Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for March, 2010

Austin Urban League CEO to Discuss State of Black America on Economic Perspectives April 5

Posted by Hopeton on March 31, 2010

Jeffrey Richard, President and CEO of the Austin Area Urban League will discuss the National Urban League’s report on the State of Black America on the April 5 edition of Economic Perspectives, 5:30 p.m. – 6 p.m. central time  on KAZI 88.7 FMListen live online at kazifm.org.  Enclosed below is an overview on the State of Black America report provided by the press office of the National Urban League.

Jeffrey Richard

With black unemployment numbers nearly double that of whites, the National Urban League’s State of Black America report shows that the ravages of the recession are impacting minorities much worse than the rest of the nation. The solution to this crisis is getting jobs to people in these communities and the Urban League is encouraging the nation’s leaders to act swiftly and support a $168 billion plan it has to generate jobs to make sure no one is left behind or left out of economic recovery efforts.

“These are tough times in America and they require a powerful and immediate response,” said Marc H. Morial, National Urban League president and CEO. “The government has bailed out Wall Street. It’s time to act swiftly and do something for Main Street, which includes a strong, focused jobs plan. There can be no true economic recovery in this country without addressing the dire jobs situation in urban America.”

The report coincides with the National Urban League’s Centennial initiative, “I AM EMPOWERED,” which includes a goal for the nation to achieve access for every American to a quality job with a living wage and good benefits by 2025.

For the first time the State of Black America report, which measures disparities between blacks and whites in areas of economics, education, health, civic engagement and social justice, includes a Hispanic index.  While they still lag behind, with an overall Equality Index of 75.5 percent, Hispanics are faring better than blacks, whose overall Equality Index was 71.8 percent.

Unemployment numbers in the report are most troubling.  Black unemployment was14.8 percent in 2009, compared to 8.5 percent for whites. Hispanic unemployment was 12.1 percent.  These numbers are significant as the lack of jobs means less opportunity for home ownership, less access to healthcare and fewer minorities engaging in post secondary education.  In many of the categories in the report, blacks either made no progress or lost ground.  Small gains made in median household income decreased in this year’s report falling to 62 percent from 65 percent. Less than half of black and Hispanic families owned homes and both were more than three times as likely as whites to live below the poverty line.  The report also shows a big difference in 2009 real median household income between whites and minorities. Real median income for whites was $34,218 for blacks, $37, 913 for Hispanics and $55,530 for whites.  In education, whites over the age of 25 were more than one and a half times as likely as blacks and two and a half times as likely as Hispanics to hold a bachelor’s degree.

“The recession eliminated any chances of making real progress over the last decade,” said Valerie Rawlston Wilson, vice president of research at the Urban League’s Policy Institute. “With a decade that has been defined by a record of zero net job growth, falling incomes and declining net worth, the State of Black America report accurately puts the focus on jobs as a solution to this crisis.”

The National Urban League proposes its Plan for Creating Jobs as a solution to the jobs crisis in urban communities.  It’s a comprehensive six-point plan to make a direct investment of $168 billion over two years to address the most urgent needs of American families in economic crisis by investing in direct job creation, job training for the chronically unemployed, greater access to credit for small businesses and additional counseling relief for those caught in the backlog of the foreclosure process. The plan also suggests tax incentives for clean energy equipment manufacturers who employ individuals in the targeted communities. More specifically the six points call for:  direct funding for job creation, expansion of the Small Business Administration’s Community Express Loan Program, creation of green empowerment zones, expansion of housing counselors nationwide, expansion of the Youth Summer Jobs Program and the creation of 100 urban job academies.

Experts and leaders offer further solutions to bringing jobs to urban America with insightful essays that focus on such topics as the importance of green jobs to economic recovery in minority communities, job opportunities through broadband access; job creation through small business assistance, job training through volunteering and education as a pathway to jobs with livable wages.  Authors include U.S. Secretary of Education Arne Duncan, U.S. Secretary of Labor Hilda Solis, Philadelphia Urban League President Patricia Coulter and Urban League Young Professionals President Barton Taylor.

The Plan for Creating Jobs is another initiative by the National Urban League in the year of its 100th anniversary to build on its legacy of bringing economic opportunity and equality to minority communities.  Through its nearly 100 affiliates, the Urban League continues to be successful in providing job training and job placement programs in communities across the country. The League has held a green jobs summit to prepare for the new green economy, met with President Obama and other civil rights leaders to discuss specific plans of action for the jobs crisis and launched the I AM EMPOWERED initiative. One of the goals of the Urban League’s I AM EMPOWERED initiative is that every American has a job with a livable wage and benefits by 2025.  At www.iamempowered.com people can take the I AM EMPOWERED pledge to commit to this and other goals in education, healthcare and housing.  They also can get information about jobs programs at local affiliates and through social mobilization technology engage in real time discussions with people all over the world about the jobs crisis and how to fix it.

