Black MBA NetWire

"If the American economy was the Titanic and the iceberg that sank the Titanic was the financial crisis, then STEM jobs would be the few available lifeboats rescuing passengers." That’s according to SmartAsset’s research team. The financial software and data firm just completed its second annual analysis of Census Bureau data on the demographics of STEM employment in the 50 U.S. cities with the largest STEM workforces.(Fast Company)

Visit http://www.fastcompany.com/3061390/the-future-of-work/these-are-the-best-cities-for-people-of-color-in-tech to view the full article online.

The campaign to leave the European Union repeatedly urged Britain to "Take back control". It is now a week since voters narrowly opted for Brexit, and the country has seldom looked so wildly off the rails. The prime minister has handed in his notice. The leader of the opposition is struggling to survive a coup. The pound hit a 31-year low against the dollar and banks lost a third of their value, before stabilizing. Meanwhile there is talk in Scotland and Northern Ireland of secession. (The Economist)

Visit http://www.economist.com/news/leaders/21701479-leaderless-and-divided-britain-has-its-first-taste-life-unmoored-europe-adrift to view the full article online.

More than a half-century ago, Betty Friedan set out to call attention to "the problem that has no name," by which she meant the dissatisfaction of millions of American housewives. Today, many are suffering from another problem that has no name, and it’s manifested in the bleak financial situations of millions of middle-class – and even upper-middle-class – American households. (The Atlantic)

Visit http://www.theatlantic.com/business/archive/2016/05/american-financial-hell/481107/ to view the full article online.

We desperately want to feel valued — by leaders, colleagues, and our organization. Sadly, many employees feel disrespected at work; over half (54%) of employees claimed that they don’t regularly get respect from their leaders. The percentage of people feeling disrespected skyrockets if we include colleagues and their organization. (Harvard Business Review)

Visit https://hbr.org/2016/06/how-to-succeed-at-work-when-your-boss-doesnt-respect-you?referral=00563&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date to view the full article online.

"In today’s job market, your resume needs to immediately stand out," says Dawn Bugni, a professional resume writer in Wilmington, N.C. Attention spans are at an all-time short, with hiring managers spending just six seconds looking at a resume before deciding whether the applicant is worth further consideration, a recent study by TheLadders found. (Time.com)

Visit http://time.com/money/4171054/resume-tips-advice/?xid=homepage to view the full article online.

Do you ever wonder what the boss really thinks about you? Finding out can be a difficult and delicate task. While most people fear the overly blunt, critical boss, an overly nice or evasive boss can be just as frustrating. In a previous job in software sales, Mark Phillips of Boulder, Colo., hit sales targets for two years but got little feedback—and no sense of when he might be promoted. He confronted his boss bluntly, saying, "I need to know an answer." But his boss simply told Mr. Phillips to "trust" that the boss had his best interests at heart. Mr. Phillips accepted another job the next day. (The Wall Street Journal)

Visit http://www.wsj.com/articles/how-to-find-out-what-the-boss-really-thinks-of-you-1467138157 to view the full article online.

Improving ethnic and gender diversity in the U.S. technology workforce represents a massive economic opportunity, one that could create $470-$570 billion in new value for the tech industry, and could add 1.2-1.6% to national GDP. (Intel)

Visit http://www.intel.com/content/www/us/en/diversity/decoding-diversity-report.html to view the full article online.

For smart companies, talent — and the talent pipeline — is a preoccupation bordering on obsession. But companies looking to diversify their future ranks are going to be facing some serious headwinds, if the ongoing racial divides in the public school system aren’t fixed. In the fall of 2014, the nation’s public school population was, for the first time, "majority-minority," a phrase that should finally call into question the definition of minority once and for all. And kids of color are not faring as well they should. (Fortune)

Visit http://fortune.com/2016/06/29/pipeline-race-employers-education/ to view the full article online.

It's China 1, USA 0 when it comes to so-called "economic warfare." As China has risen to become the world's No. 2 economy, it has repeatedly used its business and financial clout to get what it wants on the world stage, say foreign policy experts Robert Blackwill and Jennifer Harris. (CNN Money)

Visit http://money.cnn.com/2016/06/30/news/economy/china-us-war-by-other-means/index.html?iid=hp-toplead-dom to view the full article online.

