Senate Majority Leader Harry Reid said he will move tonight to kill House Speaker John Boehner’s debt-ceiling plan, paving the way for Senate votes this weekend on a possible compromise to avert a potential U.S. default. (Bloomberg)
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The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009. (Pew Research Center)
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What's wrong with the American job engine? As United Technologies Corp. Chief Financial Officer Greg Hayes put it recently: "Sales have come back, but people have not.'' (Wall Street Journal)
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With unemployment high and retirement savings low, hundreds of thousands of people over 50 are turning to college programs to boost their job skills. But given the rising costs of tuition, is it worth the money? (SmartMoney)
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There’s growing evidence that multitasking may be hurting productivity and actually making workers worse thinkers – and businesses need to re-examine goals in this area. (MarketWatch)
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What on earth did the Banga brothers' mother feed them for breakfast? Whatever it was, it worked: Vindi Banga grew up to become a top executive at the food and personal-care giant Unilever, then a partner at the private-equity firm Clayton, Dubilier & Rice. His younger brother Ajay, after heading Citigroup's Asian operations, was last year named CEO of MasterCard. (Time)
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As a former head of the state library agency in Massachusetts and a taxpayer myself, I read with interest the recent editorial in which an elected official from Swampscott, Massachusetts proposed public library user fees as a reasonable and "modern" solution to some perceived imbalance. Under this proposal, a 50 cent user fee would be added to each book circulated by the library. (The Atlantic)
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Tablet technology is beginning to transform case studies from straightforward narratives into complex and changeable plots – a metamorphosis nearly a century in the making. (Bloomberg/Businessweek)
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One of the most fascinating aspects about the launch of Google+ is the way it reframes how we, as individuals, interact with our communities. The initial Facebook model of creating a single social graph of up to 5000 friends must now be compared to a series of what Google+ calls 'circles' that expand and contract as we pass through various life stages, jobs, relationships and experiences in our lives. (Fast Company)
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Solar Sister gives startup funds--and a $500 "business-in-a-bag" – to door-to-door solar saleswomen, illuminating villages and offering exceptional economic benefits to communities. (Fast Company)
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When most entrepreneurs think of growing the revenues of their businesses, they think of ways to increase sales. That's not the case with Rick Haig of Haig Service Corp. and Wayne Pfisterer of Pfister Energy. While their companies are growing fast enough to land them on the Inc. 5000 several years in a row, they don't rely solely on sales to power that growth. (Inc.)
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The results aren't scientific, but they do provide a snapshot of sentiment at a crucial moment for the U.S. economy. Executives remained consistently cautious. They were willing to invest only in growth businesses or international markets, largely Asia. (Wall Street Journal)
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Everyone in the markets has known about the August 2nd debt ceiling deadline for a while but have tended to blithely assume that a deal will be done. Other crises, notably Europe's sovereign debt problems, have loomed larger in investors' minds. Only now, with a week to go before the deadline, are they starting to fret. (The Economist)
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Can the budget crisis be solved without eliminating the mortgage-interest and charity tax deductions? (Slate)
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It gets harder every day for those of us who save and invest to watch the threat to the U.S. government's credit standing and the economy and to not get fidgety. The product of all the arguing, invective and political posturing could still end up short of a disaster. In all honesty, though, the standoff has already damaged America's financial reputation. (Kiplinger's)
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If the specter of a default has spooked corporate America, you wouldn't know it by watching their hired guns in Washington over the last several weeks. (Fortune)
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The CEOs of the nation's leading banks, including Goldman Sachs and JPMorgan Chase, sent a letter to the White House and Congress on Thursday urging them to hurry up and reach a debt agreement. (CNN/Money)
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The Treasury Department is preparing to answer a question that it has dodged and rebuffed for months: If there’s not enough money for everyone, who is left empty-handed? (The New York Times)
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Moody's expects to downgrade five states if the debt ceiling isn't raised. How these states — most led by Republicans — became totally dependent on federal dollars. (Fortune)
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Businesses communicate a lot of things. Many love to boast when their revenues soar, or publicize the strategic restructuring of their organizational response committees (whatever that means). But often missing from a firm's communications is something absolutely fundamental to its operations: its values. (Harvard Business Review)
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