Economics

Be color brave, not color blind: Mellody Hobson at TED2014 | TED Blog

Hobson wants to make clear, “I’m not here to complain. I’ve been treated well by people of all races more often than not. I have succeeded in my life more than my wildest expectations. I tell the uniform story because it happened. I tell the race stats because they are real.” And furthermore, those continuing problems threaten to rob future generations of their opportunities.


Source: Be color brave, not color blind: Mellody Hobson at TED2014 | TED Blog

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Why Marcus Garvey’s Teachings Are as Important Today as They Were in His Time – Atlanta Blackstar

Marcus Garvey

Despite the legislation which emanated from the Civil Rights Movement, Black people are not free and they have no power, including power over their own communities.  The larger society will not employ us, but they will imprison us, as they have by the multitudes, separating our families and destroying our communities, as we are used as raw materials for the prison factories.

And whether by the police, the courts, or vigilantes, this society continues to kill Black women, children and men—in the streets, in the police car, in the jail house and elsewhere, all because we have no power, and they know it.

via Why Marcus Garvey’s Teachings Are as Important Today as They Were in His Time – Atlanta Blackstar.

Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions – The Atlantic

poverty

As Andrew Golis points out, this might suggest something even deeper than the idea that poverty’s stress interferes with our ability to make good decisions. The inescapability of poverty weighs so heavily on the author that s/he abandons long-term planning entirely, because the short term needs are so great and the long-term gains so implausible. The train is just not coming. What if the psychology of poverty, which can appear so irrational to those not in poverty, is actually “the most rational response to a world of chaos and unpredictable outcomes,” he wrote.

None of this is an argument against poorer families trying to save or plan for the long-term. It’s an argument for context. As Eldar Shafir, the author of the Science study, told The Atlantic CitiesEmily Badger: “All the data shows it isn’t about poor people, it’s about people who happen to be in poverty. All the data suggests it is not the person, it’s the context they’re inhabiting.”

via Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions – The Atlantic.

10 Differences Between Middle Class And Rich People

This article explicates the old lessons of middle-class, “nouveau riche” versus the well-established, rich. Rich uncomfortable

1. The middle class live comfortably, the rich embrace being uncomfortable

“Be willing to be uncomfortable. Be comfortable being uncomfortable. It may get tough, but it’s a small price to pay for living a dream.” – Peter McWilliams

“In investing, what is comfortable is rarely profitable.” – Robert Arnott

It’s comfortable to work a “safe” job. It’s comfortable to work for someone else. The middle class think being comfortable means being happy, but the rich realize that extraordinary things happen when we put ourselves in uncomfortable situations. Starting your own business is a risk and risks can be uncomfortable, but a little risk is what it takes to create wealth and achieve superior results.

Step out of your comfort zone. Look at all your options. You will have to be at least a little uncomfortable if you want to become rich. You might even have to fail and that’s great, because if you’re not failing, you’re not doing much.

via 10 Differences Between Middle Class And Rich People.

African Designers Gaining Success in Global Markets As Consumers Pull Away From European Designs ‘Inspired’ By Africa – Atlanta Blackstar

Global fashion designers like Yves Saint Laurent took inspiration from Africa decades ago and more recently brands like Burberry, Louis Vuitton and Christian Dior have embraced the continent’s style and broadened its appeal. But consumers now want products made by Africans, not replicas produced by Western clothing chains, according to Bethlehem Tilahun Alemu, who owns Ethiopian shoe company, soleRebels, which has a dozen stores from Singapore to Greece.

“The global consumer today is hyper-aware. They want authentic and innovative ideas delivered from the authors of those ideas,” Bethlehem said. “We have always had incredible design and production talent here, but it was invisible. That is changing.”

via African Designers Gaining Success in Global Markets As Consumers Pull Away From European Designs ‘Inspired’ By Africa – Atlanta Blackstar.

Dr. Umar Johnson “The Influence of Ebonics on the Hip-Hop Culture” Ebonics Conference – YouTube


Dr. Umar Johnson “The Influence of Ebonics on the Hip-Hop Culture” Ebonics Conference

via Dr. Umar Johnson “The Influence of Ebonics on the Hip-Hop Culture” Ebonics Conference – YouTube.

10 things not to buy in 2015 – MarketWatch

Bottled Water

Bottled Water is Number 3 on this list. But check out what environmental experts have to say.

Scares over possible water contamination have helped boost demand for bottled water over the last few decades, experts say. The American public thinks bottled water is going to be safer and cleaner than tap water, says Mae Wu, attorney in the health program at National Resources Defense Council, a nonprofit environmental advocacy group based in Washington, D.C., but “for the most part, that’s not true.”

via 10 things not to buy in 2015 – MarketWatch.

Top Designer at Pinterest Delivers Compelling Explanation About Being Black in Silicon Valley – Blerds

Top Designer at Pinterest Delivers Compelling Explanation About Being Black in Silicon Valley – Blerds.

Justin advises teaching simple coding to our young. He also determines that the survival of Silicon Valley will depend on its fixing its social climate.

Blacks and Silicon Valley

13 Blacks Influencing Technology In a Major Way Today – Blerds

13 Black initiated businesses that are making great strides in technology. The list may surprise you.

Here is a list of 13 Blacks influencing technology today, according to Business Insider.

Condoleezza Rice, Board of Directors, DropboxEarlier this month, online storage startup Dropbox added Condoleezza Rice to its board of directors.As the former secretary of state and an adviser to the National Security Agency, having someone like Rice as a liaison to Washington, D.C., could be very helpful to Dropbox.

Condoleezza Rice 2014

via 13 Blacks Influencing Technology In a Major Way Today – Blerds.

Haiti’s oil reserves now worth $120 billion dollars

Haiti oil

Well, the reality is there are still many untapped oil reserves in many areas around the world, and Haiti’s is one of them. According to a report from radio Metropole, scientists Daniel and Ginette Mathurin say that Haiti’s oil reserves are larger than those of Venezuela.

In fact, Daniel Mathurin says that Haiti’s oil reserves are so much larger that they are not even worth comparing….“An Olympic pool compared to a glass of water that is the comparison to show the importance of oil Haitian compared to those of Venezuela.”

That is an amazing statement considering the fact that Venezuela is one of the world’s major oil producers. But Daniel and Ginette Mathurin are not the only ones making these claims about oil in Haiti.

via Haiti’s oil reserves now worth $120 billion dollars.