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Whether or not you believe the majority of our Congressional leaders are out of touch with the rest of the country, it does seem safe to say that their finances are:

From thehill.com

The wealthiest members of Congress grew richer in 2009 even as the economy struggled to recover from a deep recession.

The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill’s annual review of lawmakers’ financial disclosure forms.

Sen. John Kerry (D-Mass.) tops the list for the second year in a row. His minimum net worth was $188.6 million at the end of 2009, up by more than $20 million Read the rest of this entry »

In a recent excerpt from an article by the WSJ, Mr. Carl Schramm, President of the Kauffman Foundation, makes comments about investments in Minority Entrepreneurship:

Finally, the foundation goes out of its way to support minority entrepreneurship. Mr. Schramm doesn’t use any social-justice lingo to explain the program, but reverts to a kind of charming nerd-speak. He says that after a lot of analysis, Kauffman has found that there is “the greatest delta among black males.” In other words, for a given amount of entrepreneurial investment, Read the rest of this entry »

It’s a stretch, but some would argue that if funds were directed from programs that fight the drug war against marijuana to programs designed to promote job creation and entrepreneurship, we will be much better off. Of course, the premise behind this argument is that we won’t be worse off (some say minorities would be especially impacted) by allowing people to use cannabis at their leisure.

Certainly it is unwise to make any drastic decisions based on our desperation for economic growth, however, both sides do have interesting arguments.

What do you think?  Take our poll to the left.

A recent article by Reuters brought the issue to our attention:

In drug war, the beginning of the end?

Between 1971, when Richard Nixon launched the war on drugs, and 2008, the latest year for which official figures are available Read the rest of this entry »

A study, published in April of this year by The Georgetown Center for Business and Public Policy, gives interesting details on what may actually happen if Net Neutrality is implemented by the FCC.

In the study, researchers concluded that plans promoted by the FCC would have the opposite intended effect on broadband household penetration. The FCC would like broadband providers to invest heavily in infrastructure that would allow greater access to all Americans across the board, but especially amongst the lower levels of penetration within Hispanic and other minority communities. However, the increased costs that broadband providers will incur will be passed onto consumers, which will result in decreased market penetration for Hispanics, African-Americans, and others, according to the research. Read the rest of this entry »

New business formation is one of the most important economic and social activities for any society expecting economic gain and innovation. Research sponsored by the Ewing Marion Kauffman Foundation reveals that new business formation is widespread and involves all racial and ethnic groups. Following are highlights of two recent studies relevant to minority entrepreneurship, including The Entrepreneur Next Door: Characteristics of Individuals Starting Companies in America and Minorities and Venture Capital: a New Wave in American Business.

  • Entrepreneurship is a widespread activity in the United States. Participation is as common as getting married or the birth of a baby. About 6.2 in every 100 U.S. adults 18 years and older are engaged in trying to start new firms
  • Blacks are about 50 percent more likely to engage in start-up activities than whites. Hispanic men Read the rest of this entry »

The Harvard Business Review‘s take:

Most business executives likely have never come across the concept. Yet despite its limited reach to a small audience of policy wonks, President Obama made it a campaign issue in 2008, the Federal Communications Commission (FCC) is determined to make it the law, and industry analysts are concerned that its passage would undermine investment by Internet service providers (ISPs). A recent pact on the subject between Google and Verizon — the largest representatives on both sides of the debate — made the covers of the nation’s major newspapers this week. What’s the fuss over this thing called “net neutrality“?

At its core, net neutrality seeks to ensure that ISPs (like Verizon) do not advantage one content provider (like Google) over another (like Yahoo!). But instead of looking to the widely accepted and proven non-discrimination provisions in other areas of communications (such as cable programming), the FCC has crafted a brand new concept of non-discrimination. Read the rest of this entry »

http://bit.ly/b0737d

This video, as seen on YouTube, starts with a great example of an organization in Washington, D.C. called the Latino Economic Development Corporation, who helps assist Latino entrepreneurs to start their own businesses within Washington, D.C.

“44% of Hispanics chose self-employment because they needed flexibility to take care of dependents or other family obligations. . ” quotes the video.  The Executive Director of the organization continues, “What Latinos lack is Read the rest of this entry »

Read this article which  highlights the characteristics of the Puerto Rican Entrepreneur.  It was written in 1994, but is not outdated.

You will have to create an account and log in to see the whole article, but it is worth a read if you are studying the island’s entrepreneurial prospects: http://www.jstor.org/pss/25613237

Harvard University professors Edward Glaeser and William Kerr recently published an article detailing their long-standing research that contradicts the generally accepted notion that regional economic growth is highly correlated to the number of large employers.

The professors call the systematic approach of local governments offering economic incentives (usually in the form of tax breaks) to large, developed corporations “smokestack chasing.” However, in contrast to generally accepted political theory, their research proves that incentives for the creation or growth of a greater number of smaller or start-up firms is more attributable to regional economic growth. Read the rest of this entry »

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