Friday, November 28, 2008

Singer Angela Arnold Talks About Her Love of Music


This 25 year old Louisville, Kentucky native has been singing since age 4 and is excited about the upcoming release of her first album, Asa: Loves Experience, A Steve Wallis Project.

Where do you currently live?

I’m in East Orange, but I claim Louisville. I’m a native of Louisville, Kentucky. I love New Jersey but my sound– a lot of people you will see talking about me will tell you that it’s a Louisville sound.

Did you go to school, what was your major?

My major was Theatre Arts with a concentration in music. Rather than just having a God given talent, I have studied music. I’m definitely an actor as well.

College was much harder for me at one point. But I made it through!

Who influences you?

Anywhere from Billie Holiday to Tina Marie, Dinah Washington…

I could name a lot of folks, and that will definitely reflect on my album. The greatest of the influences that I’ve had when it comes to my music has been those greats of the 1930s.

If I took your iPod, what music would I find?

Tina Marie, she is one of the ultimate artists to me; Stevie Wonder, a lot of older cats. (Laughs). One of the newer cats: John Legend.

Ne-Yo, I think he’s a genius. Billie Holiday. And Jill Scott of course, Jill is all over the place in my iPod.

I tell you what; if I ever got the chance to work with Prince I’d be done. He’s probably one of the only artists I admire no matter what he does.

Does your album have a release date? What was some of your motivation for the album?

It doesn’t have a release date at this time, either at the end of December or early January. Steve Wallis is the producer of this project; we wanted it to be very exclusive. He really brought out what I wanted to do with the album.

I wrote all of the lyrics on the album except for two, and two of those were collaborations with Steve. I’m very proud of this album.

In February I lost a really good friend of mine and a good friend of a lot of people in the industry, Static Major. I started thinking to myself, “What is my purpose here? What did I come to the east coast to do and why am I not doing it? “ I feel there was some kind of force leading me there, whether it has been the spirit of my father or static’s spirit or even reminiscing on my father.

What do you do for fun?

A lot of times I just hang out with my friends, we might go see a theatre show, I might take in a film or support fellow artists. I make jewelry. That might be the next thing on the list to bring to the forefront.

Any advice for aspiring artists?

Have a plan. Educate yourself about the industry and don’t give up. It’s a lot of work but in the end, as long as you’re true to the art and as long as you stay true to the message that you’re trying to send to others, you will succeed.

View Asa’s blog here.

Wednesday, November 26, 2008

How Consumer Confidence Impacts Economic Activity


Dr. Boyce Watkins
www.Boycewatkins.com

If you wish to see a video explaining consumer confidence, which is one of the driving issues behind the recent moves in the stock market, please click here.

This has been an interesting week, with auto execs showing up on private jets to request a bailout from the government and the Dow moving to below 8,000 points for the first time in 5 years. I still hold to the fact that this is a great time to get into the stock market if one has never done so before, especially if you are under the age of 50. By the way - please visit our sponsor, GreatBlackSpeakers.com if you are interested in hiring a top notch African American speaker or seeking to become one.

Take care!
Boyce Watkins
http://www.blogger.com/www.boycewatkins.com
Click here to join our money advice list.

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If you listen carefully to the words of Treasury Secretary Henry “Hank” Paulson and Ben “Big Ben” Bernanke (chairman of the Federal Reserve) you might notice a trend in their language. The word “confidence” is used a lot when they speak. Many of their monetary proposals are not necessarily valuable for their financial power, but also for their psychological power.

Some of you may wonder what confidence has to do with anything. After all, if you’re broke, confidence doesn’t exactly put money in your pocket. If you’re 100 pounds overweight, confidence won’t help you win the Olympic 100 meter dash. When you are flying on a crashing plane, confidence doesn’t keep the plane from slamming into the ground. But confidence is important to an economy, and one of the most significant drivers of economic growth. In fact, over confidence has driven US economic growth for the past 10 years. Here are some reasons that confidence matters in the minds of Hank and Big Ben:

1) Confident consumers spend money

If you think you might lose your job next year, are you going to max out your credit cards? I certainly hope not. If you are worried about being able to make ends meet, are you going to buy that big screen TV? Not unless you want your wife to leave you. So, even if it doesn’t hold any truth, the mere forecast of a weak economy is enough to make many Americans hold off on consumer spending, one of the great driving forces of the American financial system.

2) Confident companies invest money and hire workers

Investments involve risk. Your hunch may work out, and it may not. If you don’t believe the economy is getting better, you are not going to consider taking that risk. No one plans to go to the beach if the weather man says that it’s going to rain. When economic rain is in the forecast, companies pull out their umbrellas and hold off on new projects. This reduces the number of jobs in the economy, because nearly every job created in America is the result of someone making an investment.

