Top News
When I ask David Cook, a pastor from North Carolina, how often his work life seeps into his personal life he laughs a bit as he answers, "All the time." That seems to be a pretty common response when you ask people about the boundaries, or lack thereof, between work and home. In fact, most people I spoke with for this story let out a resigned chuckle when it came time to assess where exactly the distinction between work time and personal time was, if there was one at all. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2014/11/the-murky-boundaries-of-the-modern-work-day/382863/ to view the full article online.
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Netwire will be taking next week off for the U.S. Thanksgiving holiday. Wishing everyone a happy and safe holiday. Look for our next issue on December 4.
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Career
Much of my work as a coach involves helping people wrestle with an important decision. Some of these decisions feel particularly big because they involve selecting one option to the exclusion of all others when the cost of being "wrong" can be substantial: If I’m at a crossroads in my career, which path should I follow? If I’m considering job offers, which one should I accept? If I’m being asked to relocate, should I move to a new city or stay put? (Harvard Business Review)
Visit https://hbr.org/2013/11/stop-worrying-about-making-the-right-decision to view the full article online.
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It’s easy for someone who does a great job as a No. 2 to get pigeonholed as the boss’s sidekick. Star Fischer, 33, stepped out of the long shadow of her outgoing, entrepreneurial boss and shook off her old image as an able lieutenant by finding unconventional ways to document her achievements. Here’s how she did it. (The Wall Street Journal)
Visit http://online.wsj.com/articles/career-makeover-from-loyal-sidekick-to-partner-1416343901 to view the full article online.
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International
The German economy has narrowly avoided recession, growing by 0.1% in the third quarter of the year, figures show. With the economy having shrunk 0.1% in the previous quarter, another negative figure would have implied a recession. Germany's growth, together with stronger-than-expected expansion in France of 0.3%, helped the eurozone as a whole to grow by 0.2% in the quarter. (BBC News)
Visit http://www.bbc.com/news/business-30049286 to view the full article online.
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While no researcher that I'm aware of has formally tested Europeans or Americans on African geography, tourists' collective response to the Ebola epidemic – which is concentrated in West Africa – provides plenty of evidence that their obliviousness is not restricted to the Northern Hemisphere. For fear of catching Ebola, would-be tourists have been avoiding countries such as Tanzania and South Africa – even though they're farther away from the outbreak than many European capital cities. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2014/11/geographical-illiteracy-is-hurting-africas-tourism-industries/382879/ to view the full article online.
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Education
"Discount MBA degrees. Get 'em while they’re cheap!" It’s not a sign you’ll see hanging from any respectable business school, but highly regarded institutions across the U.S. are increasingly providing deep MBA discounts as they fight ferociously over the most talented applicants. (Fortune)
Visit http://fortune.com/2014/11/20/mba-scholarship-wars/ to view the full article online.
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NBMBAA
KeyBank and The Ohio State University Fisher College of Business have announced the 11th Annual Minority MBA Student Case Competition, February 27-March 1, 2015 in Cleveland, OH. Team registration is open now through December 19.
Save the Date
Learn More...
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Technology
Kristen Geil, a writer for an Internet marketing firm in Chicago, heard about Venmo for the first time two summers ago. Her new roommate, who had just arrived in town from New York, was raving about this app that allows users to send and receive payments over their smartphones. There was also a social media component to the app that made the mundane act of splitting bills kind of fun. (Businessweek)
Visit http://www.businessweek.com/articles/2014-11-20/mobile-payment-startup-venmo-is-killing-cash to view the full article online.
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Entrepreneurship
As any entrepreneur knows, failure is an inherent – and indeed likely – risk of the startup life. Let’s be honest: that’s one of the reasons we love it. The stakes are high and worth fighting for. We believe in what we’re doing and in the change that a new solution can accomplish. Call it "disruption or death." Yet being truly disruptive can be a double-edged sword. (Fortune)
Visit http://fortune.com/2014/11/17/what-to-do-when-the-government-effectively-shuts-down-your-startup/ to view the full article online.
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Funding for health IT has reached more than $956 million in 2014, according to an October 2014 study by HIT Consultant, bringing with it an explosion of startups. Additionally, changes in our healthcare system have brought opportunities to grow health-tech startups in many fields. Many of them don’t make it. Check out these tips from three successful health-tech startups. (Entrepreneur)
Visit http://www.entrepreneur.com/article/239937 to view the full article online.
