Monthly Archives: March 2014

The HBCUpreneur Corner – Virginia State University’s Steven Knight & The Steven Knight Show


 

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Name: Steven Knight

Alma Mater: Virginia State University

Business Name & Description: The Steven Knight Show – An internet-based radio talk show that covers the latest in entertainment news, sports, fashion, music, and movie reviews.

What year did you found your company? 2011

What has been the most exciting and/or fearful moment during your HBCUpreneur career? In the early days of the show, not knowing if I would attract enough listeners to support the show.

What made you want to start your own company? I was asked to do it based on my Facebook page. Initially, I turned down the offer but after considering the exposure for my own music and the opportunity to interview interesting people, I thought it was a good idea.

Who was the most influential person/people for you during your time in college? I had some great professors who led by example, but the most influential people were some of the students I had the opportunity to meet. Their diverse backgrounds, goals, and things they accomplished just while we were in school impacted me in ways they probably never knew.

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How do you handle complex problems? Well initially I pray for clarity, then do my research and consult with people within the same industry.

What is something you wish you had known prior to starting your company? How to get sponsors early on. That would have been very helpful.

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? I think the biggest thing is to support past graduates and influence them to mentor and be supportive of current students. If they can build those relationships it could be instrumental in the success of the school and past and present students.

How do you deal with rejection? In this field it is common. It’s really a numbers game. For every five people who reject you, one major guest is interested in being on your show. So it doesn’t bother me.

When you have down time how do you like to spend it? I don’t get much down time between my show, music, and working full time. I make time to workout most days of the week and there are certain days I will take off for a mental break.

What was your most memorable HBCU memory? Graduation day. I had a friend and we were really close for years, but we had a falling out and were not on speaking terms. The morning of graduation, he came over to my house and we had a chance to talk and relive the last four years. It really left everything on a good note. Plus, the accomplishment of completing school with people you went through so much with. That was a good day.

In leaving is there any advice you have for budding HBCUpreneurs? My advice would be that hard work really pays off. Even if the dream is never realized, something really great can really come from your hard work. I know that first hand.

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The HBCU Money™ Business Book Feature – Currencies After the Crash: The Uncertain Future of the Global Paper-Based System


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From the game-changing consequences of the U.S. dollar replacing the British sterling as the world’s reserve currency to the beginning and end of the Bretton Woods Agreement–exchange rate policy drastically changes the way we do business, consume goods and services, and create wealth. The global financial system is once again on the cusp of change, affected by the European debt crisis, the rebalancing of the Chinese economy, and the Federal Reserve’s controversial policy of quantitative easing, to name a few. To help investors in all walks of life understand and adapt to the changes ahead, Bloomberg Television’s Sara Eisen presents Currencies After the Crash.

In this insightful and timely book, Eisen brings together the world’s leading minds in the foreign exchange market. These brand-new, never-before-published essays from renowned academics and sought-after practitioners delve into the global financial system’s instability, potential solutions and surrounding controversies, and how specific changes will affect your future wealth. This complete resource gives you all the fundamental background needed to understand the more complex issues that follow, including:

  • Will the U.S. dollar lose its precious reserve currency status?
  • How have central bank policies affected the world’s major currencies?
  • How does China’s control over its currency affect the world?
  • What are the benefits and dangers of a shared currency like the euro?
  • How has the U.S. dollar’s prominence declined since the financial crisis?
  • What is the responsibility of global groups like the International Monetary Fund and G-20 in foreign exchange?
  • What role, if any, should gold play in the international monetary system?

 

Start adapting your investing strategies today based on tomorrow’s fiscal changes with Currencies After the Crash.

About the Author

Sara Eisen is a correspondent for Bloomberg Television. She appears on Bloomberg Surveillance, Bloomberg’s TV program that begins the day’s conversation on business, economics, finance, and investment. She also can be seen daily on Bloomberg TV’s Lunch Money mid-day program. Based in New York City, Eisen specializes in covering global macroeconomics, with a focus on foreign exchange and fixed income markets. She has extensively covered the European debt crisis, interviewing top political leaders and finance ministers from Germany to Greece; she also frequently moderates panels on international economics.

HBCU Money™ Dozen 3/24 – 3/28


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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

How do the FBI and Secret Service know your network has been breached before you do? l NetworkWorld http://ow.ly/v6ecl

Effect of reduced feed intake on milk production in mares l KY Equine http://ow.ly/v6em3

Food & health educators, seafood professionals, & communicators: Workshop Apr 7-10 l Delaware Sea Grant http://darc.cms.udel.edu/sgseafood/

Genetic tree of bird life could solve the Noah’s Ark problem – which species to try to save l New Scientist http://ow.ly/v6fp3

Solar achieves price parity in Europe l Computerworld http://ow.ly/v6fA3

Inside the Shadowy World of Data Brokers l CIOonline http://trib.al/FYR1Ch4

Federal Reserve, Central Banks, & Financial Departments

A look at the recent economic histories of Japan, the U.S. & South Korea l St. Louis Fed http://bit.ly/1jYfgXe

Thoughts on Accommodative Monetary Policy, Inflation and Financial Instability l Chicago Fed http://ow.ly/v6gk6

Do property tax assessment caps have any effect on gentrification? l Atlanta Fed http://goo.gl/CQHU7A

Tackling air pollution would improve health and boost GDP l World Bank http://wrld.bg/v1aqe

Learn about data & market-based tools for neighborhood revitalization l Philly Fed Comm. Dev. http://ow.ly/v6gMw

High school teachers: Direct your students to the College 101 – College Planning l St. Louis Fed http://bit.ly/16NiVmp

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 /\ March 28, 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) $8.04 (0.00% UNCH)

M&F Bancorp (MFBP) $3.70 (0.00% UNCH)

Radio One (ROIA) $4.67 (1.50% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM) 240.61 (0.38% UP)

Botswana Stock Exchange (BSE) 8 946.45 (0.03% UP)

Ghana Stock Exchange (GSE) 2 386.39 (11.24% UP)*

Nairobi Stock Exchange (NSE) 144.38 (N/A)

Johannesburg Stock Exchange (JSE) 47 930.03 (1.16% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 434.87 (0.59% UP)

London Stock Exchange (LSE) 3 559.44 (0.32% UP)

Tokyo Stock Exchange (TOPIX) 1 186.52 (0.82% UP)

Commodities

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Currencies Of The African Diaspora – Republic Of The Congo


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The economy is a mixture of subsistence hunting and agriculture, an industrial sector based largely on oil and support services, and government spending. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Natural gas is increasingly being converted to electricity rather than being flared, greatly improving energy prospects. New mining projects, particularly iron ore, that entered production in late 2013 may add as much as $1 billion to annual government revenue. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF, including recently concluded Article IV consultations. The current administration faces difficult economic challenges of stimulating recovery and reducing poverty. The drop in oil prices during the global crisis reduced oil revenue by about 30%, but the subsequent recovery of oil prices boosted the economy’s GDP from 2009-13. Officially the country became a net external creditor as of 2011, with external debt representing only about 16% of GDP and debt servicing less than 3% of government revenue.
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