Monthly Archives: April 2014

African America’s March Unemployment Report – 12.4%

jobs_pic

Overall Unemployment: 6.7% (6.7%)

African America Unemployment: 12.4% (12.0%)

Latino America Unemployment: 7.9% (8.1%)

European America Unemployment: 5.8% (5.8%)

Asian America Unemployment: 5.4% (6.0%)

Previous month in parentheses.

Analysis: Overall the unemployment rate went unchanged. Asian and Latino America both saw declines in their unemployment rates of 60 and 20 basis points, respectively. European America went unchanged. African America saw an increase of 40 basis points and remains the only group with double digit unemployment rate.

African American Male Unemployment: 12.1% (12.9%)

African American Female Unemployment: 11.0% (9.9%)

African American Teenage Unemployment: 36.1% (32.4%)

African American Male Participation: 67.0% (66.6%)

African American Female Participation: 62.0% (61.9%)

African American Teenage Participation: 25.6% (24.9%)

Previous month in parentheses.

Analysis: African American male unemployment saw a decline of 80 basis points, but females and teenagers both saw significant increases of 110 and 370 basis points, respectively. Participation rates for all three groups saw increases in their participation rates.

Conclusion: The overall economy added 192 000 jobs. An increase of 17 000 over February’s numbers, but still short of the majority of economist estimates. A sluggish effect from the winter storms appears to be still dragging. African America added 21 000 jobs for March. The number of employed African Americans and participation rate is at its highest in the past five months. African America’s labor force is at its highest number in the past five months, but so is the number of unemployed. Both of these factors have a significant factor on increasing the unemployment rate. There is renewed optimism for African American job seekers, but it would take an increase of 462 000 new jobs just for African America to get its unemployment rate under 10 percent at the current labor force numbers. An amount well over 100 percent above what the entire country is currently producing. This is also the smallest number of jobs African America has added in the past five months so even though most of the marks looks good, it appears to be more like the best sweater in an ugly sweater party.

HBCU Money™ Business Book Feature – How To Succeed In Commercial Real Estate

51i8k7iawdL._SY344_PJlook-inside-v2,TopRight,1,0_SH20_BO1,204,203,200_

How to Succeed in Commercial Real Estate is a comprehensive, practical book for those considering entering the field of commercial real estate, those just beginning in the business, as well as experienced brokers and sales managers who want to evaluate and strengthen their current strategies—especially those related to listings, negotiations, contracts, and sales.

The author provides a straightforward overview of the business of selling commercial property, including coverage of the four main specialty areas –retail, office, industrial, and investment—as well as crossovers and emerging specialties. Rather than pumping a “get rich quick” approach to selling, the author shows brokers that they don’t have to sacrifice integrity and ethics to remain competitive and deal oriented. The book includes detailed coverage of

• Choosing a company and a specialty that’s a good fit for you.
• Sales strategies and sales points specific to commercial real estate, including practical suggestions for countering other brokers.
• The importance of focusing on exclusive listings, how to find and get the best prospects, and the most effective strategies for marketing the property.
• Standard parts and points of negotiation for contracts and forms, including earnest money agreements, leases, options, listings, counter offers, and fee schedules.
• Rent and how it is calculated and quoted, including triple net, modified net, gross, and full service leases.
• Technical knowledge including agency, law, appraisal, taxation, zoning, surveys, environmental investigations, investment analysis, risk comparison, exchanges, financing, and property management.
•The pros and cons of going independent and how to decide if it’s the right move for you.

Written in an engaging, straight-talk style, the author shares a wealth of other practical knowledge reaped from 30 years in the business.

