HBCU Money™ Business Book Feature – In the Black: A History of African Americans on Wall Street

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The never-before-told story of five decades of African Americans on Wall Street

Here, for the first time, is the fascinating history of the African American experience on Wall Street as told by Gregory Bell, the son of the man who founded the first black-owned member firm of the New York Stock Exchange. A successful finance professional in his own right with close ties to leading figures in both the black financial and civil rights communities, Bell tells the stories of the pioneers who broke down the ancient social and political barriers to African American participation in the nation s financial industry. With the help of profiles of many important black leaders of the past fifty years including everyone from Jesse Jackson and Maynard Jackson, former mayor of Atlanta, to E. Stanley O Neal, COO and President of Merrill Lynch, and Russell Goings, founder of First Harlem Securities and cofounder of First Harlem Securities he shows how in the years following World War II the growing social, political, and financial powers of African Americans converged on Wall Street. Set to publish during Black History Month, In the Black will be warmly received by African American business readers and general readers alike.

HBCU Money™ Dozen 12/30 – 1/3

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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

Judge Rules Solar Power A Better Deal For Minnesota Than Natural Gas l Clean Technica

Electricity use drops as the UK passes ‘peak light bulb’. The timing couldn’t be better l New Scientist

Collapsing backpack uses a new type of nano-generator to charge your gadgets as you walk l New Scientist

Apple, Cisco, Dell Unhappy Over Alleged NSA Back Doors in Their Gear l CIOonline

Report: NSA intercepts computer deliveries to plant spyware l Network World

Algae Oil Poised For World Domination, Eventually l Clean Technica

Federal Reserve, Central Banks, & Financial Departments

Signs point to modest recovery l Housing Wire

Passing a course may soon be a graduation requirement for FL high school students l Council for Econ Ed 

Cities cultivate loan pools to help spur urban redevelopment l Kansas City Fed

Texas Financial Education Endowment first year grants have been announced  l Building Wealth

: measures stay at 0% l Atlanta Fed

Has college become a riskier investment? Read the cover story in our new Econ Focus magazine l Richmond Fed

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

 

HBCU Money™ Dozen 12/16 – 12/20

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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

Transparent Solar Cells Could Turn Windows Into Generators l CIOonline http://trib.al/bf0t0PZ

California Blocks Another Concentrated Solar Power Project l Clean Technica http://dlvr.it/4Y2Kmm

SolarCity To Provide Solar Lighting To Schools Without Electricity l Clean Technica http://dlvr.it/4Y1Zfg

The rise of hobbyist programmers l ComputerWorld http://ow.ly/rXbqU

IBM follows Amazon’s move into China’s cloud computing market l NetworkWorld http://ow.ly/rXbSZ

Old mice, young bodies: The process of ageing has been reversed in rodents l New Scientist http://ow.ly/rXc2X

Federal Reserve, Central Banks, & Financial Departments

Regional Economic Update: #Texas economy has continued to grow at a moderate pace in recent weeks l Dallas Fed http://bit.ly/1jpmF4R

Richmond Fed’s Economic Quarterly Explores Developments in the Labor Market l Richmond Fed http://bit.ly/1l15aTX

An increasing proportion of the poorest people in the world come from #Africa. l World Bank http://wrld.bg/rTR9

Which countries are best at promoting #gender equality? Check out our heat map l World Economic Forum http://wef.ch/c31tA

Japan maintains stance, now sees recovery “as a trend” l Central Bank News http://dlvr.it/4Xxcy6

Senate passes $607B Defense bill l Floor Action http://bit.ly/1l07v1v

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 20, 2013

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) $5.76 (0.0o% UNCH)

M&F Bancorp (MFBP) $2.89 (3.67% DN)

Radio One (ROIA) $3.40 (1.43% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  226.13 (0.27% UP)

Botswana Stock Exchange (BSE)  9 016.40 (0.24% UP)

Ghana Stock Exchange (GSE)  2 146.91 (78.95% UP)*

Nairobi Stock Exchange (NSE)  132.06 (N/A)

Johannesburg Stock Exchange (JSE) 44 574.25 (0.56% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 207.34 (0.55% UP)

London Stock Exchange (LSE)  3 535.63 (0.32% UP)

Tokyo Stock Exchange (TOPIX)  1 261.64 (0.11% DN)

Commodities

Gold 1 193.60 (0.68% UP)

Oil 99.04 (0.29% UP)

*Ghana Stock Exchange shows current year to date movement. All others daily.

All quotes reported as of 2:00 PM Eastern Time Zone

Currencies Of The African Diaspora – Burundi

by-map

Burundi is a landlocked, resource-poor country with an underdeveloped manufacturing sector. The economy is predominantly agricultural; agriculture accounts for just over 30% of GDP and employs more than 90% of the population. Burundi’s primary exports are coffee and tea, which account for 90% of foreign exchange earnings, though exports are a relatively small share of GDP. Burundi’s export earnings – and its ability to pay for imports – rests primarily on weather conditions and international coffee and tea prices. An ethnic-based war that lasted for over a decade resulted in more than 200,000 deaths, forced more than 48,000 refugees into Tanzania, and displaced 140,000 others internally. Only one in two children go to school, and approximately one in 15 adults has HIV/AIDS. Food, medicine, and electricity remain in short supply. Less than 2% of the population has electricity in its homes. Burundi’s GDP grew around 4% annually in 2006-12. Political stability and the end of the civil war have improved aid flows and economic activity has increased, but underlying weaknesses – a high poverty rate, poor education rates, a weak legal system, a poor transportation network, overburdened utilities, and low administrative capacity – risk undermining planned economic reforms. The purchasing power of most Burundians has decreased as wage increases have not kept up with inflation. Burundi will remain heavily dependent on aid from bilateral and multilateral donors – foreign aid represents 42% of Burundi”s national income, the second highest rate in Sub-Saharan Africa. Burundi joined the East African Community in 2009, which should boost Burundi’s regional trade ties, and also in 2009 received $700 million in debt relief. Government corruption is hindering the development of a healthy private sector as companies seek to navigate an environment with ever changing rules.

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BI30

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Source: Economy overview provided by CIA Factbook