Top News
Viewers hoping for Hail Mary passes and all-out blitzes to battle the renewed economic slowdown should be advised to stay tuned to the NFL game that follows President Barack Obama’s speech Thursday night. (MarketWatch)
Visit http://www.marketwatch.com/story/obama-to-play-small-ball-constrained-by-gridlock-2011-09-07 to view the full article online. The collapse of the middle class is greater than the Great Recession. But what's really behind our 30-year crash? One statistic, often ignored, begins to provide a clearer picture. It's the productivity, stupid. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2011/07/the-greater-recession-the-real-reason-americans-feel-so-squeezed/242704/ to view the full article online. Collaboration is a buzzword these days. Leaders want to get people to think as one company. But managers in different functions or different business units seem surprisingly reluctant to work together. Jealousies, misunderstandings and enmity seem more common than collaboration. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2011/09/collaboration_is_misunderstood.html to view the full article online. Career
Job seekers may be very surprised to learn that human resources pros and recruiters attend conferences to talk about "the war for talent." (U.S. News and World Report)
Visit http://money.usnews.com/money/blogs/outside-voices-careers/2011/09/07/how-to-find-a-job-in-a-jobless-economy to view the full article online. Under heavy pressure from government regulators and insurance companies, more and more physicians across the country are learning to think like entrepreneurs. (The New York Times)
Visit http://www.nytimes.com/2011/09/06/business/doctors-discover-the-benefits-of-business-school.html to view the full article online. The boundaries of the boss-employee relationship were once clear and unambiguous. The boss was the distant, forbidding figure who gave the orders, while the employee's place was to do as they were told. (CNN)
Visit http://edition.cnn.com/2011/BUSINESS/08/31/hume.route.to.the.top.boss/index.html to view the full article online. Diversity in the Workplace
Sallie Krawcheck's departure from a high-ranking job at Bank of America spotlights a trend on Wall Street: Women, in recent years, have lost their jobs more often than men. (Los Angeles Times)
Visit http://www.latimes.com/business/la-fi-financial-glass-ceiling-20110908,0,5635013.story to view the full article online. International
Central bankers are not known for seeking solace in the heavens. But at their annual symposium in Jackson Hole, organised by the Federal Reserve Bank of Kansas City, the world’s leading monetary mavens could be found, after dinner, peering enthusiastically into telescopes set up by the local astronomy club. As he spied the M82 galaxy, 12m light-years away, one central banker remarked: "That puts our problems into perspective." (The Economist)
Visit http://www.economist.com/node/21528266 to view the full article online. If the United States dips back into recession, the eurozone will have helped push it over the edge. Indeed, investors' concerns about the eurozone's myriad financial and economic woes have been a big factor in the global stock market plunge this summer. (Christian Science Monitor)
Visit http://www.csmonitor.com/Business/new-economy/2011/0907/Europe-s-debt-woes-threaten-eurozone-and-the-US to view the full article online. Education
Amid declining state financial support for universities, many schools are relying on nonresidents – and working hard to recruit them – to make ends meet. (Bloomberg/ Businessweek)
Visit http://www.businessweek.com/business-schools/the-outofstate-solution-to-college-budgets-09072011.html to view the full article online. Dubbed "The Class The Dollars Fell On" by Fortune magazine, the 1949 graduates of the Harvard Business School were undoubtedly the most celebrated group of MBAs in history. Though the 700 or so members of the class graduated with modest expectations, more than a third would become CEOs and well over half would end up as multi-millionaires. (Poets & Quants)
Visit http://poetsandquants.com/2011/08/22/the-class-the-loans-fell-on/ to view the full article online. NBMBAA
Realize your dream of starting a new venture or get the knowledge you need to supercharge an existing business at NBMBAA's one-day Entrepreneurial Institute during the 33rd Annual Conference & Exposition October 4-8 in Atlanta. This workshop offers tracks tailored for start ups, growth and social ventures and now you can afford to go – fees are just $150. Sign up today!
Visit http://www.nbmbaaconference2011.org to view the full article online. Technology
Much like the Bionic Woman, the Motorola Droid Bionic is sleek, fast, and powerful. It's everything you want from a high-end smartphone, but its high price may be a deterrent. (CNet)
Visit http://reviews.cnet.com/smartphones/motorola-droid-bionic-verizon/4505-6452_7-34468463.html?tag=TOCcarouselMain.0 to view the full article online. Yahoo founder and ex-CEO Jerry Yang wants you and all Yahoo employees to know that Yahoo is not for sale. Not. For. Sale. However, Yang also wants you to know that the company is hiring advisory firms to "explore strategic options." So, if you happen to be taking a look and see something you simply must have, Yahoo might be persuaded to part with it. But whatever, no big deal. (Wired)
Visit http://www.wired.com/epicenter/2011/09/whats-yahoo-really-worth/ to view the full article online. Entrepreneurship
I'm getting ready to go overseas to teach, and I've spent the last week reviewing several countries' ambitious attempts to kick-start entrepreneurship. After poring through stacks of reports, white papers and position papers, I've come to a couple of conclusions. (Fast Company)
Visit http://www.fastcompany.com/1778392/why-governments-don-t-get-startups to view the full article online. Jarrett Pumphrey grew up in Houston Texas, where his father managed a successful practice. Pumphrey channeled his father’s business acumen into his own venture, ClearCorrect, which makes an alternative to braces. (Inc.)