“We are not a think tank or a talk tank but a do tank,” Morial said.  “As a civil rights organization we have always been about bringing economic opportunities to the communities that we serve. And as we celebrate 100 years of service we will remain steadfast in that commitment.”

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History of Corporate Strategy Focus of April 4 KAZI Book Review

Posted by Hopeton on March 31, 2010

Walter Kiechel, author of The Lords of Strategy, is the April 4 guest on KAZI Book Review, 12:30 p.m. – 1 p.m. central time on KAZI 88.7 FM.  Listen live online at kazifm.org.

The concept of corporate strategy developed in the 1960s as a new breed of “business intellectuals”—though they never would have called themselves that—begin to invent the frameworks for pulling together what a company needed to know about its costs, customers, and competitors. In his book Kiechel tells the story of these quirky, rebellious men and women, of the key ideas they pioneered, and the organizations they served (and in some cases created.)

In its final chapters The Lords of Strategy brings the history up to the moment, through ideas like time-based competition and core competency all the way to still-under-construction concepts of strategy as, ultimately—and paradoxically, given the prior neglect—based on people and their skills. The book ends with a look over the horizon, toward strategy’s future.

In recent years Kiechel has combined research on The Lords with occasional part-time jaunts as an editor at large for Harvard Business Publishing (HBP), helping the company in its perpetual quest for new ideas, authors, and business opportunities.

Until January, 2003, Kiechel served as editorial director of HBP and senior vice president in charge of its publishing division, with responsibility for the Harvard Business Review (HBR); Harvard Business School Press, the company’s book-publishing arm; the newsletter unit (which he helped start in 1996) as well as HBP’s video, reprints, and conference businesses. From early 1997 until his appointment as editorial director in March, 1998, he was publisher of HBR.

Kiechel spent most of his early career at Fortune magazine, where generally he had a wonderful time. After beginning at the magazine as a reporter in 1977, he rose to become its managing editor, the top editorial position, in 1994.

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Upcoming Interviews on KAZI Book Review & Economic Perspectives March 28 & 29

Posted by Hopeton on March 27, 2010

KAZI Book Review Sunday, March 28, 12:30 p.m. – 1 p.m.
Deborah Douglas, author of RIPE: Harvesting the Value of Your Business – Douglas will discuss how to position your company to sell it to a larger company for maximum profit.

Douglas is managing director of Douglas Group, one of the country’s most successful middle-market investment banking firms.  Douglas Group has successfully sold middle market companies for 17 years.  She began her career as an audit partner with Deloitte Touche, a major international CPA firm, where she became one of the first female partners in the firm’s history.  Douglas later headed Deloitte’s Midwest Merger and Acquisition Group.   She has served as President of the National Accounting Association and Chairman of the Missouri State Board of Accountancy, and served on the Missouri Society of CPA’s Executive Committee.

Economic Perspectives Monday, March 29, 5:30 p.m. – 6 p.m.
Ryan Robinson, Austin Demographer, City of Austin – Ryan will discuss the importance of the 2010 census and demographic trends in the Austin area.

Cecilia Estolano, Chief Strategist for Green for All – Estolano will discuss how investments in clean energy and cleantech can not only get America back to work, but create career ladders to the middle class for low-income communities and people of color.

Prior to joining Green For All, Ms. Estolano served as Chief Executive Officer (CEO) of the Community Redevelopment Agency of the City of Los Angeles.  (CRA/LA). With an annual budget of over $726 million and a work program covering 32 project areas throughout the City of Los Angeles, CRA/LA is the largest redevelopment agency in the State of California. As CEO, Ms. Estolano redefined the role of CRA/LA to encompass a broad mission of creating economic opportunity and improving the quality of life for current and future generations living in CRA/LA project areas.

Listen live online at kazifm.org

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Marketing, Management, and Keeping Job Focus of Economic Pespectives and KAZI Book Review

Posted by Hopeton on March 20, 2010

Economic Perspectives Guests: Jack Trout and Michelle Frith

March 22, 5:30 p.m. – 6 p.m. CST

Listen live at KAZI 88.7 FM in Austin or live online at kazifm.org.

Jack Trout, coauthor, Repositioning

Thirty years ago, Jack Trout and Al Ries published their classic bestseller, Positioning: The Battle for Your Mind—a book that revolutionized the world of marketing. But times have changed. Competition is fiercer. Consumers are savvier. Communications are faster. And once-successful companies are in crisis mode.

