
Top News
So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast to persuade the world that their desire to preserve the euro is greater than the markets’ ability to bet against it, the single currency faces ruin. (The Economist)
Visit http://www.economist.com/node/21529049 to view the full article online.
Here's a startling figure: The typical white family has 20 times the wealth of the median black family. That's the largest gap in 25 years. The recession widened the racial wealth gap, but experts say it's also due to deeply ingrained differences in things such as inheritance, home ownership, taxes and even expectations. (NPR)
Visit http://www.npr.org/2011/09/15/140428359/making-it-in-the-u-s-more-than-just-hard-work to view the full article online.
International
Western multinationals such as Xerox and GE are embracing polycentric innovation by sourcing more R&D capabilities from emerging markets such as India and China and integrating them into a synergistic global innovation network. In recent years, Indian firms such as Dr Reddy's have also started globalizing their R&D footprint by moving into Western markets. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2011/09/indian_firms_plug_into_the_glo.html to view the full article online.
UBS said on Thursday that a rogue trader in its investment bank had lost $2 billion, delivering a fresh blow to the beleaguered Swiss bank. The police in London have arrested a European equities trader, Kweku Adoboli, in connection with the case, according to a person with direct knowledge of the situation who was not authorized to speak publicly. (New York Times)
Visit http://dealbook.nytimes.com/2011/09/15/ubs-reports-2-billion-loss-to-rogue-trader/?ref=business to view the full article online.
Education
Thinking of applying to business school? Now may be a good time. Applications for two-year, full-time M.B.A. programs that start this fall dropped an average of 9.9% from a year earlier, according to new data from the Graduate Management Admission Council, which administers the Graduate Management Admission Test. The decline marks the third year in a row that applications have fallen. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424053111903532804576566611053380594.html?mod=WSJ_Careers_CareerJournal_4 to view the full article online.
NBMBAA
It's almost here and there's still time to attend. Register for the NBMBAA 33rd Annual Conference and Exposition, October 4-8 in Atlanta, GA and take advantage of the unparalleled education, career and networking opportunities of this can't-miss event.
Visit http://www.nbmbaaconference2011.org to view the full article online.
Technology
One reason Apple's iPad continues to dominate the tablet market after 17 months may be that all the main competitors look like imitations but don't deliver as good an experience. They are typically flat slabs, like the iPad, priced about the same or more, but with many fewer apps, shorter battery life, usually greater weight and thickness and a weaker ecosystem for music, video, books and magazines. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424053111903927204576570684217745772.html to view the full article online.
Netflix is losing more than it expected from the backlash over its recent price hike. The company is revising its third-quarter projected U.S. subscriber numbers downward from 25 million to 24 million, according to a letter to shareholders on Thursday. (Wired)
Visit http://www.wired.com/epicenter/2011/09/netflix-jump-too-soon/ to view the full article online.
Entrepreneurship
When you select a pricing strategy ‐ that is, decide how you wish to price your products or services ‐ what is your goal? The first answer that comes to mind may be to maximize profits, but that isn't a good enough answer. (Entrepreneur)
Visit http://www.entrepreneur.com/article/220211 to view the full article online.
Personal Finance
Of the 1.4 billion credit card solicitations mailed in the first quarter of this year, 80% were for cards with rewards programs, according to Mintel, a market-research firm. Issuers are even dangling cash bonuses to entice you to sign up or use their cards. Kiplinger's
Visit http://www.kiplinger.com/slideshow/best-rewards-credit-cards/1.html to view the full article online.
Government
President Obama anticipated Republican resistance to his jobs program, but he is now meeting increasing pushback from his own party. Many Congressional Democrats, smarting from the fallout over the 2009 stimulus bill, say there is little chance they will be able to support the bill as a single entity, citing an array of elements they cannot abide. (New York Times)
Visit http://www.nytimes.com/2011/09/15/us/politics/democrats-in-congress-balking-at-obamas-jobs-bill.html to view the full article online.
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