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Black MBA NetWire
arrows July 21, 2016
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If you’re looking for a way to take your career to the next level, check out one of the hundreds of open positions at these 15 companies that are hiring right now! (The Muse)
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Former U.S. Attorney General Eric Holder has been hired by Airbnb to help craft an anti-discrimination policy for the home-sharing company, which has come under fire in recent months following complaints of racial bias by its hosts. (The Washington Post)
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After the shootings of Alton Sterling and Philando Castile, black activists nationwide organized boycotts of major banks and retailers — including an economic boycott of a Baton Rouge mall and Walmart the weekend of Sterling's death. Activists have called on African-Americans to patronize black-owned stores and banks using the hashtags #BankBlack challenge and #Moveyourmoney and by circulating a mass text thread . (NBC News)
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7-Eleven
Career
Pursuing a higher-level business education online while still working full-time has become more prevalent than ever as digital continues to transform the educational landscape. (Business.com)
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The research, both academic and applied, is consistent and can be summed up simply: Staying motivated at work is about five things. The first four are all about context and how you set yourself up for success: the right mission, the right job, the right boss, and the right team. The last one is all about you: the right attitude. These are the fundamentals—it’s that simple. (Fortune)
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Northwestern Mutual
Diversity in the Workplace
The general idea behind Affirmative Action is that when one group has been disadvantaged for a long time, offering Equal Opportunity is not enough. It is for this reason that Affirmative Action is sometimes also described as positive discrimination. Leaving aside political positions, we believe that there is a quantitative, tangible reason why simply eliminating biases (i.e., Equal Opportunity) is not sufficient, if one’s goal is to achieve a new, more balanced equilibrium. (Forbes)
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Facebook is among many multi-million corporations that struggles with diversifying its workforce. Last week, the corporation's head of diversity blamed what those inside tech refer to as "the pipeline" for the company's unimpressive percentage of Black and Hispanic employees. The numbers? Two percent and four percent respectively. (Ebony)
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In a bid to develop a pool of more diverse job candidates, Google is cutting out the pipeline and going right to the source. (Fast Company)
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International
A record terrorism-related forfeiture order benefiting families of some Sept. 11 victims and others was reversed on appeal Wednesday, leaving in doubt what will happen to a $1 billion Manhattan office building at the center of the legal case. (Townhall)
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The eurozone is in a state of uncertainty. It is still dealing with the aftershocks of financial and debt crises. It is coping with new threats like Britain’s vote to leave the European Union. And it is guarding against a shaky banking system in Italy. (The New York Times)
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Highmark, Inc
Education
Here's a look at nine schools that have made it their mission to support and welcome student entrepreneurs. It's not a ranked list, and it's far from exhaustive, but it's a great illustration of what's out there for entrepreneurs who want to reap the benefits of business school. (Business Because)
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The Department of Education recently released some startling numbers about how much our country spends on prisons versus schools that added fuel to the fire of national conversation about criminal justice reform. (Think Progress)
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Silicon Valley is committed to improving computer science education in America’s K-12 schools, and Facebook has pledged another hefty dollar amount to the cause. Last week, Facebook announced it was pledging $15 million over five years to Code.org so the non-profit can train teachers in urban public schools to teach computer science to students who are traditionally underrepresented in the field. (Education Word)
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Amid the recent storms over police shootings and deaths, we should be focusing on America’s unequal education system instead of only concentrating on police-community relations. (Quartz)
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Thermo Fisher Scientific
NBMBAA
Registration is now open for the National Black MBA Association's 38th Annual Conference & Exposition will be held Oct. 11-15 in New Orleans, LA. Conference early bird rates are available through July 25.