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The Economy
Seven million Americans are stuck in part-time jobs. They are unable to get full-time work and the benefits and stability that come with it. It's a constant struggle for these families and a worrying sign for America's recovery. Overall U.S. unemployment has fallen steeply in the past year (from 7.2% in October 2013 to 5.8% in October 2014), but too many people can only find part-time positions. (CNN/Money)
Visit http://money.cnn.com/2014/11/20/news/economy/america-part-time-jobs-poverty/index.html?iid=HP_LN to view the full article online.
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Personal Finance
In my work as a consumer psychologist and author, I’ve read countless studies about consumer behavior, and I’ve conducted plenty of research on my own, interviewing hundreds of shoppers about how, when, and why they shop. Here’s what I’ve learned about how to avoid piling up too much stuff and how to stop making unnecessary, excessive, and ultimately unsatisfying purchases. (Money)
Visit http://time.com/money/3070984/overspending-overconsumption-stuff/ to view the full article online.
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For some of us, money is vital and crucial but not paramount. It's simply a tool, a source of power used in service of others and a life well lived. Others are consumed with such a hunger for money that it destroys them and everyone around them. Some are even willing to give up things that are far more valuable to get it: their health, their time, their family, their self-worth, and, in some cases, even their integrity. (Inc.)
Visit http://www.inc.com/tony-robbins/the-one-simple-secret-to-wealth.html to view the full article online.
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Professional Development
On weekday mornings, Daria Demina rises at 5AM in Moscow with a thirst for knowledge. The financial bachelor’s student, enrolled at the Plekhanov Russian University of Economics, is at her peak of activity from 6AM. The only problem is that her classmates and lecturers are all still fast asleep. "I... Have a weird regime," says Daria. The ambitious Russian financier won’t wait for them to wake. Like a growing number of MBA candidates, she plugs into cyberspace to supplement her learning in-between degree studies. (Business Because)
Visit http://www.businessbecause.com/news/mba-distance-learning/2922/mba-candidates-go-the-distance-with-online-courses to view the full article online.
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Master of Business Administration (MBA) degrees are growing in prevalence amongst c-suite executives. In fact, a recent Harvard Business Review list of the best performing CEOs indicates more than one in four has completed an MBA. However, the decision to complete an MBA can be daunting. It requires a high level of dedication and commitment, with many courses requiring students to leave their job or take a sabbatical to complete their degree. (Australia Business Review)
Visit http://www.businessreviewaustralia.com/leadership/1419/Three-Ways-You-Can-Fit-An-MBA-Into-Your-Busy-Life to view the full article online.
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Corporate America
The Patriot Center at George Mason University, half an hour west of Washington, is a popular place to watch concerts, college athletics, professional wrestling and other events that command the attention of the adult world. But no event in the 29-year history of the arena has attracted as many people or earned as much money as last month’s performances of "Disney on Ice Presents ‘Frozen.’" (The New York Times)
Visit http://www.nytimes.com/2014/11/23/magazine/how-disney-turned-frozen-into-a-cash-cow.html?ref=business to view the full article online.
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Government
Moscow needs the West. One of the axioms of global geopolitics is that a country can project power only as far as its economic might allows. There is good reason why the United States, by far the world’s largest economy, has been the dominant force in all things political and military for the past 60 years. And we can see China now rising to superpower status on the back of its spectacular economic ascent. (Time)
Visit https://time.com/3596744/russia-economy-ukraine-sanctions-putin-geopolitical-ambition-foreign-policy/ to view the full article online.
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Lifestyle
The more she thought about eating healthy, the more intrigued she was by a new store: Whole Foods, which had just opened in Detroit. "It was on the news. People were talking about it at church," Ruff said. "Everybody was talking about it." That included people outside of Detroit, too. As the city neared bankruptcy, national media questioned why a grocer derided as "Whole Paycheck" – a nod to the chain’s longstanding strategy of charging a premium for organic, local, and sustainable food – would open a store there. Whole Foods’ answer was even more surprising: The store, said company leaders, was about social equity as much as profit. (Slate)
Visit http://www.slate.com/articles/life/food/2014/11/whole_foods_detroit_can_a_grocery_store_really_fight_elitism_racism_and.html to view the full article online.
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When you’re a kid, making new friends is fairly easy. There’s school, sports, and a slew of extracurricular activities where you meet other kids and form relationships. When you’re an adult, however, the process isn’t quite so effortless. Commitments such as work and family limit free time and – unlike during childhood – it can feel awkward to ask someone, "Do you want hang out?" "Professionals who accomplish amazing goals like starting companies often admit that they have a hard time making friends," says Shasta Nelson, author of Friendships Don’t Just Happen. (Fast Company)
Visit http://www.fastcompany.com/3038537/how-to-make-new-friends-as-an-adult to view the full article online.
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