3) Confident Americans do not take their money out of banks

In case you didn’t know, your bank does not have your money. Your money is part of a large base of financial capital that is loaned out to individuals and consumers seeking to get a good return on their investment. So, without investing, your bank would have no interest in paying you any interest at all. So if, say, 30% of all customers of the same bank decide to get their money out at the same time, the bank would have serious financial problems. It is a lack of confidence that could cause customers to “run” on their bank and take out their money.

4) Confident investors keep their money in the stock market

The stock market is a place where fortunes are made and lost. Some part of that fortune is psychological, given that no asset can have a value which exceeds that which someone is willing to pay for it. When investors lose confidence, they take their money out of the stock market, and reductions in demand for stocks lead to massive paper losses in the market. Additionally, most Americans are “momentum traders”, meaning that when the market goes up, they tend to buy more, and when it goes down, they tend to sell. History shows that it is actually the opposite approach that tends to work best.

5) Confident banks make loans

Banks have to keep a certain portion of their funds on hand at all times to meet federal requirements. If they are fearful that their customers might come and demand their cash, they hold onto their capital to ensure that it is available. If they are afraid that their borrowing customers will not be able to repay loans due to a weak economy, they also hold back on issuing new loans. The truth is that when economic forecasts are grim, conservative bankers become even more fearful than the rest of us.

The bottom line of this article is that confidence matters. So, the next time you hear Ben Bernanke give a speech, you can be confident that he is going to use language that makes you feel more secure. Whether you choose to believe those words is up to you.

Dr. Boyce Watkins is a Finance Professor at Syracuse University. He does regular commentary in national media, including CNN, BET, ESPN and CBS. For more information, please visit http://www.blogger.com/www.boycewatkins.com. To join our money list, please click here.

Sunday, November 16, 2008

Trade You The Black President For These Things


by Dr. Boyce Watkins


Barack Obama’s voice booms high into the clouds as our nation’s president. But it is also a voice that is sometimes muted by policy, distorted by conflicting agendas and distracted by the complexities of the world in which we live. I find myself mildly disturbed by the excessive celebration within our community, as if winning this political popularity contest has somehow finally validated us as a people. It is scary when the measure of a Black person's success is captured by the degree of favor he has obtained with his historical oppressors. I will never believe that winning the White House is the greatest achievement in Black History, nor was it the greatest sacrifice. The greatest achievements were made by those who worked for us to be truly empowered and the sacrifice was made by those who died to clear President Obama’s path. Achieving prominence on the plantation is not nearly as meaningful as achieving independence.


Before we conclude that we live in a post-racial America, we must remember that many of the men and women who voted for Barack Obama would not be happy to see your Black sons dating their daughters. While we see that the White House has a Black face, we must remember that the majority of our nation’s most esteemed universities still only bring in Black people to dribble basketballs (if you went to college, count the number of Black Professors you had during your 4 years who were not in an African American studies Department). Most of the media outlets you watch on TV are controlled by people who are not Black, yet they consistently impact the self-perception of Black children by bombarding them with negative Black imagery (i.e. DL Hughley's new show on CNN). Most of our nation's wealth is controlled by the descendants of slave masters, with poverty being inherited by descendants of slaves. There is a lot of work to do, we can’t forget that.


So, while having a Black President is a wonderful thing, it’s not the most wonderful thing I can think of. I would GLADLY trade a Black President for any of the following:


Another Malcolm X – Malcolm is likely the most under-appreciated American in our nation’s history, since his legacy is not as amenable to the excessive commercialization and mainstream comfort of Dr. Martin Luther King, Jr. Dr. King achieved political gains and Barack gave us the White House, both of which can be taken away in an instant. Malcolm gave us something far more permanent – our self-respect and desire for economic independence. Since America will never give Malcolm much respect, it is up to us to remember that he is every bit as significant as Barack Obama and Martin Luther King, Jr. We should all memorize Malcolm's birthday right now.


10 Black Warren Buffets – my good friend and wildly successful money manager, Bill Thomason, brought up an undeniable point: if we as African Americans do not get ourselves together financially, we will never have true power. America is a capitalist democracy, and we cannot forget that money makes this world go round. Rather than teaching our children to get jobs, we need to teach them how to CREATE jobs. Rather than trying to wiggle our way up the corporate ladder, we should be creating the buildings that the ladders lean against. Wealth is more powerful than racism any day of the week.


