Category Archives: Lists

HBCU Money™ B-School: Financial Derivatives

Financial derivatives are financial instruments that are linked to a specific financial instrument or indicator or commodity, and through which specific financial risks can be traded in financial markets in their own right. Transactions in financial derivatives should be treated as separate transactions rather than as integral parts of the value of underlying transactions to which they may be linked. The value of a financial derivative derives from the price of an underlying item, such as an asset or index. Unlike debt instruments, no principal amount is advanced to be repaid and no investment income accrues. Financial derivatives are used for a number of purposes including risk management, hedging, arbitrage between markets, and speculation.

Source: IMF

HBCU Money™ Business Book Feature – Getting to Yes: Negotiating Agreement Without Giving In

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Since its original publication nearly thirty years ago, Getting to Yes has helped millions of people learn a better way to negotiate. One of the primary business texts of the modern era, it is based on the work of the Harvard Negotiation Project, a group that deals with all levels of negotiation and conflict resolution.

Getting to Yes offers a proven, step-by-step strategy for coming to mutually acceptable agreements in every sort of conflict. Thoroughly updated and revised, it offers readers a straight-forward, universally applicable method for negotiating personal and professional disputes without getting angry-or getting taken.

HBCU Money™ Business Book Feature – The Outlaws Inc.: Black Market with the World’s Most Dangerous Smugglers

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This riveting account reveals the secret corners of our supposedly flat world: black markets where governments are never seen but still spend outrageous amounts of money. Journalist Matt Potter tells the story of Yuri and his crew, a gang of Russian military men who, after the collapse of the Soviet Union found themselves without work or prospects. So they bought a decommissioned Soviet plane-at liquidation prices, straight from the Russian government-and started a shipping business. It wasn’t long before Yuri, and many pilots like him, found themselves an unlikely (and ethically dubious) hub of global trading. Men like these are paid by the U.S., the Taliban, and blue-chip multinational companies to bring supplies- some legal, some not-across dangerous borders.

In a feat of daring reportage, Potter gets onto the flight deck with these outlaws and tells the story of their fearless missions. Dodging gunfire, Potter is taken from place to place by men trafficking everything from illicit weapons to emergency aid, making enemies everywhere but no reliable friends. As the world changes, we see the options for the crew first explode, then slowly diminish, until, in a desperate maneuver, they move their operations to the most lawless corners of Africa, where they operate to this day.

The story of these outlaws is a microcosm of the world since the end of the cold war: secret contracts, guerrilla foreign policy, and conflicts too thorny to be handled in public. Potter uses the story of these men to articulate an underground history of the globalized world. At once thrilling, provocative, and morally circumspect, this book is a must-read for anyone with an interest in espionage, or in how the world works today.

HBCU Money™ Business Book Feature – Economic and Societal Impacts of Tornadoes

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For almost a decade, economists Kevin M. Simmons and Daniel Sutter have been studying the economic impacts and social consequences of the approximately 1,200 tornadoes that touch down across the United States annually. During this time, Simmons and Sutter have been compiling information from sources such as the National Oceanic and Atmospheric Administration and the U.S. Census in order to examine the casualties caused by tornadoes and to evaluate the National Weather Service’s efforts to reduce these casualties. In Economic and Societal Impacts of Tornadoes, Simmons and Sutter present their findings. This analysis will be extremely useful to anyone studying meteorology and imperative for anyone working in emergency disaster management.

HBCU Money™ Business Book Feature – Forbidden Creatures: Inside the World of Animal Smuggling and Exotic Pets

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On the heels of his acclaimed The Dangerous World of Butterflies, investigative journalist Peter Laufer is back to chronicle his worldwide quest to penetrate the underworld of international animal smuggling. In Forbidden Creatures, Laufer exposes the network of hunters, traders, breeders, and customers who constitute this nefarious business—which, estimated at $10 to $20 billion annually, competes with illegal drug and weapons trafficking in the money it earns criminals.

            Laufer asks: What is being smuggled, from where and why? What is being done to stop the illegal trading and irresponsible breeding? Taking readers to exotic and often lawless locales, Laufer introduces brazen and dangerous traders and wealthy customers whose greed and mindless self-interest perpetuate what is now a crisis of survival for a growing number of wild species.

            Woven throughout with riveting stories from law enforcement officials and federal prosecutors, Forbidden Creatures is a compelling, first-person narrative written in Laufer’s hallmark conversational, entertaining style.