
Top News
Russia warned Ukraine today that it faces "grave" economic consequences, including potential new restrictions on trade, after President Petro Poroshenko signed a free-trade agreement with the European Union. Such retaliation would certainly harm Ukraine, which sends about one-fourth of its exports to Russia. But the construction of new trade barriers only underscores the bunker mentality that underlies President Vladimir Putin’s management of Russia’s economy – and the increasing risk it poses to the country’s economic health. (Businessweek)
Visit http://www.businessweek.com/articles/2014-06-27/putins-economic-model-showing-strain-as-russia-is-spurned-by-foreign-banks#r=nav-fs to view the full article online.
NBMBAA wishes everyone a Happy July 4th holiday. Our offices will be closed Friday in observance of the holiday. Information and details are available 24/7 at www.nbmbaa.org.
Career
Even though we all want to be more productive, it’s hard to make major changes. Small changes are easy – and can be incredibly powerful. That’s why the following 20 tips are simple enough you can immediately incorporate them into your daily routine. Some tips will help you better use your time. Others will help you harness your energy. Others will help you stay more focused. No matter what, they all work. So try a few – or try them all! (Inc.)
Visit http://www.inc.com/ss/jeff-haden/20-awesome-productivity-tricks-anyone-can-use#1 to view the full article online.
In the early days of the internet, email natives loved to trade tales of executives who asked their assistants to print out emails so they could read and respond to them on paper. Now we all use email, and assistants are a seemingly rare commodity. But they can still play a useful role in managing your messages. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/07/how-to-delegate-your-email-to-an-assistant/ to view the full article online.
It is a source of tension in many workplaces – nonstop conversation from the office oversharer. Oversharers spew gritty details about their romantic exploits, marital woes, financial problems, recent surgeries or the latest moves by their mothers-in-law – whether colleagues show interest or not. (The Wall Street Journal)
Visit http://online.wsj.com/articles/how-to-stop-office-oversharing-1403650837 to view the full article online.
Diversity in the Workplace
Education
Cutting off access to the student aid spigot is probably the most important way the Department of Education can clamp down on poorly performing for-profit colleges, but doing so isn’t easy—as the ongoing saga of Corinthian Colleges (COCO) shows. Today, Corinthian announced that it missed a deadline to reach an agreement with the government to wind down and sell its programs, although both it and the department expressed optimism that a plan is coming soon. (Businessweek)
Visit http://www.businessweek.com/articles/2014-07-02/why-the-government-is-struggling-to-shut-down-corinthian-colleges to view the full article online.
NBMBAA
Every so often we find ourselves in all sorts of quandaries. It’s simply a part of life’s course. Join NBMBAA® as we provide practical steps to reset, refocus and recalibrate your reality and navigate the everyday compromises, sacrifices and adjustments across the eco-system of life.
The next NBMBAA Regional Symposium takes place July 17 at the Chicago Cultural Center. Tickets are $35 for students and $50 for members. Non-Members can attend at a special early bird rate of $75 until July 7. Tickets are limited, so register today!
Technology
Innovation is happening all over Africa in all different sectors, from education to energy, banking to agriculture. "It's the best kind of innovation - the problem-solving innovation born out of necessity," says Toby Shapshak, editor and publisher of the South African version of Stuff magazine says. (BBC News)
Visit http://www.bbc.com/news/business-28061813 to view the full article online.
Entrepreneurship
Tell me if this sounds familiar: You've got many simultaneous projects with competing deadlines. Your contributions are needed and in each case it will cause a big problem if you fail to fulfill your obligations. So you work long hours. You don't hand off tasks to others, ask for deadline extensions, or drop the ball. You don't have much free time. You definitely don't have time to get sick. Luckily, you're healthy, and sickness isn't something you worry about. (Inc.)
Visit http://www.inc.com/minda-zetlin/no-time-to-take-care-of-yourself-7-reasons-to-change-your-mind.html to view the full article online.
