Top News
Just days after the EU hit Apple with a $14.6 billion tax bill, CEO Tim Cook said he expects to transfer billions of dollars in profit to the United States next year. "We provisioned several billion dollars for the U.S. for payment for as soon as we repatriate it, and right now I would forecast that repatriation to occur next year," Cook said in an interview with Irish broadcaster RTE news. ( CNN Money)
Visit http://money.cnn.com/2016/09/01/technology/apple-tax-cook-repatriation/index.html?iid=hp-toplead-dom to view the full article online.
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The ugly underside of the growth data is the fact that only 11 percent of minority-owned firms have employees. In other words, most of these firms are one-person businesses, providing consulting and other services from just one individual. Only 4 percent of African American owned firms – just 109,137 of the total 2.6 million businesses — have employees. ( The Seattle Medium)
Visit http://seattlemedium.com/does-entrepreneurship-matter/ to view the full article online.
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Diversity in the Workplace
Yet, diversity is not just a "right thing to do" issue; it’s not even a "good-for-society" issue. Diversity is absolutely integral when it comes to swiftly developing STEM industries, it’s good for always-growing marginalized groups which, combined, make up over half the country’s population and it’s financially beneficial to tech companies. Here’s why diversity matters in tech. ( Forbes)
Visit http://www.forbes.com/sites/mnewlands/2016/08/29/why-diversity-matters-in-tech/#3ba087923a12 to view the full article online.
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International
The European Commission is about to propose a law that would let news publishers across the EU try to charge companies like Google for reproducing parts of their articles. The idea has already been tried in Germany and Spain, and has failed both times. Now the German digital commissioner, Günther Oettinger, is about to include it in his long-awaited new copyright directive. ( Fortune)
Visit http://fortune.com/2016/08/31/eu-google-ancillary-copyright/ to view the full article online.
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Technology
There are plenty of unanswered questions about how self-driving cars would function in the real world, like understanding local driving customs and handing controls back to a human in an emergency. Now a start-up called Drive.ai, based in Mountain View, Calif., is trying to address how an autonomous car would communicate with other drivers and pedestrians. The company is emphasizing what is known in the artificial intelligence field as "human-machine interaction" as a key to confusing road situations. ( The New York Times)
Visit http://www.nytimes.com/2016/08/31/technology/how-driverless-cars-may-interact-with-people.html?ref=technology to view the full article online.
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Personal Finance
Is the cost of the education deductible? The odds are often stacked against it, especially if you’re pursuing an advanced degree. Nevertheless, an accountant in a new Tax Court case was able write off the costs of an MBA program. For starters, you may qualify for deductions only if you meet one of these two tests. ( CPA Practice Advisor)
Visit http://www.cpapracticeadvisor.com/news/12250987/accountant-wins-case-to-deduct-mba-expenses to view the full article online.
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Professional Development
Black chefs still account for a small fraction of kitchen leadership, but their presence is growing locally and across the country. In 2015, about 15 percent of chefs and head cooks nationwide identified as African American or black, according to the U.S. Bureau of Labor Statistics, up 67 percent from 2011, when the group accounted for 9 percent of chefs nationally. In the past five years, black chefs saw the fastest growth of any minority in head chef roles, data show. ( Baltimore Sun)
Visit http://www.baltimoresun.com/entertainment/dining/bs-fo-simmering-issues-minority-chefs-20160830-story.html to view the full article online.
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Leadership
People can be notoriously reluctant to give up control. Managers often hesitate to delegate tasks and decision making to others, even when they would benefit from doing so. Yet anyone who has worked in a large organization will tell you that, just as often, decisions can get passed from person to person, making it difficult for everyone to get work done. So how do we encourage delegating when it’s beneficial and reduce it when it’s not? ( Harvard Business Review)
Visit https://hbr.org/2016/08/research-on-delegating-shows-how-uncomfortable-we-are-making-choices-for-others to view the full article online.
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Not every leader is comfortable in their position -- especially new leaders. In fact, a 2015 survey of 1,000 employees conducted by Saba Software and Workplace Trends found that only 11 percent of respondents aspire to C-level positions. ( Entrepreneur)
Visit https://www.entrepreneur.com/article/280296 to view the full article online.
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