Christine Lagarde has been nominated by the International Monetary Fund to a second five-year term as managing director. The IMF Executive Board received no other nomination. Lagarde was a lawyer and served in the French and EU governments before joining the IMF in 2011.
One of the biggest reasons new leaders struggle is a lack of emotional intelligence, writes Naphtali Hoff, echoing the sentiments of Philadelphia Eagles CEO Jeffrey Lurie. Hoff explains psychologist Daniel Goleman's five qualities of emotional intelligence and says leaders can learn to be more self-aware and more attuned to the emotions of others. "And since emotions have a ripple effect, leaders must uphold their responsibility to maintain a productive environment," Hoff writes.
President Barack Obama's proposed budget for fiscal year 2017 includes $500 million for new grants to support technology usage by schools and other activities specified in the Every Student Succeeds Act. However, the International Society for Technology in Education says that more money is needed to properly fund training and technology for schools.
The Federal Reserve's first interest-rate increase in nine years isn't the reason markets are volatile, says Janet Yellen, head of the central bank. The increase had little effect on markets because investors expected it, she told the Senate banking committee. Oil prices and the value of China's currency are driving the turmoil, Yellen said. Yellen also faced questions about major banks' "living wills" and the Fed's stress tests.
Starbucks' $70 million ethical-sourcing campaign has paid dividends and helped the company achieve 99% ethical sourcing, thanks to clear goals and priorities, writes Margo Mosher. "By leveraging existing prioritization and goal-setting tools, companies can focus on integrating the most important issues into their business strategies," Mosher explains.
A study in the British Medical Journal found that a patient-to-nurse ratio of no more than six patients per nurse is associated with 20% lower patient mortality than when each nurse is responsible for at least 10 patients. Findings also show a 17% reduction in mortality with lower patient-to-nurse ratios in surgical wards.
A bartender's Twitter and YouTube campaign to have the Pittsburgh Penguins use "Party Hard" by Andrew W.K. as a theme song has paid off, with the team adopting the song for post-goal celebrations. The campaign drew 33 million impressions.
Gwen Stefani will film a four-minute music video and Target commercial live on a Los Angeles soundstage during the Grammy Awards next week. The retailer, which last year debuted a live performance/commercial by Imagine Dragons during the music awards show, is billing the new effort as "the first music video ever created on live television."
A Kickstarter campaign is underway for Immersit's bases, which move and vibrate. They go under the legs of a chair or couch to make the furniture vibrate and move up and down and side to side to augment the experience of watching a movie at home. The company claims its kit can recognize what movie is playing and add motion accordingly.
Pfizer said it will establish a new division by integrating Allergan's ophthalmology and aesthetics products to its consumer health product line upon the completion of its $160 billion purchase of Allergan. The new global specialty and consumer brand division will operate under Pfizer's innovative products unit. The acquisition is expected to be completed in the second half of this year.
LightSquared has a new identity -- Ligado Networks -- and plenty of spectrum, but the company has yet to win regulatory approval to deploy those frequencies. CEO Doug Smith said Ligado, which recently emerged from bankruptcy, is considering its business options. "Our plan is to build a business here and to put the spectrum to use," Smith said.
Long Beach, Calif., is using a public-private partnership to build a new $530 million city hall, port headquarters, library and park. The project includes two 11-story buildings, and the city will pay for the projects over 40 years. A $390 million courthouse in Long Beach was also built using P3.
Meeting the world's Paris climate goals will prove tricky if countries focus solely on reducing their emissions and not on actively cleaning the atmosphere, writes Phil Williamson. "[T]he unwelcome truth is that, unless a lot more effort is made to cut emissions, significant CO2 removal will need to begin around 2020," he warns.
American Airlines offers a concierge service, Five Star Service, that can be purchased as an amenity. Chris Chamberlin tested the service in Los Angeles and New York, and concluded that "American Airlines' VIP service makes travelling as effortless as possible for seriously high flyers -- on departure, at least."