Working students
Nearly four out of five U.S. students hold jobs while attending high school or college, logging an average of 19 hours at work each week. Students say they seek a jump start on their careers before leaving school, and parents are contributing less toward college costs.
MarketWatch.com
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Where interest rates soar
A recent study found that 37 percent of borrowers of payday loans would pay any price for the service. But as states crack down on abusive or deceptive payday lenders, some companies have switched from payday loans to installment loans, which often carry interest rates that soar into triple digits.
ProPublica.org
Bank of England's new policy
The Bank of England said it would tie interest rates, currently at 0.5 percent, to the nation’s unemployment level until the joblessness drops to at least 7 percent, from 7.8 percent. By linking interest rates to unemployment, the central bank is aligning itself more closely to the U.S. Federal Reserve’s policy.
The New York Times
Nokia Siemens may cut workforce
Nokia Siemens Networks is considering slashing 8,500 jobs, reducing its workforce by 17 percent, by shutting down plants and outsourcing manufacturing operations. The job cuts are due to waning sales; last quarter, the phone-maker’s revenue dropped 17 percent.
Bloomberg.com
Univision reaches No. 1
Spanish-language network Univision hit the No. 1 spot in TV viewers aged 18 to 49 last month, beating out Fox, NBC, and CBS. Advertisers have taken notice: The Hispanic advertising industry is now worth more than $5 billion, and is growing four times faster than other advertising sectors.
Harvard Business Review
