lhowell

Archive for November, 2007|Monthly archive page

Elephant Dung, Opium and The Hood

In Environment, mindset 3.0 on November 19, 2007 at 5:45 am

This is my last post for the week as I will be taking off for the holidays.  What’s important here is the innovation and the thinking that goes into the products shown on the video.  What’s more, these are people of color making this happen across the globe, the examples will take you from Los Angeles to Sri Lanka.

 My charge to all of you is to visit these some of these sites.  For the elephant dung paper, visit www.ecomaximus.com to see the process in action.  Or, visit www.buychange.com to make a purchase.  I will bring to you more opportunities for global innovators who don’t want handouts, but a chance to bring their products to the world. 

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The Real Wealth Gap is Worse than Imagined

In economy, mindset 3.0, Third World Business on November 15, 2007 at 3:57 am

Forty-five percent of black children whose parents were solidly middle class in 1968 — a stratum with a median income of $55,600 in inflation-adjusted dollars — grew up to be among the lowest fifth of the nation’s earners, with a median family income of $23,100.  Only 16 percent of whites experienced similar downward mobility. At the same time, 48 percent of black children whose parents were in an economic bracket with a median family income of $41,700 sank into the lowest income group.   To read the full story, click here.   Now, you think this is troubling, something even more compelling to consider and even more serious is the map below:

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The projected wealth of China in 2015 could mean it producing 27% of all the wealth in the world, if the economic trends established between 1975 and 2002 continue for another 13 years. In year 1 of the current era China produced 26% of the wealth in the world, but very slowly declined to generating only 5% of the world total in 1960.   One might ask, what has this got to with the issues and socio-economic problems here in D.C., Detroit or Houston?  A lot!

We continue to feed the insatiable appetite for more, more, more.  More clothes, purses, shoes, toys, you name it.  But here is the opportunity, and listen carefully especially the young people.  Leave home now.  Go work abroad and get some international experience.  You see it with young people from Asian countries like India, Europe and Africa.  Yet, most African-Americans born in the United States can’t imagine living in Dubai, making $200,000 a year tax free for five years.  Or doing a student exchange in Beijing for a year.  This is how we can close this gap.  We must get out of our comfort zone and Just Do It, instead of just buying it.

Green, Black and In Charge

In Africa, mindset 3.0, social-tainment on November 15, 2007 at 3:11 am

We’ve heard about the recent announcement of former Vice-President Al Gore joining the venerable venture capital firm Kleiner Perkins Caufield & Byers. However, there are a number of innovative companies that are led by people of color that you should know about. So, Stan O’Neal, if you want to do something relevant and interesting listen up and make the call. Here is one of my favorite picks:

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Their CEO is Tralance Addy, and they are based in Irvine, California. Here’s a brief description of what they do: WHI has unique and creative combination of break-through technology and innovative business models enables the delivery of highly affordable, clean water to even the most remote, low-income rural communities. Led by a team of international experts in science, technology, business and health, WaterHealth is redefining the way potable water is provided to the world’s under served populations. As I recall Jay-Z’s Water for Life series on MTV, I could only help but think about WHI and how they bring a solution. This is why I am always a little suspicious of these celebrity “causes” to be honest. Mr. Addy should be in the picture bringing his solution and get the much needed capital to expand and bring WHI’s technologies to market, while Jay-Z clears the path so to speak. The point is this: we have a great opportunity to participate in the global financial ecosystem, and to do something relevant it’s just not going to get you rich quick and it requires hard work. Check out the video.