The HBCU Money™ Weekly Market Watch

Our Money Matters /\ July 18, 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) $8.60 (1.18% UP)

M&F Bancorp (MFBP) $5.13 (0.00% UNCH)

Radio One (ROIA) $4.91 (2.51% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  237.13 (0.45% DN)

Botswana Stock Exchange (BSE)  9 200.56 (0.08% UP)

Ghana Stock Exchange (GSE)  2 332.62 (8.74% UP)*

Nairobi Stock Exchange (NSE)  151.55 (N/A)

Johannesburg Stock Exchange (JSE) 51 695.05 (0.18% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 968.38 (0.72% UP)

London Stock Exchange (LSE)  3 595.97 (0.13% UP)

Tokyo Stock Exchange (TOPIX)  1 263.29 (0.79% DN)

Commodities

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HBCU Money™ Histronomics: 1920 Agricultural Census Of Colored Farms & Land Ownership

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HIGHLIGHTS

  • Total American Farm Acres in 1920 – 956 million acres
  • Economic value of Total American Farm Acres – $66 billion
  • Total Colored Acres in 1920 – 45 million acres
  • Economic value of Total Colored Farm Acres – $2.5 billion
  • % of Total Farm Land Owned by Colored in 1920 – 4.7%
  • Average Colored Farm Acreage in 1920 – 47.3 acres
  • Average Economic Value of African American Farms in 1920 – $2 063

*Colored in the census encompasses African, Native, Japanese, and Chinese Americans. African Americans comprised 97.5% of the colored farm operators in 1920.

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2012’s African American Farm Land Ownership By State

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Farms with a Black or African American Principal Producer

  1. TEXAS – 929,003 acres
  2. MISSISSIPPI – 554,463 acres
  3. ALABAMA – 296,432 acres
  4. OKLAHOMA – 251,680 acres
  5. GEORGIA – 221,290 acres
  6. LOUISIANA – 192,287 acres
  7. SOUTH CAROLINA – 191,452 acres
  8. VIRGINIA – 176,571 acres
  9. NORTH CAROLINA – 152,899 acres
  10. ARKANSAS – 149,530 acres
  11. TENNESSEE – 102,196 acres
  12. FLORIDA – 92,324 acres
  13. NEW MEXICO – 61,300 acres
  14. CALIFORNIA – 32,932 acres
  15. KENTUCKY – 31,483 acres
  16. KANSAS – 29,174 acres
  17. MINNESOTA – 26,193 acres
  18. MISSOURI – 20,107 acres
  19. ILLINOIS – 19,843 acres
  20. OHIO – 11,883 acres
  21. MARYLAND – 10,065 acres
  22. MICHIGAN – 9,525 acres
  23. COLORADO – 7,368 acres
  24. IDAHO – 6,613 acres
  25. NEW YORK – 6,059 acres
  26. WASHINGTON – 5,744 acres
  27. MONTANA – 5,714 acres
  28. INDIANA – 5,704 acres
  29. NEBRASKA – 5,249 acres
  30. WEST VIRGINIA – 3,584 acres
  31. IOWA – 3,332 acres
  32. OREGON – 2,481 acres
  33. NORTH DAKOTA – 2,230 acres
  34. ARIZONA – 1,941 acres
  35. NEW JERSEY – 1,038 acres
  36. MASSACHUSETTS – 983 acres
  37. DELAWARE – 792 acres
  38. VERMONT – 740 acres
  39. MAINE – 363 acres
  40. UTAH – 344 acres
  41. CONNECTICUT – 118 acres
  42. NEW HAMPSHIRE  – 84 acres
  43. HAWAII – (D)
  44. NEVADA – (D)
  45. PENNSYLVANIA – (D)
  46. RHODE ISLAND – (D)
  47. SOUTH DAKOTA – (D)
  48. WISCONSIN – (D)
  49. WYOMING – (D)

