Tuesday, March 31, 2009

Dr. Boyce Watkins: NCAA Hypocrisy Shows It’s Ugly Head….Again


Sources says that John Calipari from U. Memphis is close to inking a 6-year, $40 Million dollar contract to sign with the University of Kentucky.  Not only does this contract steam me because Kentucky is my alma mater, but it is indescribably unethical for a professional sports league like the NCAA to spend this kind of money and then simultaneously claim that it cannot afford to share revenues with the families of basketball and football players.

I love when these deals are signed, since it reminds the public of just how hypocritical the NCAA happens to be.

There story is here.

Sunday, March 29, 2009

Bill O’Reilly Loses a Major Corporate Sponsor

After the national protests by YourBlackWorld.com, ThinkProgress.org and ColorofChange.org, UPS is finally getting the point.  Recently, the company sent out an email stating that they are no longer going to advertise on The O’Reilly Factor. 

Bill O’Reilly harassed Dr. Boyce Watkins last year in an effort to have him fired from Syracuse University for speaking against his racism during the Obama Campaign.  Watkins had also called for a boycott of Bill O’Reilly’s corporate sponsors.  Keith Olbermann later supported Watkins, stating that O’Reilly’s attacks were unwarranted and that everything that Watkins said was true.

Read the email below:

Thank you for sending an e-mail expressing concern about UPS advertising during the Bill O’Reilly show on FOX News. We do consider such comments as we review ad placement decisions which involve a variety of news, entertainment and sports programming. At this time, we have no plans to continue advertising during this show.

Saturday, March 28, 2009

Black News: Black History Loses a Major Soldier


John Hope Franklin, one of the most prolific and well-respected chroniclers of America’s torturous racial odyssey, died of congestive heart failure Wednesday in a Durham, N.C., hospital. He was 94.

It was more than Franklin’s voluminous writings that cemented his reputation among academics, politicians and civil rights figures as an inestimable historian. It was the reality that Franklin, a black man, had seen racial horrors up close and thus was able to give his academic work a stinging ballast. Franklin was a young boy when his family lost everything in the Tulsa race riot of 1921. The violence was precipitated by reports that a black youth assaulted a white teenage girl in a downtown elevator. In the end more than 40 people died, mostly blacks, although some reports put the death total much higher.

Franklin was among the first black scholars to earn prominent posts at America’s top — and predominantly white — universities. His research and his personal success helped pave the way both for other blacks and for the field of black studies, which began to blossom on American campuses in the 1960s.


Click to read.

Baltimore Sun Times – Dr. Boyce argues for NCAA Reform

The voice on the other end of the phone is passionate, and he’s becoming more passionate by the second. His words grow louder and they fly out faster.

“I grew up in the streets,” he says. “I’ve seen pimps in action. I look at the NCAA and I say, ’Wow, these guys would make excellent street pimps.' What they say -- and I mean this in all seriousness - is what a street pimp would say to a prostitute.”

This isn’t some radio shock jock speaking. Dr. Boyce Watkins is an assistant professor of finance at Syracuse University. He’s in town tonight, delivering a lecture at Loyola College titled, “The Business of College Sports: Is the NCAA Playing Fairly?”

I ask him to explain tonight’s message a bit.

“The model under which the NCAA currently operates was designed without excessive commercialization in mind,” Watkins explains. “Since that time, you see where this amateur sports organization has become effectively a professional sports league that refuses to pay its employees.”

Ahhh, one of those you’re thinking. Kick sports off campus! Tear down the arenas! Set flames to the football field!

But Watkins insists he isn’t against college sports. In fact, he loves them. So I feel a bit better. See, March always brings about conflicted emotions. I love filling out the brackets and love following the tournaments -- even though there’s an undercurrent of hypocrisy, unfairness and disparity that fuels the whole show.

I admit: For me, there’s a sense of guilt.

The NCAA is in the middle of an 11-year, $6 billion contract with CBS to broadcast tournament games. Coaches on the sidelines make seven figures a year, even though no one’s tuning in because they want to see what color tie John Calipari’s wearing. And shoe companies are pouring money into universities across the country by the truckload -- but the kids who have to wear the shoes don’t see a dime of it.