HBCU Money™ Dozen 3/31 – 4/4

twelve-drummers-drumming-eps-3564006

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

Buried ‘Lake Superior’ seen on Saturn’s moon Enceladus l New Scientist http://ow.ly/vptPu

Renewable Energy Production Tax Credit Gets Important Last-Minute Push l Clean Technica http://dlvr.it/5JjqqV

US Wind Energy Is Breaking Records l Clean Technica http://dlvr.it/5JhjFt

Users face serious threat as hackers take aim at routers, embedded devices l Computerworld http://ow.ly/vpGpG

Bringing Solar To Schools Across The US l Clean Technica http://dlvr.it/5Jcw3S

Researchers use carbon nanotubes for tissue healing and repair l Livermore Lab http://1.usa.gov/1lr8aLL

Federal Reserve, Central Banks, & Financial Departments

CHART: Fed holdings of federal agency debt, 1971-94. l Richmond Fed http://bit.ly/1dRaV9r

How today’s economic shifts have affected the young generation known as millennials l Atlanta Fed http://goo.gl/P9x8Ng

Senate moves on unemployment bill l Floor Action http://bit.ly/1j64z55

Top 5 states with the most and least foreclosures l Housing Wire http://hwi.re/5JbLm0

Opportunities are present among uncertainty for community banks l St. Louis Fed http://bit.ly/1pBDdoh

South Asia needs to spend $2.5 trillion on #infrastructure by 2020 to serve growing population l World Bank http://wrld.bg/vkWuS

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 /\ April 4, 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) $7.75 (6.06% DN)

M&F Bancorp (MFBP) $3.75 (0.00% UNCH)

Radio One (ROIA) $4.84 (0.60% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  245.12 (0.29% UP)

Botswana Stock Exchange (BSE)  8 979.44 (0.00% UNCH)

Ghana Stock Exchange (GSE)  2 375.85 (10.75% UP)*

Nairobi Stock Exchange (NSE)  143.40 (N/A)

Johannesburg Stock Exchange (JSE) 48 347.75 (0.24% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 533.44 (0.61% DN)

London Stock Exchange (LSE)  3 604.88 (0.66% UP)

Tokyo Stock Exchange (TOPIX)  1 215.89 (0.07% DN)

Commodities

Screen shot 2014-04-04 at 1.12.01 PM

 

This Land Is Our Land: 6 HBCUs Among Top 100 College Landowners

Revolution is based on land. Land is the basis of all independence. Land is the basis of freedom, justice, and equality. – Malcolm X

doc4dc1b290c6bf6428523698

At the most fundamental level, virtually every economic system man has ever created relies on one undeniable truth – whoever controls the land, controls the system. It is in large part why African American institutional and individual wealth has deteriorated over the past 100 years as land ownership has seen a rapid and steady decline. In 1999, a report by the Federation of Southern Cooperatives Land Assistance Fund noted African Americans own, “less than 1% of all privately owned rural land in the United States”.  As the human population continues to grow and resources are even more strained, control of land will only increase from the macro level of countries down to the micro level of communities.

Among colleges, land is a very important strategic tool. For rural and urban colleges alike the ability to control the land around itself and within its region can be vital to its success and survival. It can also be used for investment and research for the institutions. Harvard University owns a piece of land in New Hampshire and has been studying its recovery from a hurricane since 1938. Quite a few colleges actually own land in other countries and many colleges own land in their endowments for investments in timber and other alternative investments. In the recession, timber was the only asset class to not decline. As one institutional investor said at the 2009 Timberland Investment World Summit I attended in New York, “As long as the sun is shining trees will grow and your timber’s value will increase.”

The HBCUs below are all land-grant institutions. Tuskegee has unique status being the only private HBCU in the country with land-grant status. A status only two other private universities in the United States (Cornell & M.I.T.) can claim. National ranking in parentheses.

  1. Tuskegee University  – 5 000 Acres (12)
  2. Alabama A&M University – 2 300 Acres (28)
  3. Alcorn State University – 1 756 Acres (42)
  4. Prairie View A&M University – 1 502 (48)
  5. Kentucky State University – 915 Acres (92)
  6. Southern University – 884 Acres (96)

Other Notes:

  • The 6 HBCUs combined control 12 357 acres.
  • The 10 largest college landowners control 100 913 acres.
  • The 100 largest college landowners control 342 497 acres
  • Median acreage among top 100 college landowners – 1 375 acres
  • Average acreage among top 100 college landowners – 2 299 acres