Visit http://www.inc.com/ss/2011-inc-5000-top-10-black-entrepreneurs#0 to view the full article online. The Economy
If history is a guide, the odds that the American economy is falling into a double-dip recession have risen sharply in recent weeks and may even have reached 50 percent. (The New York Times)
Visit http://www.nytimes.com/2011/09/08/business/economy/american-economy-on-the-verge-of-a-double-dip-recession.html?ref=business to view the full article online. Much has transpired on the economic front since terrorists attacked the U.S. on Sept. 11, 2001. The nation weathered two recessions; homeowners suffered record foreclosures; workers faced double-digit unemployment; and investors trudged through a lost decade – stock markets aren’t much better off today than they were ten years ago. (Kiplinger's)
Visit http://www.kiplinger.com/slideshow/September_11_economy/1.html#top to view the full article online. Personal Finance
Almost half of Leslie Quick’s personal portfolio is dedicated to hedge funds, a position he’s increased this year even as the lightly regulated asset pools have returned less than 4 percent. (Bloomberg)
Visit http://www.bloomberg.com/news/2011-09-07/wealthy-investors-keep-paying-hedge-fund-fees-even-with-anemic-returns.html to view the full article online. Precious metals are in an asset class all their own. They zig when other markets zag. They often rise when other investments -- stocks, bonds and your home – fall. They can give your portfolio real diversification. Some smart investors argue that you should always hold about 5 percent of your portfolio in precious metals. (Smart Money)
Visit http://www.smartmoney.com/invest/strategies/enticed-by-gold-mining-stocks-might-be-the-better-move-1312407147560/?link=SM_hp_ls4e to view the full article online. Professional Development
You must take responsibility for your own career future since it's not your boss's job to look out for you. Many people are blindsided by lay-offs and downsizings that are economy driven and don't have anything to do with work performance. (Huffington Post)
Visit http://www.huffingtonpost.com/caroline-dowdhiggins/women-career-advancement_b_949380.html to view the full article online. Corporate America
"I’ve just been fired." With those four words, Yahoo’s chief executive, Carol A. Bartz, did something Tuesday afternoon that dismissed managers almost never do: She told the truth. (The New York Times)
Visit http://www.nytimes.com/2011/09/08/technology/carol-bartzs-blunt-e-mail-on-firing-raises-issues.html?ref=business to view the full article online. Amazon has been boldly attempting to turn its liability into an asset, offering to locate warehouses and their jobs in states that agree to exempt it from sales tax collection obligations for some number of years. (Forbes)
Visit http://www.forbes.com/sites/janetnovack/2011/09/05/a-post-labor-day-look-at-amazons-jobs-and-tax-strategy/ to view the full article online. Government
By the end of September, the U.S. Postal Service will be on the brink of defaulting on its employee pension obligations, unable to borrow more money, and have just enough cash to cover operations for a week. (NPR)
Visit http://www.npr.org/2011/09/07/140230142/five-ways-the-postal-service-could-reinvent-itself to view the full article online. The recent announcement that California's unemployment again nudged up to 12 percent – second worst in the nation behind its evil twin, Nevada – should have come as a surprise but frankly did not. From the beginning of the recession, the Golden State has been stuck bringing up a humbled nation's rear and seems mired in that less-than-illustrious position. (Newsweek)
Visit http://www.thedailybeast.com/articles/2011/08/31/why-california-is-no-longer-the-golden-state.html to view the full article online. Leadership
The City of Detroit has had more ups and downs than the most pampered celebrity divas. Once hailed as a beacon of innovation and entrepreneurship, the city has more recently suffered decades of decay and neglect. (Inc.)
Visit http://www.inc.com/articles/201109/josh-linkner-innovation-lessons-from-detroit.html to view the full article online. After joining Goodyear Tire & Rubber Co. in 2004, Pierre Cohade's first move as the new president of Asia-Pacific was to re-locate the regional headquarters from Akron, Ohio, where the company is based, to Shanghai. How times have changed. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424053111903454504576487593768691666.html?mod=WSJ_mgmt_MiddleSecondHighlights to view the full article online. Lifestyle
The Sept. 11, 2001, terror attacks by al-Qaida were meant to harm the United States, and they did, but in ways that Osama Bin Laden probably never imagined. The response to the attacks compromised America's basic principles, undermined its economy, and weakened its security. (Slate)
Visit http://www.slate.com/id/2302949/ to view the full article online. |