
Top News
President Obama will nominate his White House chief of staff, Jacob "Jack" Lew, to be the next U.S. Treasury Secretary, a source with knowledge of the nomination tells CNN. The nomination is expected to be announced this week. Lew, 57, has been the leading candidate for months and would be the second Treasury Secretary during the Obama administration. (CNN/Money)
Visit http://money.cnn.com/2013/01/09/news/economy/obama-treasury-lew/index.html?iid=Lead to view the full article online.
How does he find time to meet with 10 customers a week and make his yearly quota in the first quarter?, a salesman wonders about his top producing coworker. I can barely find time to have five appointments a week and get all my paperwork done correctly and turned in on time. Here's the secret: Your colleagues that zoom ahead of you with seemingly less effort have learned to recognize and excel in what really counts – and to aim for less than perfect in everything else. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2013/01/how_to_allocate_your_time_and.html to view the full article online.
NBMBAA Appoints Jesse J. Tyson as Interim President and CEO
The National Black MBA Association, Inc, (NBMBAA®) today announced the appointment of Jesse J. Tyson as Interim President & Chief Executive Officer. Tyson will provide the day-to-day oversight of the Association, effective January 3, 2013.
"We welcome Jesse’s extensive global business and marketing experience to the Association," said Audrey Dillard Hines, chairman of the NBMBAA Board of Directors. "He will play an integral role as we continue to provide the best programming, training and career development to our members and students, providing them the resources, tools and interaction with experts needed to enhance their career paths."
Read the Full Press Release
Career
John Nottingham says he was planning to hire a new design manager eventually. But when he heard a talented fellow alumnus of his design school was looking for a job, he wasted no time: He created an opening and hired the man right away. Under normal circumstances, Mr. Nottingham, co-president of product design and engineering firm Nottingham Spirk, might have posted the opening on the Cleveland-based company's website or LinkedIn page. But in this case, he says, he couldn't afford to wait. (The Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424127887323706704578229661268628432.html?mod=WSJ_Careers_CareerJournal_3 to view the full article online.
Lots of articles describe how to create a more marketable LinkedIn profile, how to find the right groups to join, how to choose the best profile photo... I should know, I've written about that. Oh, and that. Yep, and that too. Since most people understand the value of taking those steps, let's go deeper. To really harness the power of LinkedIn, don't make these mistakes. (Inc.)
Visit http://www.inc.com/jeff-haden/9-mistakes-youre-making-on-linkedin.html?nav=pop to view the full article online.
International
Given investors' confidence in its sovereign debt, and its image as Germany's principal partner in the sturdy, sensible "northern" eurozone, you'd think that France endures as the co-guardian of the endangered single currency. Indeed, the rate on France's ten-year government bonds stands at just 2%, just a few ticks above Germany's. From a quick look at the headline numbers, France doesn't appear nearly as stressed as the derisively titled "PIIGS," Portugal, Ireland, Italy, Greece and Spain. (Fortune)
Visit http://finance.fortune.cnn.com/2013/01/09/france-economy-crisis/ to view the full article online.
Ten of the UK's leading business figures have warned David Cameron not to put membership of the European Union "at risk" in negotiations over the country's relationship with Brussels. The prime minister has said the UK is "perfectly entitled" to demand change. (BBC News)
Visit http://www.bbc.co.uk/news/uk-politics-20956130 to view the full article online.
Technology
Late December is a time of spring cleaning for many people, and that can mean clearing out the Email inbox: weed out messages that no longer need action, reply to ones that have been hanging around, file others to reference later. For some people, though, striving for a perpetual state of an empty inbox is an ongoing habit – or at least an ongoing effort. (MIT/Sloan Management Review)
Visit http://sloanreview.mit.edu/improvisations/2012/12/27/inbox-zero-is-it-worth-the-effort/#.UO2bDKwk6So to view the full article online.