Total African American Principal Producer Acres: 3,645,289

Total United States Principal Producer Acres: 914,527,657

African American Percentage: 0.40%

Source: USDA

Unemployment Rate By HBCU State – May 2014

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LOWEST: oklahoma – 4.6%

HIGHEST – kentucky & mississippi – 7.7%

ALABAMA – 6.8%

ARKANSAS – 6.4%

CALIFORNIA – 7.6%

DELAWARE – 5.9%

DISTRICT OF COLUMBIA – 7.5%

FLORIDA – 6.3%

GEORGIA – 7.2%

ILLINOIS – 7.5%

KENTUCKY – 7.7%

LOUISIANA – 4.9%

MARYLAND – 5.6%

MASSACHUSETTS – 5.6%

MICHIGAN – 7.5%

MISSISSIPPI – 7.7%

MISSOURI – 6.6%

NEW YORK – 6.7%

NORTH CAROLINA – 6.4%

OHIO – 5.5%

OKLAHOMA – 4.6%

PENNSYLVANIA – 5.6%

SOUTH CAROLINA – 5.3%

TENNESSEE – 6.4%

TEXAS – 5.1%

VIRGINIA – 5.1%

 

 

HBCU Money™ Business Book Feature – The Maverick and His Machine: Thomas Watson, Sr. and the Making of IBM

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The first complete look at one of America’s legendary business leaders

This groundbreaking biography by Kevin Maney, acclaimed technology columnist for USA Today, offers fresh insight and new information on one of the twentieth century’s greatest business figures. Over the course of forty-two years, Thomas J. Watson took a failing business called The Computer-Tabulating-Recording Company and transformed it into IBM, the world’s first and most famous high-tech company. The Maverick and His Machine is the first modern biography of this business titan. Maney secured exclusive access to hundreds of boxes of Watson’s long-forgotten papers, and he has produced the only complete picture of Watson the man and Watson the legendary business leader. These uncovered documents reveal new information about how Watson bet the company in the 1920s on tabulating machines-the forerunners to computers-and how he daringly beat the Great Depression of the 1930s. The documents also lead to new insights concerning the controversy that has followed Watson: his suppos ed coll usion with Adolf Hitler’s Nazi regime.

Maney paints a vivid portrait of Watson, uncovers his motivations, and offers needed context on his mammoth role in the course of modern business history. Jim Collins, author of the bestsellers Good to Great and Built to Last, writes in the Foreword to Maney’s book: “Leaders like Watson are like forces of nature-almost terrifying in their release of energy and unpredictable volatility, but underneath they still adhere to certain patterns and principles. The patterns and principles might be hard to see amidst the melee, but they are there nonetheless. It takes a gifted person of insight to highlight those patterns, and that is exactly what Kevin Maney does in this book.”

The Maverick and His Machine also includes never-before-published photos of Watson from IBM’s archives, showing Watson in greater detail than any book ever has before. Essential reading for every businessperson, tech junkie, and IBM follower, the book is also full of the kind of personal detail and reconstructed events that make it a page-turning story for general readers. The Maverick and the Machine is poised to be one of the most important business biographies in years.

Kevin Maney is a nationally syndicated, award-winning technology columnist at USA Today, where he has been since 1985. He is a cover story writer whose story about IBM’s bet-the-company move gained him national recognition. He was voted best technology columnist by the business journalism publication TJFR. Marketing Computers magazine has four times named him one of the most influential technology columnists. He is the author of Wiley’s MEGAMEDIA SHAKEOUT: The Inside Story of the Leaders and the Losers in the Exploding Communications Industry, which was a Business Week Bestseller.
Residence: Clifton, VA.

“Watson was clearly a genius with a thousand helpers, yet he managed to build an institution that could transcend the genius.”
-from the Foreword by Jim Collins

“Like all great biographers, Kevin Maney gives us an engaging story. . .his fascinating and definitive book about IBM’s founder is replete with amazing revelations and character lessons that resonate today.”
-Rosabeth Moss Kanter, Harvard Business School, bestselling author of Evolve! and When Giants Learn to Dance