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arrows May 10, 2018
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About 86 percent of Americans plan to celebrate Mother's Day this year, spending on average about $180 - $6 shy of last year's average. But for only the second time in the past 15 years, total retail spending for Mother’s Day this year is estimated to exceed $23 billion. (USA TODAY)
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If you've been fired, the most important thing is not to fall into the doldrums and start believing you'll never work again. Here is some advice from career experts on how to get back into the game after a setback. (Monster)
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Career
If you often have to psyche yourself into going to work, it's possible you're in the wrong job. The author of "The Right (and Wrong) Stuff: How Brilliant Careers are Made and Unmade" says if your job and motives aren't aligned, you could have serious problems. (Fast Company)
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Experts offer tips on how to approach someone for a referral, walking the fine line between presumptuous and polite. (Fast Company)
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Diversity in the Workplace
According to top CEOs, investors are becoming much more interested in more than just earnings growth, increasing their focus on a company's culture and what they are doing in social justice matters. (Bloomberg)
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International
One of China's largest tech companies had ceased operations at one of its main centers after a U.S. ban against the company went into effect last month. The U.S. Commerce Department blocked American firms from selling parts or providing services to the company until 2025. (CNN)
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Rampant inflation in Venezuela's decimated economy has reduced wages for oil workers to the equivalent of just $2 per month. Many are fleeing to neighboring nations in an attempt survive and provide for their families. (CNN Money)
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Naylor Association Solutions
Education
A Missouri school where noted scientist and inventor George Washington Carver attended as a child is undergoing rehabilitation to return it to its original condition. The Neosho Colored School is being moved so that the Carver Birthplace Association can rebuild and stabilize the structure, the Joplin Globe reported . The school building was built in 1872. (U.S. News & World Report)
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Technology
A nationwide assessment of the digital economy has found that black Americans are overrepresented as tech consumers, but drastically underrepresented as tech employees, according to the 2018 State of Black America semi-annual report commissioned by the Urban League The Report is entitled "Save Our Cities, Powering the Digital Revolution". (St. Louis American)
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Intel and the National Basketball Association announced plans this week for a joint venture that will evaluate technology startups around the world for potential investment and commercial collaboration. (Forbes)
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Entrepreneurship
Karen Okonkwo and Joshua Kissi have started a Seattle-based stock photography company that specializes in diverse images. The company, Tonl (prounounced tonal, wants to give greater representation online to people of color. (Inc.)
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The Create Capital Fund, launched with a $25,000 grant from Fidelity Bank's new Bravely Onward Fund at the Wichita Community Foundation, offers to provide low-interest loans between $2,500 and $25,000 to minority owned businesses. (The Wichita Eagle)
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The Economy
President Donald Trump's decision to pull out of the Iran nuclear deal and restart previous economic sanctions will most likely have major consequences for the oil industry in Iran. But even though the sanctions will reduce Iran's oil output, some experts believe the current spike in oil prices won't have a long-lasing effect. (Forbes)
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Personal Finance
Here's a breakdown of where the average American's income goes and how much is left to save, invest and pay down debt. How do your spending habits compare? (USA TODAY)
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Corporate America
Among the Top 5 tech companies, only Microsoft has managed to avoid sustained public criticism about contributing to social ills in the past few years. Satya Nadella, its chief executive, and Brad Smith, its president, also have emerged as two of the most outspoken advocates in the industry for protecting user privacy and establishing ethical guidelines for new technology like artificial intelligence. (The New York Times)
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As part of the third-biggest transaction in Nestle's 152-year history, the Swiss food giant will spend $7.15 billion for the right to market Starbucks Corp. products from beans to capsules, combining its international distribution network with the allure of arguably the biggest name in coffee. (Bloomberg)
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Sears shares jumped nearly 20 percent after an announcement Wednesday that the department store chain will begin delivering and installing care tires for customers who purchase the tires from Amazon. (Business Insider)
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Government
President Trump's decision on Tuesday to impose new sanctions on Iran immediately blocks new contracts and sets 90-and 180-day deadlines for companies with existing Iranian business commitments. (Bloomberg)
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Lifestyle
While 30 percent of black leisure travelers consider learning about history and local culture to be an important part of vacation, black travelers are less likely than others to spend their time visiting museums and historical sites. However, the opening of the Legacy Museum and the associated National Memorial for Peace and Justice in Montgomery, Alabama, represents a growing wave of historical attractions aiming to look squarely at American history. (Slate)
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