HBCU Money™ Business Book Feature – Medical Apartheid

From the era of slavery to the present day, the first full history of black America’s shocking mistreatment as unwilling and unwitting experimental subjects at the hands of the medical establishment.

Medical Apartheid is the first and only comprehensive history of medical experimentation on African Americans. Starting with the earliest encounters between black Americans and Western medical researchers and the racist pseudoscience that resulted, it details the ways both slaves and freedmen were used in hospitals for experiments conducted without their knowledge—a tradition that continues today within some black populations. It reveals how blacks have historically been prey to grave-robbing as well as unauthorized autopsies and dissections. Moving into the twentieth century, it shows how the pseudoscience of eugenics and social Darwinism was used to justify experimental exploitation and shoddy medical treatment of blacks, and the view that they were biologically inferior, oversexed, and unfit for adult responsibilities. Shocking new details about the government’s notorious Tuskegee experiment are revealed, as are similar, less-well-known medical atrocities conducted by the government, the armed forces, prisons, and private institutions.
The product of years of prodigious research into medical journals and experimental reports long undisturbed, Medical Apartheid reveals the hidden underbelly of scientific research and makes possible, for the first time, an understanding of the roots of the African American health deficit. At last, it provides the fullest possible context for comprehending the behavioral fallout that has caused black Americans to view researchers—and indeed the whole medical establishment—with such deep distrust. No one concerned with issues of public health and racial justice can afford not to read Medical Apartheid, a masterful book that will stir up both controversy and long-needed debate.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ November 9, 2012

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $4.43 (UNCH)

Carver Bank New York (CARV) $3.75 (1.08% UP)

Radio One (ROIA) $0.88 (1.15% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  152.97 (0.84% DN)

Botswana Stock Exchange (BSE)  7 501.30 (0.01% DN)

Ghana Stock Exchange (GSE)  1 152.88 (18.97%)*

Nairobi Stock Exchange (NSE)  92.94 (N/A)

Johannesburg Stock Exchange (JSE) 33 122.71 (0.46% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 8 062.49 (0.14% UP)

London Stock Exchange (LSE)  3 014.98 (0.16% DN)

Tokyo Stock Exchange (TOPIX)  730.74 (0.63% DN)

Commodities

Gold 1 730.70 (0.27% UP)

Oil 85.54 (0.53% UP)

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

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

African America’s October Unemployment Report – 14.3%

Overall Unemployment: 7.9% (7.8%)

African America Unemployment: 14.3% (13.4%)

Latino America Unemployment: 10.0% (9.9%)

European America Unemployment: 7.0% (7.0%)

Asian America Unemployment: 4.9% (4.8%)

Analysis: African America saw a significant uptick in the unemployment rate from 13.4% in the previous month. European America’s unemployment rate was unchanged and Asian and Latino America sees negligible uptick.

African American Male Unemployment: 14.1% (14.2%)

African American Female Unemployment: 12.4% (10.9%)

African American Teenage Unemployment: 40.5% (36.7%)

African American Male Participation: 67.7% (67.0%)

African American Female Participation: 63.9% (62.0%)

African American Teenage Participation: 29.0% (28.9%)

*Previous month in parentheses.

Analysis: African American men see a negligible drop in their unemployment while the women and teenager group see significant upticks in their unemployment rate from the previous month. Men and women subgroups both see an increase in their respective participation groups which is a sign that more African Americans are seeking work. African American men added approximately 100,000 to their labor force and also picked up approximately 100,000 employed which largely explains why the participation rate went up and unemployment rate went down. A rare occurrence. African American women added approximately 300,000 to their labor force but only employed 100,000 which explains both significant increases in both participation and unemployment rate. More women are coming back into the job search but the pace at which they are coming is not being matched by employment. African American teenagers labor force shrank as well as number of employed shrank and their unemployment rate is the third highest in the developed world for youth trailing only Spain and Greece.

