Monthly Archives: February 2013

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ February 22, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.27 (0.00% UNCH)

Radio One (ROIA) $1.45 (5.23% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  184.73 (0.70% UP)

Botswana Stock Exchange (BSE)  7 861.91 (0.02% UP)

Ghana Stock Exchange (GSE)  1 447.69 (20.67% UP)*

Nairobi Stock Exchange (NSE)  105.27 (N/A)

Johannesburg Stock Exchange (JSE) 39 657.82 (UNCH)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 894.63 (0.96% UP)

London Stock Exchange (LSE)  3 336.18 (0.70% UP)

Tokyo Stock Exchange (TOPIX)  963.48 (0.06% UP)

Commodities

Gold 1 580.80 (0.14% UP)

Oil 93.30 (0.50% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 6:00 PM Eastern Time Zone

Advertisements

Student Debt Profile By Conference (School By School) – The CIAA


CIAA

Bowie State University

Average debt of graduates, 2011 – $24 291

Proportion of graduates with debt, 2011 – 76%

Nonfederal debt, % of total debt of graduates, 2011 – 9%

2010-11 Pell Grant recipients – 52%

Elizabeth City State University

Average debt of graduates, 2011 – $3 846

Proportion of graduates with debt, 2011 – 44%

Nonfederal debt, % of total debt of graduates, 2011 – 49%

2010-11 Pell Grant recipients – 66%

Fayetteville State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 72%

Johnson C. Smith University

Average debt of graduates, 2011 – $46 673

Proportion of graduates with debt, 2011 – 100%

Nonfederal debt, % of total debt of graduates, 2011 – 5%

2010-11 Pell Grant recipients – 58%

Lincoln (PA) University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 64%

Livingstone College

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 84%

Saint Augustine’s University

Average debt of graduates, 2011 – $12 652

Proportion of graduates with debt, 2011 – 93%

Nonfederal debt, % of total debt of graduates, 2011 – 8%

2010-11 Pell Grant recipients – 74%

Shaw University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 75%

Virginia State University

Average debt of graduates, 2011 – $28 250

Proportion of graduates with debt, 2011 – 90%

Nonfederal debt, % of total debt of graduates, 2011 – 24%

2010-11 Pell Grant recipients – 71%

Virginia Union University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 67%

Winston-Salem State University

Average debt of graduates, 2011 – N/A

Proportion of graduates with debt, 2011 – N/A

Nonfederal debt, % of total debt of graduates, 2011 – N/A

2010-11 Pell Grant recipients – 53%

Source: The Project on Student Debt

HBCU Money™ Histronomics: Martin Luther King, Jr. on African American Owned Banks & Institutions


Below is an excerpt rarely mentioned from Martin Luther King, Jr.’s speech “I’ve Been To The Mountaintop” bringing into focus his feelings on the need for African American economic independence and the need for African Americans to support, strengthen, and build strong institutions under their ownership and stewardship. The next day he would be assassinated in Memphis, Tennessee.

mlk

It’s all right to talk about “long white robes over yonder,” in all of its symbolism. But ultimately people want some suits and dresses and shoes to wear down here! It’s all right to talk about “streets flowing with milk and honey,” but God has commanded us to be concerned about the slums down here, and his children who can’t eat three square meals a day. It’s all right to talk about the new Jerusalem, but one day, God’s preacher must talk about the new New York, the new Atlanta, the new Philadelphia, the new Los Angeles, the new Memphis, Tennessee. This is what we have to do.

Now the other thing we’ll have to do is this: Always anchor our external direct action with the power of economic withdrawal. Now, we are poor people. Individually, we are poor when you compare us with white society in America. We are poor. Never stop and forget that collectively — that means all of us together — collectively we are richer than all the nations in the world, with the exception of nine. Did you ever think about that? After you leave the United States, Soviet Russia, Great Britain, West Germany, France, and I could name the others, the American Negro collectively is richer than most nations of the world. We have an annual income of more than thirty billion dollars a year, which is more than all of the exports of the United States, and more than the national budget of Canada. Did you know that? That’s power right there, if we know how to pool it.

