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If this presidential election seems several decibels louder (and angrier) than the last one four years ago, there’s a reason. Most Americans are worse off than they were in 2012. And they fear things are only going to get more dire. (Fortune)
Visit http://fortune.com/2016/07/27/american-jobs-quality-wages/ to view the full article online. |
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Wealth isn't necessarily bad in and of itself, but a new report suggests there's a correlation between the rich getting richer and everyone else getting left behind. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2016/07/when-gains-at-the-top-hurt-those-at-the-bottom/493070/ to view the full article online. |
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The #BankBlack revolution has already began. Thousands of African Americans across the country are transferring their money to Black-owned banks that invest in urban communities and businesses. Initiated by several celebrities like Solange and rapper Killer Mike, the initiative is in response to years of police brutality, discrimination, and other racial problems that have long existed in America. (Black Business)
Visit http://blog.blackbusiness.org/2016/07/bank-black-top-black-owned-banks-credit-unions-financial-institutions.html#.V5jXCGgrJpg to view the full article online. |
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Executives often promote outstanding employees to supervisory or managerial positions as part of their strategy to retain the best ones. There is nothing wrong with promoting the best people to management ranks, but the problem is that most of them lack managerial skills. A promotion can start out well but turn into a disaster, both for the company and the new manager. These people may be brilliant engineers, accomplished biologists or cutting-edge computer scientists but, if they lack managerial skills, promoting them is a risky venture. (Pacific Coast Business Times)
Visit http://www.pacbiztimes.com/2016/07/22/soft-skills-key-to-successful-managers/ to view the full article online. |
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Sometimes a company policy says that internal candidates can only be considered for a job opening if several external candidates are also interviewed. (Forbes)
Visit http://www.forbes.com/sites/lizryan/2016/07/26/five-signs-your-interview-is-fake-because-theyve-already-hired-someone/#20c6c76d67f2 to view the full article online. |
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Attention to bias’s blatant forms should not divert attention from its subtle ones. Indeed, social science data shows that people are much more likely to encounter subtle forms of bias than overt ones. (Harvard Business Review)
Visit https://hbr.org/2016/07/why-subtle-bias-is-so-often-worse-than-blatant-discrimination?referral=00202&cm_mmc=email-_-newsletter-_-weekly_hotlist-_-hotlist_date&utm_source=newsletter_weekly_hotlist&utm_medium=email&utm_campaign=hotlist_date to view the full article online. |
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The tech industry, which has talked about diversity for the past two years but made little progress in hiring more underrepresented minorities. Silicon Valley earned praise and support in 2014 when several companies publicly committed themselves to building workforces that value equality and people from all walks of life. It was a milestone. (Chicago Tribune)
Visit http://www.chicagotribune.com/business/success/inc/tca-reports-show-tech-industry-doing-little-after-talking-a-lot-about-diversity-20160722-story.html to view the full article online. |
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Amazon has long set its sights on India as an important market, one CEO Jeff Bezos recently called the company’s "fastest growing geography." This underscores the importance of Amazon's announcement Tuesday that its Prime membership program is now be available to the nation of 1.3 billion. (USA TODAY)
Visit http://www.usatoday.com/story/tech/news/2016/07/26/amazon-prime-comes-india/87564704/ to view the full article online. |
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The U.K. market for commercial property has just been hit with another massive Brexit aftershock.Four more big asset management firms have halted trading in commercial property funds in the past 24 hours, the latest sign of turmoil since the U.K. voted to leave the European Union on June 23. (CNN Money)
Visit http://money.cnn.com/2016/07/07/news/economy/brexit-uk-property-funds-frozen/index.html?iid=ob_article_hotListpool to view the full article online. |
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The U.S. Department of Education has proposed regulations that seek to improve oversight and protect more than 5.5 million distance education students at degree-granting institutions, including nearly 3 million exclusively online students by clarifying the state authorization requirements for postsecondary distance education. (U.S. Department of Education)
Visit http://www.ed.gov/news/press-releases/education-department-proposes-rule-state-authorization-postsecondary-distance-education-foreign-locations to view the full article online. |
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Oracle wants to expand the size of its cloud. The software giant, which has its own growing cloud computing business, is making a $9.3 billion bid to acquire NetSuite, another cloud software company, the companies said Thursday. (USA TODAY)
Visit http://www.usatoday.com/story/tech/news/2016/07/28/oracle-acquires-netsuite-93-billion/87652732/ to view the full article online. |
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Chinese tech firm LeEco announced an agreement to buy American TV-maker Vizio for $2 billion. The move joins one of the largest manufacturers of cheap televisions in the U.S. with a company that few have heard of outside of Asia. LeEco, often described as the Netflix of China, operates both a streaming video business and smart TV business of its own there–and its founder has even greater ambitions to bring the company into everything from cell phones to self-driving cars. (Forbes)
Visit http://www.forbes.com/sites/briansolomon/2016/07/26/chinas-leeco-buys-vizio-for-2-billion-in-smart-tv-market-grab/#18ee3ebd6998 to view the full article online. |
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And half the money moved with it is coming from non-U.S. markets. According to retailers, Apple Pay now represents 75% of all contactless payments made in the U.S. (Fortune)
