Monthly Archives: June 2014

HBCU Money™ Dozen 6/2 – 6/6

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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

5 Reasons Why China is Attacking U.S. Tech l CIOonline trib.al/GKVHXfJ

Extreme evolution: How snakes became the über-eater l New Scientist ow.ly/xGKHh

Convert waste CO2 and chicken feathers into fertiliser l New Scientist ow.ly/xGKLJ

World’s Oldest Solar Device l Clean Technicadlvr.it/5txx05

What’s the best approach to building next-generation data center networks? l Network Worldow.ly/xGL7U

Where have all the species gone? Network model explains long-term stagnation in marine life. l APS Physics ow.ly/xGLem

Federal Reserve, Central Banks, & Financial Departments

While the unemployment rate has dropped since late 2009, unemployment duration remains high l St. Louis Fed bit.ly/1t1XlUQ

What is monetary policy? Take our online course to find out l Econ Lowdown bit.ly/1l1oynr

United States Signs $500 Million Loan Guarantee Agreement with Tunisia l Treasury Departmentgo.usa.gov/8sbm

Future population change will likely reduce income and sales tax revenue in every state l KC Fed ow.ly/xGMqj

What Americans (Don’t) Know about Student Loan Collections l NY Fed nyfed.org/UeirCV

Christopher Whalen: Are US home prices falling? l Housing Wire hwi.re/5tNWKq

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 6, 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 (0.00% UNCH)

M&F Bancorp (MFBP) $4.85 (0.00% UNCH)

Radio One (ROIA) $4.39 (0.39% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  232.13 (0.10% UP)

Botswana Stock Exchange (BSE)  9 111.93 (0.03% DN)

Ghana Stock Exchange (GSE)  2 343.98 (9.27% UP)*

Nairobi Stock Exchange (NSE)  149.29 (N/A)

Johannesburg Stock Exchange (JSE) 49 933.99 (0.13% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 904.22 (0.52% UP)

London Stock Exchange (LSE)  3 669.04 (0.77% UP)

Tokyo Stock Exchange (TOPIX)  1 234.57 (0.15% UP)

Commodities

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HBCU Money™ Histronomics: S.2510 – Howard University Endowment Act

Howard_University_seal

Sponsor: Dan Quayle (R-IN) – Introduced March 30, 1984

Summary:

Howard University Endowment Act – Authorizes the Secretary of Education to establish an endowment program for Howard University. Authorizes the Secretary, from funds available in any fiscal year for the University, to make grants into the endowment fund established under this Act at the University. Authorizes the Secretary to enter into agreements with the University, including provisions necessary to assure that the purposes of this Act will be achieved.

Requires the University, in order to receive such a grant, to: (1) deposit in the endowment fund an amount equal to such grant; and (2) administer the endowment fund in accordance with the requirements of this Act. Prohibits the source of funds for such institutional match from including Federal funds or funds derived from an existing endowment fund.

Limits the period of any such grant to 20 years. Prohibits the University from withdrawing or expending any of its endowment fund corpus during such grant period. Allows the University, upon expiration of such period, to use the endowment fund corpus plus any endowment fund income for any educational purpose.

Sets forth requirements for investments of the endowment fund corpus and endowment fund income.

Sets forth provisions relating to authorized withdrawals and expenditures of endowment fund income.

Sets forth provisions for enforcement of requirements under this Act.

Makes conforming amendments to specified Federal law relating to Howard University.

Source: Congress.gov

HBCU Money™ Business Book Feature – The Race for What’s Left: The Global Scramble for the World’s Last Resources

9781250023971

From Michael Klare, the renowned expert on natural resource issues, an invaluable account of a new and dangerous global competition

The world is facing an unprecedented crisis of resource depletion—a crisis that goes beyond “peak oil” to encompass shortages of coal and uranium, copper and lithium, water and arable land. With all of the planet’s easily accessible resource deposits rapidly approaching exhaustion, the desperate hunt for supplies has become a frenzy of extreme exploration, as governments and corporations rush to stake their claim in areas previously considered too dangerous and remote. The Race for What’s Left takes us from the Arctic to war zones to deep ocean floors, from a Russian submarine planting the country’s flag on the North Pole seabed to the large-scale buying up of African farmland by Saudi Arabia, China, and other food-importing nations.

As Klare explains, this invasion of the final frontiers carries grave consequences. With resource extraction growing more complex, the environmental risks are becoming increasingly severe; the Deepwater Horizon disaster is only a preview of the dangers to come. At the same time, the intense search for dwindling supplies is igniting new border disputes, raising the likelihood of military confrontation. Inevitably, if the scouring of the globe continues on its present path, many key resources that modern industry relies upon will disappear completely. The only way out, Klare argues, is to alter our consumption patterns altogether—a crucial task that will be the greatest challenge of the coming century.