An era of enlightened and educated professional and college athletes – The Black male athlete possesses many keys to the economic and social liberation of Black America. Many HBCUs can’t pay the light bill, but Black Athletes earn at least $2 Billion dollars per year for universities that don’t hire Black coaches or Black Professors (March Madness, for which athletes are not paid, earns more ad revenue than the Super Bowl and the World Series COMBINED). The powers that be know the potential influence and reach of an educated and empowered Black athlete, which is why they work overtime to keep them uneducated: when many athletes come to college, coaches pick their classes for them and some can’t even read at graduation. They keep them focused on the bling so they will take their eyes off the prize. These young men are taught like sheep to embrace intellectual mediocrity so their handlers can earn fortunes at their expense. They are granted the greatest power in our society as long as they prove that they are unwilling to use it. If these men were to ever wake up and fight for something bigger than themselves (as Muhammad Ali and Jim Brown once did), it would be absolutely earth shattering.


A Quality Public Education System – Rather than declaring a War on Terror, we should declare War on inferior inner city education. Instead of bailing out the rich guys on Wall Street, we should be bailing out our children who are stuck in the preschool to prison pipeline. Hundreds of thousands of potential Barack Obamas are being tossed in an educational landfill every year, as Black boys are 5 times more likely to be placed in Special Education as White kids (I was one of those boys). This is a damn shame.


Complete Overhaul of the Prison System – If you ever want to see slavery in the 21st century, one only need look as far as our nation’s prisons. There is little effort to rehabilitate, and the impact on the physical health and socio-economic stability of the Black family has been devastating. President Obama and others should confront the prison industrial complex immediately and stop the human rights abuses taking place in our nation's prisons.


Now that people are saying that President Obama’s success implies that there is no more racism, our job becomes much more difficult. President Obama and others must be consistently asked to pull their weight so that we can get a return on our investment in the Presidential popularity contest. But while we expect President Obama to lead us, we must also remember that it is important to lead him as well. The fight is just beginning.


Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “What if George Bush were a Black Man?” For more information, please visit www.BoyceWatkins.com. To join the Dr. Boyce Money list, please click here.

Friday, November 14, 2008

Dealing With An Addiction to Political Television


By: Lisa Powell

A few months ago, I was a happy work-from-home mom. Each day was filled with caring for my kids, tending to the hubby, doing case work with my clients and squeezing in a few minutes for myself. Little did I know that a nightmare was coming from a villain that I would have never expected…the STOCK MARKET! In early October, the Dow Jones industrial plummeted as much as 800 points. Before this fateful day, I had never paid attention to the numbers. All of a sudden my world changed. I had to try to get a handle on what was going on around me.


Now, each morning my television is programmed to come on at 6:45am to MSNBC so that I can view all of the events that occurred during my slumber. You ask “what could possibly have happened by this early time”? I have no idea, but I don’t want to be taken by surprise. Although I am just a simple woman from Louisville KY, the world has changed in such a way that I must know what is happening in China, Japan and every other location on the other side of the globe. Watching MSNBC is like having a cup of coffee first thing in the morning. After seeing what happened overseas, I can start my day. If stocks rallied in other places, I get my daughters up for school, get them dressed and make pancakes. If things are a bit “off”, they get a bowl of cereal. Sorry kiddos. As the day goes on, I watch the ups and downs of the stock market. I am good at multi-tasking, so I just have every television in the house tuned in as I tend to my daily duties. Something in my brain snapped a few weeks ago when I made the awful mistake of taking a nap shortly 4pm. When I went to sleep, the Dow Jones was down a mere 200 points. You know how they say that 40 years old is the new 20. Well, now a 200 point drop in the Dow is the new 100 point rally. I have adjusted to some level of disappointment, due to the resent explosion. On that horrific afternoon, I woke from my peaceful slumber and I tuned into my favorite channel. The Dow had dropped nearly 700 points for the day!!! The panic overtook me and I wondered what had happened. I called my sister in TX who watches the news channels almost as much as I do. We talked for over an hour about what this means for the world. I just had this incredible feeling that I was falling and did not know where I would land. The world as I knew it felt as though it were crumbling beneath me. So much seemed to be at steak. That day began my total obsession with political news. I wake to MSNBC, move to CNN, get a taste of FOX and listen to NPR in the car (the kids can no longer listen to their Radio Disney cd as we go to go to Chuck E. Cheeses). While I am doing things for my job, I can’t help myself… I have selected stocks on a constant stream. I go to bed with the peaceful voice of Keith Oberman lulling me off to a land where there are no numbers.


