Author Archives: hbcumoney

The Uninsured Rates By HBCU State

They always say when America catches cold, African America catches pneumonia. So while the uninsured rate nationally for all Americans is 15.6 percent, the percentage of African America uninsured is approximately 20 percent. An almost 30 percent premium over the national average. The rates below are the overall state’s uninsured and not specifically for African Americans. However, in parentheses we have put the rate for a 30 percent increase to potentially show what the African American uninsured rate could be. It should be noted that this number is not definitive as it is just based on using the national numbers as an estimating base.

hbcustates

State      Uninsured Rate   (Estimated African American Uninsured Rate)

Massachusetts – 3.3% (4.3%)

Washington D.C. – 8.4% (11%)

Delaware – 9.9% (13%)

Pennsylvania – 10.8% (14%)

New York – 12.1% (15.7%)

Michigan – 12.2% (15.9%)

Alabama – 12.9% (16.8%)

Tennessee – 13.1% (17%)

Virginia – 13.2% (17.2%)

Ohio – 13.4% (17.4%)

Maryland – 13.8% (18%)

Kentucky – 14.2% (18.5%)

Illinois – 14.6% (19%)

Missouri – 14.6% (19%)

Mississippi – 16% (20.8%)

North Carolina – 16.1% (21%)

Oklahoma – 16.8% (21.9%)

Arkansas – 17.3% (22.5%)

South Carolina – 18.7% (24.3%)

Georgia – 19% (24.7%)

Florida – 19.8% (25.8%)

Louisiana – 20.5% (26.7%)

Texas – 23.7% (30.8%)

Notes:

Overall 14 out of 24  mainland states and territory where HBCUs are located fall below the national uninsured rate.

Only 4 out of 24 mainland states and territory where HBCUs are located have the estimated African American uninsured rate below the national average.

The average overall uninsured rate for the 24 mainland states and territory where HBCUs are located is 14.8 percent while the median is 14.4 percent.

The average estimated African American uninsured rate for the 24 mainland states and territory where HBCUs are located is 19.2 percent while the median is 18.8 percent.

Source: Bloomberg Visual Data (December 2012); States used as designated by HBCUs recognized by HBCU Endowment Foundation

The HBCU Endowment Feature – Miles College

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School Name: Miles College

Median Cost of Attendance: $21 010

Undergraduate Population: 1 668

Endowment Needed: $700 893 600

Analysis: Miles College needs approximately $700 million to allow all of its students to attend debt free annually. Miles College is located in the heart of the capital of “Civil Rights”, Alabama or Birmingham, AL for some. This historic attachment can be leveraged for fundraising if properly used among elder African Americans. With an outstanding honors college the school is producing high quality graduates who will produce a higher median income than most of African America. This should translate with the proper cultivation from administration into consistent donations going forward. They also have the unique relationship of having an HBCU community college located within Birmingham as well. Lessening their need to develop college ready students and focus funds toward higher achievement in student development which again only adds to the quality of student they will graduate. Being located in Birmingham as with anything has its pros and cons. Birmingham is an up and coming city in the United States and should provide plenty of wealth growth through its medical and banking industries. This could produce an overall stronger city but that does not always find its way into the African American community. With the University of Alabama-Birmingham’s presence it will make the competition for city resources extremely competitive. Miles College should continue to shine and stay true to its HBCU mission and it could strongly benefit from some of its peers moving away from that mission as many in African America still looking for a true sense of community focused on themselves in higher education.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

HBCU Money™ Business Book Feature – Out of Our Minds: Learning to be Creative

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In this extensively revised and updated version of his bestselling classic, Out of Our Minds, Ken Robinson offers a groundbreaking approach to understanding creativity in education and in business. He argues that people and organizations everywhere are dealing with problems that originate in schools and universities and that many people leave education with no idea at all of their real creative abilities. Out of Our Minds is a passionate and powerful call for radically different approaches to leadership, teaching and professional development to help us all to meet the extraordinary challenges of living and working in the 21st century.

HBCU Money™ Dozen Links 1/7 – 1/11

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.

Government Departments

Top Senate Democrats urge Obama to take unilateral action on debt ceiling l Senate News http://bit.ly/XXuF2j

Did you know that the #Endangered #Species #Act will be 40 years old? l US Fish & Wildlife http://ow.ly/gKxkL

Developing a new low-cost, high-tech system that will help citizens measure air quality l US EPA http://go.usa.gov/ghwV

India Walks a Diplomatic Tightrope between US & Iran l Truman Project Fellow  http://tru.mn/Vm7zQx

Nevada brings big data to the desert l Government Computer News http://bit.ly/VUJFZz

Regular screenings can prevent or detect cervical cancer early. Find free or low-cost screenings l Women’s Health http://go.usa.gov/g5kC

Federal Reserve, Central Banks, & Financial Departments

Do you study African development? Explore our collection l World Bank http://ow.ly/gKxSp

Mozambique holds rate but cuts monetary base target l Central Bank http://dlvr.it/2n5VPP

Youth involved in employability programs report an increased sense of belonging in school l Philadelphia Fed http://ow.ly/gK73i

A revolution in monetary policy l Bank of International Settlements http://ow.ly/gKysq

The Future of Community Development l San Francisco Fed http://ow.ly/gKywO

Will an ageing population bankrupt us? l World Economic Forum http://wef.ch/e1qYp

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

 

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ January 11, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $4.70 (14.08% UP)

Carver Bank New York (CARV) $4.25 (5.46% UP)

Radio One (ROIA) $1.13 (16.02% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  168.64 (0.83% UP)

Botswana Stock Exchange (BSE)  7 522.81 (0.10% DN)

Ghana Stock Exchange (GSE)  1 216.96 (1.44% UP)*

Nairobi Stock Exchange (NSE)  101.63 (N/A)

Johannesburg Stock Exchange (JSE) 40 281.14 (N/A)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 712.40 (0.02% DN)

London Stock Exchange (LSE)  3 209.56 (0.35% UP)

Tokyo Stock Exchange (TOPIX)  898.69 (1.09% UP)

Commodities

Gold 1 660.60 (1.04% DN)

Oil 110.64 (1.12% DN)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 7:00 PM Eastern Time Zone