ALABAMA – 6.8%
ARKANSAS – 6.4%
CALIFORNIA – 7.6%
DELAWARE – 5.9%
DISTRICT OF COLUMBIA – 7.5%
FLORIDA – 6.3%
GEORGIA – 7.2%
ILLINOIS – 7.5%
KENTUCKY – 7.7%
LOUISIANA – 4.9%
MARYLAND – 5.6%
MASSACHUSETTS – 5.6%
MICHIGAN – 7.5%
MISSISSIPPI – 7.7%
MISSOURI – 6.6%
NEW YORK – 6.7%
NORTH CAROLINA – 6.4%
OHIO – 5.5%
OKLAHOMA – 4.6%
PENNSYLVANIA – 5.6%
SOUTH CAROLINA – 5.3%
TENNESSEE – 6.4%
TEXAS – 5.1%
VIRGINIA – 5.1%
The first complete look at one of America’s legendary business leaders
This groundbreaking biography by Kevin Maney, acclaimed technology columnist for USA Today, offers fresh insight and new information on one of the twentieth century’s greatest business figures. Over the course of forty-two years, Thomas J. Watson took a failing business called The Computer-Tabulating-Recording Company and transformed it into IBM, the world’s first and most famous high-tech company. The Maverick and His Machine is the first modern biography of this business titan. Maney secured exclusive access to hundreds of boxes of Watson’s long-forgotten papers, and he has produced the only complete picture of Watson the man and Watson the legendary business leader. These uncovered documents reveal new information about how Watson bet the company in the 1920s on tabulating machines-the forerunners to computers-and how he daringly beat the Great Depression of the 1930s. The documents also lead to new insights concerning the controversy that has followed Watson: his suppos ed coll usion with Adolf Hitler’s Nazi regime.
Maney paints a vivid portrait of Watson, uncovers his motivations, and offers needed context on his mammoth role in the course of modern business history. Jim Collins, author of the bestsellers Good to Great and Built to Last, writes in the Foreword to Maney’s book: “Leaders like Watson are like forces of nature-almost terrifying in their release of energy and unpredictable volatility, but underneath they still adhere to certain patterns and principles. The patterns and principles might be hard to see amidst the melee, but they are there nonetheless. It takes a gifted person of insight to highlight those patterns, and that is exactly what Kevin Maney does in this book.”
The Maverick and His Machine also includes never-before-published photos of Watson from IBM’s archives, showing Watson in greater detail than any book ever has before. Essential reading for every businessperson, tech junkie, and IBM follower, the book is also full of the kind of personal detail and reconstructed events that make it a page-turning story for general readers. The Maverick and the Machine is poised to be one of the most important business biographies in years.
Kevin Maney is a nationally syndicated, award-winning technology columnist at USA Today, where he has been since 1985. He is a cover story writer whose story about IBM’s bet-the-company move gained him national recognition. He was voted best technology columnist by the business journalism publication TJFR. Marketing Computers magazine has four times named him one of the most influential technology columnists. He is the author of Wiley’s MEGAMEDIA SHAKEOUT: The Inside Story of the Leaders and the Losers in the Exploding Communications Industry, which was a Business Week Bestseller.
Residence: Clifton, VA.
“Watson was clearly a genius with a thousand helpers, yet he managed to build an institution that could transcend the genius.”
-from the Foreword by Jim Collins
“Like all great biographers, Kevin Maney gives us an engaging story. . .his fascinating and definitive book about IBM’s founder is replete with amazing revelations and character lessons that resonate today.”
