Yearly Archives: 2013

HBCU Money™ Business Book Feature – Forbidden Creatures: Inside the World of Animal Smuggling and Exotic Pets

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On the heels of his acclaimed The Dangerous World of Butterflies, investigative journalist Peter Laufer is back to chronicle his worldwide quest to penetrate the underworld of international animal smuggling. In Forbidden Creatures, Laufer exposes the network of hunters, traders, breeders, and customers who constitute this nefarious business—which, estimated at $10 to $20 billion annually, competes with illegal drug and weapons trafficking in the money it earns criminals.

            Laufer asks: What is being smuggled, from where and why? What is being done to stop the illegal trading and irresponsible breeding? Taking readers to exotic and often lawless locales, Laufer introduces brazen and dangerous traders and wealthy customers whose greed and mindless self-interest perpetuate what is now a crisis of survival for a growing number of wild species.

            Woven throughout with riveting stories from law enforcement officials and federal prosecutors, Forbidden Creatures is a compelling, first-person narrative written in Laufer’s hallmark conversational, entertaining style.

HBCU Money™ Dozen Links 5/13 – 5/17

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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. HBCU Politics™ our sibling publication will be taking over the political and government happenings so be sure to visit them at http://www.hbcupolitics.com for their release if you miss it.

Research

Navy Pier (Chicago) getting upgrades to let more people enjoy the lakefront views l IL-IN Sea Grant http://fb.me/2oiQjnbMj

Managing pastures after drought l KY Equine Research http://ow.ly/kxp0p

Graphene layers dramatically reduce wear and friction on sliding steel surfaces l Argonne http://ow.ly/l9a8d

Air science research and air sensors work l EPA Research http://ow.ly/l9baP

Computer Aided Management of Emergency Operations (CAMEO)-A Staring Role in Chem Emergencies l EPA Reserach http://1.usa.gov/12yq0DG

Newly discovered volcano in Behm Canal, Alaska! l Alaska Sea Grant http://fb.me/A4Ym4f3q

Federal Reserve, Central Banks, & Financial Departments

Economic Lowdown video series; topics include supply and demand, as well as the labor market l St. Louis Fed http://bit.ly/14wQuVW

Senate Finance Committee will probe IRS’s tax-exempt status policy l Floor Action http://bit.ly/10Wyc2h

House votes to rein in SEC regulations l Floor Action http://bit.ly/14d83uK

How to make the best real estate investment l Housing Wire http://hwi.re/3Ng75V

Treasury removes #sanctions on Iraqi bank following a verified significant change of behavior l Treasury http://ow.ly/l9fOy

Teachers: Register by June 1 for Heifer International workshop in Little Rock on June 7 l St. Louis Fed http://bit.ly/13B1wuy

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 /\ May 17, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.98 (0.33% DN)

Radio One (ROIA) $2.40 (1.27% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  202.65 (3.22% UP)

Botswana Stock Exchange (BSE)  8 647.10 (1.05% DN)

Ghana Stock Exchange (GSE)  1 839.41 (53.32% UP)*

Nairobi Stock Exchange (NSE)  126.75 (N/A)

Johannesburg Stock Exchange (JSE) 41 413.44 (0.03% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 543.85 (0.57% UP)

London Stock Exchange (LSE)  3 547.38 (0.57% UP)

Tokyo Stock Exchange (TOPIX)  1 253.24 (0.64% UP)

Commodities

Gold 1 361.90 (1.80% DN)

Oil 95.93 (1.92% DN)

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

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

The HBCU Endowment Feature – North Carolina Central University

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School Name: North Carolina Central University

Median Cost of Attendance: $23 495

Undergraduate Population: 6 416

Endowment Needed: $3 014 865 600

Analysis: North Carolina Central University needs an endowment of approximately $3 billion for all of its undergraduates to attend debt free. Its current endowment is estimated to be 0.7 percent of the needed amount. Located in Durham, NC which is steeped in rich African American economic history the university is one of the bigger undergraduate populations amongst HBCUs. It also boast being one of only four HBCUs to have a law school. A law school which carries much prestige in the state of North Carolina often pulling in law students from the two prestigious HWCUs located nearby. Inexplicably, it finds itself the only one of the four HBCUs with a law school not located in the top ten HBCU endowments. The school should be commended for digging deeper into its endowment coffers a few years ago to help a number of cash-strapped students. This will turn out to be either a great long-term move assuming one (preferably many) go on to become high quality donors back to the university. Otherwise, it will set the endowment back almost $500 000 over the next decade and $1.4 million over the next 20 years in potential added principal.  North Carolina Central University is taking a risk that not many colleges or universities – HBCU or not – seem to be willing to take and that is do whatever it takes to reduce its students debt load and increase its alumni population. A contrarian approach that could shape the university in the coming generation. It ultimately still must fix the issue of producing so many law graduates and the breakdown in its lack of high quality donors from the group. An HBCU endowment with an enormous amount of potential that has only scratched the surface.

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 Featuere – Who Rules America? Challenges to Corporate and Class Dominance

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Drawing from a power elite perspective and the latest empirical data, this classic text is an invaluable tool for teaching students about how power operates in U.S. society. Domhoff argues that the owners and top-level managers in large income-producing properties are far and away the dominant figures in the U.S. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington and their real estate, construction, and land development companies form growth coalitions that dominate most local governments. By providing empirical evidence for his argument, Domhoff encourages students to think critically about the power structure in American society and its implications for our democracy.