Monday, December 20, 2021

Sharon Bowen becomes first black woman to chair New York Stock Exchange board

Sharon Bowen was named Monday as chair of the New York Stock Exchange, its parent company announced, becoming the first Black woman to hold the role at the Wall Street fixture.

Bowen, who is already a member of the boards of ICE and the NYSE, served from 2014 to 2017 as a commissioner at the Commodity Futures Trading Commission overseeing futures markets.

In 2010, then-president Barack Obama named her to a vice-chair of the body regulating US broker-dealers, the Securities Investor Protection Corporation.

Bowen also worked for three decades as a partner and associate in law firms, specializing in business law.

With 2,400 listed companies and a combined capitalization of $36 trillion, the NYSE, located in New York’s Lower Manhattan business district, bills itself as the world’s largest stock exchange.

President Biden selects Tennessee State University's President Glover as HBCU advisory board’s vice-chair

With a firm grip on the achievements of historically Black colleges and universities (HBCUs) amid continuous challenges, including limited resources, Tennessee State University President Dr. Glenda Glover has agreed to serve as vice-chair of President Joe Biden’s HBCU advisory board.

The president’s office announced Dr. Glover’s appointment last week.

The board is crafted to advance the goal of the HBCU Initiative established by the Carter administration – to increase the capacity of HBCUs to provide the highest-quality education to their students and continue serving as engines of opportunity.

The eighth President of Tennessee State University (TSU), a position she has held since January 2013, Dr. Glover in October testified before a congressional committee regarding continued congressional support for HBCUs.

Appearing before the House Education and Labor Committee’s Higher Education and Workforce Investment Subcommittee, Glover, who is from Memphis, testified during a hearing dubbed “Homecoming: The Historical Roots and Continued Contributions of Historically Black Colleges and Universities (HBCUs).” She was among the witnesses who stressed to committee members the importance of HBCUs and the economic necessity for continued financial support of them.

“HBCUs have changed the college landscape and have achieved in spite of the continuous challenges and limited resources,” testified Glover, who also is the international president and CEO of Alpha Kappa Alpha Sorority Incorporated.

“HBCUs have consistently had to do more with less…The Build Back Better Act is a game-changer. It reflects the Biden administration’s understanding of investing in HBCUs.”

Through the American Rescue Plan and by forgiving the capital improvement debt of many HBCUs, the Biden-Harris administration has already committed more than $4 billion in support. Re-establishing the White House HBCU Initiative – and placing strong leadership at the head of the Board – is the administration’s move to build on that financial commitment with continued institutional support.

During her congressional testimony, Glover thanked lawmakers for legislation that provided financial support amid the COVID-19 pandemic, particularly to HBCUs, but she said more was needed.

“The emergency funding was significant because it assisted students as they faced this sudden crisis. Today, we ask you to continue that financial support of HBCUs, not just on the emergency basis as the CARES Act and other emergency funding has done in the past. We ask you to assist HBCUs as they seek to grow, develop, become more competitive and sustainable for years to come.”

She outlined three specific areas that HBCUs need funding: infrastructure and deferred maintenance, technology, new academic programs and research.

TSU, which has received the Carnegie R2 “high research activity” designation, set a school record with nearly $71 million in research in 2020 during the pandemic.

Through her work as international president of AKA, Glover spearheaded a fundraising campaign to raise $1 million in one day for HBCUs. The goal has been exceeded for four consecutive years and culminated in $2.5 million this past September. The massive fundraising effort led to endowments at each of the 96 four-year HBCUs, including her alma mater, TSU.

A mathematics major at TSU, Glover earned a Master of Business Administration degree from Clark Atlanta University before completing her doctorate in business from George Washington University, where she also completed her law degree.

A certified public accountant, Glover is one of only three African-American women to hold the Ph. D-CPA-JD combination in the United States.

[SOURCE: TSD]

Sunday, December 19, 2021

Sen. Cory Booker tests positive for COVID-19

U.S. Senator Cory Booker said on Sunday they that he tested positive for COVID-19 and was experiencing mild symptoms amid a nationwide surge in coronavirus cases.

Booker, 52, a New Jersey Democrat, said on Twitter he had learned Sunday of his positive test "after first feeling symptoms on Saturday." He added he had "relatively mild" symptoms and recently had received a vaccine booster. "I’m certain that without them I would be doing much worse," he said.

Booker released the following statement via Twitter:

Dr. Bernice King delivers message about commerating the MLK Holiday and voting rights

Dr. Bernice King, the King Center CEO and daughter of Martin Luther King, Jr., offered an explanation of the center's and her family's plans for the MLK Day holiday in 2022 after her brother, Martin Luther King III indicated this week they would not formally celebrate it unless voting rights bills pass in Congress.

In a video message posted to social media, Bernice King said she stands in solidarity with her brother, Martin Luther King III, in "calling our nation's attention to securing and protecting the most sacred right of our democracy, which is the right to vote."

South Carolina State Wins Celebration Bowl To Become HBCU National Champion

Deion Sanders and his Jackson State Tigers were favored to win the Celebration Bowl. Unfortunately for JSU South Carolina State Coach Oliver "Buddy" Fields and his Bulldogs had other ideas.

South Carolina State QB, Cory Fields Jr. threw for four touchdowns, three to Shaquan Davis, and South Carolina State stunned Jackson State 31-10 on Saturday in a game for the national championship of historically Black colleges and universities.