Click to read.

Thursday, March 26, 2009

Genma Holmes: Roland Martin’s Interview with Ben Jealous

Roland Martin, political correspondent for CNN and The Tom Joyner Morning Show, interviewed NAACP's CEO Ben Jealous about the law suit against Wells Fargo and several other banks for institutionalized racism. Mr. Jealous addressed the records that banks must make public about their lending ratios. Jealous stated that many of the blacks applicants were put in subprime loans that actually qualified for conventional loans. Jealous also stated that African American were target specifically for this type of discriminatory practices.

I read the lawsuit several times prior to my posting several weeks ago but I thought it would be interesting to pull out several key points of the lawsuit to further expand on my original post.
The suit states:

5. Wells Faro Bank, N.A. and Wells Fargo Home Mortgage, Inc target the African American community by capitalizing on their relative lack of experience in dealing with banking institutions and mortgage loans. Upon information and belief, Wells Fargo Bank, N.A. and Wells Fargo Home Mortgage, Inc. are aware of the African American Community's susceptibility to predatory lending practices, but nonetheless engage in policies and procedures that they know will result in African Americans being steered toward less favorable loans.
6. Indeed, in 2006, the Center for Responsible Lending, a non-profit research organization, found that even when income and credit risk were accounted for, African American were still 31% to 34% more likely to receive higher rate subprime loans, and that the disparities between them and Caucasians with the same risk factors were "large and statistically significant."

These particular points intrigued me more so than others in light of recent charge to hold folks Accountable by Tavis Smiley. Again this is not a personal attack of Tavis, only a charge to him to do his research and get back to the community that he often admonishes to educate ourselves on the issues, to know all the facts, and to dig deeper in our pursuit of being empowered.
Section 11. states The NAACP brings this class action lawsuit seeking declaratory and injuctive relief based upon the Fair Housing Act, Equal Credit Opportunity Act, and the Civil Rights Act.

Click to read.

Wednesday, March 25, 2009

Dr Boyce Watkins wages Campaign for NCAA Reform

Here is the schedule for coming media appearances related to the call for NCAA reform by Dr. Boyce Watkins, Finance Professor at Syracuse University.

Boyce Watkins to discuss NCAA and Black athletes on WBCP Radio, Champagne, IL - 3/27/09

Boyce Watkins to appear on Gtown Radio - 3/26/09

Dr. Boyce on NPR to discuss NCAA - 3/26/09

Dr. Watkins to appear on XM Satellite Radio - 3/27/09

Dr Boyce in the Baltimore Sun-Times - 3/25/09

Dr. Boyce discusses the NCAA at Loyola College in Maryland - 3/24/09

Monday, March 9, 2009

Obama’s Fear Language Might Kill the Economy

By Dr. Boyce Watkins


Let’s be clear: This recession has become President Barack Obama’s personal War on Terror. Like the War on Terror, the enemy is evasive, the challenge is global, international cooperation is necessary, and the battle is unlike any other in our nation’s history. Wars are good for political business: when people get scared, politicians get a blank check to fulfill their legislative agenda. After 9/11, President Bush used fear to get the entire nation to sign onto the Patriot Act, and years later, we are wondering if someone is going to tap our cell phones and illegally imprison us for not eating our Freedom Fries. Bad legislation is like an STD: you can pick it up with a snap decision, but you pay the price for the next 20 years.

Click to read more.


Dr Boyce Tells CNN that Chris Brown is Not a Monster

Click the image to watch the video.  In this clip, Dr. Boyce Watkins appears on CNN to say that “Chris Brown is not a monster”. 

Saturday, March 7, 2009

Dr Boyce and Madeline Talk Chris Brown, Octomom

Boyce Watkins Talks Black Money with Essence Magazine

Dr Boyce Watkins, Finance Professor at Syracuse University, appears in the March issue of Essence Magazine to discuss money and investing in light of the 2009 Financial Crisis.

Dr. Watkins is one of the world’s leading experts in Finance and was the only African American in the world to earn a PhD in Finance during the year 2002.  For more information, please visit www.BoyceWatkins.com.

Dr Watkins has been in Essence Magazine many times in the past, particularly due to his popular book, “Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good.”