The Dr Boyce Breakdown

Summer Walker and Meek Mill appear to have horrible contracts - what happened?   Today on The Black Financial Channel, I am going to speak about the horrific contracts of superstars Summer Walker and Meek Mill.   I read a long Rolling Stone article about the contracts and find it quite interesting that across generations, black artists have run into the same problems.    As a person who has taught finance for a very long time, I find it odd that this narrative keeps coming up, especially when there are artists like @dee1music who actually LEFT their record labels to become economically prosperous in an independent way.   We won't just talk about the poor economic terms of the contracts, we will also discuss varioius aspects of economic theory, just as ex-post vs ex-ante analysis and what this means in the world of music, contracts and negotiation.

Joe Biden and the Democrats finally got an infrastructure bill passed, and it means a lot to your stock portfolio. 

Today I spoke about HBCUs and why many of them are struggling.  This is important for those who care about Historically Black Colleges and Universities. 

Today we discuss Why the music industry promotes the killing of black people.  I find it interesting that you can't make derogatory music about any other group of people, but you can market that music when it references black people.  

Donald Trump announces new social media platform 

I spoke today about the decision by Paypal to purchase Pinterest.  This deal just doesn't make any sense. 

Bitcoin just hit an amazing new record high of $65,000.  This is a VERY BIG deal, as the cryptocurrency has been going through a rough year.  It's taken several months to get back to where it was before, and it appears that Bitcoin is on it's way in the journey to $100,000.   According to CNBC, this move by bitcoin is huge for investors:   Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund.  The world’s largest cryptocurrency climbed about 3% to $66,024.99 by 10:10 a.m. ET, topping a previous record of $64,899 set in mid-April.  Bullish comments from a legendary trader also boosted sentiment. Billionaire investor Paul Tudor Jones called crypto his preferred inflation hedge over gold.  “Bitcoin would be a great hedge. Crypto would be a great hedge,” Jones told CNBC’s “Squawk Box” on Wednesday. “There’s a plan in place for crypto and clearly it’s winning the race against gold at the moment ... I would think that would also be in very good inflation hedge. It would be my preferred one over gold at the moment.”  Ethereum also rose more than 4% to cross back over the $4,000 level. The world’s second largest cryptocurrency traded at $4,005.91, approaching its all-time intraday high of 4,380 in May.  The ProShares Bitcoin Strategy ETF, which tracks bitcoin futures contracts speculating on the future price of the cryptocurrency, rose nearly 5% on its first day of trading Tuesday.  Not everyone in the crypto market was impressed. Several bitcoin investors want an ETF that tracks spot prices rather than futures.  Novice investors have had to get to grips with terms like “contango,” where the futures price of a commodity is higher than its spot price, and “backwardation,” which is essentially the opposite.  Here's the definition of bitcoin, according to Investopedia:   What Is Bitcoin? Bitcoin is a decentralized digital currency created in January 2009. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and, unlike government-issued currencies, it is operated by a decentralized authority.   Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to (although each record is encrypted). All bitcoin transactions are verified by a massive amount of computing power via a process known as "mining." Bitcoin is not issued or backed by any banks or governments, nor is an individual bitcoin valuable as a commodity. Despite it not being legal tender in most parts of the world, bitcoin is very popular and has triggered the launch of hundreds of other cryptocurrencies, collectively referred to as altcoins. Bitcoin is commonly abbreviated as "BTC" when traded.  #Bitcoin #BitcoinPrice #BitcoinPrediction #DrBoyceWatkins Dr Boyce Watkins is a PhD in Finance.  You can learn more by visiting http://BoyceWatkins.com.  #BlackWealth

Today I talk about the late Colin Powell, who just died at the age of 84.  I speak about Colin's legacy and what he means to black people. 

Chappelle made his film debut at the age of twenty in the 1993 Mel Brooks comedy Robin Hood: Men in Tights. Chappelle then took other film roles (including a small part in the Eddie Murphy-starring feature film The Nutty Professor in 1996, and co-writing and starring in stoner film Half Baked in 1998) and attempted several failed television pilots before launching his own series, Chappelle's Show on Comedy Central in 2003. The show was wildly popular and ran for two successful seasons and was nominated for two Emmy Awards before Chappelle abruptly left during production of the third season, though Comedy Central later aired the episodes created without him. Chappelle cited the fact that he did not like the direction the show was going, that he was overworked with 20-hour workdays, and did not have time to devote to his stand-up career as reasons for leaving. Walking away from the show meant the cancellation of a $50 million dollar contract with Comedy Central.  Dr Boyce Watkins is a Finance PhD and founder of The Black Business School.  You can obtain a free ecopy of Dr Watkins book by visiting http://BoyceWatkins.com.  You can learn more about The Black Business School by visiting http://TheBlackBusinessSchool.com.

Lizzo, Meek Mill, and black women stereotypes Are on our mind today for today’s pillow talk with Dr. Boyce and Dr. Alicia Watkins.  Dr. Alicia happens to be an expert in the subconscious mind, as well as traditional stereotypes that are held of black women.  So today, we will talk about the interesting outfit that Lizzo wore to the Cardi B party and whether or not this is an empowering image of black women or an image that is degrading.  Rapper Meek Mill also received some pushback for an album cover that some considered to be derogatory toward black women.  The response that we both saw online was that a black woman had actually done the painting for Meek Mills album cover, but we wonder if this is enough of a reason to allow any image of black women to be put on the side of a bus.  Dr. Boyce Watkins is a finance PhD and founder of the black business school.  Dr. Alicia Watkins is a full professor of social work and a licensed therapist.  To learn more about Dr. Alicia, please visit Http://CoachingWithDrAlicia.com.  To learn more about Dr. Boyce, please visit http://BoyceWatkins.com.