Career
Jamie-Clare Flaherty, Director of Strategic Initaitives for the Obama Foundation, Tracey Patterson, a Senior Manager at Accenture, and Bärí Williams, the head of business operations for StubHub North America, discussed the challenges they have faced in their careers on a panel titled "The Black Ceiling" at Fortune’s Most Powerful Women Next Gen Summit earlier this week in Laguna Niguel, Calif. ( Fortune)
Visit http://fortune.com/2017/11/14/black-ceiling-fortune-next-gen-summit/ to view the full article online.
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Diversity in the Workplace
Education
New data suggests that 70 percent of student-parents who defaulted on student loans were single. For African Americans, single parents made up 90 percent of student-parent defaulters. As a result, 1-in-10 undergraduate borrowers was a single parent, but these students represented 2 out of every 5 undergraduate defaulters. For these borrowers, who are often the sole providers for the family, default can keep them entrenched in their current financial situations, making it all the more difficult to improve their circumstances. ( Center for American Progress)
Visit https://www.americanprogress.org/issues/education-postsecondary/news/2017/11/15/442773/student-loan-default-crisis-borrowers-children/ to view the full article online.
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Technology
Nomad Health co-founder and CEO Dr. Alexi Nazem says he wants to bring the gig economy to health care. His company is trying to accomplish that by allowing doctors and nurses (in certain regions) to team up with hospitals that need medical professionals on a short-term, freelance basis. And now, Nomad is taking the digital health-gig economy hybrid philosophy a step further by expanding into the world of telemedicine and virtual doctor visits. ( Fortune)
Visit http://fortune.com/2017/11/15/healthcare-telemedicine-nomad/ to view the full article online.
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Apple's latest diversity report highlights a continuing tech industry problem: Despite funnelling millions of dollars into diversity initiatives, tech still employs a larger share of whites, Asian Americans, and men, compared to the overall private industry, and a smaller share of African Americans, hispanics, and women, according to data from the US Equal Employment Opportunity Commission. ( TechRepublic)
Visit https://www.techrepublic.com/article/heres-the-real-reason-tech-companies-fail-at-hiring-more-minorities/ to view the full article online.
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The Economy
Former chief strategist to President Donald Trump, Steve Bannon, encouraged a group of Southern black business leaders last week to demand better. Bannon made the comments while speaking at a private round-table event in Charleston, South Carolina, which was sponsored by the South Carolina African American Chamber of Commerce, a group that strives to empower black entrepreneurs.( Black Enterprise)
Visit http://www.blackenterprise.com/news/steve-bannon-black-banks-businesses/ to view the full article online.
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Corporate America
In evaluating the corporate governance landscape this year, BE found that roughly 40% of the nation’s largest corporations across a myriad of industries – from tech giants to discount retailers – do not have a single African American corporate director. ( Black Enterprise)
Visit http://www.blackenterprise.com/business/companies-without-black-directors/ to view the full article online.
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The retailers left standing are those that figure out how to treat disruption as business-as-usual in an industry accustomed to slow, strategic planning. Today, even long-established retailers are starting to set and deliver on selling strategies at the nearly real-time pace set by their online competitors. ( Harvard Business Review)
Visit https://hbr.org/2017/11/3-changes-retailers-need-to-make-to-survive to view the full article online.
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