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Black MBA NetWire
arrows July 18, 2019
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Mellody Hobson is one of the most senior black women in finance. She serves on the boards of JPMorgan Chase and Starbucks, and this month was named co-chief executive of Ariel Investments, the largest minority-owned investment firm. (The New York Times)
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With so many people changing employers and going after the next best thing, you need to start thinking three moves ahead. That means that as an employee, you need to shift your mindset to being a business owner. (Fast Company)
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I wanted to highlight Delta Sigma Theta Sorority, Incorporated because they provide a model for how organizations should respond to extreme weather events. The sorority proactively canceled the remainder of its national convention at the Ernest N. Morial Convention Center on Friday so that members, their families, vendors, and others could leave New Orleans. (Forbes)
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Wells Fargo
Career
If you are ready to begin a new chapter in your career and life, take a look at these reads!
(Black Enterprise)
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If you are an employer and you want to catch the attention of Gen Z, you have to show them the money says a new report.
(Black Enterprise)
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International
France recently approved a 3% tax on revenues generated by large digital companies in its territory, a move likely to impact major U.S. tech companies and now being investigated as an unfair trade practice by the U.S. government. (Harvard Business Review)
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What an astonishing, disquieting time to be a working person. In much of the world, young people from poor families are easily outearning their parents. Yet the pressures of globalization and automation have also left many manual and service workers struggling to secure safe, supportive conditions and to feel that their toil has lasting value. (BloombergBusinessweek)
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Education
The Ivy League may have suffered a recent drop in MBA applications. But there’s one crucial metric that kept rising this year: average GMAT scores. (Business Because)
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Maurice Smith’s graduation from Goucher College illustrates the potential of a bipartisan effort to overhaul the criminal justice system. (The New York Times)
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NBMBAA
Don’t miss this year’s Scale-Up Pitch Challenge hosted by Mathew Knowles, Phd, Founder & CEO of Music World Entertainment. The final three competitors will ladder up for a chance at winning a total prize pool of $50K.
 
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Technology
FaceApp, the viral app that makes you look old or young, now has a new warning when you take a picture. It helps address some of the privacy concerns, particularly around the original lack of disclosure that it was uploading your pictures to its servers for processing.
(CNBC)
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President Donald Trump said on Thursday that he’s seriously considering looking at a Pentagon contract that’s said to be worth up to $10 billion for Microsoft or Amazon.
(CNBC)
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Entrepreneurship
Across the board, employee engagement is a top priority for today’s business leaders. American businesses spend hundreds of millions of dollars on employee engagement initiatives each year, but with less than impressive results. 
(Forbes)
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It sounds super cool and trendy to be “a boss” but one thing is for certain, entrepreneurship is not for the faint of heart. Instead, being an entrepreneur takes daring, risk-taking, confidence, and yes, sometimes audacity.
(Black Enterprise)
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The Economy
Walmart CEO Doug McMillon thinks the federal minimum wage is "too low." Now the head of the country's largest private employer is calling on Congress to raise it beyond $7.25 an hour.
(CNN Business)
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The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year. The index measures the difference between companies saying they are expanding activity against those expecting to reduce.
(CNBC)
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Corporate America
Earlier this month, Nike made headlines for removing its July Fourth sneakers from stores. The shoes featured the original U.S. flag, which was designed by Betsy Ross and has stars representing the 13 colonies. In pulling the shoes from shelves, Nike was influenced by its controversial spokesperson, Colin Kaepernick, who linked the flag to slavery.
(Forbes)
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TWO new Toys "R" Us stores will open before the holiday shopping season later this year at The Galleria in Houston and in Westfield Garden State Plaza in Paramus, New Jersey. They will sell toys, but fewer of them.
(CNN)
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Government
The House passed a bill Thursday that would raise the federal minimum wage for the first time in a decade -- but there's little chance the measure will be taken up in the Republican-controlled Senate.
(CNN)
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This week, New Jersey senator and presidential contender Cory Booker became the first Democrat in the race to propose a relatively detailed long-term care plan. His idea is based largely on a major expansion of Medicaid long-term services and supports (LTSS).
(Forbes)
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