Monthly Archives: April 2013

HBCU Money™ Business Book Feature – Blackett’s War: The Men Who Defeated the Nazi U-Boats and Brought Science to the Art of Warfare

9780307595966_p0_v2_s260x420

The exciting history of a small group of British and American scientists who, during World War II, developed the new field of operational research to turn back the tide of German submarines—revolutionizing the way wars are waged and won.

In March 1941, after a year of unbroken and devastating U-boat onslaughts, the British War Cabinet decided to try a new strategy in the foundering naval campaign. To do so, they hired an intensely private, bohemian physicist who was also an ardent socialist. Patrick Blackett was a former navy officer and future winner of the Nobel Prize; he is little remembered today, but he and his fellow scientists did as much to win the war against Nazi Germany as almost anyone else. As director of the World War II antisubmarine effort, Blackett used little more than simple mathematics and probability theory—and a steadfast belief in the utility of science—to save the campaign against the U-boat. Employing these insights in unconventional ways, from the washing of mess hall dishes to the color of bomber wings, the Allies went on to win essential victories against Hitler’s Germany.

Here is the story of these civilian intellectuals who helped to change the nature of twentieth-century warfare. Throughout, Stephen Budiansky describes how scientists became intimately involved with what had once been the distinct province of military commanders—convincing disbelieving military brass to trust the solutions suggested by their analysis. Budiansky shows that these men above all retained the belief that operational research, and a scientific mentality, could change the world. It’s a belief that has come to fruition with the spread of their tenets to the business and military worlds, and it started in the Battle of the Atlantic, in an attempt to outfight the Germans, but most of all to outwit them.

HBCU Money™ Dozen Links 4/8 – 4/12

???????????????????????????????????????

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

Joint Domestic Nuclear Detection Office – NSF: Academic Research Initiative l NSF Math & Physics http://ow.ly/k22af

Over 90% of #Industrial Assessment Center student participants have job offers before graduation l Energy http://go.usa.gov/Tgtw

Age is Just a Number for 100-Year-old Farmer l USDA http://ow.ly/k22Sy

Truman Fellow Jessie Daniels preaching the gospel of cybersecurity l Truman Project http://tru.mn/YQOkjL

‘Scary’ search engine can find millions of agency back doors l Government Computer News http://ow.ly/k14Y3

Find an SBA & AARP Encore Entrepreneur event near you l SBA http://ow.ly/jZaHx

Federal Reserve, Central Banks, & Financial Departments

How can we develop a sound rental housing market for the millions that need safe & affordable shelter? l World Bank http://bit.ly/WbrQtq

How many adults use mobile banking in sub-Saharan Africa? Dataviz l World Bank http://ow.ly/k1gxB

Opportunity for Youth is the Key to Haiti’s Future l US Treasury http://ow.ly/k25nF

Chart: Business inventories edged up 0.1 percent in February l St. Louis Fed http://bit.ly/YQMpvx

Charts show current credit, #risk & leverage conditions l Chicago Fed http://ow.ly/k0UtS

Video: See presentation about the effects of health and wealth shocks on retirement decisions l St. Louis Fed http://bit.ly/10OTuuB

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 /\ April 12, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.50 (0.00% UNCH)

Radio One (ROIA) $1.76 (2.92% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  191.41 (0.19% UP)

Botswana Stock Exchange (BSE)  8 545.10 (0.19% UP)

Ghana Stock Exchange (GSE)  1 763.50 (46.99% UP)*

Nairobi Stock Exchange (NSE)  121.71 (N/A)

Johannesburg Stock Exchange (JSE) 38 630.54 (1.23% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 177.69 (0.69% DN)

London Stock Exchange (LSE)  3 367.49 (0.48% DN)

Tokyo Stock Exchange (TOPIX)  1 148.57 (0.11% UP)

Commodities

Gold 1 487.00 (4.98% DN)

Oil 91.06 (2.62% DN)

