Daily Dash - June 17, 2008

Daily Dash: Tuesday

June 17, 2008

The Latest Business Headlines from WWJ Newsradio 950

Ford Idling SUV Plant | Sagging demand for big sport utility vehicles has forced the automaker to temporarily close the Wayne truck plant for nine weeks starting June 23. | Story

Ford, GM to Export More to China | GM says it will sell 1 billion dollars worth of vehicles and related equipment. Ford will sell more than 30,000 vehicles and supply parts. | Story

GM, CAW Plan Talks | General Motors and the Canadian Auto Workers union are planning to meet to discuss the automaker's decision to close its Oshawa truck plant. | Story

Blues Want Rate Hikes | Michigan's insurance commissioner has 30 days from June 13 to decide whether to grant proposed rate increases, the Detroit Free Press reports. | Story

DTE Picks Reactor | The utility has selected a reactor designed by GE and Hitachi for a potential new unit at the Fermi 2 nuclear plant near Monroe, Reuters reports. | Story

Ferndale to Vote on Medical Marijuana | Ferndale voters will get the chance to legalize the sale of marijuana within city limits for medical purposes. | Story

Stocks Close Mixed | The Dow slipped 38 points and the S&P 500 index inched up 0.11 points. The NASDAQ rose 20. | Story

Stories marked with have a related podcast at WWJ.com.
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This Week in 'Your Career'

Entrepreneur bridges cultural divide for companies, workers.

Tips on how to give an effective handshake.

Fathers are doing more work from home, feeling conflicted.

Obama talks jobs, economy at Flint, Detroit events.

Employees expect help with high gas prices.

When virtual collaboration goes horribly wrong.

Border Patrol is hiring.

Bernanke talks about health care.

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ENTREPRENEUR BRIDGES CULTURAL DIVIDE FOR GLOBAL COMPANIES, EXPATRIATE WORKERS

Operating in a global business environment can be challenging enough without worrying about adhering to local customs and cultures. But knowing how professionals in other countries carry themselves in a business environment can mean the difference between revenue growth and contraction.

Radha Nath and her staff of professional trainers at Global Crosswalk Inc. make sure their clients have the tools and knowledge to better operate in a business environment globally. Nath (pictured) is president and CEO the Canton-based firm, which specializes in global workforce services with particular emphasis on cross-culture competency training and strategies, expatriate services and virtual project management.

The Indian-born Nath, who has lived in southeastern Michigan for over a decade, started business in January. Launching a new venture in the midst of a sluggish local economy was a risk, but it is paying off, Nath said. She expects to be profitable next year. More...

Feldman Report: Secrets of Successful Handshaking

You do it every day, but are you doing it properly? WWJ Newsradio 950 and Fox 2 News business reporter Murray Feldman discusses how to make your handshake more effective.

Working Dads are Doing More Work from Home, a Survey Finds

Working dads are doing more and more of their jobs while at home, a survey released on Father’s Day says. According to the survey, released Sunday by Monster.com, 61 percent of dads bring work home every week – a 7 percent increase over last year. The survey also found men to be conflicted about it: 75 percent of dads surveyed believe that bringing work home interferes with parents’ relationships with their children. More...

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OBAMA TALKED JOBS, ECONOMY IN FLINT ... : Speaking at an event yesterday at Flint's Kettering University, presumptive Democratic presidential nominee Barack Obama said economic success in the 21st century "will depend not on our government, but on the dynamism, determination, and innovation of the American people." But, he added, history shows that, in times of transition, "success has also depended on national leadership that moved the country forward with confidence and a common purpose." Obama called for the creation of a new "competitiveness agenda" aimed at creating jobs and opportunity. "This agenda starts with education," Obama said. "Whether you’re conservative or liberal, Republican or Democrat, practically every economist agrees that in this digital age, a highly-educated and skilled workforce will be the key not only to individual opportunity, but to the overall success of our economy as well." To read the entire speech, as prepared for delivery, click here. To listen to podcasts of the speech, click here.

... AND LATER IN DETROIT: At Detroit's Joe Louis Arena last night, Barack Obama said he'll fight to revive the nation's struggling auto industry and make sure Michigan continues to put the country on wheels. ''We are going to build the cars of the future right here in Detroit, right here in Michigan, right here in America,'' the Illinois senator told supporters. More...

ECONOMIC DOWNTURN ENGULFS SMALL BUSINESS: Only seven months ago, small businesses couldn't hire workers fast enough. Now many are worrying how to make ends meet, according to small-business columnist Keith Girard. "The credit crunch and falling consumer spending," he writes, "are depressing sales at the same time that businesses are facing soaring costs, thanks, in part, to skyrocketing oil prices." To read the entire column, click here.

AS WOMEN EARN MORE, 'MANIMONY' IS A GROWING TREND: As women out-earn their husbands in the workplace, many find they are footing the bill in divorce as well – supporting their ex-spouses with alimony payments. Manimony is the new term for a growing trend. Some of the most well-known cases involve celebrity couples. But it's not just Hollywood wives who are paying up when their marriages end. More...

EMPLOYEES EXPECT HELP WITH GAS PRICES: American workers expect their employers to help them with the high cost of getting to work, a survey finds. A special edition of the ORC Ouch Point survey from Opinion Research Corp. found that 84 percent of the U.S. workforce expects employers to take measures to help offset the rising cost of gas. More...

VIRTUAL COLLABORATION AND REAL-WORLD HUMILIATION: The ability to use technology for collaboration and information is making workers more productive and saving companies a lot of money on travel. But, as The Wall Street Journal reports, it also increases the potential for embarrassment if our personal and professional virtual lives cross paths. The Journal cites the case of an executive who was in an online meeting when an instant message saying "I love you Teddy Bear" showed up for all to see. "Only a few keystrokes separate one's private life from the virtual world," writes Journal reporter Dana Mattioli. "The wrong computer settings, an awkward Web-camera angle and even something as harmless as the 'hold' button on the telephone can create lasting career memories." For the complete article, click here.

BORDER PATROL IS HIRING: The U.S. Border Patrol is stepping up efforts to hire more people. The government agency is looking to fill 6,000 jobs by the end of 2008. Agents can earn more than $70,000 after three years of service. More...

FED CHIEF TALKS ABOUT IMPORTANCE OF HEALTH CARE: Bolstering the performance of the U.S. health care system is one of the biggest challenges facing the country, Federal Reserve Chairman Ben Bernanke said Monday. New medical technologies and treatments are allowing people to live healthier, longer and more productive lives. However, the aging of millions of baby boomers coupled with rapidly rising health care costs are accounting for an ever-growing share of both personal and government budget strains that will become increasingly burdensome unless changes are made, the Fed chief warned. More...


Editorial Staff:
The Daily Dash - Tuesday edition is written and edited by James Melton, Ed Coury, and Matt Roush

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