"No man is an island," the English poet and Anglican cleric John Donne wrote in 1624, presaging the Brexit vote by almost four centuries. "If a clod be washed away by the sea, Europe is the less." Europe is indeed the less today. A wave of populist anger is washing away from Europe not just one clump of dirt but the entire U.K., population 64 million, the second-biggest economy in the European Union. (Businessweek)

Visit http://www.bloomberg.com/news/features/2016-06-30/after-brexit-here-s-what-s-next-for-europe to view the full article online.

Engineering students at select historically Black colleges and universities may have an advantage over students at other institutions when it comes to getting into the doors of Google. For the past three years, Google has had engineers planted at HBCUs as part of their commitment to increased diversity not just within their institution, but across the industry. (NBC News)

Visit http://www.nbcnews.com/news/nbcblk/google-sets-sights-hbcus-recruitment-efforts-n601476 to view the full article online.

More than 40% of technology companies plan to hire graduates of masters-level programs in data analytics – nearly twice as many as companies in other sectors. The findings, published Tuesday in the Graduate Management Admissions Council’s annual corporate recruiters survey, highlight the surging demand in Silicon Valley for managers who can merge business nous with big data analysis. (Business Because)

Visit http://www.businessbecause.com/news/mba-careers/4029/employers-snap-up-data-analytics-masters-graduates to view the full article online.

More than 20 teams of high school students from across the country participated in the 2016 National Black MBA Association® (NBMBAA®) Leaders of Tomorrow® (LOT®) National Business Case Competition, which was held on the campus of Southern Methodist University on Friday and Saturday, June 24 and 25. First place honors went to the Dallas, Texas Leaders of Tomorrow team, the host chapter for this year's competition. (Charleston Chronicle)

Visit http://www.charlestonchronicle.net/109420/2152/national-black-mba-association%C2%AE-announces-winners-of-the-15th-annual-leaders-of-tomorrow%C2%AE-national-business-case-competition to view the full article online.

More than 20 teams of high school students from across the country participated in the 2016 National Black MBA Association® (NBMBAA®) Leaders of Tomorrow® (LOT®) National Business Case Competition, which was held on the campus of Southern Methodist University on Friday and Saturday, June 24 and 25. First place honors went to the Dallas, Texas Leaders of Tomorrow team, the host chapter for this year's competition. The team will split $15,000 in scholarship money, and Delta Air Lines, a competition sponsor, also gifted the team with $500 travel vouchers for each of its members. (Defender Network)

Visit http://defendernetwork.com/news/2016/jun/27/winners-national-black-mba-competition-announced/ to view the full article online.

Carmon Cunningham was a loving father, husband, brother and friend. Carmon was born on May 30, 1954 to Melvia and Roosevelt Cunningham in Portland, Oregon. He attended John Adams High School, graduating in 1972, before getting his Bachelor's Degree in Economics at Pacific University in Oregon in 1976. During his time in college, he was known for starting the Concerned Black Students Organization and serving as its President, and also for his role as a DJ for the college music radio station. (Patch.com)

Visit http://patch.com/massachusetts/wilmington/carmon-cunningham-62-wilmington to view the full article online.

San Francisco-based Dropbox has given its products a facelift amid a broader strategic shift towards business collaboration, rather than file-sharing. (Upstart Business Journal)

Visit http://upstart.bizjournals.com/companies/startups/2016/06/23/dropbox-new-tools-app-microsoft-post-unicorn.html to view the full article online.

Instagram is a go-to app for sharing lifestyle photos of brunches, sunsets, and pets, and it’s helped breed a new kind of Internet star: an influencer/tastemaker. These people have hundreds of thousands of followers, and use that clout to make money from brands. But now, other smaller businesses and advertisers, who may not be looking for worldwide virality, are turning to the platform to make bank, and it's becoming a crowded space. (Fast Company)

Visit http://www.fastcompany.com/3061429/the-long-and-meandering-evolution-of-businesses-on-instagram to view the full article online.

Small businesses aren’t exactly being choked off entirely from getting approved. And the market has been improving for small businesses seeking loans. But in order to get a lender to take a flyer on your small business, it’s best not to make a rookie mistake on your way to getting that loan approval. Below are some of the top small business loan mistakes you can make. (Small Business Trends)

Visit http://smallbiztrends.com/2016/03/top-small-business-loan-mistakes.html?tr=sb_pop_tcs to view the full article online.