I had the privilege of having breakfast ( that turned into lunch and almost dinner) with my old college buddy Dr. Boyce Watkins today. Since he is a doctor, I thought that I would tell him about the psychological damage that is being caused by my obsession with political television news. Hey, he is a financial wizard, business professor, and doctor (to name only a few titles), so I thought that I would give him a chance at being a psychiatrist. I began by telling all of my sundry symptoms and how it was affecting my life. I could no longer watch SpongeBob with my kids. It was quickly discovered that they simply do not appreciate being manipulated into watching a fun filled episode of “Hardball” no matter how funny I tell them that Chris Matthews can be in the evening. Due to my addiction, I sit in the kitchen at the island during meals with the TV on instead of being at the kitchen table with everyone else. You just never know when some BREAKING NEWS might come on. Most of the conversation that I have with my husband have been surrounded by the new names that Obama is being called, what Palin did today (or what she is wearing), whether McCain has suffered another “senior” moment (you know that the day that he said “I couldn’t agree with him more…” at a rally was funnier than some of the SNL shows) and if Joe Biden was going to take his jacket off again and exclaim to his opponents “where I come from, you tell it to a guy’s face…”. This stuff can be better than any comedy show, scarier than any horror movie and have more cliff hangers than the best drama.


Back to the worst of them all…the stock market. The roller coaster is truly more terrifying than any Six Flags ride I have ever been on. The one and only question that Dr. Watkins asked was “why do you watch it so much?” All good therapists ask questions to make you figure out the answers to the problems yourself. I was totally stumped. To tell the honest truth, I have no idea what all of those numbers really mean. I did some research on all of the information and I might was well have been reading a foreign language. I am a social worker by profession and can only understand things by feeling. The only way that I can describe what the mean to me, is that it a financial gauge to understand how people are feeling. Do you know what I mean? There will be Breaking News that the Big Three auto companies are having trouble and the number falter. An hour later, someone will report that there might be yet another 100 KABILLION dollar AIG bailout and the number move again. A short time after someone says that the outlook on the futures of a favorable stock is positive and we end the day rallying. Although the day ends wonderfully, we have to wake up tomorrow and do it all over again…well, unless it is a weekend. On those two days I am in a coma. There was a time in my life that seems to far away that I used to take a break and relieve some stress. Now I sit and wait for the other side of the world to flip the lever on the financial roller coast once again.


As we listen to the frequently bleak financial and political news, we are all terrified of so many different things. These fears most times involve money and numbers. We are terrified of losing our homes, our stocks, our jobs, our savings…our minds!! Since Dr. Watkins and I are “talkers”, we spent more time discussing my issues and he nearly missed his plane flight. It was therapeutic simply to get it all out and ponder an escape. With that said, I have come to the realization that someone might need to unplug me, like Neo from The Matrix. Is it just me, or does anyone else feel as though they have entered another world…as if the life you had just over a month ago was a dream? So, until Morpheus comes along to pull me from the shell that I lie in, I will continue to tune in. However, I do promise that my girls will get pancakes or waffles each morning for breakfast and I will eat at the dinner table with my family…I will just turn the television up really loud. Is there a 12 step program for this?

Wednesday, November 5, 2008

Syracuse Prof Boyce Watkins Remarks on Barack Obama

I recall endorsing Barack Obama back when it was simply wishful thinking to hope for a Black President. During a CNN appearance over a year ago, I mentioned that his backing by Oprah Winfrey would change Obama from being “Hillary Clinton’s black baby brother” into a man who could run one of the most significant presidential campaigns in American history. This is one of the few times when I enjoy being able to say, “I told you so.”


President Obama is, quite simply, the Tiger Woods of American politics: another Black man of mixed heritage, who used the power of tremendous focus, creativity, intelligence and preparation to do the impossible. Like his counterpart Tiger Woods (who happens to be a Republican), Obama went into the domain of White males and dominated in ways that simply transcended his chosen field. Similar to the way that Tiger’s greatness attracted droves of fans that’d never cared much about golf, Obama brought in millions of voters who would never have cared much about a presidential election.


I am proud of Barack Obama for the way he ran his campaign. His choice of advisors and campaign strategy has changed the face of American politics for the next 100 years. He dismantled the “Death Star Clinton Regime” through the use of innovative, daring and powerful tactics, a sound choice of advisors and lots of good old fashioned intelligence.


