Hey, my business people. In today’s Affluent Blacks news report:
- An interracial couple goes on a $40 million shopping spree over 8 years courtesy of Yale University
- Ralph Lauren does a visually impressive tribute to Morehouse and Spelman College
- Dallas is the 4th most lucrative city for data center real estate and businesses: Could you run a data center for us by us?
From Dallas Business Journal: “Hyperscale hits North Texas: Region ranks 4th nationally for data center demand”
“The data center market came roaring back in the second half of last year – propelling the Dallas region to near the top of the country.
“North Texas climbed to No. 4 nationally last year from No. 10 as the region landed a more diverse lineup of customers, according to CBRE, the Dallas-based commercial real estate firm. A key part of that growing lineup is for what’s called “hyperscale” – think big global companies with a massive thirst for computing and storage – that snatched up space.
“The markets that remain ahead of the Dallas region include Northern Virginia, Atlanta and Phoenix.”
Now, brothas and sistas, notice those cities as we have ancestral land there…and pay attention to this last paragraph in this article:
“At Austin’s Digital Realty, demand for data services was strong across both 2020 and 2021, according to Corey Dyer, chief revenue officer. The data center reported record bookings for 2021 with over $500 million in new business.”
Now this is just one data center. If you recall my video from last year, I proposed that those of us with empty family land that’re not producing any income should explore the idea of converting your land to data center use, and either running it yourself (if qualified) or leasing it to a data center company like this one. This strategy would not only provide monthly revenue, but also position you to help our community host websites and social media platforms that would be far less dependent on the Big Tech companies. It will also give us a Black Wall Street 2.0 foundation in the cloud with resilience and security controlled by us for us. Think about it, and if you need a professional cloud computing consultant to help you explore the possibility of converting your family’s land into a potential data center, book a session with me and less take it from there.
From respected fashion house Ralph Lauren comes this visually appealing tribute to some venerable historically black colleges such as Morehouse and Spelman. It’s a very well put together, impressive portfolio of polished, stylish photos in vivid colors that you might find appealing.
And of course, since Ralph Lauren is in the business of providing impeccably styled clothing, they present a special collection for each school. I’ll mention a few quotes from their creative:
“Ralph Lauren for Morehouse and Spelman
“Ralph Lauren revisits a legacy of American collegiate style in partnership with Morehouse and Spelman Colleges, expanding the American narrative.
“The mission of Morehouse College is to develop men with disciplined minds who will lead lives of leadership and service.
“A private historically Black liberal arts college for men, Morehouse realizes this mission by emphasizing the intellectual and character development of its students, and upholds a special responsibility for teaching the history and culture of Black people.”
THE MOREHOUSE COLLECTION
Authentically inspired by vintage Morehouse sportswear and period tailoring from the early 20th century, down to the smallest details
“AN UNDAUNTED SPIRIT…SPELMAN
“Spelman College, a historically Black college and a global leader in the education of women of African descent, is dedicated to academic excellence in the liberal arts and sciences and the intellectual, creative, ethical, and leadership development of its students.
“Through diverse learning modalities, Spelman empowers the whole person to engage the many cultures of the world and inspires a commitment to positive social change.
“At Spelman, the highly anticipated white dress tradition marks students’ induction into the college and, in turn, their induction into a sacred sisterhood.”
I commend Ralph Lauren on this very nice tribute to Morehouse and Spelman. Now switching gears in a whole other, rather comical direction, an interracial couple robbed Yale University to the tune of over $40 million over an 8 year shopping spree period! Ooh wee…what the hell! The link is below if you want to read the whole article, but I’ll read a few excerpts:
“Yale School of Medicine administrator stole $40MILLION in computers and electronics from school to fund her lavish lifestyle that included supercars, multiple properties and European vacations”…lol dam she had no financial chill with Yale’s endowment money.
“Jamie Petrone-Codrington, 42, pleaded guilty to federal wire fraud and tax charges punishable by up to 23 years in prison” [Her name just had to be Petrone lol]
“Until her arrest last year, Petrone-Codrington worked as director of finance and administration at Yale University School of Medicine
“Court documents allege that over the course of eight years, Petrone-Codrington stole $40million worth of computers and electronics from the school
“Stolen property was sold to a out-of-state company, and Petrone-Codrington used the proceeds to buy four homes and six luxury cars”…which includes a top of the line Premium Cadillac Escalade. Daammmn.
How did she do it? This is where I want my fellow business people and executives to pay attention: Yale allowed her discretion to spend up to $10,000: “To cover up her crimes, Petrone-Codrington broke up the fraudulent purchases into orders below the $10,000 threshold that would require additional approval.” This is tough as executives often need to trust their direct reports to do the right thing. But I strongly advise that you audit ALL accounting ledgers quarterly or every 6 months. With modern, cloud based accounting systems making audits more cost effective, it’s time to consider more frequent reviews of managerial budgets and expenditures to catch dishonest employees earlier, before tens of millions of dollars disappear.
And that wraps up this report. Be sure to like, share and subscribe to help this channel grow. And if you want to advertise with us, we’re setting up a Patreon features to allow you to do that more efficiently. Until the next video, take care business warriors.