The European Union has drastically cut its growth forecast for the eurozone in 2012, from 1.8% down to just 0.5%. The low growth makes it harder for Europe to escape its debt crisis, with Italy's position seen as unsustainable. (BBC News)
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Apple used 49,400 employees to generate revenues of $65 billion in 2010. Its outsourcing partner, Chinese Foxconn, employed nearly a million people for $59 billion in the same year. In the U.S., Apple focuses on creating high-paying jobs while it outsources the low-paying ones to Asia. (Harvard Business Review)
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In the wake of an immigrant exodus, Alabama has jobs. Trouble is, Americans don't want them. (Bloomberg/Businessweek)
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Whether you are just starting out or a seasoned professional, if you’re considering a new job search it’s imperative that you make yourself marketable to potential employers. While this can and should include professional development – from taking training courses to brushing up on new technologies – don’t limit your efforts to learning. (Kiplinger's)
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Some companies, no longer relying on traditional job posts to attract candidates, are asking job seekers to tell them what kind of job they want. That’s proving to be a boon to creative candidates. (MarketWatch)
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Unlike an earthquake, a demographic disaster does not strike without warning. Japan’s population of 127m is predicted to fall to 90m by 2050. As recently as 1990, working-age Japanese outnumbered children and the elderly by seven to three. By 2050 the ratio will be one to one. As Japan grows old and feeble, where will its companies find dynamic, energetic workers? (The Economist)
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Lucas Papademos, named today to be interim prime minister of Greece, steered the country into the euro region as central bank governor more than a decade ago. Now the former European Central Bank vice president will have to secure the country’s euro membership for a second time. (Bloomberg)
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First-time visitors to Havana immediately notice two things about the city: the graceful architecture of its buildings, and the fact that so many of them are in ruins. But walking through the crumbling Centro Habana neighborhood this week, there was another sight: homeowners beating back the decay on nearly every block. That's because a new law takes effect Thursday allowing Cubans to buy and sell residential property for the first time in 50 years. (NPR)
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Business school applications are going high tech. Slowly, the 2.0 version of MBA admissions is arriving. Utilizing everything from social media to video, business schools are seeking new ways to get to know applicants. The goal, say admissions committee members, is to discover the true personality of the people they are considering for their classes. (Bloomberg/Businessweek)
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As an undergraduate at the University of Pennsylvania, Fredrik Marø, a native of Norway, knew he wanted to work in investment banking in New York. He asked the career services office at Penn's business school, the Wharton School, for leads to alumni with Scandinavian backgrounds who might be able to help. The career officer handed him a binder full of names and wished him good luck. (U.S. News & World Report)
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The gift is among the largest ever for a business school and will go to teaching MBA students committed to developing organizations to help the poor in developing economies. (Fortune)
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Revisit all the great moments at the NBMBAA® 33rd Annual Conference & Exposition in Atlanta – from John Legend, to the Career Expo to MBA Live and the Friday Night Soul Suite with Musiq Soulchild!
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In an abrupt about-face in its mobile software strategy, Adobe will soon cease developing its Flash Player plug-in for mobile browsers. Adobe said it would abandon mobile flash development, nudge developers to the Adobe Air platform and wholeheartedly back what had been a rival approach – HTML5. (Wired)
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You may have seen the television ad campaign for Verizon that shows the Droid RAZR as a thin throwing weapon that cuts metal. While the ad doesn’t show anything about the new phone, it does make a statement that it is as thin as can be. Holding the RAZR sideways shows this to be the case, it is as thin as any smartphone out there. (ZDNet)
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The climate for small business lending over the past few years has been dark to say the least, opening a door to entrepreneurs who pair business owners with interested lenders. (Fortune)
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Whenever someone asks me to be their friend on Facebook, I’m flattered. Who would have thought so many people like me? Then I realize why: the act of friending simulates the ultimate act of opting into a conversation. No wonder so many brands are obsessed with converting you into one of their "friends" or "fans." (Fast Company)
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Europe is heading for recession. China is battling its own economic demons. And with the United States also facing problems at home (9% unemployment anyone?), it's hardly in a position to help. Without a white knight to step in and save the day, will we all go down together? (CNN/Money)
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A rift is emerging between Americans’ state of mind and the state of the economy. The economy is growing stronger, with the nation’s gross domestic product growing at its fastest clip so far this year. The number of new people signing up for unemployment benefits has steadily declined, and consumer spending is rising. (Washington Post)
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Bargain hunters are discovering the tricks they used in the past may not work this holiday shopping season. With tighter inventories and fewer late-season sales expected this year, many shoppers are no longer afford to wait for new deals to come around. (Smart Money)
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Saving and budgeting to reach financial goals is remarkably similar to eating right or dieting. Just as many people have trouble with a diet, so do they have issues living on a budget, spending within their means, and saving as they should. (MarketWatch)
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The most honest answer is: It depends. There are certainly some programs that effectively usher workers into jobs. Take "Georgia Work$," which the Obama administration used as inspiration for one of its retraining proposals. It matches potential employees with local businesses for on-the-job training. (Slate)
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Ever wonder why your company's objectives seem so elusive and your strategy so hard to deliver on? The problem, says Richard Rumelt, probably isn't your employees' lack of engagement or failure to execute. It may be that you never had a strategy in the first place. (Inc.)
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According to Census data, 5.9 million Americans between 25 and 34 years of age – nearly a quarter of whom have bachelor's degrees – live with their parents, a significant increase from 4.7 million before the recession. But many parents can't afford the extra expense. (Wall Street Journal)
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The cost of a Thanksgiving dinner in the U.S. will jump 13 percent this year, the biggest gain in two decades, as prices rose for everything from turkey to green peas to milk, the American Farm Bureau Federation said. (Bloomberg)
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