Monthly Archives: September 2013

HBCU Money™ Business Book Feature – Sugar In The Blood: A Family’s Story of Slavery and Empire


In the late 1630s, lured by the promise of the New World, Andrea Stuart’s earliest known maternal ancestor, George Ashby, set sail from England to settle in Barbados. He fell into the life of a sugar plantation owner by mere chance, but by the time he harvested his first crop, a revolution was fully under way: the farming of sugar cane, and the swiftly increasing demands for sugar worldwide, would not only lift George Ashby from abject poverty and shape the lives of his descendants, but it would also bind together ambitious white entrepreneurs and enslaved black workers in a strangling embrace. Stuart uses her own family story—from the seventeenth century through the present—as the pivot for this epic tale of migration, settlement, survival, slavery and the making of the Americas.

As it grew, the sugar trade enriched Europe as never before, financing the Industrial Revolution and fuelling the Enlightenment. And, as well, it became the basis of many economies in South America, played an important part in the evolution of the United States as a world power and transformed the Caribbean into an archipelago of riches. But this sweet and hugely profitable trade—“white gold,” as it was known—had profoundly less palatable consequences in its precipitation of the enslavement of Africans to work the fields on the islands and, ultimately, throughout the American continents. Interspersing the tectonic shifts of colonial history with her family’s experience, Stuart explores the interconnected themes of settlement, sugar and slavery with extraordinary subtlety and sensitivity. In examining how these forces shaped her own family—its genealogy, intimate relationships, circumstances of birth, varying hues of skin—she illuminates how her family, among millions of others like it, in turn transformed the society in which they lived, and how that interchange continues to this day. Shifting between personal and global history, Stuart gives us a deepened understanding of the connections between continents, between black and white, between men and women, between the free and the enslaved. It is a story brought to life with riveting and unparalleled immediacy, a story of fundamental importance to the making of our world.

HBCU Money™ Dozen Links 9/23 – 9/27


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. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.


Iran accused of hacking into U.S. Navy computers l ComputerWorld

Expect tech glitches when Obamacare launches Oct. 1 l NetworkWorld

Lowering The Resilient Soft Costs Of Solar l Clean Technica

In race against time, NSF grants fund research on Earth’s threatened biodiversity l NSF

Best practices that North Atlantic USA communities are using for climate adaptation l CT Sea Grant

Lifeless planet: Just for fun, we’ve imagined what would happen if all life on Earth died tomorrow l New Scientist

Federal Reserve, Central Banks, & Financial Departments

Learn how Louisville, Ky., transitioned from an industrial economy to a service economy l St. Louis Fed

Why are U.S. firms holding record amounts of cash? l St. Louis Fed

Home Depot overcomes financial crisis l Housing Wire

Government shutdown seeps into overall economic growth l Housing Wire

A video shows how households & businesses interact and explains how money keeps the process moving l St. Louis Fed

Efforts to monitor risks in the shadow banking system, such as by the Financial Stability Board l NY Fed

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

HBCU Money™ Presents: 2013’s HBCU Alumni NFL Players’ & Salaries


The top earning HBCU NFL player is Alabama A&M’s Robert Mathis (pictured above)


  • NFL teams spent $3.5 billion of 2013’s $4 billion available.
  • HBCU NFL players combine for $59.2 million in salaries or 1.7 percent of salaries spent. Estimated take home after taxes and agent/lawyer fees is $29. 6 million.
  • Hampton University leads the way with 4 NFL players.
  • 19 HBCUs are represented in the NFL.
  • SWAC/MEAC conferences both have 6 schools represented.
  • HBCU NFL players represent approximately 1.7 percent of roster positions available.
  • Average salary for HBCU NFL players is $2.1 million. In 2011, the average NFL salary was $1.9 million according to Bloomberg Businessweek.
  • Median salary for HBCU NFL players is $895 000. In 2011, the median NFL salary was $777 000 according to Bloomberg Businessweek.
  1. Robert Mathis – DE – Indianapolis Colts – $10 750 000
    (Alabama A&M)

