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Black MBA NetWire
arrows April 7, 2016
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The fact of the matter is that the overall chance of being audited is slim: About 1% of all tax returns are selected for a closer look. The even better news is that you may be able to further reduce your risk for an audit with these seven suggestions. (USA TODAY)
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Here's one stat people often cite when talking about the state of U.S. manufacturing: The sector has lost 5 million jobs since 2000. But there's another that's not as well-known: The sector has actually gained about 838,000 jobs since 2010. (CNN Money)
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If your employees are scared of sharing ideas and taking risks, your company culture may be in jeopardy. (Black Enterprise)
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Regeneron Pharmaceuticals Inc.
Career
The reality, though, is that you have to be a bit selfish when it comes to decisions about career transitions. (Harvard Business Review)
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Big data analytics is becoming a big requirement to work in the financial services industry. (Business Because)
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His famous Zen attitude towards managing, investing and making billions can be largely attributed to his enviable work-life balance. (Entrepreneur)
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Lincoln Financial Group
Diversity in the Workplace
The Amazon Black Employee Network is a group attempting to forge partnerships between the tech sector and Seattle’s black community, aimed at empowering people economically. (Crosscut)
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Miami International Airport was recognized by Airports Council International-North America -- the leading industry organization representing the governing bodies that own and operate commercial airports in the United States and Canada -- with its top award for exceptional achievement in promoting and sustaining diversity. (Market Wired)
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International
The leak of 11.5 million documents from one of the world's most secret companies, Panamanian law firm Mossack Fonseca, has grabbed headlines around the world. So what have we actually learned from the Panama Papers? (BBC)
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The Obama Administration lowered the boom this week on those companies seeking to relocate outside of the U.S. in order to avoid or lessen a hefty tax bill. . . . Caught in the crosshairs; Ireland whose corporate tax rate is about 12.5% compared to America’s 39%. (Fox Business)
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Highmark, Inc
Education
For some schools, international students have contributed to boosts in enrollment. (U.S. News & World Report)
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NBMBAA
NBMBAA President/CEO Jesse Tyson recently sat down with DiversityComm’s Black EOE Journal to discuss the importance of mentorship and the benefits of joining an organization like the National Black MBA Association (NBMBAA). Here, Tyson offers advice and his own career experience to young people interested in achieving success through their involvement with NBMBAA. (Black EOE Journal)
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Florida Memorial University (FMU) and the National Black MBA Association® (NBMBAA) entered into a groundbreaking agreement that will develop and strengthen career pathways for undergraduate and graduate business students. (Black PR Wire)
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Northwestern Mutual
Technology
WhatsApp now encrypts users' conversations. Here's why that's a game changer -- but also why the platform still isn't fully secure and private.(Inc.)
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Target has added digital coupons from manufacturers to its popular Cartwheel shopping app, an expansion that will mean savings will come in dollars and not just as percentage discounts, likely bolstering a tool the retailer increasingly relies on to cultivate customer loyalty. (Fortune)
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Entrepreneurship
Entrepreneurs are helping to revitalize pop-up stores, a decades-old retail concept. (New York Times)
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Here are the entrepreneurial red flags and how to avoid them. (Black Enterprise)
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The new "Break the Walls" campaign aims to redefine traditional personal care categories. (Fast Company)
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The Economy
If you’re a middle-class African American investor, you’re likely to be more optimistic about the economy than your white middle-class counterpart. (Black Enterprise)
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A weaker dollar accompanied by a strikingly more dovish Federal Reserve is feeding the notion that global policy makers reached some sort of soft agreement to at least call a truce in the "currency wars" that saw the world’s central banks competing to weaken their respective currencies in a bid to steal export business from each other. (Market Watch)
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Personal Finance
Not taking full advantage of your credit card points? You can do better. (Money)
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o some degree, paying taxes is optional. Granted, that's not a true statement when it comes to wages. But it does accurately describe some investment strategies and tactics. Investors often exercise considerable control as to when — and even whether — to pay taxes. Here are four common situations: (USA TODAY)
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Naylor Association Solutions
Professional Development
It's critical to oversee development of existing employees in a similar manner as new hires. Harvard Business Review)
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Naylor Association Solutions
Corporate America
U.S. drug giant Johnson & Johnson is expanding its business and R&D presence in Africa, a key emerging market that the company believes will buttress sales of its medications over time. (Fortune)
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BET Networks, a division of Viacom, has acquired Soul Train from InterMedia Partners and The Yucaipa Companies. (Business Wire)
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Samsung performed better than expected at the beginning of what it has said will be a tough year, thanks to a product that recently had been its Achilles' heel: smartphones. (New York Times)
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With Alaska Airlines' purchase of Virgin America, the new carrier will become America's fifth-largest. (The Economist)
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Government
The Obama administration is increasingly taking aim at corporate mergers as the bustling market pumps out deals at a record pace, placing business titans at odds with Washington amid swirling political angst.(USA Today)
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A new Labor Department rule will impose higher ethical standards on financial advisers who manage retirement funds. (Money)
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The United States Government is close to issuing a rule that for the first time will require banks and other financial institutions to find out the identities of people hidden behind shell companies. (New York Times)
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Leadership
Although you might think you're engaging and outgoing, your introverted co-workers likely find you annoying. (Inc.)
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This year, our most comprehensive new research on talent management, "High-Impact Talent Management 2015," found the most differentiating, predictive practices that directly correlate with high performing global companies are those which focus on diversity, inclusion and fairness.(Chief Learning Officer)
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Lifestyle
The City of Springfield, Mass., has been named one of the 10 Best Cities for African Americans, 2016 by Livability.com. The cities were selected based on basic indicators of livability including cost of living, health care availability, economic equality, commute time, access to parks, and safety. Editors looked for cities with higher-than-average and growing African-American populations, and where they are succeeding in terms of income, academic achievement, and home ownership.()Business West)
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