Monthly Archives: March 2013

HBCU Money™ Business Book Feature – Alone Together: Why We Expect More from Technology and Less from Each Other


Technology has become the architect of our intimacies. Online, we fall prey to the illusion of companionship, gathering thousands of Twitter and Facebook friends and confusing tweets and wall posts with authentic communication. But, as MIT technology and society specialist Sherry Turkle argues, this relentless connection leads to a new solitude. As technology ramps up, our emotional lives ramp down. Alone Together is the result of Turkle’s nearly fifteen-year exploration of our lives on the digital terrain. Based on hundreds of interviews, it describes new unsettling relationships between friends, lovers, parents, and children, and new instabilities in how we understand privacy and community, intimacy, and solitude.

HBCU Money™ Dozen Links 3/25 – 3/29

Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure.

Government Departments

Some people are more susceptible to foodborne illness. Are any of your loved ones in these groups? l USDA

Geoengineering scheme to stop climate change involves spawning artificial plankton in the ocean l Foreign Affairs

USDA Blog: Healthy Eating on a Budget l USDA

Ready to export your goods or services? Here are 4 ways to get paid for an international order l SBA

U.S. & Chinese presidents meet with African leaders. l U.S. GAO

There’s Nothing to Fear But the Debt Itself l Senate News

Federal Reserve, Central Banks, & Financial Departments

Southeastern Insights sees continuing strength in housing, autos, tourism, and energy l Atlanta Fed

How can we predict what inflation will be in the future, in light of the Fed’s policies? l Cleveland Fed

In Africa only 13% of 15+ year olds saved at a financial institution in the last 12 months l World Bank

Find out why more people aren’t making the investment in a college degree l St. Louis Fed

Community Development Resources page has custom data & mapping tools, small business resources l Richmond Fed

Video: Why is financial inclusion so important to healthy household balance sheets? l St. Louis Fed

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important government and central bank articles of the week.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ March 29, 2013


African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.34 (0.00% UNCH)

Radio One (ROIA) $1.74 (0.00% UNCH)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  191.34 (0.76% UP)

Botswana Stock Exchange (BSE)  N/A

Ghana Stock Exchange (GSE)  1 733.47 (44.49% UP)*

Nairobi Stock Exchange (NSE)  117.91 (N/A)

Johannesburg Stock Exchange (JSE) 39 860.84 (0.00% UNCH)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 107.05 (0.40% UP)

London Stock Exchange (LSE)  3 367.33 (0.00% UNCH)

Tokyo Stock Exchange (TOPIX)  1 034.71 (0.20% DN)


Gold 1 555.70 (0.72% DN)

Oil 97.23 (0.67% UP)

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

All quotes reported as of 1:00 PM Eastern Time Zone

The HBCU Endowment Feature – Clark Atlanta University


School Name: Clark Atlanta University

Median Cost of Attendance: $34 218

Undergraduate Population: 3 127

Endowment Needed: $2 139 993 760

Analysis: Clark Atlanta University needs approximately $2.1 billion for all of its undergraduates to attend debt free annually. The school where W.E.B. DuBois taught after achieving his doctorate from a college in the Northeast remains the least known of the AUC trio despite a storied history of its own. Clark Atlanta has a geographic advantage that it certainly can exploit by being the only HBCU with a graduate school in a major metropolitan in the deep southeast which should allow it to be a major draw for HBCU undergraduates within the states of Georgia, Florida, South Carolina, and even arguably Alabama. If Clark Atlanta focuses on developing its graduate school, it could become a research juggernaut among HBCUs in the southeast and the spillover effects into its endowment could easily catapult Clark Atlanta University into the billion dollar endowment conversation amongst HBCUs. The university must also do something to stem its declining undergraduate population. Something that will be very hard in terms of attracting top tier students being the proverbial third wheel in the AUC. Distinguishing itself on the graduate level could stabilize the school and help it produce high quality graduates that in turn would produce sizable gains for the Clark Atlanta endowment. If it does not find its niche we could see a continue steady decline at the teaching “home” of DuBois. However, if it can make the pivot and establish a vision on the graduate level then the Clark Atlanta endowment will find new air.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

HBCU Money™ Business Book Feature – Black Asset Poverty and the Enduring Racial Divide

Claims of a postracial society notwithstanding, there are enormous and even expanding differences in the level of assets owned by various racial and ethnic groups and black families are vastly overrepresented among the asset poor. Lori Martin provides an in-depth exploration of the causes and consequences of racial wealth inequality.Drawing on both national data and case studies from New York City, Martin probes the reasons for discrepancies in wealth accumulation and their significance for black Americans of all economic classes. Her work allows a deeper understanding of the impact of asset poverty on individuals, families, communities, and the nation as a whole.