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Black MBA NetWire
arrows November 6, 2015
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Great news for the graduate business school class of 2015: The job market for candidates with MBA degrees, sleepy for the past eight years, is waking up. (Fortune)
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On Thursday, the E.U.’s Commission (the secretariat that drafts and polices its laws and compiles its statistics) took a first stab at quantifying the economic effects of the continent’s biggest humanitarian crisis since World War II, and they didn’t even come close to an answer. (Fortune)
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On Monday, President Obama signed into law the Bipartisan Budget Act of 2015. Among its provisions are changes that shut down two popular Social Security claiming tactics: the-file-and-suspend and the restricted-application strategies. (MarketWatch)
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Career
The cat-and-mouse game of maintaining your focus in the face of continual distractions is hardly a new one. But in the age of smartphones and other developments that increase the noise in your life, trying to keep your attention on one task is more difficult than ever. (Inc.)
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Frequently find yourself moving from one conference room to another as you navigate a schedule jam-packed with meetings? If your company seems to allocate a lot of time for talking about what needs to be done and not enough time for doing the actual work, it’s probably because that’s what’s actually going on. (Money)
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When business is conducted globally, we often have to travel long distances to launch projects, meet with partners, negotiate deals, address crises, manage customer relations, and engage in a variety of other activities on the behalf of our organizations. (Harvard Business Review)
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Lincoln Financial Group
Diversity in the Workplace
Bonuses for top U.K. finance executives should be linked to how many women their institutions employ in senior positions, a review commissioned by the British government said Wednesday. (The Wall Street Journal)
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Education can be transformative, but it isn't improving the chasm between what men and women make. In fact, the gender pay gap seems to get worse the fancier your degree is, a new report shows. (Bloomberg Businessweek)
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International
To appreciate why it is proving so hard for Washington to help debt-burdened Puerto Rico, it helps to go back to 1975, the year New York City went broke, and consider the role played in that crisis by a prominent Republican senator from Texas named John Tower. (The New York Times)
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Two of Europe’s healthier economies sputtered at the end of summer, as the shockwaves from China’s slowdown and market volatility made themselves felt halfway around the world. (Fortune)
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U.S. Department Of State
Education
With the gap between the highest and lowest-income Americans at its widest level in decades, some business schools are putting income inequality on the syllabus. (The Wall Street Journal)
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Tariro Matanga is the founder and director of Esperer, a wholesale pharmacy business exporting pharmaceutical products from the UK to Africa. A trained pharmacist, she wants to pursue an MBA to learn the skills she needs to develop her business. (BusinessBecause)
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The University of Michigan’s Ross School of Business remained the number one school from which amazon.com recruits MBAs, hiring a record 59 of the 455 MBA graduates of the Class of 2015. That is more than twice as many hires that Amazon made from Ross only a year ago when it brought aboard 27 MBAs from the school. (Poets & Quants)
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Consortium For Graduate Study in Management
NBMBAA

Founded in 2015, the LOT® Endowment Fund is a $1,000,000 award campaign that aims to improve scholastic opportunities through funding for Black youth between the ages of 15-18, through charitable support from the NBMBAA’s members, along with its corporate partners, friends and advocates.

Help us to foster financial and educational assistance for Black students across the nation through undergraduate scholarships, with the goal of sending them to college at no or reduced cost.

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With more than 9,000 members, the NBMBAA is the largest non-profit organization advocating minority business professionals year-round. Our members are professionals from all over the world. Join our dynamic membership pool today to enhance your career and professional portfolio.

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Northwestern Mutual
Technology
Over the last few years, so-called sharing companies like Airbnb and Uber – online platforms that allow strangers to pay one another for a room or a ride – have established footholds in thousands of communities well before local regulators have figured out how to deal with them. (The New York Times)
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Angela Benton, founder of NewME, explains why programming skills aren't necessary to break into the technology industry. (Video) (Inc.)
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The Internet was supposed to democratize and open up information, commerce and communication. But so far, the spoils are going to a relative few. (USA Today)
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Entrepreneurship
It was easy to forget about the difficulties of building my business, Brooklyn Taco Co., when I was catering for The Daily Show with Jon Stewart every month. It was a great achievement to have my favorite celebrity craving my handcrafted tacos. (Entrepreneur)
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Few ideas in business conjure more vivid images of bold individualism than the do-it-yourself entrepreneur. Entrepreneurs go it alone, the mythology insists. They are swashbuckling mavericks, bucking the establishment. The image is irresistibly romantic and deeply entrenched. (Knowledge@Wharton)
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The Economy
Wealthy Americans aren't just pulling away from their poorer counterparts in income and wealth: They're also leading in borrowing for all categories except student loans, magnifying their advantage in purchasing power. (Bloomberg Businessweek)
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Retailers are facing a shrinking pool of workers as they staff up for the holidays, prompting some to offer more hours or higher pay to make sure they have enough cashiers or salespeople for the Christmas crush. (The Wall Street Journal)
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Personal Finance
Childcare is really expensive. In some states the costs can top 15 percent of the median income for a married couple. And when looking at single-family households, that burden can easily pass 40 percent of the median income. (The Atlantic)
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The first thing to note about families with two parents working full-time is that having two incomes is pretty sweet, financially speaking. These families take in an average of $102,400 annually, according to a Pew survey of two-parent households released today. Families in which dad works and mom stays home make about half that – $55,000. (The Atlantic)
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Naylor Association Solutions
Corporate America
In recent years, you’ve no doubt noticed a change to the rhythm of the holiday shopping season. Big-box retailers are starting their major holiday sales not on Black Friday, but on Thanksgiving Day – and are often offering other seasonal deals days or even weeks earlier. (The Washington Post)
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The convicted former finance chief of Enron, the failed US energy giant, has sounded a warning about corporate fraud, saying companies now have even more scope to bend the rules than when he was at the firm. (BBC News)
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Government
Here’s a roundup of reactions to the October jobs report, which showed 271,000 jobs were created in the month, well above expectations. The unemployment rate fell to 5% from 5.1%. MarketWatch)
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Leadership
I came face to face with my own transition from child to MBA when a teenager said two words to me. Nothing as dramatic as confronting pollution, addiction, or efficiency, but a wake-up call nonetheless. I am profoundly grateful to that teenager. (Harvard Business Review)
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In August 1993, Professor Donald Hambrick gave a memorable address to the annual gathering of the Academy of Management. As its president, his question to the thousands of members in the world’s largest association of management scholars could hardly be dismissed: What if the Academy actually mattered? (Harvard Business Review)
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