Posts Tagged Financial Matters

By Ann • 15 years ago

Gender implications of the recession


It’s been fascinating to watch the media coverage of the economic meltdown as it relates gender (and class) in our society.
In January, data showed that men’s participation in the workforce was declining faster than women’s. Basically, in recessions, more men tend to lose their jobs than women, hence there is a greater percentage of women in the workforce. (Hmmm… if what’s bad for the economy is also bad for traditional gender roles, you’d think the right wing would have clamored a little harder for the stimulus package.)
The New York Times was inspired to publish an article on the implications for masculinity:

Mr. Steuer, 43, was recently laid off from his job at a small research ...


It’s been fascinating to watch the media coverage of the economic meltdown as it relates gender (and class) in our society.
In January, data showed that men’s participation in the workforce was declining faster than ...
By Vanessa • 15 years ago

Obama to Restore Family Planning Aid?

Elana Schor at Talking Points Memo updated us yesterday on the dismaying news this week that the family planning revision has been removed from the economic stimulus:

A source present at today’s White House signing ceremony for the Lilly Ledbetter bill tells me that President Obama gave assurances that the family planning aid would be done soon — perhaps as soon as next week, when the House is set to take up a spending bill that would keep the government funded until October.
Obama emphasized that the family-planning aid “makes the budget look better, it’s a money saver,” the source said. In fact, removing the need for Medicaid waivers for family planning saves states an estimated $700 million over ...

Elana Schor at Talking Points Memo updated us yesterday on the dismaying news this week that the family planning revision has been removed from the economic stimulus:

A source present at today’s White House signing ceremony ...
By Vanessa • 15 years ago

Cosmopolitan: Snag yourself a rich boy


Oh Cosmo, did you really have to go there? Their latest online is about how to find and appeal to a rich man:

Landing a loaded guy has long been a fantasy for some females. In fact, your own mother may have even quipped that it’s just as easy to fall for a wealthy man as it is a poor one. And high-income dudes (those earning $104,000 and up, as defined by the Tax Foundation Group in Washington, DC) are on our radar even more thanks to such shows as The Hills, Gossip Girl, and The Millionaire Matchmaker.

This includes tips like “They Have Gold-Digger Radar,” “They Feel Entitled to Arm Candy,” “But They Don’t Want to Marry a ...


Oh Cosmo, did you really have to go there? Their latest online is about how to find and appeal to a rich man:

Landing a loaded guy has long been a fantasy for some females. In ...
By Ann • 15 years ago

Food stamp money finally comes through

A class-action suit against New York City for refusing to provide food stamps to nearly 9,500 households was settled back in 2006, but the reimbursements are just going out now:

The payback does not quite amount to winning the lottery — the 18 largest reimbursements just top $5,000, and most average far less. And all of the credits can be used only for food.
Still, to many who had given up on or forgotten what they were owed, the money in their accounts, some of which arrived before any notice from the government to explain it, has been a rare moment of bounty at an otherwise dismal economic moment.
Monica Ryan learned of her good fortune when she went to ...

A class-action suit against New York City for refusing to provide food stamps to nearly 9,500 households was settled back in 2006, but the reimbursements are just going out now:

The payback does not quite amount to ...
By Samhita • 15 years ago

Bailout bill fails, the economy is crumbling and we just gotta do what we do.

So I watched CNN all day yesterday waiting for the vote on the bailout bill, but I noticed that even though I don’t have any money to really lose (just the hope that they may not notice how much debt I have) I still felt stressed out. I also realized that when rich people lose money, it is a national crisis. But poor folk have trouble making ends meet every single day. Where is our news coverage?
The thing with money stress, for most of us, it is always there. So why this panic and media frenzy? Because the Dow Jones dropped? Or because we need to sensationalize everything and create fake scenarios to see how our to ...

So I watched CNN all day yesterday waiting for the vote on the bailout bill, but I noticed that even though I don’t have any money to really lose (just the hope that they may not ...
By Ann • 15 years ago

Wooing women voters by talking economics

We’ve cautioned before that “women voters” are not a monolithic bloc that can be won over with a single message. But as the economic downturn has hit women especially hard, it’s easy to see why Barack Obama is trying to appeal to women by discussing the economy — hitting on the issue of equal pay and highlighting Lilly Ledbetter’s story.

Obama was an original co-sponsor of the legislation to reverse the result in Ledbetter’s case; McCain opposes the bill because, he said in April, it “opens us up to lawsuits for all kinds of problems.” Well, yes, that would be the point of a law prohibiting pay discrimination.
The Obama campaign has asked Clinton to talk ...

We’ve cautioned before that “women voters” are not a monolithic bloc that can be won over with a single message. But as the economic downturn has hit women especially hard, it’s easy to see why Barack ...
By Samhita • 15 years ago

Women always hit hard by economic downturn.

According to the NYTimes yesterday, women are now being hit as hard as men by a lack of jobs. This is not a new phenomenon but I understand what the article is getting at. It has gotten very competitive for the jobs that remain and an inability to find sustainable work has forced women into alternatives. This is in direct contrast to the idea of the “opt-out” revolution as some have termed it. According to the Bureau of Labor Statistics, women aren’t working because there aren’t enough jobs.

When economists first started noticing this trend two or three years ago, many suggested that the pullback from paid employment was a matter of the women themselves deciding to stay home — to ...

According to the NYTimes yesterday, women are now being hit as hard as men by a lack of jobs. This is not a new phenomenon but I understand what the article is getting at. It has gotten ...

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