Asked whether race appears to impose higher search costs on underwriters and bond traders for black colleges, Mayew responded saying these institutions find it “more difficult” for underwriters to sell bonds compared to PWIs.
“We had to rule out alternative explanations and rule in racism,” Mayew said in an interview. “To reap the largest benefit from the state tax breaks that accompany municipal bonds, investors tend to buy bonds that are issued in their own states. So if you’re a school in Louisiana, your investor audience is wealthy people in Louisiana. This allows us to better identify race effects. If race is making it more difficult to sell HBCU bonds, then we should see larger effects in states where there has historically been higher racial animus.”
Mayew also said that he and his colleagues “found HBCU issuance costs are about 20 percent higher than non-HBCUs” noting that black colleges in particular in the South (Louisiana, Alabama and Mississippi) “were paying underwriters three times more to place their bonds relative to HBCUs in other states.”
“Finding a solution is difficult because no one’s breaking the law,” Mayew said. “To make this go away, you have to make the search costs go down. One way to do that is to make the state tax benefit transferable, so schools can better attract buyers from other states. But that would require coordination and compromise among political leaders, which is difficult.”
We know Dutchess Lattimore as the southern spitfire who made her way into our homes via television on VH1’s Black Ink Crew. We’ve seen the ups and downs of her public relationship play out on our screens every Monday, and the obstacles she’s overcome on her road to becoming a well-known tattoo artist. What we unfortunately don’t get to see enough of, is what drives her when the cameras are off, and real life returns. Tattoo artist, entrepreneur, new business owner, and proud Aggie alum. Dutchess is so much more than the blocks of edited content given to the masses every season.
With two degrees in Marketing and Management from A&T, Dutchess says she went on to grad school, but after getting caught up in the art of tattooing and falling in love with it, she put her Masters on hold.
“When you have great powerful black leaders that have attended HBCUs in this country, that helps draw the attention back to that foundation. When I was coming up, it was amazing. Not just entertainers, but educators and politicians, just look at Alma Adams, she’s doing Amazing thing for this state [North Carolina,] and she comes from an HBCU.” Driving home her point that it’s time to change the narrative of HBCUs in mainstream media, Dutchess went ont on to finish. “Until we truly encourage people to share that part of themselves. Like look at me, I’m on a reality show on VH1, and a lot of people don’t even know I went to college, let alone an HBCU. It’s not because I’m not proud of it. I’m at every homecoming, I give back every chance I get, my brother is a student there right now so I’m constantly there. I wear my [school] paraphernalia, I’m always on my social media talking about how proud I am of my school, but the job I have with a major TV network, doesn’t deem that important enough for my story line, when that’s the greatest part of my life.”
Hampton, Va. – Hampton University alumna R. Denise Everson ’04 has been selected by the American Institute of Architects as the 2016 Associate of the Year based on her promotion of affordable housing. The American Institute of Architects has been a professional membership association for licensed architects, emerging professionals, and partners since 1857. Every year they select a partner who has upheld the association’s goals and mission.
Prairie View A&M athletic director Ashley Robinson announced that Ravon Justice was hired to be the next head coach of the Lady Panthers women’s basketball coach. She is the seventh head coach of the Lady Panthers since the start of the NCAA’s women’s basketball era in 1981.
The Talladega College Department of Education will host an education summit: Striving for Excellence from 9:30 to 11:30 a.m. April 21 in the Swayne Hall Auditorium.
Savannah-based author and poet Aberjhani said Vann knew how to connect with his surroundings.
Washington, DC, (April 14, 2016) Howard University President, Dr. Wayne A. I. Frederick, announced today that United States President, Barack H. Obama, will deliver the keynote address during Howard University’s 2016 commencement ceremony on Saturday, May 7, 2016. The President will address members of the Class of 2016 and their families, University trustees, officers, faculty, staff, and alumni. Howard University will confer upon the President an honorary degree, Doctor of Laws, the University’s highest honor.
“One of the things I’ve done with journalism and tying everything together and being an NABJ member, as a board member, I’ve began coordinating the 5K Run, because as people in journalism or any profession it’s important to get active, because being a journalist can be a stressful job,” explains Jones.
A new study reveals the top historically black colleges and universities (HBCUs) that give you the biggest bang for your buck.
Upon graduating from high school I found that I wanted to attend an HBCU for may reasons but most importantly wanting to gain an experience that I wouldn’t have at a PWI. Nothing against PWI’s because my parents and brother went to one but realistically my basketball scholarship was a key component in my ultimate decision. Nevertheless once I committed to Virginia Union University, just know I committed to it and it was no turning back. All I can remember was walking into my dorm and there was no central air conditioning and my basketball locker room was the size of my bathroom back at my parent’s house. Yet of course, I had to remind myself,” look Gab this is all apart of the HBCU experience, so make the best of it”. Although when I walked into the cafe I found myself in shocked at what they offered to their students on a daily basis.
