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Thursday, March 31, 2011

DAI: Wall Street ends a strong quarter optimistic on payrolls

Reuters
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03/31/2011
News Good evening Pan
LATEST NEWS
Wall Street ends a strong quarter optimistic on payrolls
NEW YORK (Reuters) - U.S. stocks ended a solid quarter with the barest of moves on Thursday, as investors looked ahead to Friday's U.S. jobs report to provide a catalyst to push indexes to new highs for the year. | Full Article
Berkshire's Sokol defends self, lawyers get calls
March 31, 2011 02:37 PM ET
NEW YORK (Reuters) - Former Berkshire Hathaway executive David Sokol on Thursday said he has invested in companies he then recommended for acquisition in the past, a day after Berkshire disclosed Sokol pushed Lubrizol Corp to Warren Buffett after investing in it. | Full Article
WTO raps U.S. subsidies to Boeing
March 31, 2011 02:29 PM ET
GENEVA (Reuters) - Planemaker Boeing received at least $5.3 billion of banned U.S. subsidies, the World Trade Organization said on Thursday in a dispute that shows no signs of an end to bitter transatlantic wrangling. | Full Article
Ally files for IPO, readies for Treasury sell-down
March 31, 2011 02:48 PM ET
NEW YORK/WASHINGTON (Reuters) - Ally Financial filed for an initial public offering that will allow the U.S. government to sell down its majority stake in the bailed-out auto and mortgage lender. | Full Article
Ireland says banks need further 24 billion euros
March 31, 2011 01:53 PM ET
DUBLIN (Reuters) - Ireland tried to draw a line under its financial crisis on Thursday by saying its banks need a further 24 billion euros ($34.11 billion) to withstand further economic shocks. | Full Article
US TOP NEWS
Libyan rebels cheered by U.S. support and defection
March 31, 2011 02:56 PM ET
NEAR BREGA/BENGHAZI, Libya (Reuters) - Rebels massed for a counter-attack against Muammar Gaddafi's forces in eastern Libya on Thursday, encouraged by news of covert U.S. support and the defection of Tripoli's foreign minister. | Full Article
Japan crisis drags, France wants global nuclear reform
March 31, 2011 02:41 PM ET
TOKYO (Reuters) - Japan's nuclear crisis stretched to three weeks on Friday with radiation widening from a crippled power plant and scant hope of a quick resolution. | Full Article
Sokol affair casts shadow on Buffett style
March 31, 2011 03:53 PM ET
NEW YORK (Reuters) - So much for Warren Buffett's philosophy of leaving his managers alone. | Full Article
Jobless claims fall, Midwest hiring jumps
March 31, 2011 12:56 PM ET
WASHINGTON (Reuters) - The number of Americans claiming unemployment aid fell last week and factory employment in the U.S. Midwest hit a 27-year high in March, more signs that an improvement in the labor market is under way. | Full Article
NY legislature passes $132 billion budget, no new taxes
March 31, 2011 09:26 AM ET
ALBANY, New York (Reuters) - The New York state legislature on Thursday passed a $132.5 billion spending plan, closing a $10 billion deficit with no new taxes or debt and instead relying on harsh cuts to education and healthcare. | Full Article
HEALTH NEWS
Half a million die from smoking yearly in U.S.
US NIH obesity plan focuses on real-world research
Diabetic pilot aims for record-breaking flight
June date set for healthcare appeal in U.S. court
All eyes on new heart valve at medical meeting
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B-School Research Tackles the Big Questions

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March 31, 2011
 

MBA Express


NEWS  THIS WEEK'S TOP STORY
RESEARCH ROUNDUP
B-School Research Tackles the Big Questions
Business school faculty members have been churning out research on green initiatives, terrorism, and happiness


  MORE TOP STORIES
THE NEXT BIG THING
Online Education, With a Low-Cost Twist
Western Governors University delivers online education at a fraction of the cost of for-profit players, and cash-strapped states are taking notice

MBA JOURNAL: SUPER SENIOR
MBA Journal: Goodbye Snow Boots, Hello Cap and Gown
"Kellogg has been like a giant snow globe, in which I'm at the center. When you shake it, a knowledge storm ensues"

VIEWPOINT
A College Degree Is Still Worth It
Sure, it costs more, and technology is threatening high-paying jobs. But the Great Recession shows postsecondary education is more valuable than ever


Universities Call Off Japan Study Abroad Programs
In the last week or two, U.S. universities have been frantically working to get students studying in Japan back safely to the U.S.

