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NetWire arrowsJuly 29, 2010
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Senate Republicans blocked a measure that would cut taxes and ease credit for small businesses, saying they objected that Democrats refused to consider their amendments to extend expiring tax breaks.
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Cash-strapped cities and counties have been cutting jobs to cope with massive budget shortfalls – and that tally could edge up to nearly 500,000 if Congress doesn't step up to help.
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The administrator of BP's compensation fund is trying to persuade Gulf Coast residents not to sue the company, but to take a settlement instead. But many in the region say it's too early to pinpoint their damages.
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Another morning of data, another reminder that our current economic woes boil down to one word: jobs. This morning, the Labor Department reported that in the week ending July 24th, weekly jobless claims fell by 11,000 to a seasonally adjusted 457,000, from the previous week’s revised figure of 468,000.
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Walmart Stores, Inc.
Career
In a tight job market, building and maintaining an online presence is critical to networking and job hunting. Done right, it can be an important tool for present and future networking and useful for potential employers trying to get a sense of who you are, your talents and your experience. Done wrong, it can easily take you out of the running for most positions.
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The lazy days of summer are here but for people who are job hunting, taking the afternoon off to soak up some sun may feel like a luxury they just can't afford. Just as work life balance is a struggle for those with jobs, the challenges of time management can be equally complex for those who are looking for work.
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CIA : Central Intelligence Agency
International
In China’s factories, pay and protest are on the rise. That is good for China, and for the world economy.
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Haitian-born musician Wyclef Jean is considering running for president of the Caribbean country, his family say.
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Plan to end the so called default retirement age is outlined in a consultation document to be published today.
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U.S. Department Of State
Education
The University of Chicago's Booth School of Business ended its months-long search for a new dean, naming Sunil Kumar – currently the senior associate dean of academic affairs at Stanford University's Graduate School of Business – to head the school.
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With interest in social media growing, B-schools are adding courses to teach students what it means for business.
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Nielsen
Wells Fargo
NBMBAA
Team up with State Farm® and MLB® to support NBMBAA and you could win a trip for 2 to the 2010 MLB® World Series® ! Visit the site, choose the National Black MBA Association as your charity, play the Go To Bat game online and swing for the fences. The more home runs you hit, the more entries you’ll get in the weekly drawing.
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Join us this Labor Day weekend as we celebrate the 40th anniversary of Black Enterprise at our 2010 Black Enterprise/Pepsi Golf & Tennis Challenge, Sept 2-6, 2010 at the LaCosta Resort & Spa in Carlsbad, California. This year we are pleased to extend a special offer to NBMBAA Members. Register before July 31st and receive a discount of $100! Use code GTMBA when registering online. Offer excludes the guest package and may only be applied to new registrations.

Reward yourself, you deserve it! By day play a few rounds of golf or sets of tennis, unwind by the pool, or escape the stress of success at La Costa’s award-winning spa. By night were celebrating each decade, from the 70’s through 2000 with themed evening events. Enjoy surprise guest performances, music, dancing, contests and much more!
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U.S. Securities And Exchange Commission
State Farm Insurance
Technology
Amazing is introducing a new wi-fi only Kindle for $139, along with an updated Kindle for $189. When playing with the new Kindle a few things jump out at you. First, it’s all screen since the frame around the device is much smaller (actually 21 percent) than its predecessor.
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Yes, the company is still growing at rates that would be the envy of the rest of the Fortune 500. But its core business is slowing, its stock is down, its Android mobile platform generates scant revenue, and competition (hello, Facebook) is fierce. Can Google find its footing in this brave new world?
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Entrepreneurship
Financiers prefer to back entrepreneurs who are similar to them. This seemingly innocuous tendency creates problems for society, but the solution is difficult to make work.
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Survival mode is a state of being familiar to most startups that have weathered the recession and to entrepreneurs who kept their companies afloat by postponing spending, hiring and long-term goal-making to focus on staying alive another day.
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The Economy
A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy amid increasing signs that the economic recovery is weakening.
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Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.
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Personal Finance
You know what your financial priorities are supposed to be: Max out retirement savings. Build a cash cushion for emergencies. Get rid of any credit card debt. Save for your kids' college education. Pay off the mortgage before you retire.
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Allan Stark goes to bat for those who shy away from negotiating (you can sign up for his services at Negotiate4U.net). He'll try to strike a deal with anyone – cell provider, car dealership, credit-card issuer, even a physician – and split the savings with you 50/50.
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Corporate America
BP oil-spill fund administrator Kenneth Feinberg now says he'll disclose how much he's being paid to administer the $20 billion compensation program. Feinberg acknowledged "a perception of a conflict" if BP pays him to serve as an ostensibly neutral arbitrator of spill claims.
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I'm sure you've heard the old saying "you can never get too much of a good thing?" That's been the prevailing notion in regards to the rapidly growing Hispanic population in the U.S., which, together with continued population growth among African-Americans, Asians and other ethnic minority groups, has resulted in a huge multicultural population.
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Government
The controversy over Arizona's immigration law has flared up again. Yesterday, on the eve of the law's taking effect, U.S. district judge Susan Bolton blocked its most controversial elements – those compelling immigrants to carry their papers at all times and requiring officers to check the immigration status of those they suspect are in the country illegally.
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Long-term unemployment is threatening to become permanent. More people, especially the young, cannot find work. It’s almost impossible to revive economic growth without jobs for the many people constantly entering the market.
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Leadership
Why the indefatigable Al Sharpton still has work to do. And what his evolution tells us about race and politics in Obama’s America.
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Why can't the Democrats stay on message? They don't seem to agree on what they want to say.
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Lifestyle
Jonathan L. Walton is fascinated by the ways African-American faith groups helped draw the United States closer to its promise of equality. It's a big part of why he became a religion scholar and social ethicist.
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Summer is whizzing by, but if you haven't booked that weekend beach escape or trip to grandma's house yet, don't fear. There's still time for that summer getaway, and it doesn't have to cost you a pretty penny. Here's how to do it on the cheap.
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