Monthly Archives: January 2014

HBCU Money™ Dozen 1/6 – 1/10

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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

Sleepy sun: a recent slowdown in solar activity gives clue to a period of dramatic behaviour 350 years ago l New Scientist

Cambridge Consulting Shows Off the Next Step in Fit Tech: Finding Meaning in Data l CIOonline

Why Android PCs are doomed to fail l Computerworld

Mystery ‘Hand of God’ stars in celestial visual feast l New Scientist

BMW Shows Off Self-Driving LIDAR-Enabled Cars At CES l Clean Technica

Amazon Makes it Easier to Submit Mobile Apps with New Developer Portal l CIOonline

Federal Reserve, Central Banks, & Financial Departments

2014 global central bank calendar – updates with Peru l Central Bank News

Decline in employee compensation costs indicates low risk of and soft market l Cleveland Fed

Urban & rural service providers in NE predict decrease or no change in financial well-being of lower income folks l Boston Fed

Why private companies should be involved in adaptation. l World Bank

Job creation crashes and burns l Housing Wire

Compare U.S. recoveries and recessions. Charts updated with Dec. 2013 employment data from the BLS l Minn 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.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ January 10, 2014

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) $6.47 (0.0o% UNCH)

M&F Bancorp (MFBP) $3.24 (0.00% UNCH)

Radio One (ROIA) $5.10 (5.71% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  232.16 (0.51% UP)

Botswana Stock Exchange (BSE)  9 104.54 (0.13% UP)

Ghana Stock Exchange (GSE)  2 184.82 (1.85% UP)*

Nairobi Stock Exchange (NSE)  141.50 (N/A)

Johannesburg Stock Exchange (JSE) 45 548.15 (0.23% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 347.09 (0.21% UP)

London Stock Exchange (LSE)  3 616.03 (0.85% UP)

Tokyo Stock Exchange (TOPIX)  1 298.48 (0.13% UP)

Commodities

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

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

Tired Of Poor Media Coverage – An HBCU Alum Makes Plans To Start Buying Ownership Stake In Local TV Station

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The year was coming to an end and I was on the phone with the secretary of the managing partner and president of an up and coming investment firm. I was hoping to land an interview after a tip came in that he was starting to establish a stake in a local TV station after being frustrated of their coverage of his alma mater over the past year. His secretary says emphatically to me, “He will meet with you, but only on the condition of anonymity.”

I walked into the cigar shop greeted by a fog of smoke and a moment of silence, quick stares, and boyish grins. It was obvious they do not see women in here often, but it did not take me long to see why he frequents a place like this. It was a laid back atmosphere and with a bit of ear hustling there were business deals and conversations taking place all around me. This was a place for men on a mission. It was not hard for me to spot him, given we were the only two African Americans in the shop.

He walked over and sat down as he introduced himself and got straight to business saying, “The last straw for me was the media coverage of our gradation ceremony. They even managed to somehow spin THAT negative.” I then poked at why he felt the need to keep anonymity on the situation given that it could inspire others. He replied, “Have you ever read Art of War? Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.” The issue of publicity stems from his firm being small with limited resources, they are going to have to accumulate their stake in a slow and steady approach. It appears they are going to go out of their way to not have the management try to install any poison pills against a hostile takeover and not to buy too much at once as to drive up the stock price. “Those are always two major concerns in a hostile takeover and make no mistake this is hostile. I just do not want them to know its hostile until its too late”, he said. The coverage of his own alma mater will clearly become more favorable if he is successful, but what of the other colleges and universities in the area that are not HBCUs? What kind of coverage will they receive? He said, “I am not here to be Mother Theresa, I am here to win, I am here to make it more profitable, improve my alma mater’s social capital, and move those profits back into our community.” In other words, all is fair in love and war.

If nothing else is clear, he plans to kill his prey in a way that is almost snake like and squeeze the life out of it slowly but surely. Will the firm succeed? It is hard to objectively say. They are going up against well-seasoned investors’ and deeper pockets, but we could be looking at one of the most important coups in African American media ownership if successful. Even if successful, he made it clear that this would just be the start and they would then turn their eyes toward other local TV station ownership in other HBCU towns. That sound you just heard? The first domino dropping.

Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.
Read more at http://www.brainyquote.com/quotes/quotes/s/suntzu401677.html#FK3JjCiTiT8sTxL4.99
Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.
Read more at http://www.brainyquote.com/quotes/quotes/s/suntzu401677.html#wxupCPp7TLzWdFtl.99
Be extremely subtle, even to the point of formlessness. Be extremely mysterious, even to the point of soundlessness. Thereby you can be the director of the opponent’s fate.
Read more at http://www.brainyquote.com/quotes/quotes/s/suntzu401677.html#wxupCPp7TLzWdFtl.99

The HBCUpreneur Corner – Alabama State’s Deborah Scott Thomas and Data Solutions & Technology, Inc.

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Name: Deborah Scott Thomas

Alma Mater: Alabama State University

Business Name & Description: Data Solutions & Technology Incorporated (DST) provides a variety of services in Information Technology, Logistics and Operations, Management Support, Scientific and Technology Support, and Aviation Management. DST is ISO 9001:2008 certified and CMMI-SVC Maturity Level 3 appraised.

What year did you found your company? 1994 – DST is approaching its 20th Year Anniversary!

What was the most exciting and/or fearful moment during your HBCUpreneur career? The most exciting time was when I knew I had the confidence and expertise to start my own company. ASU provided me with the foundation that working hard with tenacity could lead to success.

The most fearful moment was the beginning of my entrepreneurial career because my livelihood rested on my shoulders.

What made you want to start your own company? I have always wanted to have a positive impact on the lives of others. My assessment of the marketplace revealed the need and opportunities for additional African American women leadership. I was very business savvy with contract identification, proposal writing and networking and knew all elements were essential in starting a consulting firm.

Who was the most influential person/people for you during your time in college? Professor Arthur Glass, my biology professor, was one of the most influential people during my studies at Alabama State University.

Another influential person was General Daniel “Chappie” James. He taught me so much about the military and I give honor to him for his military knowledge and leadership that resulted in me having a phenomenal career in the Air Force.

Also, my mother, Mrs. Mary Duncan – my rock, she was and is always there during the great times, and the stressful times with words of encouragement.

How do you handle complex problems? It depends on how you identify “complex problem,” but I evaluate the current situation, I look at how we got there and determine the best method to resolve the problem.

What is something you wish you had known prior to starting your company? Each day is never the same. Daily I speak with senior leaders to obtain updates on clients, staff, and stakeholders – all bringing excitement and challenges.

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What do you believe HBCUs can do to spur more innovation and entrepreneurship while their students are in school either as undergraduate or graduate students? To me nothing is more inspiring than to be with others who have fulfilled their dreams. If HBCUs establish practical work opportunities with corporations, I believe this would allow students to experience what is required to be a successful entrepreneur. The more students are placed in “real-world” environments; this can provide a foundation for their success.

How do you deal with rejection? I don’t! I continue to pursue opportunities and search for other options with a positive outcome.

When you have down time how you do like to spend it? Whew! That’s rare, but I like to go home to Alabama and spend time with family.

What was your most memorable HBCU memory? My most memorable memory at Alabama State University was being a part of the Student Government Association. This early time in my college career provided me with the structure and dedication to put in hard work.

I remember so vividly, ASU President Levi Watkins stopped by my desk one day and in that conversation, he informed me how he had been observing my work ethic over the previous weeks and was so impressed with how I handled myself in the office. You would never know how honored I felt for President Watkins to have that conversation with me.

In leaving is there any advice you have for budding HBCUpreneurs?

Remember you are your own brand!

Stay focused, committed and be diligent in everything you do!

HBCU Money™ Business Book Feature – In the Black: A History of African Americans on Wall Street

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The never-before-told story of five decades of African Americans on Wall Street

Here, for the first time, is the fascinating history of the African American experience on Wall Street as told by Gregory Bell, the son of the man who founded the first black-owned member firm of the New York Stock Exchange. A successful finance professional in his own right with close ties to leading figures in both the black financial and civil rights communities, Bell tells the stories of the pioneers who broke down the ancient social and political barriers to African American participation in the nation s financial industry. With the help of profiles of many important black leaders of the past fifty years including everyone from Jesse Jackson and Maynard Jackson, former mayor of Atlanta, to E. Stanley O Neal, COO and President of Merrill Lynch, and Russell Goings, founder of First Harlem Securities and cofounder of First Harlem Securities he shows how in the years following World War II the growing social, political, and financial powers of African Americans converged on Wall Street. Set to publish during Black History Month, In the Black will be warmly received by African American business readers and general readers alike.