Entrepreneurship as a Cure for Violence

The Success Indicator

I-CAMP is a program to teach young people entrepreneurial skills such as computer programming. I-CAMP stands for Intrinsic, Community, Autonomy, Mastery and Purpose, which are fundamental elements for building wealth and health. According to Michelle Alexander, author of The New Jim Crow:

If you take into account prisoners, a large majority of African American men in some urban areas, like Chicago, have been labeled felons for life. These men are part of a growing undercaste — not class, caste – a group of people who are permanently relegated, by law, to an inferior second-class status. They can be denied the right to vote, automatically excluded from juries, and legally discriminated against in employment, housing, access to education, and public benefits — much as their grandparents and great-grandparents once were during the Jim Crow era.

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The ZinC HoPLo Lab

  • There are currently only 15 women CEOs of Fortune 500 companies this is less than 4%.
  • Women make up only 3% of clout executives of media, telecom and e-companies.
  • Women hold 17% of the seats in the House of Representatives.
  • Only 34 women have ever served as governors compared to 2319 men.
  • In 2011, women comprised 18% of all directors, executive producers, producers, writers, cinematographers, and editors working on the top 250 domestic grossing films.
  • Source: http://www.missrepresentation.org/about-us/resources/miss-representation-sources/

Queen Nzinga

Queen Nzinga

Queen Cleopatra

Queen Cleopatra pieced together from images on ancient artifacts by Egyptologist Sally Ann Ashton

ada_lovelace_2

Ada Lovelace

Rosa Parks

Rosa Parks with Martin Luther King, Jr. in 1955

Grace Hopper

Rear Admiral Grace Hopper

The  Nzinga Cleopatra Hopper Parks Lovelace (ZinC HoPLo) Lab looks to address gender inequity by teaching girls entrepreneurial skills and also that there is not just one way for a woman to become successful. The girls will start by learning the basics of computer science and programming in this unique course taught by David Evans and Terrance Jackson. In this course they will build a working search engine. Google is the most well-known and popular search engine. Continue reading

How to Get a Job Today

About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years.

More than half of all of African-Americans and other non-Hispanic blacks in [New York City] who were old enough to work had no job at all this year, according to an analysis of employment data compiled by the federal Labor Department.

Apple vs. Microsoft chart

The Power of Entrepreneurship to Create Value

Now consider that if you had invested $10,000 in Apple 10 years ago that investment would now be worth over $667,000. That is the power of entrepreneurship and there is no reason why you cannot tap into such power. Therefore, the best way to get a job today is to create your own job.

This past Sunday, there was a program at the Larchmont Village Center featuring Nassim Taleb promoting his new book Antifragile. In a Forbes article called “You Can’t Predict Who Will Change The World“, he wrote:

It is high time to recognize that we humans are far better at doing than understanding, and better at tinkering than inventing. But we don’t know it. We truly live under the illusion of order believing that planning and forecasting are possible. We are scared of the random, yet we live from its fruits.

So there is no reason why you cannot be the next person that will change the world, but maybe you are not quite ready to strike out on your own. With this in mind, Startup Westchester is developing an on-going series called “How to Get a Job Today.”  Continue reading

Getting More Scientists, Engineers and Entrepreneurs into Government

Thomas Jefferson said, “If the present Congress errs in too much talking, how can it be otherwise in a body to which the people send one hundred and fifty lawyers, whose trade it is to question everything, yield nothing, and talk by the hour? ”

In the 111th Congress:

TOTAL NUMBER OF LAWYER-LEGISLATORS IN THE SENATE: 54 out of 100 or 54%

TOTAL NUMBER OF LAWYER-LEGISLATORS IN THE HOUSE: 162 out of 441 or 36%

Many of our elected officials’ important duties involve running the economy, allocating resources and budgets, and analyzing policies based on their inputs and expected outcomes, yet lawyers have less experience at this than businessmen and economists (the next most common professions in politics). When it comes to deciding on whether to join a currency union, how to direct a trade negotiation, whether to cut taxes or how to design a social program, lawyers appear dangerously under-qualified compared businessmen and economists.

When we are confronted with the greatest crises in the world today – global warming, disease, energy scarcity – lawyers appear to be dangerously under-qualified compared to scientists, doctors and engineers. Lawyers tend to have little substantive expertise in any of these areas, and it is their skill at “politics” rather than “policy” that seems to have enabled their political success.

Decreasing the domination of politics by lawyers will mean that we have achieved some progress in reigning in the influence of money.

http://invisiblecollege.weblog.leidenuniv.nl/2008/01/25/why-are-so-many-politicians-lawyers/

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Let America Be America Again

America’s problem is not that it does not work like China. It is that it no longer works like America. ~ Richard McGregor

[T]his paper shows that without startups, there would be no net job growth in the U.S. economy. This fact is true on average, but also is true for all but seven years for which the United States has data going back to 1977…. Startups create an average of 3 million new jobs annually. All other ages of firms, including companies in their first full years of existence up to firms established two centuries ago, are net job destroyers, losing 1 million jobs net combined per year. ~ The Importance of Startups in Job Creation and Job Destruction by The Kauffman Foundation

http://www.kauffman.org/uploadedfiles/firm_formation_importance_of_startups.pdf

[A] critical aspect of improving the U.S. economy is actually improving the small business economy and making it easier to start a business and to grow small businesses.

http://techonomy.com/2012/09/techonomy-detroit-jack-dorsey-on-building-startups-and-becoming-mayor/

[A] magisterial study by Deloitte’s Center for the Edge… shows the rates of return on assets and on invested capital for 20,000 US firms from 1965 to 2011. It shows that “managerialism” has been steadily failing for the last half century.

Economy-wide Return on Invested Capital

The graphic shows that something has gone so terribly wrong with the US private sector—the supposed engine of economic growth and the supposed creators of jobs. When the best firms have rates of return on assets or on invested capital of, on average, just over one percent, we have a management catastrophe on our hands.

An ROA of just over one percent means that firms are dying faster and faster: the life expectancy of firms in the Fortune 500 is now less than fifteen years and declining rapidly. Continue reading