Author Archives: hbcumoney

HBCU Money™ Business Book Feature – The New Confessions of an Economic Hit Man

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Featuring 15 explosive new chapters, this expanded edition of Perkins’s classic bestseller brings the story of economic hit men (EHMs) up to date and, chillingly, home to the US. Over 40 percent of the book is new, including chapters identifying today’s EHMs and a detailed chronology extensively documenting EHM activity since the first edition was published in 2004.

Former economic hit man John Perkins shares new details about the ways he and others cheated countries around the globe out of trillions of dollars. Then he reveals how the deadly EHM cancer he helped create has spread far more widely and deeply than ever in the US and everywhere else—to become the dominant system of business, government, and society today. Finally, he gives an insider view of what we each can do to change it.

Economic hit men are the shock troops of what Perkins calls the corporatocracy, a vast network of corporations, banks, colluding governments, and the rich and powerful people tied to them. If the EHMs can’t maintain the corrupt status quo through nonviolent coercion, the jackal assassins swoop in. The heart of this book is a completely new section, over 100 pages long, that exposes the fact that all the EHM and jackal tools—false economics, false promises, threats, bribes, extortion, debt, deception, coups, assassinations, unbridled military power—are used around the world today exponentially more than during the era Perkins exposed over a decade ago.

The material in this new section ranges from the Seychelles, Honduras, Ecuador, and Libya to Turkey, Western Europe, Vietnam, China, and, in perhaps the most unexpected and sinister development, the United States, where the new EHMs—bankers, lobbyists, corporate executives, and others—“con governments and the public into submitting to policies that make the rich richer and the poor poorer.”

But as dark as the story gets, this reformed EHM also provides hope. Perkins offers a detailed list of specific actions each of us can take to transform what he calls a failing Death Economy.

The Finance & Tech Week In Review – 2/4/17

 

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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Economic nationalism is on the rise, but the future of trade lies with cities / WEF wef.ch/2jL69hC

Economic Update on #CôtedIvoire on the need for greater investments in human capital / World Bank Africa wrld.bg/4bR5308C6oY

Why do so many women leave engineering? Probably not for the reason you’re thinking / WEF wef.ch/2jc69f9

Are protests games of strategic complements or substitutes? / NBER bit.ly/2l5ZShk

You knew millennials were worse off than their parents, but this is how bad it is / WEF wef.ch/2kplNBc

Two cups of grapes a day may keep the Alzheimer’s away / New Atlas newatl.as/2kqGlJD

5 shocking new threats to your personal data / Computerworld ow.ly/zXHP308Gg0l

How to keep children safe on Facebook and other online dangers / CSOonline ow.ly/Ltkf308GfWj

A source of volcanism on Mars remained largely unchanged for billions of years. / Science News ow.ly/e6MW308GfN4

Public lands do more than protect the environment—they also support local jobs / Pew Environment pew.org/2ilh8xz

HBCU Money™ Turns 5 Years Old

By William A. Foster, IV

In essence, I see the value of journalism as resting in a twofold mission: informing the public of accurate and vital information, and its unique ability to provide a truly adversarial check on those in power. – Glenn Greenwald

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Another year in the books. After a rough 2016, as it was for most of the world, HBCU Money saw its share of ups and downs and is glad to have made it to the other side. It is not enough anymore to just survive anymore, it is time for us to start striving, building, and succeeding. How we get to our destination though can often be as important as where we are going.

It is my belief and desire that HBCU Money be part of a new era in media. A new era that returns to its fundamental roots of journalism, where the desire to be first must take a backseat to being of integrity in the information we disseminate to the public. From those in media who are upstart blogs to global media companies, we all have a duty to be more than just a headline or to take a person’s words and twist them to fit our own agendas. People need a safe place to consume information, to consume different points of view, and that should be part of our duty as purveyors of information. HBCU Money will continue to be part of the landscape of integrity giving credit where it is due and presenting information that helps evolve our place in the world. There are hard questions that need to be asked, questions we may not even realize need to be asked, and much in between.

As the Founder and Editor-In-Chief of HBCU Money, it is my hope to one day to turn over the reins to someone who will take this company even further than I can dream. In the meantime, I will continue to ensure we set the proper foundation that permeates constitutional values so that everyone who comes to work here or reads our pages will feel connected and intellectually respected in everything we do. Thank you all for your support these past five years and we continue to look forward to your support going forward.

HBCU Money™ Business Book Feature – Pushout: The Criminalization of Black Girls in Schools

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Fifteen-year-old Diamond stopped going to school the day she was expelled for lashing out at peers who constantly harassed and teased her for something everyone on the staff had missed: she was being trafficked for sex. After months on the run, she was arrested and sent to a detention center for violating a court order to attend school.

Just 16 percent of female students, Black girls make up more than one-third of all girls with a school-related arrest. The first trade book to tell these untold stories, Pushout exposes a world of confined potential and supports the growing movement to address the policies, practices, and cultural illiteracy that push countless students out of school and into unhealthy, unstable, and often unsafe futures.

For four years Monique W. Morris, author of Black Stats, chronicled the experiences of black girls across the country whose intricate lives are misunderstood, highly judged—by teachers, administrators, and the justice system—and degraded by the very institutions charged with helping them flourish. Morris shows how, despite obstacles, stigmas, stereotypes, and despair, black girls still find ways to breathe remarkable dignity into their lives in classrooms, juvenile facilities, and beyond.

The Finance & Tech Week In Review – 1/28/17

 

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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Black market medical record prices drop to under $10, criminals switch to ransomware / CSOonline ow.ly/Ke6T308r22i

Housing lets the iPhone 7 explore the seven seas / New Atlas newatl.as/2kCvvyX

Quail chicks learn their mother’s song in the egg / New Scientist bit.ly/2kbFKgs

Humans have created 30 trillion metric tons of stuff, from buildings to farms to ABBA albums / Science News ow.ly/g0vm308qYjy

Ikea’s refugee shelter declared best design of 2016 / New Scientist newatl.as/2jYB37Q

In #Madagascar, mobile phones allowed researchers to track increasing food insecurity in real time / World Bank wrld.bg/uftj308lLIC

Most People Are Financially Illiterate. Your Employees Don’t Need to Be / Inc. ow.ly/qG4r308qY5Q

3 Things to Know About Financial Planners. Prepare for your future. / FINRA bit.ly/2jeAtFF

Everyone wants economic growth. Starting young is key / WEF wef.ch/2kAoAub

This is how much you would have to contribute to pay off your country’s debt / WEF wef.ch/2j47Ho3