BEST BUSINESS SCHOOLS 2010
Business School, Explained
Is business school on your horizion? If so, get answers to all your questions on admissions, careers, and B-school life from the experts

 B-SCHOOL FORUMS
Visit BW Online's interactive forums for wide-ranging discussions about management education. Search through over 1,359,000 posts for topics that interest you. Join in today! Here are a few samples of recent messages:

Getting into Business Schools — Quality of Students in MBAs

From: vanta
To: All
One of my friend tell me only to apply for M7 level MBA, because the alum and student quality are much better than tier 2 schools (ex, ROSS, Fuqua). M7 students are way smarter than other schools (yes...he is from one of M7). However, I didn't agree with his point, since I have seen many successful alum from UCLA or UMich. For those who have friends in different tier schools, do you think this statement is true? What make the gap between M7 and top15? I am an international students, but I would like to listen to more insights from different countries.
From: ColumbiaYesorNo
To: vanta
There are smart students at all schools and dumb students at top schools. As an example, you are probably the smart one because you don't believe it and your friend fits the latter category.
From: FrancescaBW
To: vanta
Hi,

Congrats on thinking about going to business school and pro-actively seeking information. While rankings and the like are a great starting point for you to narrow down your list of schools and get information about the competitiveness of a program (What is the average GMAT? How many students apply? How many are accepted?), you must really look at what each program offers you personally. The point is to find a school where you'll fit in. Rankings and tiers can't capture that. You need to know what it's like to live at that school in that particular town or city. You need to know what the class sizes are like and what specialties the schools have and if any of those coincide with your career goals. You should visit the campus, if you can. Even if you can't, you should talk to students and alumni about their experiences. Then, you must consider everything you discover from your research to determine to which schools you should apply.

Good luck,
Francesca
From: FrancescaBW
To: vanta
One more thing - you can check out our rankings here - http://www.businessweek.com/bschools/rankings/
From: JinShil2
To: vanta
Just look at the objective data such as GMAT and GPA. They are virtually identical across the top 15 schools.

Sure, there might be differences in work experiences, EC, and leadership abilities. Every school, however, would admit they dinged students they should've admitted every year. The top 15 ADCOMS decisions are something like admitting only one of 680+3.8, 720+3.3, or 750+2.9 and ADCOMS aren't perfect.

How many students get admitted to top 15 schools every year? About 5000, and that is a from a global pool of applicants. That data alone should tell you there isn't a huge difference between them.
From: lissenup
To: vanta
smart does not always equal successful.

successful does not always mean you are smart.
Getting into Business Schools — Value of International Work Experience

From: medagan
To: All
Hi All,

I intend to apply to business school later this year (second round applications) and I'm considering going to work in India for a year starting this summer. I have a good job in the U.S. renewable energy sector, but I'd like some international renewable energy market exposure, and India is the next hot renewable energy market (aside from China). I've heard from a few people that international experience could substantially bolster my application.

Does anyone know if, in general, having international work experience would enhance the profile of an MBA candidate applying to top tier B-schools? I understand that the potential benefit, if any, would vary by candidate and type of experience.

Just to give you a brief overview of my profile, I'm a white American who never studied abroad with roughly 3 years of energy market work experience.

Any thoughts would be greatly appreciated.

Thanks,

Medagan
From: MBAApply
To: medagan
It seems like you've answered your question already - it would depend on the person and type of experience. Whether it's "international" or not is secondary to the quality of the experience itself.

