Top News
The Senate on Thursday morning voted to move the Wall Street reform package forward, assuring safe passage of the regulatory overhaul to President Obama's desk next week.
Visit http://money.cnn.com/2010/07/15/news/economy/Wall_Street_reform_bill_vote/index.htm to view the full article online. Illinois let $5 billion of bills go unpaid. Washington closed state offices. California may cut 200,000 workers’ pay to the minimum wage. Minnesota is delaying tax refunds for a second year.
Visit http://www.businessweek.com/news/2010-07-14/california-may-cut-pay-illinois-holds-bills-to-bar-downgrades.html to view the full article online. By the numbers, the economy is in the midst of a recovery. Yet, millions of jobless Americans still aren't feeling the uptick.
Visit http://www.npr.org/templates/story/story.php?storyId=128488478 to view the full article online. Career
The unemployment rate fell to 9.5 percent in June, an improvement over May's 9.7 percent. But the reason is that job seekers are giving up because the competition is so fierce for each open position.
Visit http://www.csmonitor.com/Money/2010/0702/Troubling-reason-for-drop-in-unemployment-rate-People-exiting-work-force to view the full article online. Conference Job Match connects corporations with talented MBAs attending the National Black MBA Association's 32nd Annual Conference & Exposition Sept. 21-25 in Los Angeles. Not registered? Register now and take advantage of job searching and résumé posting through Conference Job Match – as well as the top level educational sessions, speakers, career and networking opportunities at the NBMBAA Annual Conference & Exposition.
Visit http://www.nbmbaa.org/2010_conference_site/pages/index.html to view the full article online. They're hiring now, but to be considered you must design your search to fit the hyper, pressurized, risk-taking culture.
Visit http://www.forbes.com/2010/07/13/hedge-fund-job-hiring-leadership-careers-employment.html to view the full article online. International
Until recently, Spain was the prosperous "Iberian Tiger," the biggest creator of jobs among Europe's 16-nation single currency zone. But the global financial downturn dealt a devastating blow to Spain's once-vibrant economy, now struggling with a 20 percent jobless rate – the highest in the eurozone.
Visit http://www.npr.org/templates/story/story.php?storyId=128514195 to view the full article online. The Indian rupee joined the U.S. dollar, the British pound, the euro and the Japanese yen on Thursday when it got its very own symbol.
Visit http://www.nytimes.com/2010/07/16/business/global/16rupee.html to view the full article online. Education
In its biggest change in more than a decade, the B-school admissions test will have a new section designed to test advanced reasoning skills.
Visit http://www.businessweek.com/bschools/content/jun2010/bs20100624_048037.htm to view the full article online. Although he was a good student, Brandon T. White didn't really think about his college options until his senior year of high school.
Visit http://chronicle.com/article/U-of-Floridas-Support-for/66113/ to view the full article online. NBMBAA
Teams of African-American high school students representing 23 cities from around the country competed for thousands of dollars in scholarships at the National Black MBA Association Leaders of Tomorrow® Case Competition held June 25-26 at Nova Southeastern University’s H. Wayne Huizenga School of Business and Entrepreneurship.
Visit http://nsunews.nova.edu/business-school-hosts-national-case-competition-high-school-students/ to view the full article online. Join us this Labor Day weekend as we celebrate the 40th anniversary of Black Enterprise at our 2010 Black Enterprise/Pepsi Golf & Tennis Challenge, Sept 2-6, 2010 at the LaCosta Resort & Spa in Carlsbad, California. This year we are pleased to extend a special offer to NBMBAA Members. Register before July 31st and receive a discount of $100! Use code GTMBA when registering online. Offer excludes the guest package and may only be applied to new registrations.
Reward yourself, you deserve it! By day play a few rounds of golf or sets of tennis, unwind by the pool, or escape the stress of success at La Costa’s award-winning spa. By night were celebrating each decade, from the 70’s through 2000 with themed evening events. Enjoy surprise guest performances, music, dancing, contests and much more! Visit http://www.blackenterprise.com/gt to view the full article online. Technology
Since Apple announced that it will hold a press conference Friday about the iPhone 4, at least one Wall Street analyst is saying that there now is a "higher probability" of a recall or repair of the phone.
Visit http://blogs.wsj.com/digits/2010/07/15/the-iphone-announcement-will-there-be-a-recall/ to view the full article online. There are nine minutes until the telecast goes live. A nervous energy has permeated this cramped, souped-up broadcast center out beyond left field in Angel Stadium’s parking lot. A few hundred feet away, the annual Home Run Derby on the day before the All-Star Game is about to commence, and once the baseballs start flying beyond the outfield, there’s no coming back.
