It is significant that Alfred J, Butler’s book, The Arab Conquest of Egypt, and the Last Thirty Years of the Roman Dominion, first published in 1902, is being republished at this time. The African converts to Islam in Africa and those abroad have at last begun to lose some of their romanticism about the Arabs and Islam and are now asking some pertinent questions about this religion and it’s original propagators that they should have asked long ago.
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
Replacing silicon with nanotubes could revolutionize tech l ComputerWorld http://ow.ly/pwfhT
What is ocean acidification? l CA Sea Grant http://bit.ly/1hjojyB
Source code and 2.9 million accounts raided by attackers in Adobe breach l ComputerWorld http://ow.ly/pwfjr
Why Are There Still So Few Women in Science? l Science Makers http://nyti.ms/18ROWK9
US shutdown threatens response to disease outbreaks l New Scientist http://ow.ly/pwfmj
Kia To Make Electric Vehicle That Has Recyclable Materials l CleanTechnica http://dlvr.it/44tt08
Federal Reserve, Central Banks, & Financial Departments
Our Money Matters /\ October 4, 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) $5.98 (0.00% UNCH)
M&F Bancorp (MFBP) $2.85 (5.56% UP)
Radio One (ROIA) $2.75 (0.73% UP)
African Stock Exchanges
Bourse Regionale des Valeurs Mobilieres (BRVM) 204.51 (1.17% DN)
Botswana Stock Exchange (BSE) 8 593.48 (0.02% UP)
Ghana Stock Exchange (GSE) 2 015.77 (67.82% UP)*
Nairobi Stock Exchange (NSE) 129.90 (N/A)
Johannesburg Stock Exchange (JSE) 43 925.68 (0.18% DN)
International Stock Exchanges
New York Stock Exchange (NYSE) 9 672.60 (0.56% UP)
London Stock Exchange (LSE) 3 437.93 (0.06% UP)
Tokyo Stock Exchange (TOPIX) 1 163.82 (0.87% DN)
Commodities
Gold 1 308.70 (0.66% DN)
Oil 103.79 (0.46% UP)
*Ghana Stock Exchange shows current year to date movement. All others daily.
All quotes reported as of 2:00 PM Eastern Time Zone
The economy is service-oriented with commerce, transport, tourism, and public services accounting for about three-fourths of GDP. This island economy suffers from a poor natural resource base, including serious water shortages exacerbated by cycles of long-term drought and poor soil for agriculture on several of the islands. Although about 40% of the population lives in rural areas, the share of food production in GDP is low. About 82% of food must be imported. The fishing potential, mostly lobster and tuna, is not fully exploited. Cape Verde annually runs a high trade deficit financed by foreign aid and remittances from its large pool of emigrants; remittances supplement GDP by more than 20%. Despite the lack of resources, sound economic management has produced steadily improving incomes. Continued economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. Future prospects depend heavily on the maintenance of aid flows, the encouragement of tourism, remittances, and the momentum of the government’s development program. Cape Verde became a member of the WTO in July 2008.
Source: Economy overview provided by CIA Factbook
In the late 1630s, lured by the promise of the New World, Andrea Stuart’s earliest known maternal ancestor, George Ashby, set sail from England to settle in Barbados. He fell into the life of a sugar plantation owner by mere chance, but by the time he harvested his first crop, a revolution was fully under way: the farming of sugar cane, and the swiftly increasing demands for sugar worldwide, would not only lift George Ashby from abject poverty and shape the lives of his descendants, but it would also bind together ambitious white entrepreneurs and enslaved black workers in a strangling embrace. Stuart uses her own family story—from the seventeenth century through the present—as the pivot for this epic tale of migration, settlement, survival, slavery and the making of the Americas.
As it grew, the sugar trade enriched Europe as never before, financing the Industrial Revolution and fuelling the Enlightenment. And, as well, it became the basis of many economies in South America, played an important part in the evolution of the United States as a world power and transformed the Caribbean into an archipelago of riches. But this sweet and hugely profitable trade—“white gold,” as it was known—had profoundly less palatable consequences in its precipitation of the enslavement of Africans to work the fields on the islands and, ultimately, throughout the American continents. Interspersing the tectonic shifts of colonial history with her family’s experience, Stuart explores the interconnected themes of settlement, sugar and slavery with extraordinary subtlety and sensitivity. In examining how these forces shaped her own family—its genealogy, intimate relationships, circumstances of birth, varying hues of skin—she illuminates how her family, among millions of others like it, in turn transformed the society in which they lived, and how that interchange continues to this day. Shifting between personal and global history, Stuart gives us a deepened understanding of the connections between continents, between black and white, between men and women, between the free and the enslaved. It is a story brought to life with riveting and unparalleled immediacy, a story of fundamental importance to the making of our world.
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