Monthly Archives: June 2014

HBCU Money™ Business Book Feature – Start with Why: How Great Leaders Inspire Everyone to Take Action


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“A powerful and penetrating exploration of what separates great companies and great leaders from the rest.”
-Polly LaBarre, coauthor of Mavericks at Work

Why are some people and organizations more innovative, more influential, and more profitable than others? Why do some command greater loyalty?

In studying the leaders who’ve had the greatest influence in the world, Simon Sinek discovered that they all think, act, and communicate in the exact same way-and it’s the complete opposite of what everyone else does. People like Martin Luther King Jr., Steve Jobs, and the Wright Brothers might have little in common, but they all started with why.

Drawing on a wide range of real-life stories, Sinek weaves together a clear vision of what it truly takes to lead and inspire.

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HBCU Money™ Dozen 6/16 – 6/20


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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

HACKERS WANTED’ Report: NSA Not Having Trouble Filing Cybersecurity Jobs l CIOonlinetrib.al/sZmEMrR

FCC proposes $1B per year for Wi-Fi in schools l Computerworld ow.ly/yhH9R

Sandia scientists’ new way of making nanoparticles can help solar cell manufacturers l Daily Fusion bit.ly/1nov8Sm

Solar Energy & Energy Efficiency News Carnival l Clean Technica dlvr.it/63mMdJ

Great white sharks follow similar hunting pattern to human serial killers l New Scientist http://bit.ly/serialshark

8 technologies that are on the way out — and one that we’ll never be rid of l Computerworld http://trib.al/z7S97uc

Federal Reserve, Central Banks, & Financial Departments

See whether the recession slowed job churn in the U.S. or simply magnified an evolving trend l St. Louis Fed http://bit.ly/1jh9Ub3

Do financial ed programs work? l Chicago Fedhttp://goo.gl/oAwRvF

Watch this five-minute video to learn the basics of the labor market l St. Louis Fed http://bit.ly/16ITsIw

Mark Cuban talks housing and student loan bubbles l Housing Wire http://hwi.re/63n61G

What is behind the default rate on student loans? l St. Louis Fed http://bit.ly/1iEkSDX

Urban Institute: Mortgage denials for black borrowers worse than thought l Housing Wirehttp://hwi.re/63jk8W

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 /\ June 20, 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) $8.70 (1.92% DN)

M&F Bancorp (MFBP) $4.90 (1.03% UP)

Radio One (ROIA) $4.70 (4.44% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  234.59 (0.20% UP)

Botswana Stock Exchange (BSE)  9 200.82 (0.05% UP)

Ghana Stock Exchange (GSE)  2 356.80 (9.86% UP)*

Nairobi Stock Exchange (NSE)  149.72 (N/A)

Johannesburg Stock Exchange (JSE) 51 322.67 (0.12% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 11 018.10 (0.14% UP)

London Stock Exchange (LSE)  3 638.35 (0.32% UP)

Tokyo Stock Exchange (TOPIX)  1 268.92 (0.01% DN)

Commodities

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HBCU Money™ Business Book Feature – House of Debt: How They (and You) Caused the Great Recession


 

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The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.

Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi.  More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place.

Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?

HBCU Money™ Dozen 6/9 – 6/13


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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

10 ‘geek dads’ share tales and tips from the IT trenches l Computerworld bit.ly/1l5uHAB

HP Places Its Data Center Bet on ‘The Machine’ l CIOonline trib.al/IyMArCv

A growing intolerance for violence emerges from this Victorian court data l New Scientist ow.ly/xYmPN

Google Pays $500 Million to Buy Satellite Maker Skybox Imaging l CIOonline http://trib.al/K8ihDax

Landfill Gas Heats Up Entire French Town l Clean Technica http://dlvr.it/5zLpFj

Peek inside the cockpit of a 1000-mile-per-hour car l New Scientist http://ow.ly/xXSck

Federal Reserve, Central Banks, & Financial Departments

New York Fed’s 1st Annual Report & Newly Released, 99th Annual Report l NY Fed http://nyfed.org/1joDZSy

Natural disasters cost some island states 6.6% of GDP. Working together, they can lower risk l World Bank http://wrld.bg/xPBOO

Bring current events into the classroom from EconEdLink related to today’s news l Council 4 Econ Ed http://ow.ly/xYGcq

Short video explains the ways in which world shocks have affected the UK economy l Bank of England http://ow.ly/xYGDX

40 Social Media Acronyms You Should Totally Know [Infographic] l CU Magazinehttp://swyy.co/1kR5Mj8

What Eric Cantor’s Surprise Ouster Means For Credit Unions l CU Journal http://bit.ly/1qvbZS1

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