Visit http://www.wired.com/playbook/2010/07/espn-3d/ to view the full article online. Cryptography expert Bruce Schneier used to write his passwords down on a slip of paper and keep it in his wallet. Today, he uses a free Windows password-storage tool called Password Safe that he designed five years ago and released into the open-source community.
Visit http://news.cnet.com/8301-27080_3-20010621-245.html to view the full article online. Entrepreneurship
It's simple: Don't spend it. Here are 10 ways entrepreneurs waste their hard-earned capital.
Visit http://www.entrepreneur.com/magazine/entrepreneur/2010/july/207176.html to view the full article online. 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 at the NBMBAA 32nd Annual Conference & Exposition Sept. 21-25 in Los Angeles. The catch? You use only a whiteboard and marker. But your genius idea can win you $10,000! Sign up today! Registration ends today!
Visit http://www.nbmbaa.org/2010_conference_site/docs/2010_whiteboard_challenge_v3.pdf to view the full article online. The Economy
In the beach towns and bayous along the coast from Texas to Florida, the hard times wash up before the oil.
Visit http://www.businessweek.com/magazine/content/10_29/b4187049943237.htm to view the full article online. Manufacturing in the U.S. contracted in June by the most in a year and wholesale prices declined more than anticipated, underscoring the Federal Reserve’s reduced forecasts for economic growth and inflation.
Visit http://www.bloomberg.com/news/2010-07-15/manufacturing-in-u-s-contracts-by-most-in-year-wholesale-prices-decline.html to view the full article online. In a sign that the housing market has taken another turn for the worse, a new report shows almost a quarter of all home listings in the U.S. had at least one price reduction in June.
Visit http://www.time.com/time/business/article/0,8599,2003578,00.html to view the full article online. Personal Finance
Three straight weeks of record low mortgage interest rates has spurred another refi boom. That's understandable: The idea of locking in 4.5 percent for 30 years is really tempting.
Visit http://abcnews.go.com/Business/wireStory?id=11162245 to view the full article online. A month ago Michelle, who asked that her last name not be used, found herself maxed out on five credit cards and with $11,000 in debt. The 28-year-old Chicago resident had rung up a lot of it buying gas, commuting to a job an hour away.
Visit http://www.forbes.com/2010/07/14/get-rid-of-credit-card-debt-personal-finance-settlement.html to view the full article online. Corporate America
The parade of tall earnings continues. But companies, despite a growing sense of optimism, are still saving for a proverbial rainy day and hoarding cash.
Visit http://money.cnn.com/2010/07/14/markets/thebuzz/index.htm to view the full article online. Nowadays, former chief executive Anne Stevens spends time job hunting and making créme caramel in the kitchen of her 13,400-square-foot home in this Philadelphia suburb.
Visit http://online.wsj.com/article/SB10001424052748703834604575365060863092000.html to view the full article online. Government
The NAACP has approved a resolution condemning what it calls "racist elements" within the Tea Party. The vote has sparked a war of words between the two groups.
Visit http://www.npr.org/templates/story/story.php?storyId=128505089 to view the full article online. President Obama on Tuesday issued the first national AIDS plan, a strategy outline that may well be the most influential national document in the history of the AIDS epidemic in America. Now it is up to philanthropy to join forces with government to make it work.
Visit http://philanthropy.com/article/Philanthropys-Role-in/66279/ to view the full article online. Leadership
Morning people are more proactive – and therefore more successful in their professional lives – according to new research.
Visit http://www.inc.com/news/articles/2010/07/research-says-morning-people-are-more-proactive.html to view the full article online. Experts can be annoying. Especially young ones. Claiming to know more than older colleagues in a flashy way can raise their hackles, but that doesn’t mean you should strive for mediocrity.
Visit http://blogs.bnet.com/entry-level/?p=2648&tag=perspectives-upper to view the full article online. Lifestyle
First lady Michelle Obama still recalls that little brown paper bag from her childhood. It was stuffed with penny candy from the corner store and hidden under her bed.
Visit http://www.kansascity.com/2010/07/12/2079452/michelle-obama-promotes-healthy.html to view the full article online. The baseball league that helped spark integration of American professional sports is being honored today on a 44-cent U.S. postage stamp being issued at the Negro Leagues Baseball Museum.
Visit http://www.cnbc.com/id/38262185 to view the full article online. |