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Black MBA NetWire
arrows September 12, 2019
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Alexandra Levit was a high-achieving college student who almost got fired two times before she was sent to leadership training by a manager who believed in her. Now the author of "They Don't Teach Corporate in College" offers some tips based on what she has learned while building a succesful consulting business. (Fast Company)
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It's evident that algorithms are becoming more and more important in the workplace, helping with everything  from sorting resumes to determing raises. But what if you're one of those companies that doesn't have that type of technology to help out? How do you determine who will quit, or why? Analyst and researcher John Christiansen has identified eith common leadership mistakes that can help you understand what you're doing that may be making employees quit. (Harvard Business Review)
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Based on August job statistics from the Bureau of Labor and Statistics released late last week, black unemployment fell to 5.5%, the lowest rate recorded since the Labor Department began keeping the numbers in the 1970s. (Black Enterprise)
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Career
It's not like you should be expected to agree on everythng with the people you work with, but it's nice if you can at least find a way to peacefully coexist. But it's not surprising if you're having some friction with coworkers these days. Because of the highly-politicized nature of American politics right now, more people are watching what they say at work. A recent Monster poll showed that 28% of respondents actively avoid politics at work. Here are some tips to help you keep peace in the work enviroment. (MONSTER)
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Lockheed Martin
Diversity in the Workplace
In 2017, middle-income white households had eight times as much wealth ($86,100) as middle-income black households ($11,000), and 10 times as much wealth as middle-income Latinx households ($8,600). Public policy decisions have played a key role in forming these inequities, and therefore, must be an integral part of the solution. One place to start is with the hiring practices that result in racially inequitable outcomes for people of color. These include automatically excluding applicants based on their criminal history, performing credit score checks, and imposing unnecessary degree requirements. (Fortune)
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A McKinsey study shows that companies in the top quartile for gender diversity on executive teams were 21%more likely to outperform on profitability and 27% more likely to have superior value creation. Diverse companies are more profitable and grow faster, research shows. Artificial intelligence may help companies get there, but they should proceed carefully. (BizTech)
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International
As its pilots prepared to strike for the first time ever, British Airways canceled almost all of its flights for the remainder of the week – a labor dispute that could cost the company $98 million. (Fortune)
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The International Energy Agency (IEA) says booming shale production has helped the United States to close in on, and briefly overtake, Saudi Arabia as the world’s top oil exporter. (CNBC)
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Education
President Donald Trump announced earlier this week that faith-based historically black colleges and universities will now be allowed to access federal funding for capital projects. Previously schools with a religious affiliation were restricted from accessing those funds. (U.S. News & World Report)
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NBMBAA

The 41st Annual NBMBAA® Conference & Exposition convenes our members, corporate and university partners, and some of the world’s most sought after thought leaders at the George R. Brown Convention Center for a week of exploration in the areas of education, leadership, career opportunities, and networking connections that enable professional development. More than 10,000 professionals will travel to Houston this September to gain access to opportunities that only our national conference can offer. Will you be one of them?
 
Register Now

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Technology
The knock on Apple's upcoming streaming service so far has been that the company doesn't really have a lot of content to offer. That's why Apple's announcement earlier this week to give the service to everyone who purchases a new iPhone, iPad or Mac may turn out to be huge for the new service. Apple can afford to play the long game, which is what makes it a real threat to Netflix. (Inc.)
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Entrepreneurship
According to a study by Harvard Business Review, 25 percent of entrepreneurs feel moderately burned out at some point in their careers. Anxiety, panic attacks, sudden outbursts, complete utter exhaustion and stress within your home life are just a few of the most common side effects entrepreneurs report feeling when they reach burnout. Entrepreneur Aimee Tariq offers some timps on identifying burnout and how to avoid it when you're running your own business. (Entrepreneur)
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The Economy
The surge of minority women getting jobs has helped push the U.S. workforce across a historic threshold. For the first time, most new hires of prime working age (25 to 54) are people of color, according to a Washington Post analysis of data the Labor Department began collecting in the 1970s. Minority hires overtook white hires last year. (The Washington Post)
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The U.S. could be issuing 50-year bonds as soon as next year as the government looks for cheaper and longer-term ways to finance its burgeoning debt load, Treasury Secretary Steven Mnuchin told CNBC today. The conversation comes on the heels of comments from President Donald Trump about the possibility of refinancing the nation's debt load. (CNBC)
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Personal Finance
The national average credit score has hit an all-time high of 706, according to FICO. Since reaching a bottom of 686 in October 2009 during the Great Recession, the national average FICO score has been steadily increasing. Several factors have led to the increase including: the U.S. economic recovery, consumer credit educational efforts and more due diligence by the credit bureaus that has led to certain accounts in collections being removed from people’s credit files. (The Washington Post)
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Lifestyle
Joan Johnson, the woman who along with her husband started the pioneering black hair care company –Johnson Products Company – died last week in Chicago. She was 89. The company was known for its iconic products including Ultra Sheen and Afro Sheen. (CNN)
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