
Top News
The landmark spending bill approved by Congress on Thursday is a first step toward reversing years of steady growth in domestic appropriations and sets the stage for still more difficult budget fights this spring that will sorely test the same bipartisan coalition. (Politico)
Visit http://www.politico.com/news/stories/0411/53204.html to view the full article online.
The mad dash to the finish could cause extra problems this year because of the feds’ push for electronic filing. E-filing is now mandatory for accounting firms that do at least 100 returns a year, and there’s no precedent for how the government’s e-filing system will do under pressure. If you’re among those who are just now struggling through your taxes, here’s a quick guide to the things you need to know now. (MSN Money)
Visit http://money.msn.com/tax-tips/post.aspx?post=ee3b0149-faeb-4f84-b961-b2c684f918ac to view the full article online.
International
Opening up India’s chaotic, underdeveloped retailing industry to foreign supermarket chains would bring many benefits. (The Economist)
Visit http://www.economist.com/node/18560587 to view the full article online.
Education
It is right that MBA students learn how to distil complex business problems into their basic components, says Markus Reitzig, a strategy professor at London Business School. But, as the Fukushima disaster tragically illustrates, there is a downside: the danger of "overconfident oversimplification." (The Economist)
Visit http://www.economist.com/node/21017743 to view the full article online.
The Economy
Commodities prices are surging – from oil to cotton to grains to gold. These higher costs pose challenges for companies in industries like apparel, food retailing and appliances as they try to pass on price increases without alienating consumers still weary from a recession and the threat posed by high unemployment. (Knowledge@Wharton)
Visit http://knowledge.wharton.upenn.edu/article.cfm?articleid=2750 to view the full article online.
Personal Finance
We all may not be millionaires but there are plenty of financial and life-planning secrets we can learn from the well-heeled. Most people know that wealth in the U.S. is in the hands of a small percentage of the total population. And, today, most of those folks with a net worth of $1 million or more have earned it themselves. (MarketWatch)
Visit http://www.marketwatch.com/story/wealth-is-what-you-save-not-what-you-spend-2011-04-14 to view the full article online.
Government
Suppose Congress fails to raise the national debt ceiling before the federal government reaches the current limit of $14.294 trillion, which is expected sometime around May 16. How bad would it be? Treasury Secretary Timothy F. Geithner, who is paid to worry about these things, says he has a few emergency measures at his disposal. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/magazine/content/11_17/b4225006049043.htm to view the full article online.
Leadership
When the theory of emotional intelligence at work began to receive widespread attention, we frequently heard executives say—in the same breath, mind you—"That’s incredible," and, "Well, I’ve known that all along." They were responding to our research that showed an incontrovertible link between an executive’s emotional maturity, exemplified by such capabilities as self-awareness and empathy, and his or her financial performance. Simply put, the research showed that "good guys" — that is, emotionally intelligent men and women — finish first. (Harvard Business Review)
Visit http://hbr.org/2001/12/primal-leadership/ar/1 to view the full article online.
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