Innovation in America, improving Medicine and the Economy. By Doug Schoen

Take green jobs. In the near future, alternative energy technologies — like wind turbines and nuclear power — could emerge as viable competitors to coal, oil, and natural gas. These industries will need plenty of workers.

Another sector that’s poised to take off is biotechnology. Between 2008 and 2009, the industry’s income jumped ninefold — from $400 million to $3.7 billion. The venture capital raised by American biotech companies hit $4.6 billion last year. And biotech firms themselves invested nearly $45 billion in U.S.-based research projects last year.

Obama’s economic recovery solution requires revolutionary technological innovations. By Blaize Kaduru

By BLAIZE KADURU, Chief  Economist of USAfrica multimedia networks and CLASSmagazine, Houston. Houston, July 1, 2010: First of all, let me stipulate my main point: the Obama stimulus package is bound to fail if nothing profoundly new is developed from a technology stand-point, to take advantage of key areas of needs that can only be filled [...]

Protected: Utilizing experts in Nigerian governments: the examples of Nnaji and Egbogah

There is no excerpt because this is a protected post.

Continental to launch first daily African service Houston-Lagos flights

Continental to launch first daily African service Houston-Lagos flights Special to USAfrica and CLASSmagazine, Houston Continental Airlines yesterday said it plans to start daily 787 flights between Houston Intercontinental and Lagos on Nov. 10, 2011, launching what would be its first-ever service to Africa. The flights, which also would be the first daily scheduled service [...]

MoneyGram expands outlets into Nigeria with First Bank deal, and low transfer fees

MoneyGram expands outlets into Nigeria with First Bank deal, and low transfer fees Special to USAfricaonline.com, CLASSmagazine and Nigeria360 e-group (powered by USAfrica) USAfricaNEWSwire:  MoneyGram has announced today June 9, 2010, that it has signed an agreement with Nigeria’s oldest bank, the First Bank, to enhance the money transfer corporation’s outlets by almost 500 national [...]

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna deputy Gov.

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna State deputy Governor. Special to USAfricaonline.com and CLASSmagazine, Houston. Abuja, Nigeria – Officials say the new managing director of Nigeria’s state oil company has been fired. A spokesman for President Goodluck Jonathan said Monday that Nigerian National Petroleum Corp. director Shehu Ladan had been removed from his [...]

With Kase Lawal’s CAMAC Energy acquisition of Pacific Asia Petroleum, history grows with listing of African-led corporation on NYSE

By CHIDO NWANGWU. On this day of accomplishment and fulfillment for CAMAC on April 7, Dr. Lawal’s robust and vibrant vision of trading between Cameroon and America (camac) was yielding fruits from foundational seeds sown, nurtured and expanded since 25 years ago.

It was worth more than the aggregates of money for in his march to yet another historic business landmark: the listing of the largest U.S-based, African-led corporation on the highly-valued New York Stock Exchange (NYSE) Amex platform.

American middle-class, citizens are casualties of this partisan war on Healthcare 

American middle-class, citizens are casualties of this partisan war on Healthcare By Rev. Nick Clayton Special to USAfricaonline.com and CLASSmagazine The most heated issue in The U.S. Congress and the U.S. Senate these days can easily be determined by the least most politically intelligent members of our society.  It’s no secret that the Healthcare Reform [...]

Bombs explode in Warri, Nigeria; militants step up threats

Two (persons) were injured and windows were blown out of the meeting room in an attack that was heard on live TV. The Movement for the Emancipation of the Niger Delta, or MEND, warned that the bombings in Warri are part of a new wave of attacks coming to Delta state, which remains deeply impoverished despite its oil wealth.

Obama health care summit reveals why he should not count on Republicans

As Frank Annunzio, a shrewd former Democratic member of Congress from Chicago – reflecting on how Congress really works – once observed: “All the matters here is the votes. Everything else is [baloney].”

Right now, Obama and the Democrats should be concerning themselves solely with cobbling together bare majorities in both houses to achieve final passage.

