Business Retreats Are Retreating
The News: The New York Times reports a significant decline in corporate spending on business retreats, vacation for top performers and junkets for top clients. Full report.
Why It Matters: Someone must come up with new way to reward top performances and key clients. Invent it.
Twitter Suspends The Dalai Lama's Account?
The News: VentureBeat reports a few days after gaining thousands of followers, the Dalai Lama’s Twitter account was removed by Twitter because it was a fake account. Full report.
Why It Matters: This could turn into a new form of corporate espionage. Make sure your business doesn't fall victim, or better yet start a business that protects other companies from Twitter fakes.
Private Capital Providing The Bailout
The News: Fortune reports Treasury Secretary Tim Geithner is scheduled to announce his financial sector stabilization plan Tuesday. Full report.
Why It Matters: The private sector will heal the private sector, government intervention may only make things worse.
Lessons From The Great Depression
The News: CNN Money reports in this video on lessons learned from the Great Depression. Full report.
Why It Matters: Greatest lesson? Never let the banking system collapse.
Compiled by Mike Michalowicz, Author of The Toilet Paper Entrepreneur
