Monthly Archives: January 2015

HBCU Money™ Dozen 1/19 – 1/23


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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

BlackBerry issues futile call for ‘app neutrality’ l Network World ow.ly/HNePp

EU should oblige Internet firms to hand over encryption keys, says antiterrorist advisor l CIOonline trib.al/tcp6U5y

Report: Apple Watch aims to last 19 hours per charge l Macworld dlvr.it/8Bv8dR

Learn how oysters promote healthy coasts l NOAA 1.usa.gov/1ATlTQW

6 products that will protect your privacy l Network World bit.ly/1CjHvtX

New research re-creates planet formation, super-Earths, giant planets l Livermore Lab 1.usa.gov/1yy3j3H

Federal Reserve, Central Banks, & Financial Departments

The pace of poverty reduction in Ethiopia has been impressive—Ethiopia Poverty Assessment l World Bank wrld.bg/HL5GL

What are potential indirect effects of attending a certain type of high school? l St. Louis Fed bit.ly/1xE6kLN

How can we foster the ongoing innovation of online content? l Davos wef.ch/1yGSfBJ

Study finds unique opportunity for women in Family Businesses l CPI Financial ow.ly/HNUHA

Five Simple Questions That Reveal Your Financial Health and Wealth l St. Louis Fed bit.ly/1Cjp5JE

Drop in oil prices is 3rd largest since WWII. All 9 commodities are weakening l World Bank wrld.bg/HPvK1

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

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The HBCU Money™ Weekly Market Watch


Our Money Matters /\ January 23, 2015

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) $8.90 (0.00% UNCH)

M&F Bancorp (MFBP) $4.50 (0.00% UNCH)

Radio One (ROIA) $1.80 (6.25% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  249.86 (0.05% UP)

Botswana Stock Exchange (BSE)  9 497.33 (0.09% DN)

Ghana Stock Exchange (GSE)  2 183.24 (3.44% DN)*

Nairobi Stock Exchange (NSE)  166.68 (N/A)

Johannesburg Stock Exchange (JSE) 48 816.57 (0.11% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 788.33 (0.65% DN)

London Stock Exchange (LSE)  3 664.41 (0.53% UP)

Tokyo Stock Exchange (TOPIX)  1 403.22 (0.99% UP)

Commodities

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HBCU Money™ B-School: Hedge Fund Manager William Ackman Explains Finance & Investment (Video)


William Ackman, Founder and CEO of Pershing Square Capital Management, L.P., is a hedge fund manager and investor activist. According to Bloomberg, “(Pershing’s) 32.8 percent for the first 10 months of 2014, making it the No. 1 fund in Bloomberg Markets’ annual ranking of the best-performing large hedge”

He explains finance and investment in under a hour to help you get a better understanding of just what it takes to understand this often opaque and complex world.

Unemployment Rate By HBCU State – November 2014


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NUMBER OF STATES WITH RISING UNEMPLOYMENT: 1

NUMBER OF STATES WITH DECLINING UNEMPLOYMENT: 22

NUMBER OF STATES WITH UNCHANGED UNEMPLOYMENT: 1

LOWEST: OKLAHOMA – 4.4%

HIGHEST – DISTRICT OF COLUMBIA – 7.4%

ALABAMA –  6.0% (6.3%)

ARKANSAS – 5.8% (6.0%)

CALIFORNIA – 7.2% (7.3%)

DELAWARE – 6.0% (6.4%)

DISTRICT OF COLUMBIA – 7.4% (7.6%)

FLORIDA – 5.8% (6.0%)

GEORGIA – 7.2% (7.7%)

ILLINOIS – 6.4% (6.6%)

KENTUCKY – 6.0% (6.2%)

LOUISIANA – 6.5% (6.2%)

MARYLAND – 5.6% (6.0%)

MASSACHUSETTS – 5.8% (6.0%)

MICHIGAN – 6.7% (7.1%)

MISSISSIPPI – 7.3% (7.6%)

MISSOURI –  5.6% (5.9%)

NEW YORK – 5.9% (6.0%)

NORTH CAROLINA – 5.8% (6.3%)

OHIO – 5.0% (5.3%)

OKLAHOMA – 4.4% (4.5%)

PENNSYLVANIA – 5.1% (5.4%)

SOUTH CAROLINA – 6.7% (6.7%)

TENNESSEE – 6.8% (7.1%)

TEXAS – 4.9% (5.1%)

VIRGINIA – 5.0% (5.3%)

Previous month in parentheses.

HBCU Money™ Business Book Feature – All the Presidents’ Bankers: The Hidden Alliances that Drive American Power


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Who rules America?

All the Presidents’ Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.

Culled from original presidential archival documents, All the Presidents’ Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics—or greed driving bankers.

Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC.

All the Presidents’ Bankers sheds new light on pivotal historic events—such as why, after the Panic of 1907, America’s dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgan’s ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt’s son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.

Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed America’s superpower status and expansion abroad, while promoting broadly democratic values and social welfare at home. But from the 1970s, Wall Street’s rush to secure Middle East oil profits altered the nature of political-financial alliances. Bankers’ profit motive trumped heritage and allegiance to public service, while presidents lost control over the economy—as was dramatically evident in the financial crisis of 2008.

This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents’ Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.