Monthly Archives: November 2013

HBCU Money™ Business Book Feature – Lost Decades: The Making of America’s Debt Crisis and the Long Recovery


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A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead.

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists.

By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s.

Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

HBCU Money™ Dozen 11/18-11/22


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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.

Research

Monitoring growth rates in young horses l KY Equine Research http://ow.ly/r4Bk5

Brightest gamma-ray burst ever seen has record-breaking stamina, lasting for a whopping 20 hours l New Scientist http://ow.ly/r4BpP

Hydrogen Cars Slammed By Nissan’s/Renault’s Carlos Ghosn & VW’s Rudolf Krebs l Clean Technica http://dlvr.it/4McVV9

Some anti-cancer therapies work best when the friendly microbes in our body are strong and healthy l New Scientist http://ow.ly/r4CUg

Argonne’s MIRA supercomputer solves jet engines, Pringles and everything in between l Network World http://ow.ly/r4BtF

If you want to code from home, learn JavaScript l IT World http://ow.ly/r4BET

Federal Reserve, Central Banks, & Financial Departments

Before signing a #lease, look out for these 4 things l Practical Money Skills http://pmsfl.us/17NVHtq

Families in subsidized housing don’t get repairs done by landlords in a timely manner l Philadelphia Fed http://ow.ly/r4BPI

Gone to Texas: #Texas number one destination for domestic migrants since 2006 l Dallas Fed http://bit.ly/17NLQcl

Life Expectancy as a Barometer of Health and Wealth l San Fran Fed http://ow.ly/r4C4y

Underwriting standards, credit ratings major obstacles to credit access for low- & moderate-households l Philly Fed http://ow.ly/r4C8X

Economists find low interest rates are giving a weaker boost to spending in the current economic recovery l KC Fed http://ow.ly/r4Cek

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

The HBCU Money™ Weekly Market Watch


Our Money Matters /\ November 22, 2013

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.80 (0.00% UNCH)

M&F Bancorp (MFBP) $2.90 (0.00% UNCH)

Radio One (ROIA) $3.42 (1.18% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  219.88 (1.39% UP)

Botswana Stock Exchange (BSE)  8 825.74 (0.07% UP)

Ghana Stock Exchange (GSE)  2 132.01 (77.71% UP)*

Nairobi Stock Exchange (NSE)  138.83 (N/A)

Johannesburg Stock Exchange (JSE) 44 421.97 (0.71% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 205.65 (0.43% UP)

London Stock Exchange (LSE)  3 549.37 (0.05% DN)

Tokyo Stock Exchange (TOPIX)  1 248.57 (0.18% UP)

Commodities

Gold 1 243.50 (0.01% DN)

Oil 94.80 (0.67% DN)

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

All quotes reported as of 2:00 PM Eastern Time Zone

HBCU Money™ Business Book Feature – The Commanding Heights : The Battle for the World Economy


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The Pulitzer Prize-wimming author of The Prize joins a leading expert on the global economy to present an incisive narrative of the risks and opportunities that are emerging as the balance of power shifts around the world between governments and markets — and the battle over globalization comes front and center. The Commanding Heights is essential for understanding the struggle over the “new rules of the game” for the twenty-first century.

HBCU Money™ Dozen Links 11/11 – 11/15


600px-i-12-svgDid 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.

Research

Healthcare.gov will eventually be functional, but how secure? l CSOonline trib.al/xyq1HPw

Gov’t Requests for Google-User Data Doubled Since 2009 l CIOonline trib.al/D9Cz5NB

Google will build another six solar power plants in the U.S. l ComputerWorld ow.ly/qSaid

Can you help stop nutrient pollution? Share your ideas for reducing nitrogen & phosphorus in water l EPA bit.ly/HjOSJ7

NASA, Boeing flaunt high-tech wing that could alter future aircraft design l Network World ow.ly/qSaLp

Comet of the century #ISON is visible to the naked eye. Will it soon shine brighter than the moon? l New Scientist ow.ly/qRrmk

Federal Reserve, Central Banks, & Financial Departments

Consumers: Teach yourself personal finance skills with our “No-Frills Money Skills” videos l St. Louis Fed bit.ly/X0m3rc

See why Bullard emphasizes the importance of connecting the research world with the policy world l St. Louis Fed bit.ly/1hCXnPW

Chicago foreclosure filings rise 30% from Sept. l Housing Wire hwi.re/4KdMq9

Foreclosure activity falls 39% in Charlotte l Housing Wire hwi.re/4KdHsF

Economist explains how the Fed controls the supply of money l St. Louis Fed bit.ly/188E2QA

Should recent decline in inflation raise doubts about reliability of inflation forecasts? l Cleveland Fed ow.ly/qSdbi

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