Repositioning shows you how to adapt, compete—and succeed—in today’s overcrowded marketplace. Global marketing expert Jack Trout has retooled his most effective positioning strategies—providing a must-have arsenal of proven marketing techniques specifically redesigned for our current climate. With Repositioning, you can conquer the “3 Cs” of business: Competition, Change, and Crisis . . .

  1. BEAT THE COMPETITION: Challenge your rivals, differentiate your product, increase your value, and stand out in the crowd.
  2. CHANGE WITH THE TIMES: Use the latest technologies, communications, and multimedia resources to connect with your consumers.
  3. MANAGE A CRISIS: Cope with everything from profi t losses and rising costs to bad press and PR nightmares.

Jack Trout is president of Trout & Partners, a worldwide marketing firm with headquarters in Connecticut and offices in 13 countries. With Al Ries, he coauthored the marketing classic Positioning and the bestsellers Marketing Warfare and The 22 Immutable Laws of Marketing. Trout’s books have been translated into 16 languages, including the BusinessWeek bestseller The New Positioning.

Michelle Frith, City of Austin Small Business Development Program

On the second segment of Economic Perspectives Michelle Frith of the City of Austin Small Business Development Program will discuss Getting Connected, a small business resource Expo being held on March 23, 3 p.m. – 7 p.m. at the Palmer Event Center, 900 Barton Springs Rd.  Exhibitors will include non-profit organizations, government programs and agencies, area chambers of commerce, and community development corporations whose mission is to help business owners succeed.

KAZI Book Review Guests (2 segments): David Axson and Larry Myler

March 21, 12:30 p.m. – 1 p.m. CST

Listen live at KAZI 88.7 FM in Austin or live online at kazifm.org.

David Axson, author, The Management Mythbuster

A humorous review of current management practice with a very serious message, The Management Mythbuster makes an entertaining case for questioning much of the conventional wisdom that pervades the corporate world today.

Through contrarian and provocative points of view, real world examples and deep analysis, author and management thought leader David Axson offers over a dozen short, pithy commentaries on the important issues in management today:

  • Short chapters on popular management practices, theories, tools and behaviors
  • A humorous review of current management practice, with an underlying serious message
  • The fallacies of conventional management wisdom revealed and refuted
  • Exposes the fallacies of standard management thinking

David A.J. Axson, author of Best Practices in Planning and Performance Management (Wiley), is President of the Sonax Group, a business advisory firm. He is a former head of corporate planning at Bank of America and was a cofounder of The Hackett Group. He is a sought-after speaker and writer on business strategy and management and is widely regarded as a thought leader in the industry.

Larry Myler, author, Indispensible by Monday

When trying to move ahead or even just keep a job, there are actions that would be of great advantage to any employee and there are strategies that are just plain stupid. Interestingly enough, the stupid strategies are used twice as frequently in corporate America. Indispensable By Monday goes beyond conventional wisdom to reveal and impart the skills and behaviors that any employee at any level of any organization can implement to bring substantial dollars to the company.

Author Larry Myler and organizational performance consulting firm VitalSmarts asked 1,800 corporate leaders to identify the bottom-line behaviors that would make employees essential to their organizations. Now, Myler distills what he learned for every employee and employer. Indispensable By Monday outlines the profit-producing behaviors that distinguish workers who add value from those who don’t, such as reducing company costs, increasing income, improving key processes, bringing back lost customers and more.

Larry Myler is the CEO of More or Less, Inc., a consulting firm specializing in profit enhancement through employee engagement. Previously, Larry was president of VitalSmarts, serving from 1992 to 2001. Myler, who holds an MBA (international emphasis), is a serial entrepreneur with six startups under his belt. Over the course of his thirty-year career, he has helped others improve their businesses by consulting and training for leadership teams and employees in the areas of interpersonal communication, profit enhancement, organizational efficiency, survey research, and more. Past clients include companies such as AT&T, Shell Oil, Lockheed Martin, and Ford Motor Company.

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Personal Finance & Selling to Corporate Executives Focus of April 26 Economic Perspectives

Posted by Hopeton on March 13, 2010

Economic Perspectives will feature two guests on the April 26 edition.  Christine Benz, author of 30-Minute Money Solutions, will be the guest on the first segment and Nicholas Read, author of Selling to the C-Suite will be the guest on the second segment.  Information on both guests is below. Listen live online at kazifm.org.

Christine Benz, author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances is the first guest for the April 26 edition of Economic Perspectives on KAZI 88.7 FM, 5:30 p.m. – 6 p.m. central time. 

