HBCU Money™ Dozen Links 12/17 – 12/22

Posted on December 22, 2012 by | Leave a comment

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

Sessions compares last-minute vote on deficit deal to ‘Communist Russia’ l Senate News http://bit.ly/T8q0sD

Senate sends $633B defense authorization to Obama’s desk l Senate News http://bit.ly/UWoRj6

$25 computer could help create the techies of tomorrow l GCN http://bit.ly/UiEuoD

K-12 teachers, apply for Summer Teacher Institutes: due Feb 4 l Library of Congress http://1.usa.gov/YlU7hL

How are EPA and partners providing support for innovative solutions to water problems? Read the blog l US EPA http://1.usa.gov/12nk7s4

In two words, why U.S. policy toward Cuba remains unchanged: Alan Gross l Foreign Affairs http://fam.ag/Wv538x

Federal Reserve, Central Banks, & Financial Departments

Memphis economy is underperforming both the nation & other areas of the District economy l St. Louis Fed http://bit.ly/ZZXxqP

In ’11 external #debt for G7 countries was 126% of GDP vs 19% of GDP for the top 10 developing countries l World Bank http://ow.ly/gg25Y

Southwest Economy “On the Record”: Increased U.S. energy supply helps offset tight global conditions l Dallas Fed http://ow.ly/gj1po

Southwest Economy Spotlight: Dollar-sensitive Mexican shoppers boost Texas border retail activity l Dallas Fed http://ow.ly/gj1rQ

38%+ of the world’s land is dedicated to agriculture, and 70% of the poorest families are employed l World Bank http://ow.ly/gj1wP

90% of new jobs in #Kenya come from the private sector l World Bank http://bit.ly/UPaYEi

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.

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Posted in Finance & Tech Review

The HBCU Money™ Weekly Market Watch

Posted on December 21, 2012 by | Leave a comment

Our Money Matters /\ December 21, 2012

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $4.50 (UNCH)

Carver Bank New York (CARV) $4.50 (0.22% UP)

Radio One (ROIA) $0.79 (11.00% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  162.70 (0.14% DN)

Botswana Stock Exchange (BSE)  7 504.77 (0.23% DN)

Ghana Stock Exchange (GSE)  1 197.29 (23.56% UP)*

Nairobi Stock Exchange (NSE)  94.13 (N/A)

Johannesburg Stock Exchange (JSE) 39 124.58 (0.25% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 423.09 (1.12% DN)

London Stock Exchange (LSE)  3 111.17 (0.32% DN)

Tokyo Stock Exchange (TOPIX)  832.72 (0.70% DN)

Commodities

Gold 1 657.60 (0.71% UP)

Oil 88.58 (1.72% DN)

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

All quotes reported as of 12:00 PM Eastern Time Zone

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Posted in Market Watch

Why Not Africa? A Land Of Opportunity For African Americans

Posted on December 18, 2012 by | Leave a comment

By Cordie Aziz

Africa, for the longest time, was thought of as a place where savages and wild beasts roamed endless plains and jungles. However, as time has advanced so has Africa and its image. Now boasting some of the fastest growing economies in the world, countries like Mozambique, Tanzania and Kenya are outpacing many developed countries. Other African countries, like Ghana, are now considered middle class countries, illustrating to the world that many African countries are ready to start competing intenationally.

So in the midst of all of this development and economic growth you have to ask yourself why aren’t more African- Americans following the trends of investing in Africa. Is it lack of knowledge of the opportunities, is it the fear of moving into an unknown continent or is it just lack of interest?

If you had a chance to read the job analysis featured on HBCU Money last week, you saw that overall blacks are still losing jobs in the American economy. They, in fact, still boast the highest unemployment rate of all the races, despite their educational level. So, at what point, will African Americans decide to do something different? What will it take for African Americans to not only see the potential in Mother Africa, but to help actualize it as well?

From cell phone apps to grocery and dry cleaning services, every part of the African market is expanding. Each day new opportunities are created and all the market needs is the right person to fill the gap. So why continue to waste your time fighting for crumbs and you can have a whole pie?

If you are young and have a few thousand dollars accessible to you, I would strongly recommend looking into investing overseas. Yes, you will have to do your research and find the right opportunity for you. But once you do, it will be a decision that you will never regret.

So now that you have some basic information, tell me what is stopping you from looking at investments in Africa?

Cordie Aziz, is a former Congressional staffer who moved to Ghana after losing her job in 2011. She currently is the owner of a cell phone rental company in Ghana and has the blog brokEntrepreneur.wordpress.com

Follow her on twitter @brokenEntrepren

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Posted in Business

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The HBCU Endowment Feature – Florida Memorial University

Posted on December 17, 2012 by | Leave a comment

 

School Name: Florida Memorial University

Median Cost of Attendance: $22,032

Undergraduate Population: 1,771

Endowment Needed: $780,373,440

Analysis: Florida Memorial University needs approximately $780 million to allow all of its undergraduate students to attend debt free annually. Located in a city with 100,000 and 77 percent of the population of African descent the school is in an a unique spot. A city this size is the perfect college town size. It unfortunately is troubled as one of the nation’s highest violent crime areas. On paper the community is notably poorer but this could be a mistake of perception. There is a notable illicit market economy in Miami Gardens and so much of the wealth in the community is probably not on paper but is present. The school would be well served to find ways to engage some of these business leaders in the community. Florida Memorial is one of the forgotten HBCUs in Florida but has the potential with its geographic location and economic demography of the location to become a major endowment stout of HBCU if it engages the population and economic leaders in its area. It could also stand to expand its population by 15 percent to give itself an increased alumni base. The school’s current endowment sits in the $10-12 million range and could easily see it join the $25 million level within the decade with an aggressive capital campaign. One of the notable athletes in the area who does not have a college degree is LeBron James. The school could be well served to approach him and create a degree plan for him to obtain his degree in the off-season and thereby being able to engage him as a long-term donor. If they were able to obtain that relationship they could see themselves push for the $50-100 million level in a decade.

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.

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Posted in Philanthropy

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HBCU Money™ Business Book Feature – Breakpoint and Beyond: Mastering the Future Today

Posted on December 16, 2012 by | Leave a comment

breakpoint

The founders of Leadership 2000, an international leadership development corporation whose clients include DuPont, IBM, 3M, and Sony, show how business professionals and organizations can adopt a new design for living in a dynamically changing world through new ways of creative thinking. 19 graphics.

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Posted in Books