The Pulitzer Prize-wimming author of The Prize joins a leading expert on the global economy to present an incisive narrative of the risks and opportunities that are emerging as the balance of power shifts around the world between governments and markets — and the battle over globalization comes front and center. The Commanding Heights is essential for understanding the struggle over the “new rules of the game” for the twenty-first century.
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
Posted in Finance & Tech Review
Tagged affordable care act, aircraft design, charlotte, chicago, foreclosures, google, Personal Finance, solar power
Our Money Matters /\ November 15, 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) $5.61 (0.00% UNCH)
M&F Bancorp (MFBP) $3.35 (0.00% UNCH)
Radio One (ROIA) $3.37 (0.59% DN)
African Stock Exchanges
Bourse Regionale des Valeurs Mobilieres (BRVM) 217.08 (1.30% UP)
Botswana Stock Exchange (BSE) 8 788.19 (0.06% DN)
Ghana Stock Exchange (GSE) 2 127.79 (77.36% UP)*
Nairobi Stock Exchange (NSE) 135.13 (N/A)
Johannesburg Stock Exchange (JSE) 45 174.18 (0.60% UP)
International Stock Exchanges
New York Stock Exchange (NYSE) 10 167.44 (0.37% UP)
London Stock Exchange (LSE) 3 560.76 (0.33% UP)
Tokyo Stock Exchange (TOPIX) 1 239.04 (1.68% UP)
Commodities
Gold 1 288.10 (0.14% UP)
Oil 93.96 (0.21% UP)
*Ghana Stock Exchange shows current year to date movement. All others daily.
All quotes reported as of 2:00 PM Eastern Time Zone
Dear Miss Wells:
Let me give you thanks for your faithful paper on the lynch abomination now generally practiced against colored people in the South. There has been no word equal to it in convincing power. I have spoken, but my word is feeble in comparison. You give us what you know and testify from actual knowledge. You have dealt with the facts with cool, painstaking fidelity and left those naked and uncontradicted facts to speak for themselves.
Brave woman! you have done your people and mine a service which can neither be weighed nor measured. If American conscience were only half alive, if the American church and clergy were only half christianized, if American moral sensibility were not hardened by persistent infliction of outrage and crime against colored people, a scream of horror, shame and indignation would rise to Heaven wherever your pamphlet shall be read.
But alas! even crime has power to reproduce itself and create conditions favorable to its own existence. It sometimes seems we are deserted by earth and Heaven–yet we must still think, speak and work, and trust in the power of a merciful God for final deliverance.
Very truly and gratefully yours,
FREDERICK DOUGLASS.
Cedar Hill, Anacostia, D.C., Oct. 25, 1892
Botswana has maintained one of the world’s highest economic growth rates since independence in 1966. However, economic growth was negative in 2009, with the industrial sector shrinking by 30%, after the global crisis reduced demand for Botswana’s diamonds. Although the economy recovered in 2010, GDP growth has again slowed. Through fiscal discipline and sound management, Botswana transformed itself from one of the poorest countries in the world to a middle-income country with a per capita GDP of $16,800 in 2012. Two major investment services rank Botswana as the best credit risk in Africa. Diamond mining has fueled much of the expansion and currently accounts for more than one-third of GDP, 70-80% of export earnings, and about one-third of the government’s revenues. Botswana’s heavy reliance on a single luxury export was a critical factor in the sharp economic contraction of 2009. Tourism, financial services, subsistence farming, and cattle raising are other key sectors. According to official government statistics, unemployment reached 17.8% in 2009, but unofficial estimates run much higher. The prevalence of HIV/AIDS is second highest in the world and threatens Botswana’s impressive economic gains. An expected leveling off in diamond production within the next two decades overshadows long-term prospects. A major international diamond company signed a 10-year deal with Botswana in 2012 to move its rough stone sorting and trading division from London to Gaborone by the end of 2013. The move may support Botswana’s downstream diamond industry.
Source: Economy overview provided by CIA Factbook
HBCU Money 