
Top News
After six months of coping with stop-gap funding measures, federal agencies have quietly started instituting hiring freezes, withholding grants and curtailing work on critical projects. The uncertainty caused by Congress' inability to pass a budget cuts across many corners of the government. (CNN/Money)
Visit http://money.cnn.com/2011/03/24/news/economy/budget_federal_agencies/index.htm to view the full article online.
Companies never want to see their merger talks leak, but AT&T Inc. was especially concerned. The former Baby Bell, which built itself up through a decade of acquisitions into the country's largest telecommunications company, was planning to buy T-Mobile USA, a deal that would test its skilled regulatory team in Washington. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052748704355304576215012309574044.html to view the full article online.
There is considerable buzz in the marketing industry over the recent release of the 2010 Census' racial and ethnic data – most loudly, among multicultural advertising agencies. And on the other side of the boardroom table, advertisers are undoubtedly reading and listening to various interpretations of what this means for their businesses.
Visit http://adage.com/article/cmo-strategy/brands-adapt-majority-marketplace/149507/ to view the full article online.
Career
A series of studies in the burgeoning field of behavioral economics provide some insight into why managers seem to prefer handing out pink slips rather than lowering salaries. In experiments where workers were randomly assigned to receive wage cuts, they retaliated by slacking off. (Slate)
Visit http://www.slate.com/id/2288377/ to view the full article online.
International
After the EU, US, and China, Japan has the fourth largest economy in the world. Japanese industry provides many of the high-tech systems that are essential for producing relatively low-tech products such as automobiles. Already the US computer industry is being affected by shortages of vital parts manufactured in Japan. (FXStreet.com)
Visit http://www.fxstreet.com/fundamental/analysis-reports/economic-commentary/2011/03/24/ to view the full article online.
Technology
Big consumer-products companies are going back to school. Businesses including Sprint Nextel Corp., Levi Strauss & Co. and Mattel Inc. are sponsoring college classes and graduate-level research to get help with their online marketing from the young and hyperconnected. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052748704476604576158643370380186.html to view the full article online.
Entrepreneurship
Is funding your startup with your retirement savings ill-advised or smart investing? Taking an early withdrawal from your retirement funds is not for the faint of heart. (Entrepreneur)
Visit http://www.entrepreneur.com/article/219379 to view the full article online.
The Economy
As the U.S. economy recovers from the recent recession, so is charitable giving. In 2010, 43% of charities reported more contributions than in 2009, according to a survey (.pdf) conducted by the Nonprofit Research Collaborative ("NRC"). Of the charities surveyed, 24% reported approximately the same level of giving, while 33% reported a decline. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2011/03/charitable-giving-improved-in-2010/72899/ to view the full article online.
Leadership
The annals of business history are full of tales of companies that once dominated their industries but fell into decline. The usual reasons offered – staying too close to existing customers, a myopic focus on short-term financial performance, and an inability to adapt business models to disruptive innovation – don’t fully explain how the leaders who had steered these firms to greatness lost their touch. (Harvard Business Review)
Visit http://hbr.org/2011/04/why-leaders-dont-learn-from-success/ar/1 to view the full article online.
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