I am proud of Barack Obama for liberating our minds. For the first time in quite a while, millions of Black boys had a chance to see an intelligent Black man consistently profiled in “mainstream” media. This man showed our kids that you can be a “balla” without dribbling a basketball and a major “playa” without being played. Greatness is not achieved with a football, a hand gun or a microphone; it is achieved with a textbook, a college diploma and a sound economic plan.
I was proud of Barack Obama long before he became our president. I don’t need validation from the rest of America to feel good about whom we are as a people. We were just as great, just as strong, and just as accomplished and just as meaningful on November 3 as we are right now. The presidential election is essentially a popularity contest which leads to uncomfortable tradeoffs and “deals with the devil” that reduce the glitter of addictive political gold. The respect I give Barack Obama for raising hundreds of millions of dollars to get access to the Whitehouse is matched by the respect I give Dr. Julianne Malveaux for raising tens of millions of dollars to educate young Black women at Bennett College. Being President of the United States is not what makes Barack Obama a great man: He is a great man because he is a great man.


I am proud of Barack Obama for marrying Michelle, who served as one of my primary reasons for trusting him. I have a hard time imagining a man who can sleep with Michelle Obama every night and not be influenced by her beautiful mind. Michelle Obama is not a “buppy” soccer mom, Stepford Wife, or wannabe Barbara Bush. Michelle is a super sharp and relentless “sister girl”, who demands the most of her African American husband. She makes the first family as beautiful as Barack Obama makes it strong.


I am proud of Barack Obama for his willingness to take his life and career into the lion’s den. He inherits a terrible economy, an unjust war, a sickening healthcare system and an educational system which cripples our children for life. Like the first Black football coaches in the NCAA, Obama has been granted the reigns of a team with a serious losing record. Furthermore, he must bend and twist to satisfy citizens of the same country that was naïve enough to consider mediocre characters like George Bush and Sarah Palin to possibly run our great nation. I sincerely wish Obama the best as he attacks these problems, and I hope that this brilliant Black man with the middle name “Hussein” can negotiate the balance between our quest for a better world and America’s consistent commitment to anti-intellectualism.


As proud as I am of President Obama, I am also proud of America for showing that it has the ability to choose the right person for the job, instead of the right WHITE person for the job. By choosing Obama, we have shown our capacity for fairness, and how much progress we’ve made to overcome some of our racial demons of the past. The easiest thing to do, however, is to think that having a Black president is going to change the lives of most Black people. The reality is that BLACK PEOPLE THEMSELVES is going to change the lives of Black people and if we do not embrace the power of financial independence and unity, we will simply remain perpetual socio-economic slaves in the domain of a new overseer. The same way America rolled back the political gains of the 1960s, the Washington-based rewards of the new millennium could be just as fleeting.


President Obama did his job, now it’s time for us to do ours. Good luck over the next 4 years.

Sunday, November 2, 2008

Boyce Watkins on The Wendy Williams Experience

Dr Boyce Watkins
www.BoyceWatkins.com

I had a relatively awkward experience this weekend during a trip to New York. I was invited to appear with my friend Wendy Williams, host of The Wendy Williams Experience. You never know where the conversation is going when it comes to Wendy, so you have to be prepared for anything. She is, however, one of the most professional hosts I work with, and her 11 million listeners give her the right to call herself the Queen of Urban Radio. She asked me why I parted ways with my ex-fiance (an amazing woman for whom I have tremendous respect), the election of Barack Obama, my feud with the socio-political terrorist known as Bill O'Reilly, the financial crisis and everything else.

Most interesting was that she asked me about DL Hughley's new CNN show, which I've been quite vocal about lately. I don't hate DL, but I feel strongly that the nature and structure of his new CNN show are quite problematic. My disappointment with DL began 2 years ago during the Don Imus scandal, during which he agreed (on Jay Leno) that the educated women on the Rutgers University Basketball team really WERE a "pack of nappy headed hoes."

Sorry DL, but that's not cool.

What made the situation on Wendy's show funniest, however, was the fact that DL was scheduled to be the next guest on the show after me! Wendy joked, "Dr Boyce, we have to get you out of here because if DL sees you, he might want to punch you in the face." But apparently DL doesn't realize that I am actually the second cousin of Muhammad Ali! I was hoping we would not have to take it to the street!

I thought I would see DL in the lobby, but he was not there yet. It was probably best that way, since I stand by every word. Cooning is cooning, and we don't need an Obama presidency reduced to a minstrel show. I encourage DL to be more responsible.

Respect to everyone reading. If you wish to listen to the show, the link is above and also at my personal blog: www.drboycespeaks.blogspot.com. Also, thousands of you are choosing to "get your money in line for 2009" by joining the Dr. Boyce Finance group for money advice. Please feel free to share this with your friends.

Boyce
www.BoyceWatkins.com