Odinga: Kenya plans $1billion in first bond

Kenya has a credit rating of B from Standard & Poor’s, five levels below investment grade, and is ranked one level higher at B+ by Fitch Ratings.

New York City Tax charges: Nigeria owes $16million?

New York City Tax charges: Nigeria owes $16 million? USAfrica: The News & Opinion Leader for Africans and Americans. Special to USAfrica multimedia networks, Houston. USAfricaonline.com,  CLASSmagazine, The Black Business Journaland Nigeria360@yahoogroups e-group New York City has filed suit in the U.S federal district court for the Southern District of New York against the federal government of Nigerian [...]

South Africa gets out of recession; grows GDP….

South Africa gets out of recession; grows GDP USAfricaonline.com wt wire reports Statistics South Africa has reported that South Africa’s gross domestic product grew by an annualized rate of 0.9% in the third quarter compared with the preceding quarter. This beats analyst forecasts for 0.5% growth and growing concern of the country’s leaders. “The short-term indicators [...]

18 women, 2 men killed in Ghana gold mine disaster

Eighteen killed in Ghana gold mine disaster By David Adadevoh (AFP) – 1 day ago ACCRA — The roof of an illegal gold mine in Ghana collapsed killing at least 18 people, including 14 women, in one of the worst mining disasters to hit the African nation, police said on Thursday. Thirty miners were believed [...]

For Sale: medical building in Houston

USAfricaonline.com: Medical building is for SALE. 8411West Bellfort (near Gessner), Houston, Texas 77071 Price $1,100,000.00 (US$1.1million) Size: approx 13,000 sq ft, approx 75 parking spaces, 2 entrances, great signage lease: approx. 15K month, sale: 1.1 Call Zelda 281-658-3062 zeldadashiell@hotmail.com VIEW pictures of location and inside of property at the USAfrica-powered website: www.PhotoWorks.TV

$1.6 bln fraud: South Africa issues arrest warrant for biz man

South Africa issues arrest warrant for biz man for $1.6 bln fraud Cape Town: An arrest warrant has been issued for a South African businessman accused of orchestrating a 12.5 billion rand ($1.65 billion) fraud, Finance Minister Pravin Gordhan said on Tuesday. Lawyers and investigators working for investors have accused Barry Tannenbaum of operating a Ponzi-style [...]

South Africa’s 2009 economic growth fall 2.0%

South Africa’s 2009 economic growth fall 2.0% South Africa’s economy will likely contract by around 2 percent this year, Finance Minister Pravin Gordhan has said. “In South Africa we were doing quite well as a modest economy with an average growth of about 5 percent in the last five years. For this year we’ll probably [...]

Nigerian banks bailout style is too personalized

I would hope that the next time Nigeria is to spend N420 billion that proper steps are taken to protect the interest of Nigerians and the oversight responsibility of the Legislature, is sought and obtained. It is important that adequate legislation is on the books to help protect the interest of the people and that no person or any agency of the government is in position to act as a lone ranger, and that such a person’s wisdom or intention should not be the justification for such a massive expenditure.

Banking on Africa: the examples of Kaberuka and Sinon

The goal of the African Development Bank (AfDB) Group is to create sustainable economic development and social progress in its regional member countries (RMCs), thereby helping to reduce poverty. This is achieved by mobilizing and allocating resources for investment in RMCs & providing policy advice and technical assistance to support development efforts.

Nigeria’s troubled banking system and need for CBN reforms

Nigerian banking is being pulled from the crisis and profligacy of the past 5 years inflicted by bank executives and some failings on the part of the regulators. Hence, more pragmatic steps seem to be taking shape, led newly-appointed Central Bank of Nigeria Governor Sanusi Lamido, to arrest the ugly situation. Regardless, charges of regional (northern) favoritism, accusations of unfair and hasty leap have been placed at his doors by some southern Nigerian bankers and beneficiaries of the previous order of things. USAfrica’s researcher since 1994 and Principal Policy analyst for Afripol EMEKA CHIAKWELU explores this issues and its implications