
Top News
The darkest spot in the dark economy? Skills-corroding, poverty-inducing, long-term joblessness. The average duration of unemployment has climbed to record highs, and about 44 percent of jobless workers have not had a job in six months. (Slate)
Visit http://www.slate.com/id/2302132/ to view the full article online.
Career
Unemployment in the African American community continues to hover devastating highs with a reported 16.2% unemployment. It is time for action on the most important issue of our time – economic opportunity, jobs! Members of the Congressional Black Caucus will travel the country for the CBC’s For the People Jobs Initiative. Look for us in Los Angeles, August 30-31.
Visit http://thecongressionalblackcaucus.com/issues/jobs-initiative/ to view the full article online.
Are you getting whiplash from following the stock market the past couple of weeks? You're not alone. Few people are having much fun on this roller coaster ride. You may feel particularly powerless as your organization's future begins to seem more perilous. But there are three actions you can take to exert power over your own work life. They may not only improve how you feel; they may also boost your chances of keeping your job. (Harvard Business Review)
Visit http://blogs.hbr.org/hbsfaculty/2011/08/how-keep-job-downturn.html to view the full article online.
Education
In April 2011, a woman received one of the most important letters of her life, announcing her acceptance to one of the world’s top five MBA programs. She popped open a bottle of champagne and celebrated with her family and boyfriend. Then, she looked at the price tag. To attend, she’d need to shell out a jaw-dropping $150,000-plus to cover tuition, fees, food and housing. All the while, missing out on two years of steady paychecks. (Poets and Quants)
Visit http://poetsandquants.com/2011/08/19/an-mba-vows-to-graduate-without-any-debt/ to view the full article online.
NBMBAA
Join us for a day of golf and fun Saturday, October 8, during the National Black Masters Golf Tournament at the NBMBAA 33rd Annual Conference & Exposition in Atlanta, GA. This event, benefiting the Leaders of Tomorrow® program, begins at 10am with a four person scramble with many challenges followed by an award reception. A DJ and celebrity sightings make this a can't-miss end to Conference.
Visit http://www.nbmbaaconference2011.org to view the full article online.
Entrepreneurship
Although it may still be a few months before Google allows businesses to create branded profiles on Google+, social media expert Chris Brogan is convinced the new network will be a powerful tool for business owners to connect with customers online. (Entrepreneur)
Visit http://www.entrepreneur.com/article/220184 to view the full article online.
Corporate America
As Steve Jobs used his creative genius and vision to conceive and design blockbuster products like the iMac, iPhone and iPad, Cook's considerable operational skills were focused on making sure that Apple could build millions of those products and deliver them to every corner of the world to meet customers' seemingly insatiable demand. (Fortune)
Visit http://tech.fortune.cnn.com/2011/08/25/tim-cook-ceo-apple-steve-jobs/ to view the full article online.
Behold the power of Buffett! With a $5 billion investment which will pay him $300 million per year in perpetuity, Warren Buffett has managed to boost the share value of Berkshire Hathaway by something north of $12 billion. Oh, and Buffett also gets a massive free option on BofA stock — the right to buy 700 million shares at $7.14 apiece, at any point over the next decade. If exercised, that would give him 7% of the company. (Reuters)
Visit http://blogs.reuters.com/felix-salmon/2011/08/25/warren-buffetts-magical-fairy-dust-lands-on-bofa/ to view the full article online.
Government
It has been, in certain respects, a difficult year for Clarence Thomas. In January, he was compelled to amend several years of the financial-disclosure forms that Supreme Court Justices must file each year. Thomas had failed to note that his wife, Virginia, who is known as Ginni, worked as a representative for a Michigan college and at the Heritage Foundation. The following month, seventy-four members of Congress called on Thomas to recuse himself from any legal challenges to President Obama’s health-care reform, because his wife has been an outspoken opponent of the law. (The New Yorker)
Visit http://www.newyorker.com/reporting/2011/08/29/110829fa_fact_toobin to view the full article online.
Lifestyle
Buckle up: The government’s new airline rules for passengers finally came into effect this week, but passengers must wait until January of next year for several new consumer protections, including those that require airlines to incorporate all taxes and fees in advertised fares, ban airlines from making post-purchase price increases and those that require airlines to notify passengers of delays of over 30 minutes, as well as cancellations and diversions. (SmartMoney)
Visit http://blogs.smartmoney.com/paydirt/2011/08/24/new-airline-rules-more-delays-for-passengers/?link=SM_hp_spend to view the full article online.
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