Tag Archives: Economics

Federal Reserve’s 2014 Economic Household Well Being Report

KEY FINDINGS

  • Sixty-five percent of respondents report that their families are either “doing okay” or “living comfortably” financially, compared to 62 percent in 2013.
  • Forty-seven percent of respondents say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money.
  • Twenty percent of respondents report that their spending exceeded their income in the 12 months prior to the survey.
  • Sixty percent of respondents indicate they are either somewhat or very confident they would be approved for a mortgage if they were to apply.
  • Among respondents who borrowed for their own education, those who failed to complete an associate degree or bachelor’s degree, those who attended for-profit institutions, and those who were firstgeneration college students are more likely to be behind on their payments than others.

FULL REPORT CLICK HERE

HBCU Money™ Business Book Feature – Naked Economics: Undressing the Dismal Science

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“Explains our global economy in a way that is (gasp!) actually entertaining.”—Book Magazine

Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science.

This revised and updated edition adds commentary on hot topics, including the current economic crisis, globalization, the economics of information, the intersection of economics and politics, and the history—and future—of the Federal Reserve.

16 Books HBCU Business School & Economics Students Should Read Before Graduating

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“Resolve to edge in a little reading every day, if it is but a single sentence. If you gain fifteen minutes a day, it will make itself felt at the end of the year.” – Horace Mann

While classrooms, homework, professors, classmates, and internships will teach you a lot, sometimes it is an important book that can help shape the way you look at the information being delivered to you. These books will help wrap a culturally relevant point of view to the education you are receiving. It is important to not just understand supply, demand, labor, and capital, but to understand it from our perspective. Learn the history of African Americans as business owners, executives, and inventors so that maybe you create the next great business empire. Read the biographies to get the intimate trials, tribulations, and success of African American business pioneers before you. Ultimately, see how to build, create, develop, and pass on wealth to generations ahead of you.

If you read these books before walking across that stage we promise that you will be a powerful force in business to reckon with.

CAPITALISM AND SLAVERY

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History of Black Business in America: Capitalism, Race, Entrepreneurship

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In the Black: A History of African Americans on Wall Street

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Black Inventors, Crafting Over 200 Years of Success

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On Her Own Ground: The Life and Times of Madam C.J. Walker

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Black Titan: A.G. Gaston and the Making of a Black American Millionaire

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Why Should White Guys Have All the Fun?: How Reginald Lewis Created a Billion-Dollar Business Empire

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Succeeding Against the Odds: The Autobiography of a Great American Businessman

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The Hidden Cost Of Being African American – How Wealth Perpetuates Inequality

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The Color of the Land: Race, Nation, and the Politics of Landownership in Oklahoma, 1832-1929

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Common Stocks and Uncommon Profits and Other Writings

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SECURITY ANALYSIS

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The Richest Man In Babylon

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Family Wealth: Keeping It in the Family–How Family Members and Their Advisers Preserve Human, Intellectual, and Financial Assets for Generations

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Black Asset Poverty and the Enduring Racial Divide

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W. Arthur Lewis and the Birth of Development Economics

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“Books worth reading once are worth reading twice; and what is most important of all, the masterpieces of literature are worth reading a thousand times.” – John Morley

HBCU Money™ Dozen Links 9/9 – 9/13

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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

14 Things You Need to Know About Data Storage Management l ComputerWorld

Voyager has left the system. “NASA Says Voyager 1 Is Now Officially in Interstellar Space” l Wired Science

Geothermal Power Used In British Columbia Residential Development l Clean Technica

Aquaculture a growing industry in the Midwest l IL-IN Sea Grant

FBI issues advisory to financial institutions, but customers should take notice too l ComputerWorld

Frack away, UK, it’s carbon neutral. Sort of l New Scientist

Federal Reserve, Central Banks, & Financial Departments

See the latest data on tax collections by your state l St. Louis Fed

Economics: the most under-taught subject in America? l CEE

GOP to push bill restoring work requirement for food stamps l Floor Action

Housing inventory grew in August l Housing Wire

The vulnerabilty of American families: 40% cannot come up with $2,000 in 30 days l FINRA

All 12 presidents submit joint letter to SEC encouraging money market mutual fund reform l Boston Fed

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 – Economic and Societal Impacts of Tornadoes

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For almost a decade, economists Kevin M. Simmons and Daniel Sutter have been studying the economic impacts and social consequences of the approximately 1,200 tornadoes that touch down across the United States annually. During this time, Simmons and Sutter have been compiling information from sources such as the National Oceanic and Atmospheric Administration and the U.S. Census in order to examine the casualties caused by tornadoes and to evaluate the National Weather Service’s efforts to reduce these casualties. In Economic and Societal Impacts of Tornadoes, Simmons and Sutter present their findings. This analysis will be extremely useful to anyone studying meteorology and imperative for anyone working in emergency disaster management.