
Top News
It was widely anticipated, and it is widely suspected of being folly. Today, NASDAQ OMX and IntercontinentalExchange (ICE) jointly launched an unsolicited takeover bid for NYSE Euronext, which runs the New York Stock Exchange, a big derivatives market and various European bourses. (The Economist)
Visit http://www.economist.com/blogs/schumpeter/2011/04/exchange_mergers to view the full article online.
Diversity in the Workplace
International
Last year Iceland’s volcanic ash disrupted air transport across Europe and gave the world’s manufacturing supply chain one of its biggest tests since the advent of the low-inventory, just-in-time era. Now, Japan’s quadruple disaster – earthquake, tsunami, nuclear alert and power shortages ndash; has put the supply chain under far greater stress. Three weeks after the massive quake, the extent and likely duration of the disruption are still unclear. (The Economist)
Visit http://www.economist.com/node/18486015 to view the full article online.
It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world's most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny. (CNN International)
Visit http://edition.cnn.com/2011/BUSINESS/03/23/microfinance.africa.lessons/index.html to view the full article online.
Entrepreneurship
Over the last decade we assumed that once we found repeatable methodologies (Agile and Customer Development, Business Model Design) to build early stage ventures, entrepreneurship would become a "science," and anyone could do it. I'm beginning to suspect this assumption may be wrong. (Fast Company)
Visit http://www.fastcompany.com/1743870/entrepreneurship-is-an-art-not-a-job to view the full article online.
Representatives of some of the largest companies in the world testified that the new patent reform bill will enhance job creation in America. Yet the one and only group that actually creates all new job growth in the U.S. and could challenge those claims – i.e., startup entrepreneurs and small businesses – was not invited to speak. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2011/03/playing_a_dangerous_game_with.html to view the full article online.
Personal Finance
After years of shrinking credit limits, rising rates and new fees, not to mention government legislation, credit card users have every reason to question the value of the plastic in their wallets. And now that the dust has settled, many may find their current credit cards aren't as good as they could be. (SmartMoney)
Visit http://www.smartmoney.com/spending/deals/the-new-best-credit-cards-1301520786753/ to view the full article online.
Leadership
Bonuses and stock options often improve performance. But they can also lead to unethical behavior, fuel turnover and foster envy and discontent. In this opinion piece, Wharton management professors Adam Grant and Jitendra Singh argue that it is time to cut back on money as a chief motivational force in business. (Knowledge@Wharton)
Visit http://knowledge.wharton.upenn.edu/article.cfm?articleid=2741 to view the full article online.
Lifestyle
After a season of record snowfalls and lengthy cold spells in many parts of the country, homeowners are finding their houses and landscapes unusually battered. Blizzards, wind and errant snowplows have conspired to make this spring one of long recovery, leading to an early sales uptick for the yard and home-repair industry. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052748704471904576230500999669500.html to view the full article online.
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