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This Is The Most Dangerous Habit CEOs Are Learning From Donald Trump

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Donald Trump is reshaping Washington. But the interesting thing is that it is not just Washington that he is impacting, Wall Street is learning from him.

For as long as there’s been media, politicians have decried its treatment of them. US president Donald Trump has taken it to a new level by branding any story or outlet he disagrees with as “fake news.” As bad habits go, Trump’s routine recasting of facts as the lies of his enemies is particularly egregious.

And now it’s spreading. An increasing number of executives in business and elsewhere have seized on Trump’s strategy of discrediting the media to deflect attention from their own struggles. He is teaching companies to operate fact-free and that is dangerous for the business community.

Cases

  • Michael Johnson, CEO of nutrition-supplement maker Herbalife, said the company’s financial struggles were “agitated by” public complaints from a short-seller, glossing over its $200 million settlement with the Federal Trade Commission for running a pyramid scheme.
  • Officials at FIFA, soccer’s global governing body, denounce “FIFA-bashing” in the media, even as more of them get swept up in corruption charges.
  • Eddie Lampert, CEO of Sears Holdings, this week lambasted the “irresponsible” media for “singling out” the 131-year-old retailer with negative coverage. Lampert says it’s “very unfair” that journalists keep using the word bankruptcy to describe the likelihood of Sears filing for, well, bankruptcy.

In business, as in life, there are often two sides to a story. Entire industries rest on the importance of analyzing companies’ successes and struggles. But commerce also rests on mutually agreed-upon facts. Sure, there’s nuance in how you ended up with them, or where you go next, but numbers—like hips—don’t lie.

If the business word moves in this terrain, Trump might have started the collapse of capitalism the way we know it.

Donald Trump is bringing an era of fact-free capitalism and many CEOs are picking his skills to question analysts and journalists covering their businesses.

America cannot operate on fact-free democracy, and at the same time fact-free capitalism.

This Bank Is Making 0% Interest Rate Loans In Nigeria

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This sounds really cool – 0% interest rate on loans, in Nigeria.

The Bank of Industry (BoI) has reduced its interest rates for National Youth Service Corps (NYSC) members under its Graduate Entrepreneurship Fund (GEF) programme, to 0% from 9%, as part of measures to encourage entrepreneurship and aid business growth.

According to the BOI, the GEF scheme being implemented by it in partnership with the  NYSC Directorate is currently on the second edition and has recorded over N262.9 million disbursements to 177 successful candidates.

The bank said the 0% charge took effect from May 1, 2017.

Visit the bank website and explore opportunities – http://www.boi.ng/

 

Banks To Charge 1% Value Or N5,000 Penalty For Unfunded Returned Cheques In Nigeria

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Nigerian banks can now charge customers 1% of value or N5,000 penalty for unfunded returned cheques. This starts May 1, 2017.

Updated Policy on Returned Cheques

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Dear Customer,

The Central Bank of Nigeria recently announced revised guidelines for charges on customer transactions including returned cheques.  

Starting May 1st, customers whose cheques are returned due to inadequate funds in their accounts will be required to pay either 1% of the value of thecheque or 5,000 (the higher amount will be charged).

Please note that this only applies to unfunded accounts. There will be no charge when your cheque is returned and you have funds in your account.

How To Apply For 2017 JAMB Direct Entry

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JAMB Direct Entry is mainly for those who already possess a diploma certificate and wish to go for a degree programme in any Nigerian university. Generally, students who gain admission into the university via direct entry will start from part 2 or 200 level in their college of choice.

All candidates should possess either of the diploma certificates listed as follows: Cambridge A Level, B Sc, HND, ICAN, ND, NCE, OND, and JUPEB IJMB. All the holders of the diploma certificates mentioned here would be admitted provided they possess the institution requirements and pass the direct entry examination.
Before you proceed, check: Mobile Application to Register for 2017 JAMB UTME & DE, Nigerian Universities that Accept Lower Credit for Direct Entry, JAMB Brochure, JAMB Direct Entry Registration Centres and 2017 JAMB Direct Entry Form Approved Selling Points.

he registration fee for the 2017 Direct Entry is Five Thousand Naira (?5,000) Candidates are also, as usual, to pay Five Hundred Naira (?500) only to obtain the reading text- ‘‘The Last Days at Forcados High School’ for Direct Entry Candidates.

Candidates ought to note that e-PINS being purchased are tied to individual pro?le and aren’t transferable. We strongly recommend candidates to keep their security details such as password/numbers of ATM Cards, registration numbers, E-Pins and e-mail addresses con?dential.

Each candidate must personally create a JAMB profile on the JAMB portal through JAMB Mobile App available on Android, Windows and iOS platforms OR on the JAMB portal: www.jamb.org.ng. Name. Date of birth, personal e-mail address, and place of origin are required to create the profile.

Each Candidate is to gather his e-slip at the final of registration as proof of the process made. As is the practice, centers are allowed to charge not more than Seven Hundred Naira (?700) only as registration. Any center that charges more than Seven Hundred Naira (?700) should be reported to JAMB for appropriate sanctions.

JAMB Direct Entry Registration Requirements

A minimum of ?ve (5) GCE/WASCE credits at less than 2 sittings with a minimum of 2 Principal or Advanced level C.E. Two passes at the IJMB Advanced Level Examination, Cambridge moderated Schools of Basic Studies Terminal Examination, JUPEB or Institute of Baccalaureate from recognized institutions with SSCE/GCE, NTS/NBC credits equivalent in three other subjects (subject to university requirements).

Passes in two major topics in the NCE with S.C.E., NTC/NBC credits or equivalents in THREE other subjects (mainly for Education Courses) and ND. For those taking courses in Education, this course can be accepted as a third A’ Level subject.

Minimum of lower credit grade in the National Diploma or National Innovation certificate together with the O’Level necessities. Candidates have to remember that they will be required to provide their JAMB registration number which they used while gaining admission to NCE, Diploma, etc. for Direct Entry admission.

Beggars In China Now Accepting Donations Via Mobile Payments And QR Codes

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This is today’s roundup of major news around the world

Modern day alms. Beggars in parts of China are now accepting donations via mobile payments and QR codes. But some have been hired as part of a marketing ploy to collect cellphone numbers for marketers.

Deeper trouble. A judge in San Francisco called for a criminal investigation of alleged stolen trade secrets by ride service Uber. In a ruling issued late on Thursday, U.S. District Judge William Alsup also partially granted rival Waymo’s request for an injunction against Uber’s self-driving car program

Tracking your every move. A spyware program that logged keystrokes was found installed in the audio driver software on two dozen models of Hewlett-Packard laptops. The company said that the collected data was never accessed and that it would issue an update this week to uninstall the app.

Apple’s Watch can detect an abnormal heart rhythm with 97% accuracy: This is just a study built on a preliminary algorithm, but it holds promise in trying to identify and prevent stroke in the future. (Atrial fibrillation, the most common abnormal heart rhythm, causes 1 in 4 strokes.) In the future, adding to wearable devices algorithms trained to identify heart problems could help save lives, Link