Archive for the ‘World Black Economics’ Category

Big businesses that benefit from Prison Labour

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Corporations Profiting From The Prison Industrial Complex

As the United States continues to lead the world in the percentage of its population that it incarcerates, there are dozens of companies that profit from the mass incarceration epidemic.  Inmates provide companies with cheap, easy to control labor without them being required to provide workers with health insurance or sick days.  Corporations who use prison labor also do not have to worry about having to consider family or vacation time for employees.  Corporations also get away with paying inmates between 90 cents and $4 a day.

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High Spending on Arms in Africa

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THE north-eastern Nigerian town of Chibok is spared little. Earlier this year fighters from the extremist group, Boko Haram, abducted more than 200 local schoolgirls. In the past week insurgents and government troops have traded possession of urban districts and surrounding farmland, leaving much of it burnt.

The Nigerian army, one of the biggest in Africa, should have little difficulty scattering the amateur jihadists. But its arsenal is decrepit and its troops poorly trained. Hence the government’s decision to spend $1 billion on new aircraft and training, among other things. Critics question how much will go towards appropriate kit (never mind how much gets stolen by corrupt generals) and whether it is sensible to lavish resources on a force implicated in atrocities and human-rights abuses.

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The Economic Consequences of Ebola

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The Economic Consequences of Ebola

While African countries are rolling out measures to stop Ebola from spreading, their double digit Economic Growth has been slowed. Since August 2014, South Africa on has banned travellers from Ebola-stricken countries from entering the country, and on Senegal announced it was closing its border with Guinea as a preventative measure, while Chad said it had closed its border with Nigeria. This ban on travel has meant imports and exports are affected, far beyond the borders of the affected countries. Riots broke out in a slum in Liberia’s capital, Monrovia, as residents desperate for food rations battled police. The World Food Programme (WFP) said that about 1 million people are facing food shortages because of quarantines around the region.  The fear of Ebola has hit African hotels and tourism companies hard – nowhere more so than at the epicentre of the crisis, Sierra Leone.

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Black-Owned Businesses Are Powering Detroit’s Resurgence

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Black-Owned Businesses Are Quietly Powering Detroit’s Resurgence, But No One’s Talking About It. So says Kate Abbey-Lambertz of the Huffington Post.

Detroit will mark the first anniversary of its bankruptcy filing this Friday, and across the country, people are watching the city to see how it has survived the upheaval.

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Apple to Buy Beats by Dr Dre

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Dr Dre (Also known as Andre Young, born 1965) has been trending on Twitter today. When you see a name trending – they have made news – either through something they have done which is crazy, or they have died, or amazing news has come out about said person. In this case it is the latter. Apple is in the process of buying Beats for a reported 3.2 billion dollars.

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Lenny Henry’s call to increase numbers of Britain’s Ethnic Minorities in TV and Films

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A meeting I attended this week, chaired by the culture minister Ed Vaizey in the House of Commons, was in many ways a ground-breaking event. For the first time, representatives from film, television and the performing arts came together to acknowledge that representation among black, Asian and ethnic minorities across the television and film industry – most significantly behind the camera – has fallen.

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U. S. Minorities Losing Economic Ground

Chicago Hosts Job Fair For City Jobs

National Urban League discusses the State of Black America 2014.

Report by   JESSE J. HOLLAND, 3rd April 2014.

African-Americans and Latinos are losing economic ground when compared with whites in the areas of employment and income as the United States pulls itself out of the Great Recession, the latest State of Black America report from the National Urban League says.

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Kibera Examined

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Kibera: Nairobi’s Biggest Slum Challenges the Development Narrative

Kibera is home to between 150k to one million people. The population is transient and undocumented so its difficult to fix a figure.

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Oprah finds many ways to Give Back

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A little-known statistic even the most altruistic don’t realize until they wade into heavy-duty giving: The majority of philanthropic initiatives don’t work; 75% close up shop in their first year. Even so, there’s merit in the effort: As in business, failures lead to insights and breakthroughs. With her immense wealth, Oprah has sort to make a difference in lives through education and various other charitable projects.

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Pharrell Williams – The Wonderman

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Pharrell Williams can do no wrong right now.  He has the golden touch.  Every song he touches goes gold or multi-platinum.  Artists are tripping over themselves to work with him. He just seems to have the knack of creating a good tune, or improving a good tune.  His bank manager must be very happy.  In the picture above, Pharrell is showing off his body to an ecstatic 45,000 Australian crowd in Melbourne (March 2014)

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