HBCU Money™ Business Book Feature – The Second Machine Age: Work, Progress, and Prosperity

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A revolution is under way.

In recent years, Google’s autonomous cars have logged thousands of miles on American highways and IBM’s Watson trounced the best human Jeopardy! players. Digital technologies—with hardware, software, and networks at their core—will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.

In The Second Machine Age MIT’s Erik Brynjolfsson and Andrew McAfee—two thinkers at the forefront of their field—reveal the forces driving the reinvention of our lives and our economy. As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near-boundless access to the cultural items that enrich our lives.

Amid this bounty will also be wrenching change. Professions of all kinds—from lawyers to truck drivers—will be forever upended. Companies will be forced to transform or die. Recent economic indicators reflect this shift: fewer people are working, and wages are falling even as productivity and profits soar.

Drawing on years of research and up-to-the-minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity. These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape.

A fundamentally optimistic book, The Second Machine Age will alter how we think about issues of technological, societal, and economic progress.

HBCU Money™ Dozen 12/1 – 12/5

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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

Orion, NASA’s next-gen spacecraft, is no smarter than your cell phone. l Computerworld http://bit.ly/1ysyoFq

Eels use electric shocks to remote control prey movements l New Scientist http://ow.ly/FofyS

Melting of the West Antarctic ice sheet is happening faster than we thought l Network World http://ow.ly/FofW2

Why enterprises should make analytics invisible l Computerworld http://ow.ly/Fog0n

Silicon Valley’s H-1B Immigration Position Has Some Holes l CIOonline http://trib.al/mSVPbk6

Deadline for grant, where college student teams explore sustainability, due by 12/16 l EPA Research http://go.usa.gov/yAZx

Federal Reserve, Central Banks, & Financial Departments

Brooklyn is the country’s least affordable place to live l Housing Wire http://hwi.re/7kMtzm

Health care affordability gap has widened between the rich and the poor l St. Louis Fed http://bit.ly/1rnRN8z

How learning a language improves your brain l World Economic Forum http://wef.ch/1udN596

The most recent analysis of the economic effects of the Ebola on Sierra Leone l World Bank http://wrld.bg/FmjxK

Credit unions are skeptical about CFPB basing nationwide payday loan laws on Colorado model l CU Journal http://bit.ly/1Alf3VM

Fully 70% of homebuyers don’t know about down payment assistance l Housing Wire http://hwi.re/7kKq0r

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

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ December 5, 2014

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) $9.00 (0.00% UNCH)

M&F Bancorp (MFBP) $4.85 (4.90% DN)

Radio One (ROIA) $1.54 (3.14% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  243.96 (0.22% DN)

Botswana Stock Exchange (BSE)  9 510.89 (0.03% DN)

Ghana Stock Exchange (GSE)  2 300.11 (7.22% UP)*

Nairobi Stock Exchange (NSE)  166.50 (N/A)

Johannesburg Stock Exchange (JSE) 49 506.59 (0.23% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 960.37 (0.07% UP)

London Stock Exchange (LSE)  3 607.25 (0.95% UP)

Tokyo Stock Exchange (TOPIX)  1 445.67 (0.35% UP)

Commodities

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Chris Stevens Shows HBCUpreneurs Can Have Life Outside Of Work – Publishes First Book Of Fictional Stories

William A. Foster, IV

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It is no easy task for an entrepreneur or CEO of a startup, small business, or rapidly growing business to find time for themselves, let alone write a book. Yet, that is exactly what Delaware State University alum and Stevens Communications and Consulting founder managed to do. A compilation of fictional short stories show Stevens flexing his literary pen. Kip Diggs’ in his Amazon review says of Stevens’ book, “Chris’s freshman effort is a fine collection of short stories covering a wide variety of topics. He takes on mental illness, emotional abandonment, greed, lust and even workplace canoodling.”

Moments and interest away from your business are actually vital to building your business. The Guardian’s Mark Williams writes, “Small business owners can’t be good at everything, but many are particularly bad at taking time off. Research published by business software provider Sage suggests that more than 30% of UK small business owners didn’t have a summer holiday last year.” This lack of downtime impacts and often strains familial relationships, entrepreneur psychology, and health. All paramount to an entrepreneur’s capacity to remain primed to focus strategically and tacitly build their businesses.

HBCUpreneurs can definitely take a lesson of wisdom from Mr. Stevens and explore interest and time outside of their business. Jeff Weiner of the World Economic Forum says, “The solution, as simple as it sounds, is to periodically schedule nothing. Use that buffer time to think big, catch up on the latest industry news, get out from under that pile of unread emails, or just take a walk. What ever you do, just make sure you make that time for yourself — everyday and in a systematic way — and don’t leave unscheduled moments to chance. The buffer is the best investment you can make in yourself and the single most important productivity tool I use.” So find time to exercise, read, pursue a hobby, or write as in Mr. Stevens case. Whatever you do sometimes the best way to move forward with your business is to turn off for a moment.  We will be looking for the next installment of Mr. Stevens literary works even as he continues to build Stevens Communications and Consulting into a media consulting powerhouse.

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Click here to head over to Amazon and buy Chris Stevens’ “I’m Feelin That!: Stories Of Love, Life and Lessons Learned”

HBCU Money™ Business Book Feature – The New Coffeehouse Investor: How to Build Wealth & Ignore Wall Street

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In 1998, Bill Schultheis wrote a simple investment book for people who felt overwhelmed by the bull market. He had discovered that when you simplify your investment decisions, you end up getting better returns. As a bonus, you gain more time for family, friends, and other pursuits.

A decade later, through good times and bad, this philosophy has been proven to tower above the daily chatter of Wall Street. And the revised and expanded edition of his book is more valuable than ever.

In a conversational style, Schultheis explains why we should stop thinking about cool stocks, hot mutual funds, trends in interest rates, and predictions for the economy. Stop trying to beat the stock market average; just remember three simple principles:

• Don’t put all your eggs in one basket
• There’s no such thing as a free lunch
• Save for a rainy day

The New Coffeehouse Investor will help readers get their finances in shape quickly and painlessly.