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Black MBA NetWire
arrows July 12, 2018
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Whether you're a supervisor or even self-employed, it's inevitable that you're going to have a crisis at work. Whether you learn and prosper from the crisis or crumble under the weight of it depends on how you handle the situation. (Forbes)
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Airline executives are warning that profits and sales will be lower than expected over the past quarter because fuel costs have skyrocketed since the second quarter in 2017. Delta says it spent $654 million more than last year at this time, and American Airlines said it would spend about $50 million more. That could eventually mean price increases for consumers. (CNN)
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Research shows that only 10 percent of organizations have managed to create true learning cultures. Here are four science-based recommendations to help you create a learning culture on your team or in your organization. (Harvard Business Review)
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Lockheed Martin
Career
One of the biggest mistakes you can make in the workplace is assuming you have the best answers and asking leading or limiting questions when you have an idea. Sometimes, we aren't really listening because we're so sure we're right. Here are a few tips to make sure you hear what everyone else in the group is thinking before you weigh in. (Inc.)
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Diversity in the Workplace
Publicis.Sapient Global Chief Experience Officer and Chief Creative Officer Donald Chestnut says he was recently reminded that one of the first steps to creating more diversity in the workplace, and providing women with a safe and respectful work environment, is to address the issue on a micro level. He has three tips that could help. (MediaPost)
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International
China said today that foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way. (Reuters)
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Education
The man who worked as President Barack Obama's Secretary of Education said this week that the Trump administration's policies restricting the use of race in college admissions is "going backwards on civil rights issues." (Washington Examiner)
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Results from the National Postsecondary Student Aid Study have revealed that black women have the most outstanding debt when they graduate from college - exceeding white men and white women. According to the study, African-American women have an average of $30,400 of debt when they graduate, compared to $22,000 for white women and $19,500 for white men. (Newsweek)
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Temple Dean Moshe Porat was asked to resign earlier this week after it was discovered he had submitted inaccurate data to U.S. News & World Report for multiple years, which gave the school a more favorable ranking in the magazine's prestigious annual rankings. Temple was stripped of its 2018 No. 1 ranking for its online MBA program. (6ABC)
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NBMBAA
Early bird registration for the NBMBAA annual conference has been extended until July 15, 2018. 
 
Don't miss out on saving 20 percent before rates go up!  
 
About 10,000 professionals are expected to attend the National Black MBA® Association’s annual conference when it returns to the city where it first convened four decades ago: Detroit.

Cobo Center will be the site of the 40th Annual Conference and Exposition where 10 entrepreneurs will have a chance to pitch ideas for thousands of dollars in investments at the Scale-Up Pitch Challenge. Registration is open for the conference, scheduled for Sept. 25-29, whose "OneVoice.OneMission" theme will promote educational and economic empowerment for black Americans.
  
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The Scale-Up Pitch Challenge deadline has been extended to July 22nd, 2018. There's still time to submit your "big idea" to compete in the Atlanta or Los Angeles regionals. If you think your startup embodies a "Big Idea" that can be even bigger, this challenge is for you! Remember you must be a member of NBMBAA® to apply!
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Technology
Coming soon to New York and San Francisco: a self-driving trolley that will scan your boarding pass, carry up to 85 pounds of luggage alongside you, and access real-time gate changes. Care-E is currently being tested by KLM Royal Dutch Airlines, and will head to the U.S. sometime later this year. (CNN)
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The Economy
If China responds with its own set of tariffs, as it has promised to do, American consumers can expect higher prices and diminished economic opportunity if President Donald Trump follows through on his threat of levying 10 percent tariffs on an additional $200 billion in Chinese goods. (NBC)
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Personal Finance
If money is tight, or you just want some extra cash to stash away for emergencies, it is tempting to take on extra work. But keep this in mind: side hustles aren't for everyone.Taking one on may not be the right thing for you and you should consider the following before getting started. (The Journal Times)
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Corporate America
In an effort to rid the world's landfills of millions of pounds of plastic, Starbucks announced this week it will cease using plastic straws at its restaurants, and begin using the adult version of a sippy cup. The change won't take complete effect until 2020, but has the potential of eliminating more than 1 billion plastic straws worldwide. (Forbes)
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Papa John's founder and executive chairman John Schnatter resigned Wednesday following a public apology for using a racial slur on a conference call in May. By Thursday, the pizza company's stock surged more than 10 percent, erasing some of its heavy losses from Wednesday. (Business Insider)
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High-powered executives gathered at the Sun Valley Lodge in Idaho this week for the year’s most exclusive media conference, a week-long corporate mixer that included lectures from royalty, politicians and professional athletes. Organized by the investment bank Allen & Co., it is designed to create opportunity for future mergers and the advisory fees that go with them. (NBC)
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Government
If a proposed initiative in San Francisco passes in November, a 0.5 percent tax will be imposed on all companies and individuals that earn more than $50 million per year. The ballot qualified for the November election with 28,000 signatures - far exceeding the 9,485 minimum needed. The cost of living is so expensive in San Francisco that $117, 400 annually for a four-person household is considered low income. (Fast Company)
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