A commentary by Yale law professor Peter Schuck, whose writing I always enjoy. Very interesting points he brings up especially in light of this Presidential election. In my opinion, diversity is a very touchy subject for people from around the world, and most people would rather ignore it. However Schuck's commentary shows the relevance of diversity to everything we do and sooner or later we all have to ponder the issues behind we work so hard to avoid the topid of diversity and it that's really working.
Read the commentary...
Wednesday, March 12, 2008
Thursday, March 6, 2008
'High-powered law firms need women lawyers if they are to remain high-powered'
This article from The Wall Street Journal says a lot. A woman who never dreamed of being in Corporate America is a partner at a big firm.
"Lawyers need to have a broad focus to respond to complex challenges, so early specialization is not necessarily a good idea. The early years should have a wide-ranging focus, so that a lawyer can see a range of specialization choices. She may then discover a specialty that did not exist when she was in law school."
Tuesday, March 4, 2008
Women and personal finance news
Everyone's favorite personal finance guru (well not everyone's), Suze Orman is being honored. Crittenton Women's Union, a nonprofit organization dedicated to helping low-income women attain economic independence, will present its 24th Amelia Earhart Award to Suze Orman, nationally acclaimed personal finance expert, best-selling author, and Emmy Award-winning television personality.
UN unveils plan on Investing in Women and Girls
Election 2008-Pocketbook Issues Loom Large
UN unveils plan on Investing in Women and Girls
Election 2008-Pocketbook Issues Loom Large
In honor of National Women's History Month
Women have made tremendous strides in the business world and there is no greater time than now to highlight women in the world of work, finance and business.
The median annual earnings of women ages 16 and older who work full time, year-round is $32,168, in 2005. Women earned 77 cents for every $1 earned by men.
- In the District of Columbia, women who worked year-round, full-time earned 91 cents for every $1 their male counterparts earned in 2005. Among all states or state equivalents, the district was where women were closest to earnings parity with men. Maryland and Connecticut were the only states where median earnings for women were above $40,000, as was the District of Columbia.
- The median earnings of women working in computer and mathematical jobs, $58,906, the highest for women among the 22 major occupational groups. Among these groups, community and social services was the only group where women's earnings as a percentage of men's earnings were higher than 90 percent.
- The estimated work-life earnings of women with a professional degree (i.e., medical, law, dental or veterinarian) who work full time, year-round is $2.9 million. For women, like men, more education means higher career earnings. It is estimated that women without a high school diploma would earn $700,000 during their work lives, increasing to $1 million if they had a high school diploma and $1.6 million if they had a bachelor's degree.
- The amount women, who worked full time, year-round, earned 77 cents for every $1 their male counterparts earned in 2004. This amount is up from 76 cents for every dollar in 2003.
- The revenue for women-owned businesses reaped more than $939 billion in 2002, up 15 percent from 1997. There were 116,985 women-owned firms with receipts of $1 million or more.
- The number of women-owned businesses climbed to nearly 6.5 million in 2002, up 20 percent from 1997. (The increase was twice the national average for all businesses.) Women owned 28 percent of all non-farm businesses.
- More than 7.1 million people were employed by women-owned businesses. There were 7,231 women-owned firms with 100 or more employees, generating $274 billion in gross receipts.
NOTE: Nearly one in three women-owned firms operated in health care and social assistance, and other services such as personal services, and repair and maintenance. Women owned 72 percent of social assistance businesses and just over half of nursing and residential care facilities. Wholesale and retail trade accounted for 38.2 percent of women-owned business revenue.
- The average rate of growth in women-owned firms in Nevada reached 43% between 1997 and 2002, which led the nation. Georgia (35 percent), Florida (29 percent) and New York (28 percent) followed.
- Women 16 or older who participated in the labor force in 2005 equalled 59%. This amounts to 69.3 million women, 35 million of which were full-time, year-round jobs. Men in this range amounted to a 73% rate of participation.
- In a management, professional or related occupations, women chipped in 37 percent of the work force, as compared to 31% of men.
- More women work in educational services, health care and social assistance industries than in any other, the total amounting to 21.1 million. Breaking it down further, 10.7 million work in the health care industry and 8 million in educational services.
The median annual earnings of women ages 16 and older who work full time, year-round is $32,168, in 2005. Women earned 77 cents for every $1 earned by men.
- In the District of Columbia, women who worked year-round, full-time earned 91 cents for every $1 their male counterparts earned in 2005. Among all states or state equivalents, the district was where women were closest to earnings parity with men. Maryland and Connecticut were the only states where median earnings for women were above $40,000, as was the District of Columbia.