-Rosabeth Moss Kanter, Harvard Business School, bestselling author of Evolve! and When Giants Learn to Dance
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
Despite Ohio Freeze, Renewable Energy Continues To Be Hot l Clean Technica dlvr.it/6HMzd0
Our researchers created a model to find least costly mix of pollution reduction options to meet TMDLs l EPA go.usa.gov/XPJd
Oracle gives sneak peek at its plans for OpenWorld l Networkworld ow.ly/z1x1F
5 key takeaways from Amazon’s big cloud day l Networkworld ow.ly/z1x7g
International law enforcement operation disrupts Shylock banking malware l CSOonlinebit.ly/1oHw5Hp
What’s more important: energy or water? We need both l EPA 1.usa.gov/VAs9QE
Federal Reserve, Central Banks, & Financial Departments
China set to dominate foreign homebuyers market l Housing Wire hwi.re/6HQ2VD
Scorecard: Housing recovery continues to make progress l Housing Wire hwi.re/6HPW8Y
American Students Aren’t Great With Finance Or Managing Money l Huffington Post ow.ly/z1xHA
Africa’s farm economy typically accounts for between 30 to 40% of gross domestic product l World Bank Africa wrld.bg/z0kA2
How can more efficient urbanization support China’s future economic transformation? l World Bank wrld.bg/z0qfV
At least 80 countries around the world are considered vulnerable to natural disasters. l World Bank wrld.bg/z0iuE
Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.
Our Money Matters /\ July 11, 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 (0.57% DN)
M&F Bancorp (MFBP) $4.90 (0.00% UNCH)
Radio One (ROIA) $4.70 (0.63% DN)
African Stock Exchanges
Bourse Regionale des Valeurs Mobilieres (BRVM) 236.38 (0.17% UP)
Botswana Stock Exchange (BSE) 9 184.76 (0.04% UP)
Ghana Stock Exchange (GSE) 2 365.72 (10.28% UP)*
Nairobi Stock Exchange (NSE) 151.12 (N/A)
Johannesburg Stock Exchange (JSE) 51 161.33 (0.33% UP)
International Stock Exchanges
New York Stock Exchange (NYSE) 10 913.28 (0.26% DN)
London Stock Exchange (LSE) 3 566.79 (0.22% UP)
Tokyo Stock Exchange (TOPIX) 1 255.19 (0.32% DN)
Commodities
Overall Unemployment: 6.1% (6.3%)
African America Unemployment: 10.7% (11.5%)
Latino America Unemployment: 7.8% (7.7%)
European America Unemployment: 5.3% (5.4%)
Asian America Unemployment: 5.1% (5.3%)
Previous month in parentheses.
Analysis: The overall unemployment rate dropped 20 basis points. Latino America was the only group to see a rise in their unemployment rate ticking up 10 basis points. African America saw the largest decline with an 80 basis point drop. Asian and European Americans saw drops of 20 and 10 basis points, respectively. African America continues to be the only group with double digit unemployment.
African American Male Unemployment: 10.9% (11.5%)
African American Female Unemployment: 9.0% (10.0%)
African American Teenage Unemployment: 33.4% (31.1%)
African American Male Participation: 67.5% (66.8%)
African American Female Participation: 61.4% (61.2%)
African American Teenage Participation: 27.8% (27.9%)
Previous month in parentheses.
Analysis: African American males see a drop of 60 basis points in their unemployment rate and an increase in 70 basis points in their participation rate. African American females saw a drop of 100 basis points in their unemployment rate, but a tempered increase of only 20 basis points in their participation rate. African American teenagers suffer a number of setbacks with increases in their unemployment rate by 230 basis points and decrease in participation rate by 10 basis points.
CONCLUSION: The overall economy added 288 000 jobs in June. Significantly more than economist expected after previous months failed to live up to expectations. African America picked up 220 000 jobs in June, completely shattering the abysmal previous months job growth. However, despite this record breaking month of jobs the participation rate is virtually unmoved. An increase of 20 basis points to 61.0 percent, which is not even the high among the previous five months. African America’s participation rate continues to be stuck in a tight band between 60.5 to 61.5 percent. Both men and women were net gainers of jobs for African America, but women who picked up the most jobs have a participation rate that is still the second lowest it has been over the past five months. The teenage group which is highly vulnerable is backsliding at a time of year when teenage unemployment should be picking up. The economy for all intentions “feels” better, but African America could be in for a rude awakening after the midterm elections if the Federal Reserve starts to hint at a rate hike, which might cause companies to lay workers off to keep their equity prices at their current levels. Currently, African American needs approximately 150 000 jobs to get its unemployment rate to 9.9 percent.
HBCU Money 