We don’t have to argue with anybody. We don’t have to curse and go around acting bad with our words. We don’t need any bricks and bottles. We don’t need any Molotov cocktails. We just need to go around to these stores, and to these massive industries in our country, and say, “God sent us by here, to say to you that you’re not treating his children right. And we’ve come by here to ask you to make the first item on your agenda fair treatment, where God’s children are concerned. Now, if you are not prepared to do that, we do have an agenda that we must follow. And our agenda calls for withdrawing economic support from you.”

And so, as a result of this, we are asking you tonight, to go out and tell your neighbors not to buy Coca-Cola in Memphis. Go by and tell them not to buy Sealtest milk. Tell them not to buy — what is the other bread? — Wonder Bread. And what is the other bread company, Jesse? Tell them not to buy Hart’s bread. As Jesse Jackson has said, up to now, only the garbage men have been feeling pain; now we must kind of redistribute the pain. We are choosing these companies because they haven’t been fair in their hiring policies; and we are choosing them because they can begin the process of saying they are going to support the needs and the rights of these men who are on strike. And then they can move on town — downtown and tell Mayor Loeb to do what is right.

But not only that, we’ve got to strengthen black institutions. I call upon you to take your money out of the banks downtown and deposit your money in Tri-State Bank. We want a “bank-in” movement in Memphis. Go by the savings and loan association. I’m not asking you something that we don’t do ourselves at SCLC. Judge Hooks and others will tell you that we have an account here in the savings and loan association from the Southern Christian Leadership Conference. We are telling you to follow what we are doing. Put your money there. You have six or seven black insurance companies here in the city of Memphis. Take out your insurance there. We want to have an “insurance-in.”

Now these are some practical things that we can do. We begin the process of building a greater economic base. And at the same time, we are putting pressure where it really hurts. I ask you to follow through here.

Now, let me say as I move to my conclusion that we’ve got to give ourselves to this struggle until the end. Nothing would be more tragic than to stop at this point in Memphis. We’ve got to see it through. And when we have our march, you need to be there. If it means leaving work, if it means leaving school — be there. Be concerned about your brother. You may not be on strike. But either we go up together, or we go down together.

– Dr. Martin Luther King, Jr. (April 3, 1968)


The HBCU Endowment Feature – Coahoma Community College


ccc

School Name: Coahoma Community College

Median Cost of Attendance: $7 054

Undergraduate Population: 2 216

Endowment Needed: $312 633 280

Analysis: Coahoma Community College needs an approximately $313 million endowment for all of its students to attend debt free annually. The school is located in Clarksdale, MS where almost 55 percent of the 20 000 plus population is African American. HBCUs in Mississippi either 2 year or 4 year face serious demographic issues in major part due to the median income for African Americans in the state being below the national poverty income.However, CCC is positioned with over 10 percent of the town’s population to greatly influence the public funding towards the institution. The ability to build its endowment could largely lie in it building intimate relationship with a number of HBCUs in the region and supplying them with quality graduates. With the growing importance of two year institutions as college grows more and more expensive and yet necessary, the influx of students through two year institutions will continue to spike. Coahoma Community College would be well served to create programs that are both four year tracks as well as tracks for non-academic careers like electricians, plumbers, and the advancing green job movement. However, it must do so with two things in mind. First, it must create a social connection for the students. They must feel that CCC was integral in their college experience whether they graduated at two years or went on to a four year. Secondly, and just as important for those focused on the two year track and non-academic studies they must offer a study in entrepreneurship for it. Not just teaching one to become an electrician but how to own and operate an electrician firm. Given that generational wealth is created via ownership of companies and firms this would ensure their students are job and wealth creators. This in turn will produce potential donors in the future that are intimately connected to the school.

HBCU Money™ Business Book Feature – Full Planet, Empty Plates: The New Geopolitics of Food Scarcity


fullplanet2

With food supplies tightening, countries are competing for the land and water resources needed to feed their people.

With food scarcity driven by falling water tables, eroding soils, and rising temperatures, control of arable land and water resources is moving to center stage in the global struggle for food security. “In this era of tightening world food supplies, the ability to grow food is fast becoming a new form of geopolitical leverage. Food is the new oil,” Lester R. Brown writes.

What will the geopolitics of food look like in a new era dominated by scarcity and food nationalism? Brown outlines the political implications of land acquisitions by grain-importing countries in Africa and elsewhere as well as the world’s shrinking buffers against poor harvests. With wisdom accumulated over decades of tracking agricultural issues, Brown exposes the increasingly volatile food situation the world is facing.