Tag Archives: black market

HBCU Money™ Dozen 4/21 – 4/25


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.


Sandia Labs spawning entrepreneurs, survey shows l Sandia National Labs http://bit.ly/PxAKQc

Online black market designed to evade feds l NetworkWorld http://bit.ly/1fuRLBB

A great opportunity for middle-school science teachers who teach about watersheds! 7/7-12 l DE Sea Grant http://deseagrant.org/BayToBay

US Solar Energy Grew An Astounding 418% From 2010-2014 l Clean Technica http://dlvr.it/5TflpW

The importance of enterprise apps to Apple’s strategy l CIOonline http://trib.al/wcSEDoN

The 5 mathematical laws that rule our brains: Law 1 – the small-world network l New Scientist http://ow.ly/w8XVK

Federal Reserve, Central Banks, & Financial Departments

In Africa, 3 nationwide performance-based financing programs & 17 with pilot programs l World Bank http://wrld.bg/w5J7v

Around the world, gender gaps in labor markets ebb and flow l St. Louis Fed http://bit.ly/1b2dBKn

Economic expansion in NC & SC accelerated in April, while expectations remained solid l Richmond Fed http://ow.ly/w8Yd0

Personal finance flash cards as study aids: Learn how to make smart financial decisions l EconLowDown http://bit.ly/1jFfstj

Which is a better measurement of American oil prices: WTI or Brent crude? l St. Louis Fed http://bit.ly/1jvaEXq

How good is your country at using technology? Map l World Economic Forum http://wef.ch/1f7wpjc

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

HBCU Money™ Business Book Feature – The Outlaws Inc.: Black Market with the World’s Most Dangerous Smugglers


This riveting account reveals the secret corners of our supposedly flat world: black markets where governments are never seen but still spend outrageous amounts of money. Journalist Matt Potter tells the story of Yuri and his crew, a gang of Russian military men who, after the collapse of the Soviet Union found themselves without work or prospects. So they bought a decommissioned Soviet plane-at liquidation prices, straight from the Russian government-and started a shipping business. It wasn’t long before Yuri, and many pilots like him, found themselves an unlikely (and ethically dubious) hub of global trading. Men like these are paid by the U.S., the Taliban, and blue-chip multinational companies to bring supplies- some legal, some not-across dangerous borders.

In a feat of daring reportage, Potter gets onto the flight deck with these outlaws and tells the story of their fearless missions. Dodging gunfire, Potter is taken from place to place by men trafficking everything from illicit weapons to emergency aid, making enemies everywhere but no reliable friends. As the world changes, we see the options for the crew first explode, then slowly diminish, until, in a desperate maneuver, they move their operations to the most lawless corners of Africa, where they operate to this day.

The story of these outlaws is a microcosm of the world since the end of the cold war: secret contracts, guerrilla foreign policy, and conflicts too thorny to be handled in public. Potter uses the story of these men to articulate an underground history of the globalized world. At once thrilling, provocative, and morally circumspect, this book is a must-read for anyone with an interest in espionage, or in how the world works today.

HBCU Money™ Business Book Feature – Smuggler Nation: How Illicit Trade Made America


America is a smuggler nation. Our long history of illicit imports has ranged from West Indies molasses and Dutch gunpowder in the 18th century, to British industrial technologies and African slaves in the 19th century, to French condoms and Canadian booze in the early 20th century, to Mexican workers and Colombian cocaine in the modern era. Contraband capitalism, it turns out, has been an integral part of American capitalism.

Providing a sweeping narrative history from colonial times to the present, Smuggler Nation is the first book to retell the story of America–and of its engagement with its neighbors and the rest of the world–as a series of highly contentious battles over clandestine commerce. As Peter Andreas demonstrates in this provocative and fascinating account, smuggling has played a pivotal and too often overlooked role in America’s birth, westward expansion, and economic development, while anti-smuggling campaigns have dramatically enhanced the federal government’s policing powers. The great irony, Andreas tells us, is that a country that was born and grew up through smuggling is today the world’s leading anti-smuggling crusader.

In tracing America’s long and often tortuous relationship with the murky underworld of smuggling, Andreas provides a much-needed antidote to today’s hyperbolic depictions of out-of-control borders and growing global crime threats. Urgent calls by politicians and pundits to regain control of the nation’s borders suffer from a severe case of historical amnesia, nostalgically implying that they were ever actually under control. This is pure mythology, says Andreas. For better and for worse, America’s borders have always been highly porous.

Far from being a new and unprecedented danger to America, the illicit underside of globalization is actually an old American tradition. As Andreas shows, it goes back not just decades but centuries. And its impact has been decidedly double-edged, not only subverting U.S. laws but also helping to fuel America’s evolution from a remote British colony to the world’s pre-eminent superpower.