. (CNN International)
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U.S. Department Of State
Education
The U.S. may be in an unemployment crisis, but the students at Harvard Business School aren't too worried about their job prospects, says the school's dean, Nitin Nohria. About 95% of last year's graduating class had job offers by early September, according to the school. (Wall Street Journal)
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Even if the MBA degree failed to help a graduate land a job in his or her chosen field, nearly seven out of ten applicants would still apply to an MBA program, a new survey published today (Sept. 27) shows. The study – of both prospective and current MBA students – 867 respondents in June and July of this year – was done by Veritas Prep, the test prep and MBA admissions consulting firm. Some 867 people responded. (Poets & Quants)
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PNC
The Boston Consulting Group
NBMBAA
National Black MBA Association members represent a network of business professionals with a commitment to education, career development and promoting the economic wealth of the African-American community. Join this dynamic group of educated, accomplished business leaders.
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Kraft Foods, Inc.
Federal Reserve System
Technology
With a glossy 7-inch color touch screen and a dual-core processor, the Kindle Fire, a new mobile device introduced by Amazon on Wednesday, sure looks like a tablet, and one not so different from the Apple iPad. (The New York Times)
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The notion lingers that the company has made a fateful move with the split, which has so far slashed about 40% from the firm’s market value over the last couple of weeks alone, perhaps in an attempt to kill its DVD business off quickly. (MarketWatch)
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Coca Cola
Entrepreneurship
Just when you thought you understood Facebook there is a new social network to utilize. Learn some tips for for increasing your brand on Google+. (Inc.)
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Just as in life, much in business also changes. The trick is to make sure you bring customers along for the ride. (Entrepreneur)
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The Economy
Companies have yet another reason not to boost hiring: rising unemployment taxes. Employers around the nation are getting socked with higher state unemployment tax bills as states are forced to shell out more than $1 billion in interest payments this month. (CNN/Money)
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The number of contracts to purchase previously owned U.S. homes fell in August, a sign that lower prices and borrowing costs are doing little to stoke demand. (Bloomberg)
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Personal Finance
In August, American Banks Wells Fargo and Chase announced pilot plans to implement a $3 monthly fee for their debit card usage. In November, banks like SunTrust and Regions will follow suit by charging a $5 for a monthly debit card usage fee. (Economy Watch)
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Debt, in the right amounts and at the right times in our lives, can be very beneficial in helping us get ahead. But if you get into a situation where you can’t pay it back, it can turn out to be one of the ugliest nightmares you’ll ever face. (MarketWatch)
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Lincoln Financial Group
North Highland Co
Professional Development
The Wharton School of the University of Pennsylvania will officially announce the launch of a new business certificate program for India next month in Mumbai, India. (MarketWatch)
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Dell Computer Corp.
Lowe's Companies, Inc.
Corporate America
Dave DeWalt is known within Silicon Valley for his technical chops, his charisma, and his business accomplishments, which include reinvigorating security software maker McAfee and selling it to Intel in 2010 for $7.7 billion. At 47, he now has bigger ambitions. (Bloomberg/Businessweek)
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As the economy continues experiencing growing pains, more organizations are revamping their compensation programs. Sometimes they want to open up the purse strings and make up for withheld compensation over the past few years. In other cases, the need is to better align compensation systems with business goals and ensure that the right people are being rewarded for the right things. (Workforce)
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Genetech, Inc.
Government
The idea of small businesses as indispensable to the national welfare dates to Thomas Jefferson’s veneration of the yeoman farmer. In the popular imagination, small firms are more nimble, more innovative, and more virtuous than blue-chip companies that employ thousands. Yet the notion that small business is the force behind prosperity is not true. (Bloomberg/Businessweek)
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Leadership
If you spend your career focused on salary, you’ll lose out big-time in the long run. Yes, I know that times are hard and paychecks pay the bills. I get that. I have bills too. But if that’s your primary job criteria, you’ll never get ahead of the game and you’ll be living hand to mouth your entire life.
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For driven creators, exercise is a powerful tool in the quest to help transform the persistent uncertainty, fear, and anxiety that accompanies the quest to create from a source of suffering into something less toxic, then potentially even into fuel. (Fast Company)
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Lifestyle
A disagreement between Hollywood studios and theater chains over who should cover the cost of 3-D glasses could mean that U.S. consumers start paying for their own disposable glasses next year, on top of the $3 surcharge they already pay for each 3-D movie ticket. (Los Angeles Times)
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