The Minneapolis Fed explains how the twelve Federal Reserve presidents in each district are selected and the process behind it. Eleven of the country’s twelve Federal Reserve districts have an HBCU or PBI located in them. Their influence over local economies monetary policy is something all HBCU citizens should be cognizant of.
An investment strategy that seeks to outperform the average return of the financial markets. Active managers rely on research, economic and market forecasts, and their own skill and experience in selecting securities to buy and sell.
How many HBCU owned airlines are there in America? Zero. How many African American owned airlines are there in America? Zero. In Africa, the story is quite different with a number of airlines popping up over the past five years in the ownership hands of native Africans. So it appears we have some catching up to do with our brethren in the motherland. Given HBCUs are often flush with engineering talent, one HBCU owned airline alone could create massive job opportunities. Jet Blue employs almost 14 000 people and is one of the smallest low fare regional airlines, while one of the bigger regional players Southwest Airlines employs almost 50 000.
However, starting an airline is not for the faint of heart and maybe one of the hardest entrepreneurial challenges one can take on. Boeing’s airline startup page says, “Few businesses have as many variables and challenges as airlines. They are capital-intensive. Competition is fierce. Airlines are fossil fuel dependent and often at the mercy of fuel price volatility. Operations are labor intensive and subject to government control and political influence. And a lot depends on the weather.” However, if you are up to the challenge of finding a niche in the space, then you are on your way to creating a multi-billion company since the industry average of value is $2.7 billion (below) according to Yahoo Finance.
So visit Startup Boeing’s website here and as the Nat King Cole song says and quoted in the Tuskegee Airmen movie of 1995, “Straighten up and fly right.”
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.
A revocable trust also sometimes known as or referred to as a revocable living trust, sets provisions altered, changed, or even canceled dependent upon the grantor of the trust. During the “life” of the revocable trust, income earned is distributed to the grantor or grantors, and only after the grantor’s death does property held within it transfer to the stated beneficiaries.
Investopedia explains a revocable trust as, “This type of agreement provides flexibility and income to the living grantor; he or she is able to adjust the provisions of the trust and earn income, all the while knowing that the estate will be transferred upon death.”