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Black MBA NetWire
arrows October 12, 2017
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Pressure packed situations at work can often lead to stress, and leave you battling between your brain and the best way to respond. However, there are certain phrases you can use to help with your response in sticky situations. (Harvard Business Review)
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Estimates are that by 2020, white American households are projected to own 86 times more wealth than that of black households. Many, including Rep. Bobby Rush (D-Illinois) believe that franchising may be essential to meeting the challenge of reversing wealth loss in the Black community.(Atlanta Black Star)
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A Financial Services Corporation that put the Fearless Girl statue on Wall Street in an effort to promote women in corporate America will pay a $5 million settlement after an investigation found that it underpaid female and black executives. (NPR)
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CVS Health Corporation
Career
Many things help determine what colleagues and higher-ups think about you on a job. How people perceive you and your work is often the determining factor in whether or not you get a promotion or raise. So avoid these common pitfalls that could keep your coworkers from taking you seriously. (Fast Company)
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Diversity in the Workplace
Despite evidence to the contrary, the majority of white Americans believe that race is not longer a critical factor in the opportunities on is afforded in life. But a recent study published in the Proceedings of the National Academy of Sciences showed evidence that discrimination against Blacks hasn't changed much since 1990. (Harvard Business Review)
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Despite steady calls to instill workplace equity between the sexes, women still lag far behind men at companies across the nation — and there’s evidence that progress made to date may be grinding to a halt, according to an annual survey by LeanIn.org and McKinsey & Company. (Ladders)
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International
If you're wondering if Brexit and President Donald Trump are doing damage to the reputation of the world's most popular business education markets, there is now proof. A new study by CarringtonCrisp revealed that 40% and 28% of students in the US and the UK respectively are less likely to consider studying in the two countries following the election of Trump and Britain’s referendum to leave the EU. (Business Becausee)
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Lockheed Martin
Education
Alan C. Price was inaugurated as the president of Earlham College, a small, liberal arts school in Richmond, Indiana, that was founded by Quakers - becoming the school’s first president of color. (Black Enterprise)
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According to new data from the U.S. Department of Education, nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans, (American Banker)
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Principal Financial Group
NBMBAA
During his appearance at the 2017 Annual Conference & Exposition Presented By NBMBAA® & Prospanica®, reknowned sports journalist and professor Kevin Blackistone took time out to talk about his career and the journey that has led him to where he is now. (The Shadow League)
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Hilton Worldwide
Technology
For years diversity programs have focused on how to bring more women into companies. Some say It’s now time to focus on how to make them more racially diverse, too. (The Seattle Times)
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A new report has found data that shows the general focus on developing female leaders has not addressed the distinct challenges for Asian, black, or Hispanic women. (Fast Company)
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Denise Gray is known as the "battery czar" in some circles. She once ran the world that power your vehicles and keep electric cars supplied with new automotive batteries.Gray and her team, working closely with LG Chem, developed and launched the lithium-ion battery system that powered the original Chevrolet Volt.(US Black Engineer)
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Entrepreneurship
Former NFL Linebacker Dhani Jones has gone from professional athlete to highly successful entrepreneur. Now he wants to use some of the lessons he's learned along the way to help other African-Americans step into the world of entrepreneurship. (CNBC)
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Offo Ezeugwu, CEO and co-founder of Whose Your Landlord, has created a platform to help renters access information through reviews, and says knowledge is power when it comes to renting. (The Grio)
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The Economy
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.91 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.85 percent a week ago and 3.47 percent a year ago. The 30-year average, which hasn’t been this high since August, had its biggest one-week increase since July. (The Washington Post)
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The raging wildfires in Napa and Sonoma counties in California have, along with homes and other businesses, damaged and destroyed many wineries. The destruction won't have an immediate affect, but could affect supply for years to come. (Fortune)
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Personal Finance
If you're looking for a way to earn money through investments without having to give up your full-time job, passive business ownership may be the way to go. Here are five you should consider. (Black Enterprise)
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Though Americans are technically doing a better job of saving now than in past years, most of us still are not saving nearly enough. An estimated 57% of U.S. adults don't have $1,000 in a savings account, while 39% have absolutely no money saved at all. If you've yet to amass a respectable sum of savings, there's a good chance one of the following factors is to blame.(CNN Money)
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According to a just-released NerdWallet study, Millennial parents are outsaving parents of every other generation, and should have the most income once they hit retirement age. Based on these recent findings, if each generation (Millennials, Gen Xers, and Baby Boomers) were to maintain its current savings rate between the ages of 26 and 67, Millennials would end up with over $1 million more in retirement than Boomers and $400,000 more than Gen Xers. (USA TODAY)
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Government
President Donald Trump is suggesting the U.S. change its tax laws to punish organizations like the NFL if members are "disrespecting" the national anthem or flag; NFL already gave up its tax-exempt status. ( U.S. News & World Report)
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