- The median earnings of women working in computer and mathematical jobs, $58,906, the highest for women among the 22 major occupational groups. Among these groups, community and social services was the only group where women's earnings as a percentage of men's earnings were higher than 90 percent.
- The estimated work-life earnings of women with a professional degree (i.e., medical, law, dental or veterinarian) who work full time, year-round is $2.9 million. For women, like men, more education means higher career earnings. It is estimated that women without a high school diploma would earn $700,000 during their work lives, increasing to $1 million if they had a high school diploma and $1.6 million if they had a bachelor's degree.
- The amount women, who worked full time, year-round, earned 77 cents for every $1 their male counterparts earned in 2004. This amount is up from 76 cents for every dollar in 2003.
- The revenue for women-owned businesses reaped more than $939 billion in 2002, up 15 percent from 1997. There were 116,985 women-owned firms with receipts of $1 million or more.
- The number of women-owned businesses climbed to nearly 6.5 million in 2002, up 20 percent from 1997. (The increase was twice the national average for all businesses.) Women owned 28 percent of all non-farm businesses.
- More than 7.1 million people were employed by women-owned businesses. There were 7,231 women-owned firms with 100 or more employees, generating $274 billion in gross receipts.
NOTE: Nearly one in three women-owned firms operated in health care and social assistance, and other services such as personal services, and repair and maintenance. Women owned 72 percent of social assistance businesses and just over half of nursing and residential care facilities. Wholesale and retail trade accounted for 38.2 percent of women-owned business revenue.
- The average rate of growth in women-owned firms in Nevada reached 43% between 1997 and 2002, which led the nation. Georgia (35 percent), Florida (29 percent) and New York (28 percent) followed.
- Women 16 or older who participated in the labor force in 2005 equalled 59%. This amounts to 69.3 million women, 35 million of which were full-time, year-round jobs. Men in this range amounted to a 73% rate of participation.
- In a management, professional or related occupations, women chipped in 37 percent of the work force, as compared to 31% of men.
- More women work in educational services, health care and social assistance industries than in any other, the total amounting to 21.1 million. Breaking it down further, 10.7 million work in the health care industry and 8 million in educational services.
Monday, March 3, 2008
“I have always thought of money as freedom”
An article titled "Frugality can be acquired, but it can't be bought" makes me wonder why it can't be bought. Currently U.S. residents have maxed out their credit and young people see graduating college with tons of educational and other debt as normal. So why can't we buy frugality, ie. teach the basics of good personal finance in high-school and college. Why are so many young people not familiar with the basics about credit scores and interest rates until they finally want to make a purchase such as a car or rent an apartment? Maybe if we start early by paying for this kind of education, we can "buy" frugality after all. Read entire article
Adwa- A Universal Victory
Though February is when Black History Month is celebrated in U.S., one of the greatest achievements in history for all people of color occured in March. On March 1, 1896, Ethiopia also then known as Abyssinia defeated Italy at the Battle of Adwa. Adwa, a city in northern Ethiopia became the site of the face-off between thousands of Ethiopian and Italian troops. The Ethiopian victory became a victory for all people of color. This victory was not only the first defeat for a European power but also the reason why Ethiopia maintainted its place as the only of the African continent's 54 nations to never be colonized. In 1904 when Japan went to war with Russia, the Japanese looked to Ethiopia for guidance as the first non-Caucasian power to defeat Europeans. While many historians have criticized Ethiopia's leadership for ceding parts of Northern Ethiopia (to be named Eritrea by the Italians), to Italy after the Battle of Adwa, others see the deal as the only way Ethiopia could have avoided further warfare. Learn more about at Adwa...
We're more alike than we want to believe...
Two leading scientific journals "Science" and "Nature" have both published studies last week on studies on human migration based on DNA. Both research groups relied on DNA from blood samples collected by anthropologists around the world as part of the Human Genome Diversity Project, a controversial effort from the mid-1990s to gather genetic specimens from thousands of populations, including many indigenous tribes. "Instead of saying a particular person's genome is from Africa, this kind of data allows us to say which part of Africa they were from," said Andrew Singleton, chief of the molecular genetics section at the National Institute on Aging in Bethesda, Md., and senior author of the Nature report. The pattern of genetic mutations offers evidence that an ancient band of explorers left what is now Ethiopia and went on to colonize most of the world. Read more...
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