Alex Chu
From: FrancescaBW
To: medagan
Hi,

I have to agree with Alex. The quality of the work experience is more important than where it is. That said, schools today realize that globally minded students will be an asset both in the classroom and when recruiters come to campus. If the quality of the work experience is good - you will have additional responsibilities, chances to demonstrate leadership, an opportunity to work on innovative and/or interesting projects - in another country, such as India, then you should consider it. If this is just a glorified study abroad experience or you'll actually be getting a demotion, I wouldn't bother. Be sure to make note of the experiences you are having at work because you will rely on these notes when you write your essays and prepare for admissions interviews. What do you think you're going to do?

Good luck,
Francesca
From: kashifaltaf
To: FrancescaBW
Work experience can get preference when it is relevant to your study or your educational background. I recommended that International experience will be preferred everywhere in the world but in which field where you want to enter
Getting into Business Schools — Columbia vs. MIT?

From: z1234
To: All
Hi all,

Any opinions on how Columbia and MIT Sloan stack up if you are not interested in banking (columbia) or entrepreneurship (MIT)?

Appreciate the advice. Thanks
From: MBAApply
To: z1234
It would be more helpful to find out what you are interested in rather than what you're not interested in. Consulting, oil/gas, real estate, rotational programs, tech, auto, etc.

It's sort of like going to a bartender and saying "I want to order something, but I'm not interested in beer or soda. What should I order?"

Alex Chu
From: z1234
To: MBAApply
Thanks. I am interested in alernative finance, i.e., vc, pe or potentially hedge funds...i have pe experience now and hear it is up to you to get back into that field, so I am just curious if there is a general sense for which school is the better brand outside their respective sweet spots.
From: MBAApply
To: z1234
You sort of answered your own question -- it's going to come down to your own legwork, because they're not hiring "school brands" but are bringing you in based on your overall resume, of which b-school is just one line item.

It comes down more to location and convenience of networking -- NYC has more PE and HF than Boston, whereas Boston has more VC (especially life sciences VC as far I as remember). So that should be more important than which has a better "brand" perception wise which will vary from one person to the next.

Alex Chu
From: WernerGunther
To: MBAApply
Alex, your answer is one of the best i've read on these forums!
From: z1234
To: MBAApply
Thanks for the helpful advice


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  B-School Insider
Dear Reader:

Business school faculty sometimes get a lot of grief about their research. Irrelevant and obscure, much of what passes for research on b-school campuses doesn't do managers much good at all, and if it advances the cause of knowledge creation it's incremental at best. But that's not to say some of it's not interesting. As Francesca Di Meglio reports, professors at Georgia Tech have figured out why companies that go green aren't always rewarded with higher market valuations, and a post-doc at Harvard has discovered that Web surfing on company time may not be such a bad thing after all.

As research topics go, Western Governors University might be a fruitful one for some enterprising faculty member. As Alison Damast writes, the Salt Lake City school offers more than 50 online programs, but that's where the similarities to the University of Phoenix end. A nonprofit, the school has cut costs to the bone by dispensing with faculty altogether — content comes from web-based tutorials, simulations, and the like — and crediting students for knowledge they already have. That "competency based" model allows many to progress quickly through the program, lowering the cost even more.

Is it perfect? Far from it, but it works well enough that several states have already partnered with WGU, and several more are in discussions with the school. It may not be the next big thing in online education, but it's an interesting idea.

Louis Lavelle
Business Schools Editor
Bloomberg Businessweek

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Official Google Blog

Official Google Blog


Fresh new perspectives for your blog

Posted: 31 Mar 2011 06:04 AM PDT

(Cross-posted from Blogger Buzz)

Today we're previewing five new dynamic templates in Blogger that you'll soon be able to customize and use for your blog. These new views use the latest in web technology, including AJAX, HTML5 and CSS3, to deliver a host of benefits to you and your readers:
  • Infinite scrolling: read more posts without having to reload or click to a second page
  • New layouts: different views suited to different types of blogs
  • Speed: download images as you view them, not all at once in advance
  • Interactivity: there are now more ways to experience and engage with blog content



Click on any of these links to take the new dynamic views for a spin on a few of our favorite blogs: Flipcard, Mosaic, Sidebar, Snapshot and Timeslide.