Entrepreneurship
Jia Jiang's project, 100 Days of Rejection Therapy, is based on the idea that once you’re used to the strange looks, rude comments, and outright dismissal of every thing you’re trying to achieve, you’ll be able to overcome whatever makes you nervous: speaking in public, asking a woman out, or – in Jiang’s case – seeking funding for your tech startup. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2013-01-07/rejection-therapy-a-hundred-days-of-no#r=hpt-ls to view the full article online.
Too often, entrepreneurs fail to pay adequate attention to their personal finances, which often are interconnected with their business. Here are six financial issues you might not have on your radar, but should keep in mind. (Entrepreneur)
Visit http://www.entrepreneur.com/article/225377# to view the full article online.
The Economy
You can see why many Americans are opposed to raising revenue in an effort to close the budget gap. They don't like the things they believe their money is buying. Fortunately, as the economy recovers, their money is buying less of these things. In fact most of the story behind America's recent string of large deficits is slump-related, a result of lower tax revenues due to the underperforming economy, and increased spending on things like unemployment insurance, food stamps and Medicaid. (The Economist)
Visit http://www.economist.com/blogs/democracyinamerica/2013/01/americas-fiscal-challenges to view the full article online.
Time was that a Swiss bank account was synonymous with confidentiality and keeping assets from prying eyes. No more. Last week, Switzerland's oldest bank, Wegelin & Co., pleaded guilty in a New York court to helping Americans hide $1.2 billion from the Internal Revenue Service over a decade-long period. Wegelin's plea, and a $57.8 million fine, forced the bank to shut its doors. (Bloomberg/Businessweek)
Visit http://www.npr.org/2013/01/08/168870692/havens-are-turning-hellish-for-tax-avoiders to view the full article online.
Personal Finance
Most retirees and those saving for retirement can relax slightly now that Congress has passed the American Taxpayer Relief Act of 2012 or ATRA – the compromise bill designed to avert the fiscal cliff. Discussion of that law, which President Obama signed late Wednesday, has focused mostly on taxes, many of which will rise for the wealthiest 1% of Americans. (MarketWatch)
Visit http://www.marketwatch.com/story/after-the-cliff-roths-munis-diversification-2013-01-04 to view the full article online.
Corporate America
January in retail is a little bit like the off-season of a professional sports league. Teams dust themselves off from the grueling holiday season playoffs, evaluate their coaching staffs, and assess the balance of power in their divisions. In this month’s period of exhausted self-reflection, one of the industry’s broad conclusions is clear: Amazon.com is on its way to establishing a dangerous dynasty. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2013-01-08/amazons-jeff-bezos-doesnt-care-about-profit-margins#r=hpt-ls to view the full article online.
Government
n the many years I’ve spent scrutinizing monetary policy, I had never devoted more than a thought to coins. In the scheme of all things monetary, they seemed, well, pocket change. Needless to say, the prospect of the Treasury issuing a $1 trillion platinum coin to circumvent the debt ceiling changes that. (The Economist)
Visit http://www.economist.com/blogs/freeexchange/2013/01/economics-platinum-coin-option to view the full article online.
Leadership
Breaking down functional silos is key to everything from encouraging communication to building valuable connections to sparking innovation. But, as we all know, bridging interdepartmental chasms is far easier said than done. Fortunately, some companies are starting to come up with creative solutions. Take, for example, Lunch Roulette, a new concept being used at the U.S. arm of pharmaceuticals manufacturer Boehringer Ingelheim (BIPI). (Harvard Business Review)
Visit http://blogs.hbr.org/hbr/hewlett/2013/01/a_new_way_to_network_inside_yo.html to view the full article online.
Lifestyle
If one too many surprising holiday credit card charges has you sweating, it's time for a chat with your spouse. Beware: As Deborah Price, author of The Heart of Money: A Couple's Guide to Creating True Financial Intimacy, puts it, "Money is an area where we're prone to being irrational, illogical, and overly emotional." (CNN/Money)
Visit http://money.cnn.com/2013/01/07/news/overspending-spouse.moneymag/index.html?iid=SF_M_River to view the full article online.
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