In her book, Benz:

  • Lays out the tools to get organized, including setting up a system for tracking your money and important financial documents, setting financial goals, and developing a budget and financial plan
  • Shows you how to match the right investments to your goals, whether you’re just making your first investment or have an established portfolio of securities, using time-tested investment strategies and Morningstar insights
  • Coaches you on tackling other important tasks for a healthy financial life, such as estate planning and managing your taxes

Christine Benz is Director of Personal Finance for Morningstar. She is also editor of the monthly newsletter Morningstar® PracticalFinance and writes a weekly column on Morningstar’s popular Web site, Morningstar.com. Benz is coauthor of Morningstar® Guide to Mutual Funds: 5-Star Strategies for Success and is author of the book’s second edition. Before assuming her current role in 2008, Benz served as Morningstar’s director of mutual fund analysis. She has also served as editor of Morningstar® FundInvestor, a monthly newsletter for individual investors.

Nicholas Read, co-author of Selling to the C-Suite, is the guest on the 2nd segment of the April 26 edition of Economic Perspectives on KAZI 88.7 FM.

Selling to the C-Suite is based on the result of a 10-year global study by Read and his co-author, Stephen Bistritz, to learn how executives get involved in the corporate buying cycle, and what salespeople need to do to become trusted advisors at that level.  With 60 years combined experience selling to corporations around the world, Read and Bistritz conducted in-depth interviews with executive-level decision makers of more than 500 organizations. One of the key things they learned might surprise you: Leaders at the highest corporate levels don’t avoid sales pitches; in fact, they welcome them – provided the salesperson approaches them the right way. Inside this invaluable book, these CEOs reveal exactly which sales techniques they react best to, as well as those you should avoid.

Read is president of SalesLabs, which helps companies drive predictable and repeatable revenue growth through the application of improved process, measurement, and skills. In 2005, he was awarded Winner of the Best Sales Trainer category in the International Business Awards, an annual awards show that has been dubbed “the business world’s own Oscars” by the New York Post.

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Founding President of National Association of Black Accountants March 8 Guest on Economic Perspectives

Posted by Hopeton on March 5, 2010

Frank Ross, one of the 9 founders of the National Association of Black Accountants (NABA) and its first president was the March 8 guest on Economic Perspectives, 5:30 p.m. – 6 p.m. on KAZI 88.7 FM in Austin, Texas.  To downlaod or listen to the interview click: Frank Ross Interview.

Ross, who is being honored as an African American Economic Trailblazer by Economic Perspectives, will shares his career experiences as a pioneering certified public accountant (CPA).  When Ross and 8 other accountants founded NABA in December of 1969, there were only 136 African American CPAs out of a total of 100,000.

Ross was the first African American partner at Peat Marwick (known as KPMG today) and also was the the first African American to serve on the board of directors of KPMG US.  After 38 years at KPMG including service as Midatlantic Area Managing Partner for Audit and Risk Advisory Services, he retired in December of 2003.  Since  2004 he has served as the Director of the Center for Accounting Education at the Howard University School of Business.  In addition Ross has been a Visiting Professor of Accounting at Howard University since 1982.

Ross has also written a book about his life as an immigrant and successful CPA , Quiet Guys Can Do Great Things, Too: A Black Accountant’s Success Story. The book, which features a foreword written by Time Warner Inc. former Chairman and CEO Richard Parsons, is a classic and triumphant American tale; a parable of how one man’s awe and inspiration at life’s possibilities was not thwarted or halted by the darker realities of racism, segregation and discrimination. All proceeds from the sale of the book are earmarked for scholarships for accounting students.

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Using Existing Customers to Gain New Ones Focus of March 7 Interview

Posted by Hopeton on March 5, 2010

Listen to the interview with Joseph Jaffe, author of Flip the Funnel: How to Use Existing Customers to Gain New Ones, from his guest appearance on KAZI Book Review on Sunday, March 7, by clicking here: Joseph Jaffe Interview.

Using his new “flipped funnel” model, together with a set of new rules of customer service and a customer referral and activation process, the book focuses on how to transform existing customers into salespeople for your company.  In addition, Jaffe explains how to best introduce and combine both digital and social media tools to boost your loyalty arsenal, deploy “influencer marketing” and implement word-of-mouth strategies that inspire your loyal, opinionated, and most vocal customers to become credible, persuasive, and influential endorsers of your products and services.

Jaffe is Chief Interruptor of Powered, a full-service social media agency that plans, builds and activates measurable and enduring experiences between brands, their customers and their online communities.  He is also the author of “Life After The 30-Second Spot: Energize Your Brand With A Bold Mix Of Alternatives To Traditional Advertising” and “Join the Conversation: How to Engage Marketing-Weary Consumers with the Power of Community, Dialogue and Partnership.”

Previously, Jaffe founded and ran a strategic consulting practice called crayon, which was recently acquired by Powered. crayon’s clients included The Coca-Cola Company, Panasonic, Kraft Foods and H&R Block.  Jaffe is a Senior Fellow at the Center for the Digital Future at the USC Annenberg School, as well as the Society for New Communications Research.

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