Monthly Archives: December 2014

HBCU Money™ Dozen 12/15 – 12/19


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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

Why Microsoft’s Mobile Marketing Strategy Hinges on iOS and Android l CIOonline ow.ly/G7uoW

Dreaming of a White Christmas? Map shows historic probability of your dream l NOAA Climate 1.usa.gov/1uqoVZl

Most plastic is not biodegradable & can end up in oceans where animals mistake it 4 food l UN Environmentbuff.ly/1AhbbXw

Despite what Stephen Hawking says, we won’t ever be slaves to robots l New Scientist ow.ly/G7vU2

Robot insect THE SIZE OF A SMALL DOG takes first steps l New Scientist ow.ly/G7ARz

US Congress Extends Wind Protection Tax Credit To End Of 2014 l Clean Technica dlvr.it/7s64K2

Federal Reserve, Central Banks, & Financial Departments

How has the Bankruptcy Act of 2005 affected the number of filings? l St. Louis Fed bit.ly/13qQjRt

Why are commodity prices falling? l World Economic Forum wef.ch/1sD3nsK

Audio: Pilot program uses crowdfunding to help entrepreneurs launch their small businesses l St. Louis Fed bit.ly/1ivXTR2

How smaller institutions are trying to get ahead with technology l CU Journal bit.ly/1w2lyIH

It is critical to make agriculture resilient for farmers, processors, retailers & governments l World Bank wrld.bg/G0cPe

The curious truths of big data l World Economic Forumwef.ch/1v3dojL

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 /\ December 19, 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) $8.82 (0.23% DN)

M&F Bancorp (MFBP) $4.60 (0.00% UNCH)

Radio One (ROIA) $1.65 (7.14% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  248.51 (0.56% UP)

Botswana Stock Exchange (BSE)  9 509.42 (0.06% UP)

Ghana Stock Exchange (GSE)  2 297.72 (7.11% UP)*

Nairobi Stock Exchange (NSE)  156.19 (N/A)

Johannesburg Stock Exchange (JSE) 49 386.71 (0.20% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 854.72 (0.21% UP)

London Stock Exchange (LSE)  3 515.70 (1.17% UP)

Tokyo Stock Exchange (TOPIX)  1 409.61 (2.42% UP)

Commodities

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Federal Reserve Chairwoman Janet Yellen’s December 2014 Press Conference (Video)


The FOMC (Federal Open Market Committee) held its last meeting of 2014 on December 17, 2014. As has become customary starting under the previous Federal Reserve Chairman Ben Bernanke, a press conference is held thereafter giving the public and media an opportunity to ask questions of the sitting chair about current and/or future strategy and policy.

A few key points that were touched on in the press conference were falling oil prices, three committee member dissent of current policy direction, Russia’s impact on the global economy, and an emphasis that every meeting is a “live” meeting where the committee could alter their strategic policy.

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2014 Members of the Federal Open Market Committee

Unemployment Rate By HBCU State – October 2014


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NUMBER OF STATES WITH RISING UNEMPLOYMENT: 2

NUMBER OF STATES WITH DECLINING UNEMPLOYMENT: 19

NUMBER OF STATES WITH UNCHANGED UNEMPLOYMENT: 3

LOWEST: OKLAHOMA – 4.5%

HIGHEST – GEORGIA – 7.7%

ALABAMA –  6.3% (6.6%)

ARKANSAS – 6.0% (6.2%)

CALIFORNIA – 7.3% (7.3%)

DELAWARE – 6.4% (6.5%)

DISTRICT OF COLUMBIA – 7.6% (7.7%)

FLORIDA – 6.0% (6.1%)

GEORGIA – 7.7% (7.9%)

ILLINOIS – 6.6% (6.6%)

KENTUCKY – 6.2% (6.7%)

LOUISIANA – 6.2% (6.0%)

MARYLAND – 6.0% (6.3%)

MASSACHUSETTS – 6.0% (6.0%)

MICHIGAN – 7.1% (7.2%)

MISSISSIPPI – 7.6% (7.7%)

MISSOURI –  5.9% (6.3%)

NEW YORK – 6.0% (6.2%)

NORTH CAROLINA – 6.3% (6.7%)

OHIO – 5.3% (5.6%)

OKLAHOMA – 4.5% (4.7%)

PENNSYLVANIA – 5.4% (5.7%)

SOUTH CAROLINA – 6.7% (6.6%)

TENNESSEE – 7.1% (7.3%)

TEXAS – 5.1% (5.2%)

VIRGINIA – 5.3% (5.5%)

Previous month in parentheses.

HBCU Money™ Business Book Feature – America’s Fiscal Constitution: Its Triumph and Collapse


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America’s Fiscal Constitution: Its Triumph and Collapse tells the remarkable story of federal leaders who imposed clear limits on the use of federal debt. For almost two centuries those limits allowed the federal government to borrow for only four purposes. That traditional fiscal constitution collapsed in 2001, when federal elected officials broke the traditional link between federal tax and spending policies. For the first time in history, the federal government cut taxes during war, funded permanent new programs entirely with debt, and became dependent on foreign creditors.

With insights gained from original scholarship and an unusual breadth of experience in finance and government, Bill White distills practical lessons from the nation’s five previous spikes in debt. America’s Fiscal Constitution is an entertaining and objective guide for people trying to make sense of the current and most dangerous debt crisis.