Monthly Archives: July 2014

HBCU Money™ Business Book Feature – W. Arthur Lewis and the Birth of Development Economics


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W. Arthur Lewis was one of the foremost intellectuals, economists, and political activists of the twentieth century. In this book, the first intellectual biography of Lewis, Robert Tignor traces Lewis’s life from its beginnings on the small island of St. Lucia to Lewis’s arrival at Princeton University in the early 1960s. A chronicle of Lewis’s unfailing efforts to promote racial justice and decolonization, it provides a history of development economics as seen through the life of one of its most important founders.

If there were a record for the number of “firsts” achieved by one man during his lifetime, Lewis would be a contender. He was the first black professor in a British university and also at Princeton University and the first person of African descent to win a Nobel Prize in a field other than literature or peace. His writings, which included his book The Theory of Economic Growth, were among the first to describe the field of development economics.

Quickly gaining the attention of the leadership of colonized territories, he helped develop blueprints for the changing relationship between the former colonies and their former rulers. He made significant contributions to Ghana’s quest for economic growth and the West Indies’ desire to create a first-class institution of higher learning serving all of the Anglophone territories in the Caribbean.

This book, based on Lewis’s personal papers, provides a new view of this renowned economist and his impact on economic growth in the twentieth century. It will intrigue not only students of development economics but also anyone interested in colonialism and decolonization, and justice for the poor in third-world countries.

HBCU Money™ Dozen 7/14 – 7/18


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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 Top Jobs by Salary for Social Media Pros l CIOonline trib.al/uvfc9TO

There’s almost a million fake apps targeting your phone l CSOonline bit.ly/1stmMjw

Chaos Computer Club bolsters NSA spying complaint with Tor snooping evidence l CSOonline bit.ly/1mY3zTq

24% Renewable Energy Over 27 Years — Is That All?!? l Clean Technica dlvr.it/6LrPM8

The universe is much, much brighter than it should be. Why? l New Scientist ow.ly/zgbkEpic.twitter.com/oO6VbC71uM

Researchers recreate conditions deep inside giant planets l Livermore Lab 1.usa.gov/1tWlWxk

Federal Reserve, Central Banks, & Financial Departments

House Gives Thumbs-Up to Marijuana Banking l Credit Union Journal bit.ly/1jBukhh

What private payroll employment numbers say about the labor market l St. Louis Fed bit.ly/1nprIyd

Social safety nets to protect people from loss of income on the rise among countries in Africa l World Bank wrld.bg/zejE9

New construction starts plummet 9.3% in June l Housing Wire hwi.re/6LsTyd

Teachers: Planning to teach about the Great Depression next school year? l Econ Lowdown bit.ly/1jRLIZI

Adding this one test could cut FHA default rates in half l Housing Wire hwi.re/6LTYzh

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 /\ July 18, 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) $8.60 (1.18% UP)

M&F Bancorp (MFBP) $5.13 (0.00% UNCH)

Radio One (ROIA) $4.91 (2.51% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  237.13 (0.45% DN)

Botswana Stock Exchange (BSE)  9 200.56 (0.08% UP)

Ghana Stock Exchange (GSE)  2 332.62 (8.74% UP)*

Nairobi Stock Exchange (NSE)  151.55 (N/A)

Johannesburg Stock Exchange (JSE) 51 695.05 (0.18% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 968.38 (0.72% UP)

London Stock Exchange (LSE)  3 595.97 (0.13% UP)

Tokyo Stock Exchange (TOPIX)  1 263.29 (0.79% DN)

Commodities

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HBCU Money™ Histronomics: 1920 Agricultural Census Of Colored Farms & Land Ownership


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HIGHLIGHTS

  • Total American Farm Acres in 1920 – 956 million acres
  • Economic value of Total American Farm Acres – $66 billion
  • Total Colored Acres in 1920 – 45 million acres
  • Economic value of Total Colored Farm Acres – $2.5 billion
  • % of Total Farm Land Owned by Colored in 1920 – 4.7%
  • Average Colored Farm Acreage in 1920 – 47.3 acres
  • Average Economic Value of African American Farms in 1920 – $2 063

*Colored in the census encompasses African, Native, Japanese, and Chinese Americans. African Americans comprised 97.5% of the colored farm operators in 1920.

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African American Farm Land Ownership By State


 

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Farms with a black or african american principal operator

  1. TEXAS – 929 003 acres
  2. MISSISSIPPI – 554 463 acres
  3. ALABAMA – 296 432 acres
  4. OKLAHOMA – 251 680 acres
  5. GEORGIA – 221 290 acres
  6. LOUISIANA – 192 287 acres
  7. SOUTH CAROLINA – 191 452 acres
  8. VIRGINIA – 176 571 acres
  9. NORTH CAROLINA – 152 899 acres
  10. ARKANSAS – 149 530 acres
  11. TENNESSEE – 102 196 acres
  12. FLORIDA – 92 324 acres
  13. NEW MEXICO – 61 300 acres
  14. CALIFORNIA – 32 932 acres
  15. KENTUCKY – 31 483 acres
  16. KANSAS – 29 174 acres
  17. MINNESOTA – 26 193 acres
  18. MISSOURI – 20 107 acres
  19. ILLINOIS – 19 843 acres
  20. OHIO – 11 883 acres
  21. MARYLAND – 10 065 acres
  22. MICHIGAN – 9 525 acres
  23. COLORADO – 7 368 acres
  24. IDAHO – 6 613 acres
  25. NEW YORK – 6 059 acres
  26. WASHINGTON – 5 744 acres
  27. MONTANA – 5 714 acres
  28. INDIANA – 5 704 acres
  29. NEBRASKA – 5 249 acres
  30. WEST VIRGINIA – 3 584 acres
  31. IOWA – 3 332 acres
  32. OREGON – 2 481 acres
  33. NORTH DAKOTA – 2 230 acres
  34. ARIZONA – 1 941 acres
  35. NEW JERSEY – 1 038 acres
  36. MASSACHUSETTS – 983 acres
  37. DELAWARE – 792 acres
  38. VERMONT – 740 acres
  39. MAINE – 363 acres
  40. UTAH – 344 acres
  41. CONNECTICUT – 118 acres
  42. NEW HAMPSHIRE  – 84 acres
  43. HAWAII – (D)
  44. NEVADA – (D)
  45. PENNSYLVANIA – (D)
  46. RHODE ISLAND – (D)
  47. SOUTH DAKOTA – (D)
  48. WISCONSIN – (D)
  49. WYOMING – (D)

TOTAL african american p.o. ACRES: 3 645 289

total uNITED STATES P.O. acres: 914 527 657

african american percentage of whole: 0.40%