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NetWire arrowsOctober 20, 2011
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Even with Libyan leader Moammar Gadhafi dead, analysts say it will likely take years for the country's oil production to return to full capacity. (CNN/Money)
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Germany and France, still at odds over a plan for a more forceful response to the sovereign debt crisis, on Thursday put off a decision-making summit meeting for several days amid signs that the complexities of European politics may preclude the kind of all-encompassing resolution that markets crave. (The New York Times)
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It seems to have emanated from a feeling by the protesters that they aren't getting a fair shot at prosperity. They believe that big companies, specifically major banks, have rigged the system to their own benefit and to the suffering of ordinary people. (Fortune)
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A recent study suggests that nearly two-thirds of U.S. companies report that their employees have worked more hours over the past three years. It's likely that there are similar percentages in other countries. (Harvard Business Review)
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PNC
Career
With many talented workers experiencing stretches of unemployment, employers are taking a harder look at unpaid experience. Here's what to include – and what to leave out.
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Five years ago, after a 24-year career at Citibank, Suwon Smith left her job at the age of 52. "I had served the company well, but I didn't want to do this for the rest of my life." (CNN/Money)
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The Boston Consulting Group
International
Under intense international pressure to lift banking secrecy, the first and biggest of the world’s "tax havens" – places that charge low or no taxes to foreigners – is ceding some ground. In a deal signed on October 6th, Switzerland agreed to tax money held in its banks by British residents (it had already done a similar deal with Germany). (The Economist)
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Angela Merkel won’t allow the euro region to split because she understands that could cause "a dark age" by wrecking the bloc’s energy markets as oil supplies dwindle, said an adviser to the German chancellor. (Bloomberg)
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Federal Reserve System
Education
You've been admitted at two or more top MBA programs. How do you decide which offer to accept? Start by looking to your future. (Bloomberg/Businessweek)
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Japanese corporations are expressing growing interest in enrolling more of their managers in executive education programs overseas, acknowledging a need to make their organizations more globally oriented at a time when their home market is projected to shrink. (The New York Times)
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Dell Computer Corp.
North Highland Co
NBMBAA
The National Black MBA Association would like to send a special thank you to all of those who made this year's 33rd Annual Conference & Exposition a monumental success. Stay tuned to www.nbmbaa.org in the coming weeks for Conference highlights, photos and much more. Don't forget to look out for more info about the 34th Annual Conference & Expo next year in Indianapolis!
 
Coca Cola
Technology
Besides becoming the butt of late-night TV hosts’ jokes, the company may have lost as many as 600,000 of its 24.6 million U.S. customers since July, estimates Darren Aftahi, an analyst with Northland Capital Markets. The extent of the damage should be revealed on Oct. 24, when the company announces earnings and subscriber numbers that will show how many customers have fled. (Bloomberg/Businessweek)
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New rumors follow a wave of speculation fueled by Ticonderoga Securities analyst Brian White. Last week, in a statement positing that Apple is working on a lower-priced iPad, the analyst wrote, "Essentially, this ‘iPad mini’ will also fend off the recently announced Amazon Kindle Fire that addresses the low-end tablet market with a $199 price tag." (Wired.com)
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Genetech, Inc.
Entrepreneurship
A look at how the third-largest social network built a following, plus hiring tips for expanding businesses. (Entrepreneur)
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Pawngo lets entrepreneurs pawn Rolexes, gold coins, and cameras in exchange for quick business loans. And it's blowing up. (Inc.)
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To most business owners who have spent years or decades and hundreds of thousands of dollars building their brand and developing a client base, chucking it all away to reinvent your business probably seems like the height of insanity. (Entrepreneur)
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The Economy
The U.S. hasn't had unemployment this high for this long since the Great Depression. That's weighing heavily on a lot of Americans and seems to be a key part of the frustration and anger that's being directed at Wall Street and the big banks. For many people, it's not so much about high finance as it is about a weekly paycheck. (NPR)
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Participants in the Occupy Wall Street movement are right to argue that the big banks have never properly been investigated for the mortgage-related shenanigans so central to the financial crisis – and to the loss of more than 8 million jobs.(Slate)
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Personal Finance
In spite of legislation that has made it more difficult for workers to opt out of their 401(k) plans, as many as one in five do just that. And a surprising number of advisers say that's not necessarily the wrong choice. (Smart Money)
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Want a free trip to Paris? Just sign up. Hard-core collectors of frequent-flier miles are turning credit card sign-up bonus offers into vast stashes of miles, points and expensive trips by opening new card accounts by the dozen. Some practitioners call it travel hacking, and at a time when travelers are frustrated by declining service and growing airline fees and fares, it represents a rare travel bonanza. (Wall Street Journal)
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Lincoln Financial Group
Professional Development
Many employees and business people spend money on continuing education for work, career, pleasure or a mix of factors. A surprising amount can be deducted on your taxes. The biggest restriction on deducting education expenses is that it can’t qualify you for a new job or career. (Forbes)
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Lowe's Companies, Inc.
Corporate America
Despite the recent stock-market rally and the continued long-term bullishness I am seeing in most corporations, a huge portion of companies are worried about how they will survive. (Fast Company)
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Government
Planet Money has obtained a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt. It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system. (NPR)
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Leadership
As Britain was dangerously close to defeat in 1940, Winston Churchill put the English language into battle. He inspired the people of Great Britain with his defiant, heroic speeches, rousing challenges that were full of hope, humor and direction. By using language strategically, he delivered some of the most powerful and moving speeches that were broadcast across Britain and the rest of the world, including Nazi-occupied Europe. (Fast Company)
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Lifestyle
The more things change, the less they will be the same. That’s not a mistake. That’s a fact. Over the next decade, new products, technology and adviser practices will make retirement look quite different than it does today. (MarketWatch)
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