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Why the U.S. Trade Deficit Can Be a Sign of a Healthy Economy

“We lose $800 billion a year on trade, every year,” President Trump said in March when he announced his new tariff plan, referring to the size of the U.S. trade deficit in goods. Trump has lamented the U.S. trade deficit repeatedly, tweeting that as a result of it, “our jobs and wealth are being …

Economics

How Can You Really Tell Someone Is an Exceptional Leader? Ask This 1 Simple Question

The answer is an eye-opener.<p>Have you ever thought about the essence of true leadership? How exactly do you define it?<p>Better yet, how do you simply become a good leader in your office or business -- enough so that your employees, peers, and customers will respect you?<p>The answer comes down to a …

Just How Bad Is Business Travel for Your Health? Here’s the Data.

Checking into a hotel for a conference several years ago, I asked the receptionist where I could get some dinner. There was no restaurant in the hotel, I was told; my only options were ordering delivery from a fast-casual chain or a pizza joint. I went with the pizza, but my lack of choices was …

Harvard Business Review

The Truth About Innovation in Large Organizations, with Rita Gunther McGrath, Professor, Columbia Business School and Founder, Valize, LLC #HBRLive

Becoming More Conscientious

Your boss sits you down for some tough feedback: You are not conscientious enough. She points out that you have missed several deadlines and show a pattern of failing to remember important details. At first, you feel defensive — it is just your personality that she’s describing. <i>Hey, I can’t get</i> …

U.S. officials: Saudi crown prince has hidden his mother from his father, the king

WASHINGTON — When Saudi Arabia's crown prince visits the White House next week, he's expected to be welcomed as a reformer who's expanded women's rights in one of the most restrictive countries in the world, allowing them to drive and attend sports events.<p>Yet there is one Saudi woman whom U.S. …

Melania Knew

Dear America: Come on, you can’t be serious.<p>The ongoing saga over a president, a porn star and a payoff is so lewd and tawdry that it can’t simply be added to the ever-expanding list of horrible misbehaviors of a womanizing misogynist.<p>It’s not even the infidelity that most bothers me. I view that …

Donald Trump

Saudi King Shakes Up Military and Security Leadership

RIYADH, Saudi Arabia — King Salman of Saudi Arabia is shaking up the leadership of the kingdom’s military and internal security services, elevating younger officials at a time of increased military engagement abroad and sharp economic and social change at home.<p>In a series of royal decrees announced …

Saudi Arabia

Plan a Better Meeting with Design Thinking

“Sometimes, when I sit in meetings, especially ones in which people don’t seem engaged, I calculate the cost in staff time. I’ve estimated that one standard weekly meeting in my bureau — 50 people sitting in a cookie-cutter conference room, looking both bored and anxious — costs around $177,000 …

These are the world's best business schools, according to the Financial Times

The Financial Times (FT) has released its annual guide to the 100 best business schools for studying an MBA.<p>The FT Global MBA Ranking 2018 is …

5 Ways to Get Over Your Fear of Public Speaking

We all want to be fearless public speakers. We dream of confidently striding onto the stage to give a speech or presentation, breaking the ice with the perfect joke, captivating the audience with compelling stories, handling the most difficult questions with ease, and exiting to cheers and applause.<p>…

Kobe Bryant Almost Went to Bulls Before Shaquille O'Neal Requested Trade in 2004

Former NBA superstar Kobe Bryant revealed to Shaquille O'Neal during their hourlong TNT special amid the All-Star Weekend festivities that he was ready to go to the Chicago Bulls in 2004 before the Los Angeles Lakers traded O'Neal to the Miami Heat.<p>"We were looking for places in Chicago, man, we …

Basketball

Scientists think they’ve discovered a fourth type of human fuel beyond carbs, fat, and protein — and it could have key health implications

One swig of the stuff and I'd had enough. The colorless, odorless liquid tasted like nail polish remover — but I was told it offered unparalleled benefits for my body, so I chugged away, if somewhat skeptically.<p>The small plastic bottle contained pure ketone ester, a substance that a team of …

Diabetes

The Most Successful Brands Focus on Users — Not Buyers

What makes a brand successful in the digital age? A joint study by SAP, Siegel+Gale, and Shift Thinking suggests that digital brands don’t just do things differently; they also think differently. Where traditional brands focus on positioning their brands in the <i>minds</i> of their customers, digital …

The 10 most stylish cities in the world

To mark the start of fashion month in New York, Caroline Issa, the publisher and fashion director of Tank magazine, reveals her favourite cities for style.<p>1. New York: a perfect start<p>As fashion month kicks off in the Big Apple, the city prepares for an influx of fashion editors and buyers. So, …

This coach convinced Bill Belichick to draft Tom Brady. Now his daughters keep his memory alive.