Flipcard

Snapshot

Mosaic

To try these views on your own blog, simply add "/view" to the end of the blog URL—for example, http://buzz.blogspot.com/view. These new views are available on all public Blogger blogs with feeds fully enabled—to learn more, including how to disable these views for your blog if you wish, please see our help center article.

We're previewing these templates early on so we can incorporate your feedback for a wider launch soon. At that time you'll be able to customize these templates and select one for your blog. Please let us know what you think!

New imagery of Japan after the earthquake

Posted: 30 Mar 2011 07:22 PM PDT

(Cross-posted from the Lat Long Blog)

It's now the third week after the devastating 9.0-magnitude earthquake that struck northeastern Japan. Aid organizations have been hard at work and cities are starting to show signs of recovery, but the damage is beyond imagination and there are still thousands of people at shelters grappling with daily challenges. As a native of Sendai city, I'm still speechless seeing the destruction and damage that has been done to the places I love and care about.

We've been looking for ways we can assist in the relief efforts using Google's map-related tools. A few days after the quake, we published updated satellite imagery of northeast Japan in Google Maps and Google Earth, which illustrated the massive scale of devastation in the affected areas.

Today, we've published imagery of the Sendai region at even higher resolution, which we collected on Sunday and Monday. The new Sendai imagery, along with satellite imagery from throughout the area, is now live in the base imagery layer of Google Earth and will soon be visible in Google Maps. We hope to continue collecting updated images and publishing them as soon as they are ready.

We hope our effort to deliver up-to-date imagery provides the relief organizations and volunteers working around the clock with the data they need to better understand the current conditions on the ground. We also hope these tools help our millions of users—both those in Japan and those closely watching and sending their support from all over the globe—to find useful information about the affected areas.

A riverside neighborhood in Sendai from our newly released imagery

+1’s: the right recommendations right when you want them—in your search results

Posted: 30 Mar 2011 12:23 PM PDT

Our goal at Google is to get you the most relevant results as quickly as possible. But relevance is about relationships as well as words on webpages. That's why we recently started to include more information from people you know—stuff they've shared on Twitter, Flickr and other sites—in Google search results.

Today we're taking that a step further, enabling you to share recommendations with the world right in Google's search results. It's called +1—the digital shorthand for "this is pretty cool." To recommend something, all you have to do is click +1 on a webpage or ad you find useful. These +1's will then start appearing in Google's search results.

The +1 button will appear next to each search result


After pressing the +1 button, you have the option to undo the action immediately

Say, for example, you're planning a winter trip to Tahoe, Calif. When you do a search, you may now see a +1 from your slalom-skiing aunt next to the result for a lodge in the area. Or if you're looking for a new pasta recipe, we'll show you +1's from your culinary genius college roommate. And even if none of your friends are baristas or caffeine addicts, we may still show you how many people across the web have +1'd your local coffee shop.


The beauty of +1's is their relevance—you get the right recommendations (because they come from people who matter to you), at the right time (when you are actually looking for information about that topic) and in the right format (your search results). For more information about +1, watch this video:



So how do we know which +1's to show you? Like social search, we use many signals to identify the most useful recommendations, including things like the people you are already connected to through Google (your chat buddies and contacts, for example). Soon we may also incorporate other signals, such as your connections on sites like Twitter, to ensure your recommendations are as relevant as possible. If you want to know who you're connected to, and how, visit the "Social Circle and Content" section of the Google Dashboard.

To get started +1'ing the stuff you like, you'll need to create a Google profile—or if you already have one, upgrade it. You can use your profile to see all of your +1's in one place, and delete those you no longer want to recommend. To see +1's in your Google search results you'll need to be logged into your Google Account.

We'll be slowly rolling out +1's, starting in English on Google.com. If you can't wait to start seeing +1's, we'll soon let you opt-in to the launch by visiting our experimental search site. Initially, +1's will appear alongside search results and ads, but in the weeks ahead they'll appear in many more places (including other Google products and sites across the web). If you're an advertiser and want to learn more about how the +1 button works on search ads and websites, visit our AdWords blog.

We're confident that +1, combined with all of the social content we're now including in search, will mean even better, more relevant results than you get today.

Not What You Were Looking For? Try a new Google Web Search