Conclusion: African American employment is seeing its highest participation rate of the past 5 months but appears to be stuck in a band and really unable to make any significant traction. We could say the glass is half full and that sideways employment is better than declining employment.  Year over year participation is up for the women but men have seen a significant decrease in their participation rate over that same period. Surprisingly, it is the teenage subgroup participation rate that is carrying African America’s overall participation rate year over year from last October as the teenage subgroup has risen from 24.3% in 2011 to its current 28.9% in 2012. Sentiment is up among African America as the number in the labor force is also at its highest in 5 months but caution should prevail as this is the time of year for seasonal hires as the holiday shopping season kicks off which provide for only temporary economic engagement.

Source: Department of Labor

HBCU Money™ Business Book Feature – Eritrea and Ethiopia: From Conflict To Cooperation

Eritrea and Ethiopia have the best potential to start the great movement to create a stable, peaceful and cooperative order in the Horn of Africa, if only because the two have, even during the last three dark decades of forced and unhappy partnership, developed a rudimentary economic relationship that ties them together which can, with a little restructuring, be geared to mutual advantage. It is proposed that Eritrea and Ethiopia constitute a core in a Horn of Africa system. If we accept that, and the additional proposal that the Horn of Africa itself forms a distinct system in international relations, then relations within the core, and indeed the larger system, must be premised on the shift from one type of integration to another — i. e. from the hegemonism of empire to free association in a political community. A fully integrated community can be achieved only upon the acceptance of a pluralistic integration process. This collection of essays addresses the prospects and problems in the process of creating a single, integrated community in the Horn of Africa. — Midwest Book Review

Five Questions to Ask Before You Invest

By Investor.org & Securities Exchange Commission

Whether you’re a first-time investor or have been investing for many years, there are some basic questions you should always ask before you commit your hard-earned money to an investment.

Question 1: Is the seller licensed?

Research shows that con-artists are experts at the art of persuasion, often using a variety of influence tactics tailored to the vulnerabilities of their victims. Smart investors check the background of anyone promoting an investment opportunity, even before learning about opportunity itself.

  • Researching brokers: Details on a broker’s background and qualifications are available for free on FINRA’s BrokerCheck website.
  • Researching investment advisers: The Investment Adviser Public Disclosure website provides information about investment adviser firms registered with the SEC and most state-registered investment adviser firms.

If you are not sure who to contact or have any questions regarding checking the background of an investment professional, call the SEC’s toll-free investor assistance line at (800) 732-0330.

Question 2: Is the investment registered?

Any offer or sale of securities must be registered with the SEC or exempt from registration. Registration is important because it provides investors with access to key information about the company’s management, products, services, and finances.

Smart investors always check whether an investment is registered with the SEC by using the SEC’s EDGAR database or contacting the SEC’s toll-free investor assistance line at (800) 732-0330.

Question 3: How do the risks compare with the potential rewards?

The potential for greater returns comes with greater risk. Understanding this crucial trade-off between risk and reward can help you separate legitimate opportunities from unlawful schemes.

Investments with greater risk may offer higher potential returns, but they may expose you to greater investment losses. Keep in mind every investment carries some degree of risk and no legitimate investment offers the best of both worlds.

Many investment frauds are pitched as high return opportunities with little or no risk. Ignore these so-called opportunities or, better yet, report them to the SEC.

Question 4: Do you understand the investment?

Many successful investors follow this rule of thumb: Never invest in something you don’t understand. Be sure to always read an investment’s prospectus or disclosure statement carefully. If you can’t understand the investment and how it will help you make money, ask a trusted financial professional for help. If you are still confused, you should think twice about investing.

Question 5: Where can you turn for help?

Whether checking out an investment professional, researching an investment, or learning about new products or scams, unbiased information can be a great advantage when it comes to investing wisely. Make a habit of using the information and tools on securities regulators’ websites. If you have a question or concern about an investment, please contact the SEC, FINRA, or your state securities regulator for help.