Top News
Mortgage rates fell this week to the lowest level on records dating to 1971, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.
Visit http://www.npr.org/templates/story/story.php?storyId=128088363 to view the full article online. Companies are spending again, and that could mean better economic times ahead. Businesses have invested more money in machinery, computers, steel and other metals in three of the past four months. The uptick is fueling economic growth in the second quarter and may lead to more jobs later this year.
Visit http://www.forbes.com/feeds/ap/2010/06/24/general-industrials-us-economy_7717480.html?boxes=Homepagetopnews to view the full article online. The U.S. Supreme Court scaled back a favorite tool used by prosecutors in fraud cases, ruling in favor of Jeffrey Skilling on his conviction for leading the Enron Corp. accounting fraud while stopping short of granting him a new trial.
Visit http://www.bloomberg.com/news/2010-06-24/skilling-black-get-partial-victories-at-u-s-high-court-over-convictions.html to view the full article online. Career
It was another tough year for the 330 or so graduates of the University of California at Los Angeles' Anderson School of Management, who graduated in early June.
Visit http://online.wsj.com/article/SB10001424052748704289504575312922894178624.html to view the full article online. While it still isn't easy for MBA's to land a job, the hiring climate has improved from 2009.
Visit http://www.usnews.com/education/best-graduate-schools/articles/2010/06/18/more-mba-graduates-will-get-jobs-in-2010.html to view the full article online. International
Rich countries borrowed from the future. Paying the bill will be difficult, and so will living in a thriftier world.
Visit http://www.economist.com/node/16426084?story_id=16426084&source=hptextfeature to view the full article online. Seeking U.S. students and a bigger global footprint, schools from Spain, France, and the U.K. are rushing to set up outposts on American soil.
Visit http://www.businessweek.com/bschools/content/jun2010/bs20100617_473655.htm to view the full article online. Education
It's been widely reported that more top business schools are accepting the GRE exam in place of the GMAT for admission into their full-time MBA programs. But how many prospective students are taking advantage of the option for admittance into the MBA Class of 2012? Not many.
Visit http://www.businessweek.com/bschools/blogs/mba_admissions/archives/2010/06/few_mba_applicants_submitting_gre_scores.html to view the full article online. Despite gains in college access by minorities, the top tiers of higher education are becoming more affluent and more White as the lower tier and two-year colleges increasingly accommodate more low-income minority students, researchers said last week during a policy forum centered on low-income students and college access.
Visit http://diverseeducation.com/article/13892/race-class-and-college-access-explored-in-strivers-research.html to view the full article online. NBMBAA
Don't miss this chance for significant savings on your registration for the National Black MBA Association 32nd Annual Conference & Exposition, September 21-25 in Los Angeles, CA. The year's must-attend educational, career and networking event is coming up fast, so register now and save!
Visit http://www.nbmbaa.org to view the full article online. Technology
Two of the leading makers of electronic-book readers, threatened by the success of Apple Inc.'s iPad, slashed prices this week in a move that could further drive e-readers into the mainstream.
Visit http://online.wsj.com/article/SB10001424052748704895204575320662842012510.html to view the full article online. Google-owned YouTube won a major victory Wednesday when a federal judge ruled the video-sharing site was protected under U.S. copyright law.
Visit http://www.wired.com/threatlevel/2010/06/dmca-protects-youtube/ to view the full article online. Apple Inc. will probably sell a record 1 million iPhones today after introducing a new model, attracting crowds to stores in five countries.
Visit http://www.businessweek.com/news/2010-06-24/apple-may-sell-1-million-iphones-as-crowds-hit-stores.html to view the full article online. Entrepreneurship
Building strong connections with community banks can pay off during uncertain economic times.
Visit http://www.entrepreneur.com/magazine/entrepreneur/2010/july/207188.html to view the full article online. Just five minutes and a genius business idea can win you $10,000. Up to six people will have five minutes each to sell their business idea to a mixed panel of venture capitalists, academic instructors and successful entrepreneurs – using only a whiteboard and marker. Sign up today! Registration ends July 15!
Visit http://www.nbmbaa.org/2010_conference_site/docs/2010_whiteboard_challenge_v3.pdf to view the full article online. The Economy
There are as many as 10,000 people that work on deepwater oil rigs in the Gulf of Mexico. These are jobs that could soon begin to disappear because of the temporary ban on such drilling.
Visit http://money.cnn.com/2010/06/24/news/economy/drilling_jobs_at_stake/index.htm to view the full article online. Initial claims for jobless benefits fell by the largest number in two months last week, but remain above levels consistent with healthy job growth.
Visit http://www.forbes.com/feeds/ap/2010/06/24/personal-finance-us-economy_7716386.html?boxes=Homepagetopnews to view the full article online. Government
That's the argument John Timpane makes in the Philadelphia Inquirer today: that our hypermetabolic, Twitter-fueled media culture allowed the remarks from General McChrystal 's crew to spread so far and so fast, Obama had almost no choice but to relieve him. Think of it as information blitzkrieg.
Visit http://www.wired.com/dangerroom/2010/06/did-twitter-cost-mcchrystal-his-command/ to view the full article online. A Supreme Court ruling this week in an antiterrorism case made clear that the First Amendment does not provide unlimited protection for Americans to support any humanitarian cause.
Visit http://philanthropy.com/article/The-Supreme-Courts-Message/66036/ to view the full article online. Leadership
Many business legends revolve around stories of big, smart successful companies who completely failed to notice that their environment had changed. It's often taught as the 'buggy-whip syndrome,' based on manufacturers of carriage accessories who failed to notice that the advent of the automobile had rendered them redundant.
Visit http://blogs.bnet.com/management/?p=1840&tag=landing-pad;feature-article to view the full article online. Yes, it's 2010. And no, diversity is not dead. Businesses like PriceWaterhouseCoopers understand that "diversity and inclusion is essential for business success," especially when it comes to cultivating and supporting their talent.
Visit http://philanthropy.com/blogPost/The-Decline-of-Leadership/25041/ to view the full article online. Lifestyle
Rooms and tickets are still available, but book now for best rates. The Essence Music Festival features three days of amazing acts, including Janet Jackson, Chrisette Michele, Alicia Keys, Monica, Gladys Knight, Keri Hilson, De La Soul, Mary J. Blige, Earth, Wind and Fire and many, many more. View the schedule and plan your trip today!
Visit http://www.essencemusicfestival.com/music_schedule.php to view the full article online. Group is dedicated to helping women to re-define their power after leaving careers in corporate America.
Visit http://www.blackenterprise.com/lifestyle/2010/06/24/mocha-moms-are-more-than-just-mothers/ to view the full article online. |