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Black MBA NetWire
arrows December 13, 2019
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Building business credit plays a crucial role in your company’s funding ability. Whether you operate as a limited liability company or corporation, your business has the ability to establish a credit file separate from you as an individual. (U.S. Small Business Administration)
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Corporate America needs to awaken to the challenges faced by black professionals, according to a new study recently published by nonprofit think tank the Center for Talent Innovation (CTI). In the workplace, black professionals are more likely to encounter prejudice and microaggressions than any other racial or ethnic group. (Center for Talent Innovation)
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After a long, hard year it's easy to view the upcoming holiday party as a chance to unwind and get loose with colleagues. But before you don your most festive attire and start lining up shots at the bar, think about five opportunities you can kiss goodbye if you have one too many. (The Muse)
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Career
When you’re juggling meetings, conference calls, and an overflowing inbox, it can be hard to make time for what’s actually important. Here’s what the experts say are the real remedies for making time for what matters most. (Fast Company)
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Let's face it; thinking about buying gifts for coworkers can be an awful lot of stress. A LinkedIn survey found that 31% of employees say they feel they have to add co-workers to their gift-giving lists, and 40% wish their company would say gift-giving is off-limits. Here are some ideas of what you might - and definitely don't - buy for colleagues. (USA TODAY)
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Lockheed Martin
Diversity in the Workplace
Despite decades of work on diversity in corporate America, progress has been limited and has even reversed at the executive level: Today there are only four black Fortune 500 CEOs, a drop from seven less than a decade ago. All of them are men. (Forbes)
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The University of Kansas has created a new graduate degree to help students acquire the skills to lead and develop diversity efforts in their workplace and other organizations. A new master’s degree in Leadership in Diversity and Inclusion is being offered through the College of Liberal Arts & Sciences. The program is designed to offer graduate students and working professionals the tools and techniques to better navigate leadership opportunities within the context of social diversity and equity in the United States. (The University of Kansas)
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International
Applications for full-time MBA students have declined, but there is an even more pressing concern for U.S. Business Schools: overseas applications are down to 48 percent of all the U.S. MBA programs in 2019, according to the Graduate Management Admission Council. (Financial Times)
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Britain's Conservatives win their biggest majority since the 1980s, hailing a mandate to take the UK out of the EU. (BBC)
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Education
An Ole Miss senior is making history as the university’s first African-American female Rhodes Scholar. Arielle Hudson is an education major at Ole Miss and has been selected as one of 32 candidates from across the U.S. to participate in the prestigious global program at the University of Oxford in the UK. She is also known for her efforts to relocate a confederate monument on campus. (WLBT)
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The Aspen Institute, a nonprofit think tank, has recognized 10 university courses and faculty redefining business education with its 2019 Ideas Worth Teaching Award. (Quartz)
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Technology
Congresswoman Abigail Spanberger has co-sponsored the 21st Century STEM for Girls and Underrepresented Minorities Act, which was introduced by Rep. Joyce Beatty (D-Ohio-03) this week. The legislation in the U.S. House aims to help school districts engage girls, young women and minority students in science, technology, engineering and mathematics fields. (WCAV)
 
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Entrepreneurship
When longtime friends Harrison Beacher, Ryan Butler and Keith James decided to merge together to form their Washington, DC-based real estate firm Coalition Properties Group (CPG), they had no way of knowing how successful it would become – so quickly. They have yet to reach their first year together as business partners and they're already on track to reach $100 million in sales. (blackbusiness.com)
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Known as the Credit Bros., Christopher Watson and Aaron Steede founded a company in 2019 that has already helped more than 50 families become homeowners. (Black Enterprise)
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The Economy
The U.S. has agreed on a major trade deal, the revised NAFTA effort that is now the U.S.-Mexico-Canada Agreement. The deal is an updated version of the 1994 North American Free Trade Agreement that eliminated nearly all tariffs on goods traded between the three nations. USMCA made two big revisions to the prior agreement. (The Washington Post)
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The Fed left the benchmark interest rate unchanged Wednesday. The current rate is allowed to fluctuate between 1.5 and 1.75 percent. A lower interest rate makes it cheaper to borrow money to buy a home and car or to start a business. It also means savers get less in monthly interest on the money they keep in savings accounts at banks. (The Washington Post)
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Personal Finance
It's not unusual for people to find themselves dipping into their savings accounts this time of year because inevitably they have overspent buying gifts for friends and family during the holidays. To keep on track here are six things to avoid during the holiday season. (USA TODAY)
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Government
The head of the Federal Aviation Administration said this week that the Boeing 737 Max, which was grounded worldwide last March after two fatal crashes that killed 346 people, will not be approved to fly again before the end of the year. (CNN)
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