Historically black colleges and
universities (HBCU) looking to raise money for major projects face higher fees
than their non-HBCU counterparts, according to research recently
published in the
Journal of Financial Economics. The financial premium is especially high for HBCUs in Alabama, Louisiana and Mississippi, the researchers find.
Historically black colleges and universities looking to raise money
for major projects face higher fees than their non-HBCU counterparts,
even when agencies that rate credit risk give HBCU-issued bonds their
highest scores, according to research recently published in the Journal of Financial Economics. There’s one big reason for the additional cost, according to the authors: racial discrimination.
Elles Houwelingon, January 21, 2019, New Historian Everyone has heard shocking stories about the transatlantic slave trade, but this was hardly the only type of slavery in which Europeans were engaged. The Pacific slave trade involved the forceful enslavement of Pacific islanders from the mid 19thcentury to the 20thcentury. This particular type of slavery is often referred to as “blackbirding”. The primary focus of “blackbirding” was to supply cheap labor to sugar-cane plantations on Pacific plantations, particularly in Queensland, Fiji, New Caledonia, and the Samoan Islands. This was mainly achieved through trickery and kidnapping. They were frequently deceived about the length of time for which they were “contracted” and the nature of their “contract”. If all this failed, the islanders were simply loaded onto slave ships at gunpoint. The captured islanders were collectively known as Kanakas, which means Person or Man in Hawaiian. These workers were essentially t
The truth about Jackson’s savagery was just as disturbing as the fake news. After a particularly bloody battle in 1814, Andrew Jackson’s men counted the dead Indians by cutting off their noses. They collected 557 noses. and... (this comment) Jackson ran an ad in the Nashville Gazette, in October, 1804, for the capture of a runaway slave, which stated that in addition to the reward, he would pay an extra $10 per 100 lashes (up to 300), to anyone who willing to inflict them upon his miscreant property. He was known to hold a vengeful lifetime grudge against anyone whom he felt had slighted him, regardless of how minor the supposed offense. His betrayal the Choctow tribe, whom he persuaded to become American allies over the British during the war of 1812, culminated in the “Indian Removal Act” (Trail of Tears), of which he took personal responsiblity to see implemented, resulted in the death of thousands of men, women and children. It’s no surprise that the current occupant of the Wh