Monthly Archives: December 2013

HBCU Money™ Dozen 12/16 – 12/20


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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

Transparent Solar Cells Could Turn Windows Into Generators l CIOonline http://trib.al/bf0t0PZ

California Blocks Another Concentrated Solar Power Project l Clean Technica http://dlvr.it/4Y2Kmm

SolarCity To Provide Solar Lighting To Schools Without Electricity l Clean Technica http://dlvr.it/4Y1Zfg

The rise of hobbyist programmers l ComputerWorld http://ow.ly/rXbqU

IBM follows Amazon’s move into China’s cloud computing market l NetworkWorld http://ow.ly/rXbSZ

Old mice, young bodies: The process of ageing has been reversed in rodents l New Scientist http://ow.ly/rXc2X

Federal Reserve, Central Banks, & Financial Departments

Regional Economic Update: #Texas economy has continued to grow at a moderate pace in recent weeks l Dallas Fed http://bit.ly/1jpmF4R

Richmond Fed’s Economic Quarterly Explores Developments in the Labor Market l Richmond Fed http://bit.ly/1l15aTX

An increasing proportion of the poorest people in the world come from #Africa. l World Bank http://wrld.bg/rTR9

Which countries are best at promoting #gender equality? Check out our heat map l World Economic Forum http://wef.ch/c31tA

Japan maintains stance, now sees recovery “as a trend” l Central Bank News http://dlvr.it/4Xxcy6

Senate passes $607B Defense bill l Floor Action http://bit.ly/1l07v1v

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

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The HBCU Money™ Weekly Market Watch


Our Money Matters /\ December 20, 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) $5.76 (0.0o% UNCH)

M&F Bancorp (MFBP) $2.89 (3.67% DN)

Radio One (ROIA) $3.40 (1.43% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  226.13 (0.27% UP)

Botswana Stock Exchange (BSE)  9 016.40 (0.24% UP)

Ghana Stock Exchange (GSE)  2 146.91 (78.95% UP)*

Nairobi Stock Exchange (NSE)  132.06 (N/A)

Johannesburg Stock Exchange (JSE) 44 574.25 (0.56% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 207.34 (0.55% UP)

London Stock Exchange (LSE)  3 535.63 (0.32% UP)

Tokyo Stock Exchange (TOPIX)  1 261.64 (0.11% DN)

Commodities

Gold 1 193.60 (0.68% UP)

Oil 99.04 (0.29% UP)

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

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

Currencies Of The African Diaspora – Burundi


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Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural; agriculture accounts for just over 30% of GDP and employs more than 90% of the population. Burundi’s primary exports are coffee and tea, which account for 90% of foreign exchange earnings, though exports are a relatively small share of GDP. Burundi’s export earnings – and its ability to pay for imports – rests primarily on weather conditions and international coffee and tea prices. An ethnic-based war that lasted for over a decade resulted in more than 200,000 deaths, forced more than 48,000 refugees into Tanzania, and displaced 140,000 others internally. Only one in two children go to school, and approximately one in 15 adults has HIV/AIDS. Food, medicine, and electricity remain in short supply. Less than 2% of the population has electricity in its homes. Burundi’s GDP grew around 4% annually in 2006-12. Political stability and the end of the civil war have improved aid flows and economic activity has increased, but underlying weaknesses – a high poverty rate, poor education rates, a weak legal system, a poor transportation network, overburdened utilities, and low administrative capacity – risk undermining planned economic reforms. The purchasing power of most Burundians has decreased as wage increases have not kept up with inflation. Burundi will remain heavily dependent on aid from bilateral and multilateral donors – foreign aid represents 42% of Burundi”s national income, the second highest rate in Sub-Saharan Africa. Burundi joined the East African Community in 2009, which should boost Burundi’s regional trade ties, and also in 2009 received $700 million in debt relief. Government corruption is hindering the development of a healthy private sector as companies seek to navigate an environment with ever changing rules.

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BI30

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Source: Economy overview provided by CIA Factbook

Alabama State University Alum & HBCUpreneur Deborah Scott Thomas Named One Of Washington D.C.’s Most Admired CEOs


By William A. Foster, IV

A truly strong and sound mind is the mind that can equally embrace great things and small.  — Samuel Johnson

They always say it is not how you start, but how you finish and Deborah S. Thomas is finishing the year on top. The Alabama State University alum and HBCUpreneur was honored on December 5th as Washington Business Journal Reader’s Choice Most Admired CEO in the Professional Services category for businesses in the Washington D.C. metropolitan area. With more than ten thousand entries cast competition was surely fierce, but in true HBCU fashion Ms. Thomas emerged on top by being a true vanguard in her industry.

It was the inaugural awards for the Washington Business Journal and the nine industry categories for Most Admired CEO were federal contraction, real estate and development, construction and architecture, technology, banking and finance, health care, professional services, hospitality, education and nonprofit. The categories representing the heart, blood, and infrastructure of the Washington D.C. metropolitan area. In total, there would be 49 other CEOs along with Ms. Thomas honored at the awards with a packed house at Fairmont Hotel in Washington D.C., but ultimately the night belonged to those whose star shined the brightest in their respective categories and the companies they represent.

Ms. Thomas’ company, Data Solutions & Technology, Inc. is heading into its 20th year and she stated at the awards that some of her vital keys to success over the years have been working with integrity, delivering quality work, superior performance, and something often overlooked in many of today’s corporate environments is valuing her employees which she holds as a core value. These ingredients have allowed her to succeed, thrive, and push the bar of standards in her industry higher and higher year in and year out. As the only HBCU alum to be amongst the winners, her victory is one the entire HBCU nation can cherish and should serve as motivation for other HBCUpreneurs in the area.

HBCU Money™ Business Book Feature – The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything


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What do Dunkin’ Donuts, J. Crew, Toys “R” Us, and Burger King have in common? They are all currently or just recently were owned, operated, and controlled by private equity firms. The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything takes the reader behind the scenes of these firms: their famous billionaire founders, the overlapping stories of their creation and evolution, and the outsized ambitions that led a group of clever bankers from small shops operating in a corner of Wall Street into powerhouse titans of capital. This is the story of the money and the men who handle it.

Go inside the private worlds of founders Henry Kravis, Steve Schwarzman, David Bonderman, and more in The New Tycoons, and discover how these men have transformed the industry and built the some of the most powerful and most secretive houses of money in the world.

  • With numerous private equity firms going public for the first time, learn how these firms operate, where their money comes from and where it goes, and how every day millions of customers, employees, and retirees play a role in that complex tangle of money
  • Author Jason Kelly tells the story of how thirty some years ago a group of colleagues with $120,000 of their own savings founded what would become one of the largest private equity shops in the world, completing the biggest buyout the world has ever seen, and making them all billionaires in the process
  • Presents a never-before-seen look inside a secretive and powerful world on the verge of complete transformation as the industry and its leaders gain public profiles, scrutiny, and political positions

Analyzing the founders and the firms at a crucial moment, when they’ve elevated themselves beyond their already lofty ambitions into the world of public opinion and valuation, New Tycoons looks at one of the most important, yet least examined, trillion-dollar corners of the global economy and what it portends for these new tycoons.