
Top News
The European Union has drastically cut its growth forecast for the eurozone in 2012, from 1.8% down to just 0.5%. The low growth makes it harder for Europe to escape its debt crisis, with Italy's position seen as unsustainable. (BBC News)
Visit http://www.bbc.co.uk/news/business-15669197 to view the full article online.
Apple used 49,400 employees to generate revenues of $65 billion in 2010. Its outsourcing partner, Chinese Foxconn, employed nearly a million people for $59 billion in the same year. In the U.S., Apple focuses on creating high-paying jobs while it outsources the low-paying ones to Asia. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2011/11/the_weakest_link_in_the_us_eco.html to view the full article online.
Diversity in the Workplace
Unlike an earthquake, a demographic disaster does not strike without warning. Japan’s population of 127m is predicted to fall to 90m by 2050. As recently as 1990, working-age Japanese outnumbered children and the elderly by seven to three. By 2050 the ratio will be one to one. As Japan grows old and feeble, where will its companies find dynamic, energetic workers? (The Economist)
Visit http://www.economist.com/node/21536543 to view the full article online.
International
First-time visitors to Havana immediately notice two things about the city: the graceful architecture of its buildings, and the fact that so many of them are in ruins. But walking through the crumbling Centro Habana neighborhood this week, there was another sight: homeowners beating back the decay on nearly every block. That's because a new law takes effect Thursday allowing Cubans to buy and sell residential property for the first time in 50 years. (NPR)
Visit http://www.npr.org/2011/11/10/142212426/in-cuba-door-opens-to-residential-property-market to view the full article online.
Education
Business school applications are going high tech. Slowly, the 2.0 version of MBA admissions is arriving. Utilizing everything from social media to video, business schools are seeking new ways to get to know applicants. The goal, say admissions committee members, is to discover the true personality of the people they are considering for their classes. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/business-schools/mba-admissions-20-technology-makes-inroads-11072011.html to view the full article online.
NBMBAA
Revisit all the great moments at the NBMBAA® 33rd Annual Conference & Exposition in Atlanta – from John Legend, to the Career Expo to MBA Live and the Friday Night Soul Suite with Musiq Soulchild!
Visit http://www.nbmbaa.org/Media/Photogallery/Default.aspx to view the full article online.
Technology
In an abrupt about-face in its mobile software strategy, Adobe will soon cease developing its Flash Player plug-in for mobile browsers. Adobe said it would abandon mobile flash development, nudge developers to the Adobe Air platform and wholeheartedly back what had been a rival approach – HTML5. (Wired)
Visit http://www.wired.com/gadgetlab/2011/11/adobe-kills-mobile-flash/ to view the full article online.
Entrepreneurship
Whenever someone asks me to be their friend on Facebook, I’m flattered. Who would have thought so many people like me? Then I realize why: the act of friending simulates the ultimate act of opting into a conversation. No wonder so many brands are obsessed with converting you into one of their "friends" or "fans." (Fast Company)
Visit http://www.fastcompany.com/1794092/for-brands-on-facebook-fan-quality-trumps-quantity to view the full article online.
Government
The most honest answer is: It depends. There are certainly some programs that effectively usher workers into jobs. Take "Georgia Work$," which the Obama administration used as inspiration for one of its retraining proposals. It matches potential employees with local businesses for on-the-job training. (Slate)
Visit http://hive.slate.com/hive/invent-your-future/article/does-job-retraining-work to view the full article online.
Lifestyle
According to Census data, 5.9 million Americans between 25 and 34 years of age – nearly a quarter of whom have bachelor's degrees – live with their parents, a significant increase from 4.7 million before the recession. But many parents can't afford the extra expense. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052970203537304577028001724067184.html to view the full article online.
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