
Top News
We're going to need a bigger acronym. In the beginning, it was just the "Greek debt crisis". Then markets realized Portugal, Ireland, Italy, and Spain were in bad shape too, and the PIIGS (or GIIPS) were born. But now Cyprus and Slovenia have run into trouble as well, giving us the ... SIC(K) PIGS? At this rate, we're going to have to buy a vowel soon, assuming Estonia doesn't end up needing a bailout. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2013/03/why-the-euro-is-doomed-in-4-steps/274470/ to view the full article online.
Cyprus has agreed to a set of measures that will release a 10bn-euro (£8.5bn; $12.8bn) international bailout. The International Monetary Fund (IMF), which is contributing 1bn euros, says they are "challenging" and will require "great efforts" from its population. (BBC News)
Visit http://www.bbc.co.uk/news/business-22014500 to view the full article online.
"I don’t know what we’d do without him!" That’s what an executive in a Fortune 100 company recently told us about a brilliant project leader. We’ve heard the same sentiment expressed about many highly skilled specialists during the hundred-plus interviews we’ve conducted as part of our research into knowledge use and sharing. In organizations large and small, including NASA, the U.S. Forest Service, SAP, and Raytheon, managers spoke of their dependence on colleagues who have "deep smarts" – business-critical expertise, built up through years of experience, which helps them make wise, swift decisions about both strategy and tactics. (Harvard Business Review)
Visit http://hbr.org/2013/04/make-yourself-an-expert/ar/1 to view the full article online.
Career
If stress on the job is making it hard to stay motivated and productive, you might have considered quitting and just starting fresh somewhere else. Unfortunately, leaving a job isn’t so easy. In today’s economy, it’s becoming increasingly difficult to make a career change and find that job of your dreams. Still, you do have some options when you think you can’t take one more day at your job. (Ebony)
Visit http://www.ebony.com/career-finance/8-ways-to-deal-with-job-related-stress-999#axzz2PVRM9jjL to view the full article online.
Diversity in the Workplace
Technology
During a single week in late 2008, Bhavesh Chauhan, a software engineer in Hyderabad, India, received four emails with missing attachments. Wanting to end such embarrassments, he used free time to code an Outlook extension that scanned emails for words indicating an attachment. If nothing was attached, an alert would pop up. (Fast Company)
Visit http://www.fastcompany.com/magazine/174/fixing-microsoft-outlook-attachment-issues to view the full article online.
ReDigi is an online service that allows you to resell your (legally obtained) media files. It seems chipper and on the up-and-up, and you can imagine that to music industry executives this video looks like a ransom video with a cute soundtrack. Thus began some lawsuits, one of which has just concluded in favor of Vivendi (VIV), the parent of Capitol records. Much is yet to be determined, but it’s a bad outcome for ReDigi. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2013-04-03/beyond-pandora-who-really-owns-your-digital-music#r=hpt-ls to view the full article online.
Entrepreneurship
Crowdfunding is all the rage. Even the SEC recently blessed one type of crowdfunding for which there was risk of an enforcement action. Several in the early-stage ecosystem have called for venture capitalists to "up their game," as alternative paths to financing create competitive threats to both incumbent firms and the venture model itself. I think drawing parallels between crowdfunding and VC investment is inappropriate – conflating several important factors, most of which have to do with whether a founder is dealing with a good VC partner or a lousy VC partner. (Fortune)
Visit http://finance.fortune.cnn.com/2013/04/03/vc-vs-crowdfunding/?iid=SF_F_River to view the full article online.
The Economy
The head of Samoa Air has defended its policy of charging passengers by their weight, arguing such a system is not only fair but the future for other airlines. "The next step is for the industry to make those sort of changes and recognize that 'Hey, we are not all 72 kilograms (about 160 pounds) anymore and we don't all fit into a standard seat,''' Chris Langton, Samoa Air chief executive told CNN. (CNN)
Visit http://edition.cnn.com/2013/04/02/travel/samoa-air-fare-by-weight/index.html?hpt=ibu_c2 to view the full article online.
We need bees. You like apples? Almonds? Onions? How about blueberries or cherries or, heck, any flowering fruit out there – to get the fruit you need the flower pollinated; and to pollinate, nothing beats a honeybee. The U.S. Department of Agriculture estimates that a quarter of our diet depends on honeybees' pollination prowess. (Fortune)
Visit http://tech.fortune.cnn.com/2013/04/03/the-plight-of-the-honey-bee/?iid=SF_F_River to view the full article online.
Personal Finance
There is hope for alleviating the retirement-savings crisis. Companies just need to stop believing that "default" is a dirty word. This month, the Employee Benefit Research Institute reported that 68% of workers in its annual Retirement Confidence Survey said they think they need to save at least 10% of their household income to live comfortably in retirement. Yet only 24% report that they have saved at least $100,000, and just 57% say they are saving for retirement. (The Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424127887323361804578390313278109482.html to view the full article online.
Corporate America
42-year-old media entrepreneur Jeff Berwick hopes to bring Bitcoin ATMs to a city near you soon. Berwick expects to put the first two ATMs in Los Angeles and Cyprus in the next two weeks and is choosing between several different retail locations in both areas. He added that orders are coming in by the hundreds from 30 different countries. (CNN/Money)
Visit http://money.cnn.com/2013/04/04/investing/bitcoin-atms/index.html?iid=Lead to view the full article online.
Leadership
Future potential matters (much) more than past performance. That's the new quantitative consensus reshaping professional sports worldwide. After looking hard at the numbers and algorithms, the smartest – and richest – general managers and franchises have made up their collective minds: They're not paying a premium for yesterday. Period. Iconic athletes from Barcelona to Manchester United to the Chicago Bears to the New England Patriots to the New York Yankees have been effectively cut loose. (Harvard Business Review)
Visit http://blogs.hbr.org/schrage/2013/04/will-moneyball-analytics-kill.html to view the full article online.
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