Visit http://fortune.com/2016/07/26/apple-pay-contactless/ to view the full article online. |
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Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. Now it’s being sold to Verizon for comparative chump change. (Forbes)
Visit http://www.forbes.com/sites/briansolomon/2016/07/25/yahoo-sells-to-verizon-for-5-billion-marissa-mayer/#211a287071b4 to view the full article online. |
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Andre Swanston co-founded the company Tru Optik which creates intelligence and analytical software for media and entertainment companies. (Black Enterprise)
Visit http://www.blackenterprise.com/technology/an-over-the-top-african-american-tech-entrepreneur/ to view the full article online. |
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Convention organizers - from the party and the city - said they would send 35 percent of the business to minority contractors - female, African American, Hispanic, LGBT, veterans, and disabled. So how did it go? (Philadelphia Inquirer)
Visit http://www.philly.com/philly/business/20160724_The_DNC_Minority_Report.html to view the full article online. |
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Twenty-six year old Freddie Figgers became one of the youngest African-Americans to own and operate an independent, U.S.-based telecommunications company when he launched Figgers Communications. (Black News.com)
Visit http://www.blacknews.com/news/freddie-figgers-young-black-entrepreneur-owns-operates-independent-telecommunications-company-patents/#.V5jWs2grJph to view the full article online. |
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The good news is that incomes are growing. The not so good news is that income growth for the top 1% of wealthy Americans continues to far outpace growth for the rest of us. (Black Enterprise)
Visit http://www.blackenterprise.com/money/incomes-growing-stark-wealth-gap-persists/ to view the full article online. |
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The free market doesn't exist. The market is governed by many rules, almost of all which don't benefit workers. But people made the rules, and people can change them. (Fast Company)
Visit http://www.fastcoexist.com/3061910/13-ways-we-can-fix-the-free-market-so-it-works-for-regular-people-not-just-the-rich to view the full article online. |
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Back in the 1938, economist Alvin Hansen coined the term secular stagnation to describe the U.S. economy grappling with sluggish growth after the Great Depression. Nearly eight decades later, a recent report from Goldman Sachs is warning that America is stuck in a similar pattern. *Forbes)
Visit http://www.forbes.com/sites/shreyaagarwal/2016/07/26/goldman-warns-that-secular-growth-stocks-cant-outrun-a-stagnant-economy-forever/#5121659477e7 to view the full article online. |
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Workers know they should do a better job of hitting their savings targets. Many of them want their employers to lead the way. In fact, 75 percent believe they ought to save at least 10 percent of their pretax salary for retirement, according to a recent JPMorgan Asset Management survey of 1,000 individuals. Of those, 76 percent are falling short of the target. (CNBC)
Visit http://www.cnbc.com/2016/07/27/workers-to-employers-help-me-save.html to view the full article online. |
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Reverse mortgages — which let homeowners 62 and older tap their accumulated home equity without facing monthly payments in return — earned a bad reputation over the years when they were subject to widespread abuses by lenders. (The New York Times)
Visit http://www.nytimes.com/2016/07/23/your-money/the-quiet-comeback-of-reverse-mortgages.html?ref=your-money to view the full article online. |
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Boeing picked up $4.13 billion of orders from Asian carriers, underscoring growing demand in the region even after the aviation industry's biggest annual show at Farnborough earlier this month racked up the lowest tally in six years. (Chicago Tribune)
Visit http://www.chicagotribune.com/business/ct-boeing-asian-carriers-20160727-story.html to view the full article online. |
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A presidential directive signed by President Obama Tuesday will put the FBI in charge of responding to all cyber threats and give the federal government a more active role in investigating, preventing and mitigating attempts to hack into U.S.-based computer networks. (USA TODAY)
Visit http://www.usatoday.com/story/news/politics/2016/07/26/obama-fbi-cybersecurity-ppd/87565236/ to view the full article online. |
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U.S. Treasury on Wednesday said it was expanding the scope of its program targeting money laundering through real estate purchases to include all New York City's boroughs, Florida's Broward and Palm Beach counties, and Los Angeles, San Francisco, and San Diego in California, as well as San Antonio in Texas. (Reuters)
Visit http://www.cnbc.com/2016/07/27/us-treasury-expands-order-targeting-money-laundering-through-all-cash-real-estate-purchases-.html to view the full article online. |
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The Federal Reserve did not raise interest rates Wednesday, but left the door open a crack for a possible rate hike at coming meetings. (USA TODAY)
Visit http://www.usatoday.com/story/money/markets/2016/07/27/stocks-fed-reaction/87620328/ to view the full article online. |
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Sherrilyn Ifill, of the Legal Defense Fund, and Terrence Cunningham, of the IACP, are bonded by $1 million donations that basketball legend and Charlotte Hornets owner Michael Jordan has made to each organization to help establish better trust between police and the communities they serve. (The Undefeated)
Visit https://theundefeated.com/features/who-are-the-groups-getting-donations-from-jordan/ to view the full article online. |
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Smoochr, an app for Black singles, has received massive backlash on Twitter for reinforcing racial stereotypes and focusing on hair texture and lip size as criteria for dates. (Diversity Inc.)
Visit http://www.diversityinc.com/news/smoochr-black-twitter/ to view the full article online. |