Ace Callwood is the $500,000 man. Along with his partners, this tech entrepreneur launched Painless 1099, a tax solution for freelancers and independent contractors.(Black Enterprise)

Visit http://www.blackenterprise.com/technology/his-finance-tech-app-won-half-a-million-dollars-for-its-simple-brilliance/ to view the full article online.

America consistently hails the iconic entrepreneur: we perpetuate a lofty, myopic, unrealistic standard of entrepreneurial success defined by trendy inventions, fast-paced growth and billion dollar profits. But by painting this whitewashed picture of entrepreneurism, we delude ourselves about the reality of American business ownership. Tiny, lower-revenue businesses are the norm for most entrepreneurs. (The Huffington Post)

Visit http://www.huffingtonpost.com/dedrick-muhammad/unstacking-the-deck-for-a_b_10592864.html to view the full article online.

The number of renters dedicating at least half of their income toward housing hit a record high of 11 million people in 2014, according to the annual State of the Nation's Housing Report from the Joint Center for Housing Studies of Harvard University. (CNN Money)

Visit http://money.cnn.com/2016/06/22/real_estate/rent-affordability-housing-harvard/index.html?iid=surge-story-summary to view the full article online.

Last week, it was announced that the results of the first round of the Federal Reserve’s annual "stress tests" – hich evaluate whether U.S. banks have enough capital to withstand a financial crisis—were positive: All 33 U.S. banks passed the "warm up" stress tests, signaling that they could, hypothetically, withstand an estimated $385 billion in losses should a recession occur. (The Atlantic)

Visit http://www.theatlantic.com/business/archive/2016/06/fed-stress-test/489485/ to view the full article online.

We’ve created this guide, which includes our third annual list of best and worst franchises in America, and a number of other articles about franchising. (Forbes)

Visit http://www.forbes.com/sites/amyfeldman/2016/06/22/ranking-americas-best-and-worst-franchises-which-are-the-best-investments/#6f97c1737abd to view the full article online.

A new survey from CreditCards.com found that 93 million credit card holders are still receiving their statements on paper instead of online, and 43 million of them actually prefer it that way. (USA TODAY)

Visit http://www.usatoday.com/story/money/personalfinance/2016/06/23/millions-americans-prefer-their-credit-card-statements-paper/86286924/ to view the full article online.

When you need to shore up talent on your team but don’t want the expense of a full-time employee, an independent contractor can be an effective solution. A recent survey by staffing firm Addison Group found that 94% of hiring managers are more comfortable bringing on freelance employees than five years ago, and 88% are more comfortable doing so for senior positions, too. Fifty-eight percent of employees said they wouldn’t mind if their boss was a temp. (Fast Company)

Visit http://www.fastcompany.com/3061269/hit-the-ground-running/the-secrets-to-hiring-management-level-freelancers to view the full article online.

Hertz Global Holdings Inc. said it reached new deals to rent cars to drivers for Uber Technologies Inc. and its rival Lyft, which could help the car rental company shore up its business as the ride-hailing services race to bulk up on drivers. Shares of Hertz, which have fallen 24% so far this year through Wednesday’s close, climbed 5.9% in premarket trading. (The Wall Street Journal)

Visit http://www.wsj.com/articles/hertz-reaches-deals-to-rent-to-uber-lyft-1467292561 to view the full article online.

Despite a great deal of lip service to digital transformation, the effect of all these great words on most companies is this: not much. Digital transformation halts, or fails, for many reasons—but most often it’s because minor changes at the surface level do nothing to affect the fundamental operations of a company. (Harvard Business Review)

Visit https://hbr.org/2016/06/to-go-digital-leaders-have-to-change-some-core-beliefs to view the full article online.

Creating a leadership circle is a step toward addressing these shortfalls. To be clear about a few things up front: This is not a call for organizational restructuring, nor is it the adding of another layer of management or the establishment of a new committee per se. Instead, this is about bringing people together (regardless of their current roles and responsibilities) to focus explicitly on a future opportunity that is central to the long-term viability of the company. (Harvard Business Review)

Visit https://hbr.org/2016/06/to-seize-the-future-create-a-leadership-circle?referral=00563&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date to view the full article online.

A recent survey conducted by Harris Interactive and consulting firm EY provides proof that traditional gender roles are slowly shifting when it comes to working parents. (Black Enterprise)

Visit http://www.blackenterprise.com/career/more-fathers-willing-make-career-changes-work-life-balance/ to view the full article online.