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Black MBA NetWire
arrows December 7, 2017
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Experts say that neither the House nor Senate version of Trump’s tax plan will be beneficial to African Americans, with the plan further dividing the wealth gap to push the median African American household wealth to "zero" in 35 years. (Black Enterprise)
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While the destruction of family homes has been devastating, the raging California wildfires are also causing major disruptions to businesses and the people who commute to those businesses for work. (The Los Angeles Daily News)
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If U.S. lawmakers don't agree to a deal by Friday, the federal government is going to run out of money.This could affect millions of Americans, from federal employees to vacationers to cadets at the nation’s service academies. Here are 15 ways a government shutdown could affect you — and what you should expect from the hiatus. (Money)
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CVS Health Corporation
Career
Based on analysis of more than 35 million reviews from employees of the 700.000 companies it houses on its website, Glassdoor just released the results the Best Places to Work 2018. Facebook clinched the top spot after a climb from fifth to second place last year. (Glassdoor)
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To understand how employers can improve engagement and retention, FSG worked with Hart Research Associates to survey over 1,200 entry-level, hourly workers between the ages of 17 and 24, and interviewed dozens of companies to find out how they have improved retention. (Harvard Business Review)
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What if there was something you could do to greatly increase your chances of receiving a response? Great news: there is. (Fast Company)
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Principal Financial Group
Diversity in the Workplace
Diversity in the workplace is much more than just gender. People of different races, sexual orientations, and other differentiating factors all bring something unique to the table, but many leaders defend their choice not to diversify by arguing that cognitive diversity (the diversity of each person's unique life experiences) is more important. (Inc.)
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Lockheed Martin
Education
Research shows that high schools students are now turning to Instagram to discover what life is really like on college campuses they are contemplating attending. This could present a huge opportunity for higher education presidents to reach students on a more personal level. (josieahlquist.com)
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The Rutgers Business School now offers a Mini-MBA: Business Management for Military and Veterans program that serves veterans, transitioning military personnel, ROTC students and undergraduate students returning from military service. (The Daily Targum)
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Hilton Worldwide
Technology
Thanks to sweeping technological changes in business, there are now "tech" companies in every sector of the economy. Fortune's staff reveals 31 stocks that can help you profit from the revolution without taking radical risks. (Fortune)
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Here are some suggestions on which tech tools are must-haves as the holiday travel season kicks into full gear. (The New York Times)
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Apple Pay Cash, the tech giant’s rival to services like Venmo and Square Cash, is now available to people who have iOS 11.2 on their iPhones. The feature, which Apple debuted Monday, lets people digitally transfer cash into another user’s Apple Pay wallet for things like splitting a bar bill after a night on the town in addition to paying for purchases at online and physical retailers that accept Apple Pay. (Fortune)
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Entrepreneurship
In its latest State of Startups report, First Round Capital surveyed 869 venture-backed founders and found the state of gender dynamics is still troubling. Among the results: Half of founders say they’ve had personal experience with sexual harassment, either directly or knowing someone who was a victim. Seventy percent of women say the issue is still under-covered, while men are four times as likely to say the media’s overblowing the issue. (Fast Company)
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The major qualities that can help individuals become successful entrepreneurs- passion, drive, determination and confidence — are the very things that hamper them when it comes time to make a change in the direction of their companies. (The New York Times)
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The Economy
U.S. worker productivity rose 3% in the third quarter, the best showing in three years, while labor costs fell for a second straight quarter. Economists are hopeful that the upturn in productivity may be a sign that this key measure of living standards is improving after a prolonged period of weakness. (USA TODAY)
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In the big picture, the U.S. economy has recovered from the Great Recession, which officially began a decade ago, in December of 2007. The current unemployment rate of 4.4 percent is lower than it was before the recession started, and there are more jobs in the economy than there were then (though the population is also bigger). But for some, the recession and its consequences are never-ending, felt most strongly by families like who lost jobs and homes. (The Atlantic)
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Personal Finance
Many people adhere to longstanding maxims when working on ways to save money, but you should stop and consider whether that money-saving advice is true. (USA TODAY)
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Corporate America
As part of its rebranding effort to sell itself as something more than just a brick and mortar store, Wal-Mart Stores announced this week that as of Feb. 1, it will be know as simply Walmart, Inc.The name change highlights the company’s online, pickup and delivery and mobile shopping capabilities. (Reuters)
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The Board at T-Mobile approved the company's first buyback program after its merger talks with rival Sprint ended last month. The announcement, which came this week, would allow buyback of up to $1.5 billion of shares through December 31, 2018. (Reuters)
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Firms across Wall Street are forecasting an upswing in corporate mergers and acquisitions activity in 2018 amid clarity around the GOP tax plan and robust cash levels. (Business Insider)
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Government
The House and Senate tax overhaul bills would change the U.S. tax code in ways large and small. But there are still plenty of differences between them that must be reconciled and folded into one piece of legislation, which would then be put to a vote in each chamber. Here’s a look at some of the notable ways they diverge: (CNN Money)
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Lifestyle
Charleston's International African American Museum announced it has received an additional $1 million in donations with grants from five foundations: $150,000 from The Andrew W. Mellon Foundation, $250,000 from the Ford Foundation, $200,000 from The Kresge Foundation, $250,000 from The Speedwell Foundation and $150,000 the Stavros Niarchos Foundation. (The Post and Courier)
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