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NetWire arrowsOctober 21, 2010
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Mortgage lenders now face no fewer than five federal investigations into the way they have handled, or mishandled, foreclosures. Two major lenders that had suspended foreclosures have announced they planned to resume taking back homes as soon as possible.
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Jobs are scarce, barriers to entry are down and entrepreneurship is all the rage on college campuses these days.
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Job seekers may be having a tough time landing a position these days, but don't assume they're willing to take anything they can get. According to a recent survey by job search engine SimplyHired.com, today's job hunters have pretty specific ideas about what they're looking for in their career and in prospective employers.
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Basic consumer goods were long assumed to be more or less recession-proof. Shoppers may not be able to afford Dior dresses or Cartier watches, went the argument, but they still need loo paper and detergent. Yet people are finding ways to save money even on daily necessities.
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Walmart Stores, Inc.
Career
A new study by researchers at the University of California at Berkeley and Princeton University suggests that if all of our salaries were made known tomorrow, half of us would be made miserable and the other half would be made no happier.
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What most people really want for the holidays is a job. But even though some businesses are hiring seasonal workers this year, competition is fierce for those coveted openings.
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State Farm Insurance
Diversity in the Workplace
For those who assume that a top B-school education levels quaint notions of racial bias in managerial ranks, think again. Discrimination is alive and well among financial analysts, according to some recent social-science experiments.
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International
Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, with welfare, councils and police budgets all hit. The pension age will rise sooner than expected, some incapacity benefits will be time limited and other money clawed back through changes to tax credits and housing benefit.
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The strike-weary French have grown used to a day’s worth of infrequent trains, absent teachers, undelivered post and unprinted newspapers. This is the routine whenever unions hold a one-day strike, as they did (again) on October 19th, against the raising of the legal minimum retirement age from 60 to 62 years.
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Genetech, Inc.
Education
Ronald Harris had many reasons for attending Southern University and A&M College but one rose to the top: the architecture program.
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With applications to MBA programs starting to slip, getting into some top B-schools is easier than it has been in years.
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NBMBAA
NBMBAA's 3rd Annual Mideast Regional Conference, "Change, Challenge, and Opportunity: Investing for the Next Decade," takes place November 11-13 in Cincinnati, Ohio. The conference will feature leadership development and entrepreneurial workshops, a Diversity & Education Career Fair, networking opportunities and more.
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Vanguard
Technology
Smartphones' sleek forms, tactile buttons, and blinking lights add up to a sort of game – and a perfect catalyst for compulsive behaviors.
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What would happen if you lost all of the data you share on social networks? Here's why, and how you should back up your favorite social tools.
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Entrepreneurship
Pamela Slim was tired. For the first 10 years of her career, she was busy juggling two demanding jobs. By day, she was a corporate director of training and development; at night and on weekends, she served as a volunteer director of a martial arts organization, working with at-risk children. The pace eventually took its toll. She knew she had to take a break. Perhaps surprising to some, she decided to walk away from her day job.
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Coca-Cola bet that an unknown Somali rapper could support its biggest marketing campaign ever. The company was right, and it may have launched a new star. Or not.
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The Economy
Fed report indicates that the economy isn't weakening, but growth is too slow to make a dent in high unemployment.
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Shoddy mortgage lending has led bankers into a two-front war, pitting them against U.S. homeowners challenging the right to foreclose and mortgage-bond investors demanding refunds that could approach $200 billion.
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Personal Finance
With the national unemployment rate at 9.6%, the U.S. Equal Employment Opportunity Commission is concerned about employers using job applicants’ credit history as a screening tool.
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Until recently, a credit score of 680 was something to be proud of. It meant you paid most of your bills on time, got dinged when you went shopping for a refi, but in general, had a solid enough record to get a loan at the best rates.
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Corporate America
Apple on Monday announced a trifecta of enormous Mac, iPhone and iPad sales during its fiscal fourth quarter, resulting in revenues topping at $20 billion.
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Delta Air Lines Inc., American Airlines parent AMR Corp. and US Airways Group Inc. posted profits that beat analysts’ estimates, buoyed by rising fares in what may be the industry’s best quarter since 2007.
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Government
The enormity of the task facing the Democrats in the midterm elections is all too evident at the Midwest church of Christ, which lies in a predominantly black neighborhood in Louisville. Its pastor, the Reverend Jerry Stephenson, is a registered Democrat but he will be voting in the US Senate race for the Republican candidate and Tea Party favorite, Rand Paul.
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What to do with the U.S. Postal Service? It’s drowning in red ink, with a deficit that ballooned to nearly $8 billion for the fiscal year just ended last month. Operating costs are up and mail volume is in free fall in the face of electronic and other delivery options. Soon it may not be able to make payroll.
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Leadership
Imagine a world without middle managers. If you've done time in a cubicle, you might picture a paradise where workers are unshackled by pointless bureaucracy, meaningless paperwork, and incompetent bosses. A place where stuff actually gets done.
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Lifestyle
It all started seven years ago when New Jersey minister DeForest Soaries realized he didn’t have enough money to pay off his new church.
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You know the economy has become truly screwy when it pays more to collect jobless benefits than to get an actual job.
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