The HBCU Money™ Weekly Market Watch

Our Money Matters /\ March 29, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $5.34 (0.00% UNCH)

Radio One (ROIA) $1.74 (0.00% UNCH)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  191.34 (0.76% UP)

Botswana Stock Exchange (BSE)  N/A

Ghana Stock Exchange (GSE)  1 733.47 (44.49% UP)*

Nairobi Stock Exchange (NSE)  117.91 (N/A)

Johannesburg Stock Exchange (JSE) 39 860.84 (0.00% UNCH)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 107.05 (0.40% UP)

London Stock Exchange (LSE)  3 367.33 (0.00% UNCH)

Tokyo Stock Exchange (TOPIX)  1 034.71 (0.20% DN)

Commodities

Gold 1 555.70 (0.72% DN)

Oil 97.23 (0.67% UP)

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

All quotes reported as of 1:00 PM Eastern Time Zone

The HBCU Endowment Feature – Clark Atlanta University

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School Name: Clark Atlanta University

Median Cost of Attendance: $34 218

Undergraduate Population: 3 127

Endowment Needed: $2 139 993 760

Analysis: Clark Atlanta University needs approximately $2.1 billion for all of its undergraduates to attend debt free annually. The school where W.E.B. DuBois taught after achieving his doctorate from a college in the Northeast remains the least known of the AUC trio despite a storied history of its own. Clark Atlanta has a geographic advantage that it certainly can exploit by being the only HBCU with a graduate school in a major metropolitan in the deep southeast which should allow it to be a major draw for HBCU undergraduates within the states of Georgia, Florida, South Carolina, and even arguably Alabama. If Clark Atlanta focuses on developing its graduate school, it could become a research juggernaut among HBCUs in the southeast and the spillover effects into its endowment could easily catapult Clark Atlanta University into the billion dollar endowment conversation amongst HBCUs. The university must also do something to stem its declining undergraduate population. Something that will be very hard in terms of attracting top tier students being the proverbial third wheel in the AUC. Distinguishing itself on the graduate level could stabilize the school and help it produce high quality graduates that in turn would produce sizable gains for the Clark Atlanta endowment. If it does not find its niche we could see a continue steady decline at the teaching “home” of DuBois. However, if it can make the pivot and establish a vision on the graduate level then the Clark Atlanta endowment will find new air.

As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.

HBCU Money™ Business Book Feature – Black Asset Poverty and the Enduring Racial Divide

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Claims of a postracial society notwithstanding, there are enormous and even expanding differences in the level of assets owned by various racial and ethnic groups and black families are vastly overrepresented among the asset poor. Lori Martin provides an in-depth exploration of the causes and consequences of racial wealth inequality.Drawing on both national data and case studies from New York City, Martin probes the reasons for discrepancies in wealth accumulation and their significance for black Americans of all economic classes. Her work allows a deeper understanding of the impact of asset poverty on individuals, families, communities, and the nation as a whole.

HBCU Money™ Dozen Links 3/18 – 3/22

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.

Government Departments

Senate endorses Keystone XL pipeline in budget amendment vote l Senate News http://bit.ly/ZGFJi4

Why Nigeria’s Rebranding Projects Failed l Ekiti State http://bit.ly/YL0YMo

General Austin becomes 1st African-American to lead US Central Command l White House http://at.wh.gov/jl2Kz

Next-generation firewalls are actually getting better l Government Computer News http://ow.ly/jl0Bs

CIA’s big data plans lead it to the Amazon cloud l Government Computer News http://ow.ly/jkVJP

Senator: FAA closure of air control towers like ‘removing stop signs and stop lights’ from roads l Senate News http://bit.ly/Z94bca

Federal Reserve, Central Banks, & Financial Departments

The latest data on assets and liabilities of commercial banks in the U.S. l St. Louis Fed http://bit.ly/11qVzOa

Managing Economic Development in Uncertain Fiscal Times l Chicago Fed http://ow.ly/jl1va

Find out why U.S. corporations are holding so much cash l St. Louis Fed http://bit.ly/1273vHr

Did you know, that only 58% of Africans have access to safe drinking water? l World Bank http://ow.ly/jjHH7

Read the final report from the President’s Advisory Council on Financial Capability l Treasury http://ow.ly/jlgwv

Helping youth build strong financial knowledge, skills, habits will promote sounder household economies l Treasury http://ow.ly/jlgRW

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

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ March 22, 2013

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $6.30 (0.00% UNCH)

Radio One (ROIA) $1.79 (0.00% UNCH)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  191.65 (1.66% UP)

Botswana Stock Exchange (BSE)  8 351.08 (1.98% UP)

Ghana Stock Exchange (GSE)  1 742.26 (45.22% UP)*

Nairobi Stock Exchange (NSE)  113.45 (N/A)

Johannesburg Stock Exchange (JSE) 40 063.38 (0.63% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 9 059.95 (0.56% UP)

London Stock Exchange (LSE)  3 372.79 (0.02% UP)

Tokyo Stock Exchange (TOPIX)  1 038.57 (1.85% DN)

Commodities

Gold 1 605.90 (0.49% DN)

Oil 92.95 (0.54% UP)

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

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