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

All quotes reported as of 4:00 PM Eastern Time Zone

The Roth IRA Challenge: Virginia State University vs Clark Atlanta University

By William A. Foster, IV

vsucaut 12.29.15 AM

Without the spur of competition we’d loaf out our life. — Arnold Glasow

There is no secret that America as a whole is not saving enough for retirement and there is also a saying that when America catches a cold that African America has pneumonia. Currently, African Americans median monthly savings equates to only 51.4 percent and an abysmal 11 percent of the median monthly savings for European and Asian Americans, respectively. However, our behavior in terms of consumption and savings either as a result of ignorance or envy as it relates to our financial situation continues to have us acting with a behavior that does not show us closing the gap anytime soon. That is unless we hold ourselves and each other accountable.

It was a few months ago I was talking to a friend of mine who is a therapist and we were discussing how we really did not feel like we were saving enough for retirement. There were a number of factors influencing this for sure (student loans being the primary elephant in the room) but one thing we laughed about is how competitive we both were and that we should make a competition out of saving for retirement. She had no retirement accounts because her job did not offer 401(k) as it was such a small firm. I helped her set up her Roth IRA because I actually prefer it over the 401(k) for a number of different reasons. We decided to challenge each other to save a minimum of $50 a week and eventually  ramp it up to $100 a week to insure we were maxing out the annual allowance. The rules for Roth IRA allow you to contribute $5 000 over a 52 week period. A new fiscal year for Roth IRA’s typically starts April 15th to allow people to contribute tax refunds to it should they receive any. The penalty for missing a contribution was you had to donate $25 to the other person’s alma mater.

One of the things I found most interesting was that my friend grew up with a father who was an accountant so it was actually rather surprising that her aptitude about financial literacy was rather obtuse. Of course African American households in general talking about money seems to principally focus around how the bills will get paid. Budgeting, saving goals, investments, and other fiscal conversations are often left to happenstance. As it seems most often in our community we are catching and not pitching. That is to say we are reactive and not proactive about issues concerning ourselves, family, or community’s fiscal health among other things.

Ultimately, what I hope transpires as a result of our competition is a more active role and engagement about ideas for funding retirement. Talking about potential investment decisions and having an extra set of ideas to review your portfolio can be extremely beneficial. A group called Tiger 21, an investment club geared toward high net worth former entrepreneurs and executives, actually uses this peer review system. A member in each chapter must present, explain, and defend their portfolio to their peers at some point during the year. Is your peer over leveraged? Are they not holding enough cash? It also offers the opportunity for people to learn together, be accountable to each other, and compete with each other. Do you really need that extra purse or tennis shoes? Yes, it appears in the end I am my investors’ keeper.

The HBCU Endowment Feature – Shaw University

ShawBlock_Sealandlogo-1

School Name: Shaw University

Median Cost of Attendance: $22,258

Undergraduate Population: 2,265

Endowment Needed: $1.1 Billion

Analysis: Shaw University needs approximately $1 billion for all of its undergraduates to attend debt free annually. A media darling among HBCU circles over the past five years as its athletic program grabbed the spotlight in both football and basketball. It culminated with a Division II national championship for the women’s basketball team. Traditionally, athletic achievements have spurred alumni giving but it is still too early to tell if Shaw’s success will translate into significant donations for the Univesity. The school boast a healthy science tradition that if nurturted over the next ten to twenty years could produce significantly high quality donors based on the economy shifting towards a major healthcare boom thanks to the baby boomer generation’s looming retirement. This could provide a significant increase to their endowment over the coming generation. Shaw University has a limited graduate studies program and unless it has plans for expansion in that area it will need to see its undergraduate increase significantly in size. Geographically, the university is located in Raleigh, the heart of North Carolina’s Research Triangle, and lends itself a great opportunity for quality academic and economic recruitment. Raleigh is home to four community colleges and ten four year colleges (including Shaw) so recruitment is fierce. One thing is for sure though if Shaw University continues to find ways into the media spotlight through its balanced approach of bio-academic and athletic achievements it will be an endowment with the potential to make waves in the coming decades.

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.