By Kent Babb<p>, Reporter<p>ORLANDO — Late last month, a mother and her two daughters spent a weekend together, dinner on Saturday and story exchange Sunday, and like every time they do this, discussing the future brought them back to the past.<p>In a week, the New England Patriots would play in yet another …

NFL

Britain’s N.H.S. in Crisis: ‘We Might Break’

LONDON — Britain’s National Health Service, put in place by the country’s post-World War II Labour government, holds a unique place in the country’s psyche as both source of constant frustration, object of affection and — somehow — a central pillar of arguments both to leave and remain in the …

Two-year MBAs lose their allure | Financial Times

The traditional two-year full-time MBA courses are losing their allure. The Graduate Management Admission Council, which administers the official …

How to Get Out of a Meeting You Know Will Waste Your Time

You can often predict which meetings will be unproductive from the moment you receive the invitation. There’s the “team update” where you spend two hours listening to a rundown of how everyone spent their week, or the “planning meeting” where you hash out picayune details that should have been …

Management

Why We Should Be Disagreeing More at Work

When I worked as a management consultant, I had a client that I thought of as difficult. Let’s call her Marguerite. She and I didn’t see eye to eye on much. I disagreed with the direction she was taking our project, the people she chose to involve, and the pace at which she thought we should do our …

Leadership

What to Read over the Holidays

15 Stanford business professors recommend books for those long winter nights.<p>As you set up your out-of-office notifications and make plans for the …

How the Russia Inquiry Began: A Campaign Aide, Drinks and Talk of Political Dirt

WASHINGTON — During a night of heavy drinking at an upscale London bar in May 2016, George Papadopoulos, a young foreign policy adviser to the Trump campaign, made a startling revelation to Australia’s top diplomat in Britain: Russia had political dirt on Hillary Clinton.<p>About three weeks earlier, …

When Is the First Day of Winter? December Solstice 2017 Explained.

Find out how astronomy and meteorology differ on the definition, why solstices happen, and how the day is marked around the world.<p>Shortening days and falling temperatures are heralding the arrival of winter across the Northern Hemisphere.<p>This year, the northern winter solstice falls on December 21 …

Rise of Ben Simmons' Ambidextrous Game a Tale That Stretches to His Aussie Roots

Kevin Goorjian remembers it like it was yesterday.<p>One afternoon in the spring of 2009, the head basketball coach of Box Hill Senior Secondary College in Melbourne's leafy eastern suburbs was in the gym working out his star player, Olivia Simmons, when the skilled, athletic six-foot wing turned to …

Be Better at Spontaneous Speaking

Use these tools to help you think fast and talk smart.<p>On the first day of my <i>Essentials of Strategic Communication</i> class, many of my students fear me. …

Public Speaking

How to Excel at Both Strategy and Execution

For decades, we’ve often thought of leadership profiles in unique buckets—two popular varieties were the “visionaries”, who embrace strategy and think about amazing things to do, and the “operators”, who get stuff done. We intuitively knew that there must be leaders that span these areas, but in …

The Best Companies Know How to Balance Strategy and Purpose

Most companies have articulated their purpose — the reason they exist. But very few have made that purpose a reality for their organizations.<p>Consider Nokia. Before the iPhone was introduced, in 2007, Nokia was the dominant mobile phone maker with a clearly stated purpose — “Connecting people” — and …

Good Strategy Execution Requires Balancing 4 Tensions

Putting strategy into practice is notoriously difficult. In our experience, the primary obstacle to strategy execution is a failure to balance the inherent tensions that characterize any major execution effort. Successful strategy execution calls for skillful orchestration of sometimes opposing …

Innovating at the speed of the 21st century in pharmaceuticals

The CEO of Eli Lilly offers perspectives on accelerating change in the industry.<p><i>Eli Lilly and Company is an innovation-driven biopharmaceutical</i> …

Innovation