  2. Kendall Langford – DE – St. Louis Rams – $6 000 000

  3. Antoine Bethea – S – Indianapolis Colts – $5 750 000

  4. Jacoby Jones – WR – Baltimore Ravens – $4 900 000

  5. Dimitri Patterson – CB – Miami Dolphins – $4 600 000

  6. Greg Toler – CB – Indianapolis Colts – $4 333 333
    (St. Paul’s)

  7. D. Rodgers-Cromartie – CB – Denver Broncos – $2 900 000
    (Tennessee State)

  8. Sammie Hill – DT – Tennessee Titans – $2 766 666

  9. Jason Hatcher – DT – Dallas Cowboys – $2 600 000
    (Grambling State)

  10. William Hayes – DE – St. Louis Rams – $2 050 000
    (Winston-Salem State)

  11. Junior Galette – OLB – New Orleans Saints – $1 700 000

  12. Eric Weems – WR – Chicago Bears – $1 415 000

  13. Chris Baker – NT – Washington Redskins – $1 323 000

  14. Justin Durant – LB – Dallas Cowboys – $950 000

  15. Tavaris Jackson – QB – Seattle Seahawks – $840 000
    (Alabama State)

  16. Kenrick Ellis – DT – New York Jets – $707 500

  17. Don Carey – S – Detroit Lions – $680 000
    (Norfolk State)

  18. Phillip Adams – CB – Oakland Raiders – $630 000
    (South Carolina State)

  19. Terron Armstead – T – New Orleans Saints – $559 359
    (Arkansas Pine-Bluff)

  20. Rafael Bush – S – New Orleans Saints – $555 000
    (South Carolina State)

  21. Rashean Mathis – DB – Detroit Lions – $555 000

  22. Joe Anderson – WR – Chicago Bears – $480 000
    (Texas Southern)

  23. Anthony Levine – S – Baltimore Ravens – $480 000
    (Tennessee State)

  24. Larry Donnell – TE – New York Giants – $405 000
    (Grambling State)

  25. Marquette King – P – Oakland Raiders – $405 000
    (Fort Valley State)

  26. Kevin Elliot – WR – Buffalo Bills – $303 000
    (Florida A&M)

  27. Adrian Hamilton – OLB – Baltimore Ravens – $303 000
    (Prairie View A&M)

  28. Saeed Lee – CB – Atlanta Falcons – $288 000
    (Alabama State)

Sources:, The Guardian, Spotrac

When Being a Couch Potato Pays Off

By Kendra Briscoe


While most people are doing their best to stay ahead of day-to-day expenses given today’s economic turmoil, an investment portfolio is more important to a sound financial future than ever.  If leaving your nine-to-five to play on Wall Street is not an option, maybe you should look into passive, or couch potato, investing.  Taking the couch potato approach may demand a large amount of money or time to set up the initial investment vehicle, but once it takes off, there should be very limited maintenance necessary.

Passive sources of income include rental property; dividend bearing stocks or mutual funds; savings accounts and CDs; and bonds.  These investments are designed to pay off in the long term and require the investor to believe the investment is strong enough to survive market flutuations.  It is also recommended that more than one avenue of passive investing is explored to ensure that if one stream of income collapses there are still other potentials for investment income.  For the average person, passive investing will not lead to great wealth.  It can, however, be a steady stream of income over an extended period of time, and a nice supplement to your working wages with very little daily work.

Highest Passive Earners: U.S. Cities (below)

passiveearners.01.13 PM

Let’s say you decide to purchase rental property.  In the beginning you will likely use some of your resources, shellings out a substantial amount of money to purchase the property and maybe fix it up.  After the property has been rented, however, you should have very little to do besides depositing rent checks (and the occasional home repair) to make a profit on your investment.

Adding the right stocks to your investment portfolio takes time consuming research, especially if your goal is to add these stocks as passive, long term investments that you “set and forget”.  Adequate knowledge of stocks you own will help you balance the risk/reward and better stomach temporary losses. If you are interested in getting into the stock market, I suggest starting with “Recommended Reading For African American Financial Starters”, which is featured on HBCU Money.

The 2008 Ariel/Schwab Black Investor Survey concludes that because wealth is a newer concept to African Americans they tend to tie their money up in lower risk investments, such as real estate and bonds, in an attempt to retain their riches.  This may explain why 20% more European Americans than African Americans invest in the stock market.   In essence, African Americans who invest the same amount as their European American counterparts can expect to see less return over time.  According to Mellody Hobson, president of Ariel Investments, “Investors should remember that the stock market has averaged about 10 percent per year over the long-term.”  Savings accounts, CDs, and bonds may guarantee a certain percentage of return, but these returns can be more than doubled by wisely investing in stocks.

Passive investing requires some type of significant contribution on your part, whether time or money.  Once the initial work is complete, though, you will be able to sit back and relax knowing that your money is working for you while you are working on other things.

HBCU Money™ B-School: Mission Of The United States Federal Reserve


The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.

Today, the Federal Reserve’s duties fall into four general areas:

  • conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
  • supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
  • maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
  • providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system

Source: Federal Reserve