Got a business concept you know is a winner? NBMBAA's Innovation Whiteboard Challenge gives you the chance to put your pitch to the test by giving you a whiteboard and five minutes to sell your idea to a panel of experts. But to win big, you have to get in the game and that means uploading a 60-second video and your application by July 15.
Find Out More and Submit Your Video Today!
The Economy
Developers across the U.S. are reviving a concept that collapsed with the real estate crash in 2008: combining condominiums and hotels. In cities including Miami, New York and Los Angeles, a rebounding hospitality market is joining with rising demand for luxury homes, spurring developers to construct new full-service hotels and ask premium prices for residential units associated with a high-end brand. (Bloomberg)
Visit http://www.bloomberg.com/news/2014-07-02/homebuyers-avoiding-chores-fuel-condo-hotel-rebirth-real-estate.html to view the full article online.
Personal Finance
As a financial adviser, I have occasionally found myself feeling envious of certain clients. Not because of their wealth – but because they were disciplined and determined enough to do all the right things that enabled them to accumulate their wealth and, in many cases, retire early. Despite my expertise, I, like a lot of people, sometimes struggle not to do the wrong things that make being rich, let alone retiring at all, a pipe dream. (MarketWatch)
Visit http://www.marketwatch.com/story/10-habits-of-high-net-worth-women-2014-07-02?link=MW_popular to view the full article online.
Deciding how to spend a large inheritance isn't as easy as you might think. Heirs who have received big bequests, along with financial planners, share lessons learned. What would you do if you suddenly got $100,000, no strings attached? (Money Magazine)
Visit http://time.com/money/2949332/what-would-you-do-with-100000/ to view the full article online.
Corporate America
Small businesses from Bible bookstores to Halal food producers are likely to challenge government regulations on religious grounds in coming years, thanks to this week’s U.S. Supreme Court decision in Burwell v. Hobby Lobby Stores. But the ruling probably won’t spark a plethora of Affordable Care Act lawsuits from privately held businesses, experts say. (Businessweek)
Visit http://www.businessweek.com/articles/2014-07-02/what-the-hobby-lobby-ruling-means-for-small-business to view the full article online.
Government
It’s been 50 years since President Lyndon B. Johnson signed the Civil Rights Act. Since then, the country’s demographics have shifted, and the conversations about race and culture have continued. In this project, journalists, lawyers and civil rights activists explore the historic legislation – pulling the language out of history and telling us how it’s relevant today. (NPR)
Visit http://apps.npr.org/behind-the-civil-rights-act/#/annotations to view the full article online.
The climate in today’s Washington is so different from the one that produced what many scholars view as the most important law of the 20th century that celebrating the law’s legacy is awkward for Republicans and Democrats alike. Neither party bears much resemblance to its past counterpart, and the bipartisanship that carried the day then is now all but dead. (Politico)
Visit http://www.politico.com/story/2014/07/why-the-civil-rights-act-couldnt-pass-today-108496.html?hp=t1 to view the full article online.
Leadership
As entrepreneurs, we spend a lot of time honing our leadership style and working tirelessly to ensure our teams are motivated to work with us. There are countless resources to improve on various attributes you utilize both in and out of the office, but there's less information readily available on pitfalls to avoid. (Inc.)
Visit http://www.inc.com/josh-linkner/8-ways-to-undermine-yourself-as-a-leader.html to view the full article online.
Why can’t employees speak honestly about their career goals with their managers? It’s because of the reasonable belief that doing so is risky and career-limiting if the employee’s aspirations do not perfectly match up with the manager’s existing views and time horizons. It seems safer to wait until another job offer is in hand, so that if one’s manager reacts badly to one’s ideas, there’s no danger of being passed over for on-going professional development, or worse, left unemployed. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/06/encourage-your-employees-to-talk-about-other-job-offers/ to view the full article online.
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