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Catherine Bianchi, Stillman School director of graduate admissions, was recently honored by the New Jersey Chapter of the National Black M.B.A. Association (NBMBAA) at their Annual Leaders of Tomorrow (LOT) Program Scholarship and Awards Luncheon. (Seton Hall University)
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Technology
There are so many reasons why it is important to support black-owned businesses. Black-owned businesses represent just 7 percent of all small businesses in the U.S., but they create jobs and contribute to the economic strength of urban communities. Many more people would like to support black-owned businesses by buying their products and services, but they often lack information on where exactly they are located. So, here are 7 web sites and apps that will help you find and support black-owned businesses across the globe. (Milwaukee Community Journal)
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In venture capital-financed, high-growth technology startups, only 9% of entrepreneurs are women.That’s really low. Women make up nearly half of the U.S. workforce. They are majority owners of 36% of small businesses. (Harvard Business Review)
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Funai Electric has been producing VHS-playing VCRs for 33 years, most recently for Chinese company Sanyo. But last year it sold just 750,000 units, down from a peak of 15 million a year, and has been finding it difficult to source the necessary parts.(BBC)
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Entrepreneurship
When the seed for the Black economic commerce website Ebonomy was planted nearly two years ago, brothers Jeffrey and Clayton Allen knew there was a need to index Black-owned businesses. (Atlanta Black Star)
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Britney Robbins has taken a huge step in filling the education gap with the launch of the Gray Matter Experience. The Gray Matter Experience is a 9-week entrepreneurial experience program for 24 selected African American high school students, ages 15-18, across Chicago. Its mission is to expose African American high school students to entrepreneurship by allowing them access to Black professionals, entrepreneurs, resources and opportunities that help grow their entrepreneurial interests and inspire them to create businesses that help change the landscape of underrepresented neighborhoods across Chicago. (Black Entrepreneur)
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The Economy
Britain's vote to leave the European Union is already weighing on the world economy and could push growth below 3% for the first time since the global financial crisis. (CNN Money)
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Interference by elected officials — from imposition of local economic development obligations to excessive constraints on head count and compensation that impede recruitment of talented staff — has contributed to poor investment choices, higher total costs, diminished organizations, and disappointing performance at some institutions. (Harvard Business Review)
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Last week the Energy Information Administration (EIA) released its most recent Short Term Energy Outlook (STEO), and the forecast now calls for record U.S. gasoline consumption this year. (Forbes)
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Personal Finance
Making a lot of money doesn't necessarily translate to having high credit scores, a new study finds. Just ask consumers in Baltimore and Washington, D.C. In those two cities, median household incomes rank high, but CreditCards.com finds average credit scores lag or consumers high balances on their credit cards. (USA TODAY)
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For low-income families desperately seeking a home of their own, seller financing can seem too good to be true. A "lease to own" or a "no credit check" home loan can look like a welcome escape from rising rents and a fulfillment of the homeownership dream. (USA TODAY)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
Corporate profits are expected to hit a wall again in the second quarter. But the profit recession can't seem to hold back this group of companies as they cruise right through. (USA TODAY)
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At least one analyst believes Apple is cashing in on the Pokémon Go craze. In a note to investors on Wednesday, Needham & Company analyst Laura Martin argues that Apple AAPL 0.14% could make $3 billion in revenue on Pokémon Go over the next 12 to 24 months. Martin arrived at that figure by using a wide range of data points and Apple’s 30% revenue share with developers. (Fortune)
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Government
The U.S. Department of Justice filed lawsuits Thursday to block two separate megadeals in the health insurance industry, saying the deals would harm competition across the country, reducing from five to three the number of large, national health insurers in the nation. (CNBC)
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Leadership
As a black man and Cincinnati's Chief of Police, Eliot Isaac lives at the center of two worlds that have collided in recent weeks after the killings of two black men at the hands of police and the fatal attacks on several police officers in Dallas and Baton Rouge, Louisiana. (CNN Money)
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Lifestyle
Study finds white men living above poverty level have same risk as those below, while both black and white women face higher risk below. (The Guardian)
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Author Lawrence Ross predicts that black people will eventually divest from an American dream never meant for us. (The Root)
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