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Melinda Gates: When Money Flows into the Hands of Women, Everything Changes (March 2018)

4/15/2018

2 Comments

 
I have spent many hours talking with colleagues in international development about how to tear down the barriers that block women’s progress around the world. Now, we’re confronting the fact that every sector, including our own, has a serious problem with sexual harassment and violence. The norms that allow these abuses are the same ones that disempower the poorest women, and only when they are dismantled across the globe will all women and girls be able to lead the lives they want.
Practically speaking, though, what can a philanthropic organization like ours do to promote a goal—equality everywhere—that’s impossibly large?
We’ve been investing in women’s health for a long time and seen significant progress. But as I spend more time visiting communities and meeting people around the world, I am convinced that we’ll never reach our goals if we don’t also address the systematic way that women and girls are undervalued. With a new focus on women’s economic empowerment, connecting women to markets, making sure they have access to financial services, and empowering them to help themselves, we aim to help tear down the barriers that keep half the world from leading a full life.
We’ll spend $170 million over the next four years to help women exercise their economic power, which the evidence suggests is among the most promising entry points for gender equality. Simply put when money flows into the hands of women who have the authority to use it, everything changes.
First, their families benefit. One in three married women in the poorest countries have no say over major household purchases. Research shows, however, that women are much more likely than men to buy things that set their families on a pathway out of poverty, like nutritious food, health care, and education. In Niger, for example, when women had more financial autonomy, their families ate more meat and fish. One of the most astonishing statistics I’ve seen is that when a mother has control over her family’s money, her children are 20% more likely to survive.

Second, everyone starts to re-think the part women can play in their own communities. A recent study in India found that merely owning and using a bank account led women to work outside the home more. As a result, they earned more money, but they also changed men’s perception of them. By defying a social norm that confined them inside, they started to change it.
Women acting on their own can do what all the philanthropic organizations in the world can never accomplish: change the unwritten rule that women are lesser than men. Our role, as we see it, is to make targeted investments that give women the opportunity to write new rules.
First, our new gender equality strategy will seek to link women to markets. Hundreds of millions of women help run small farms across Africa and Asia, raising crops and livestock, but in most cases, they do so without knowing what is a fair price for their products. We want to help them overcome this barrier and prosper from their labor. To do so, we’ll support women farmers as they organize in collectives that aggregate produce from small farms and sell it to buyers at a fair price and, where possible, use mobile phone applications that provide real-time price information.
We also want more women to use digital bank accounts. Many governments send welfare or safety net payments to low-income families, but this money is usually controlled by men. We will work on systems in eight countries, including India, Pakistan and Tanzania, to deposit it into accounts controlled by women.

Finally, we’ll support self-help groups where women and girls teach one another about everything from launching a small business to raising healthy children—and reimagine their standing in society. In India, the more than 75 million women who already belong to such groups have proven a force for real progress. We want younger girls to have the same opportunity. During adolescence, parents place more restrictions on their daughters, and girls’ range of movement shrinks—in South Africa, for example, by more than half. Self-help groups can widen their horizons.
I gained a valuable perspective on self-help groups when I spent an afternoon in Jharkhand, India, with Neelam Bhengra. She joined a group to learn how to increase the yields on her farm. But gradually, she organized the members to advocate for themselves with local government. “If I’m alone, I can’t do anything,” she told me. But with the support of her group, she said, “I will keep fighting for women until I die.”
Neelam is a force for generations to come. She told me all about her children, who were going to school and planning for a future Neelam herself never imagined. The data says that their children, Neelam’s grandchildren, will be even more healthy–and more prosperous. We want to help more Neelams find their voice, seize opportunities, and change their world—and their children’s world—into what they dream it can be.
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Why Your Company Needs to Hire Varsity Athletes (By Stephanie Rudnick, May 2016)

4/7/2018

1 Comment

 
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It is the end of may,  and thousands of student athletes are completing their final exams and graduating from university. If you are an employer, then whatever your recruiting period is you need to consider making a serious push to recruit and hire graduating student athletes.
While many of these athletes may have little work experience, what they do have is their passion and their work habits, which they have poured into building their athletic careers for the last 20 years. Now they are eager to figure out where to pour all their passion and apply their work ethic.
11 Reasons why you need to hire a past varsity athlete?
  • Athletes know how it feels to be the most inexperienced person on a team. They know how much work, passion, and dedication it takes to master a new skill and prove themselves to a new team because they have done it year after year.
  • Athletes are not strangers to hard work. In fact, they have been doing it for a long time and expect to have to do it to accomplish their goals.
  • Athletes are not afraid of failure because they know that failing over and over again and always being able to get back up is the path to success.
  • Athletes know how to be a teammate, a cheerleader, and a leader on any team, and they know how to play the role they are assigned.
  • Athletes know how face conflict with a person in authority and still find a way to excel.
  • Athletes know how to work through pain or illness and still perform at their highest level.
  • Athletes know that early is on time and on time is late—it’s just part of their discipline.
  • Athletes know that you need to respect a competitor, and that in the end the most important person you compete against is yourself.
  • Athletes know how to work under pressure; in fact, they thrive in that type of environment.
  • Athletes know how to deal with a poisonous person on their team.
  • Athletes know that to be really successful you need to do way more than your job description requires and you need to work hard no matter who is watching.
How do they know all these things?Athletes have experienced good, bad, ugly, and amazing situations while playing sport, and learning how to deal with each of these has given them the tools they need to create success in their life.
Setting goals, maintaining clear focus, working with a team and working under pressure, leading and motivating others, working hard consistently—these are some of the skills that athletes have been practicing for years, and now they are ready to transfer all of their passion, intensity, and hard work into your business.
Don’t be fooled when you see lack of work experience on an athlete’s resume. The experience that she or he has had on the court or on the field has prepared them well for solid success in the working world.
They may have played their last game, but it’s not all over for them.
For them the game of life is just  beginning.
 So harness the power of sport and find yourself an athlete to help take your business to a whole new level.
Because Life is a Sport, and I know you both want to win.
1 Comment

Women Rule (December 2017)

4/7/2018

1 Comment

 
WOMEN RULE — Excited for POLITICO’s 5th annual “Women Rule” summit today in DC where I’ll be hosting a panel at 3:55 p.m. with S&P Chief U.S. economist Beth Ann Bovino, Rolls-Royce North America CEO Marion Blakey and SoulCycle CEO Melanie Whalen. We’ll be talking about how the U.S. economy could be in much better shape with more women in top executive positions and in the workforce more broadly.
A couple of factoids per POLITICO’s Luiza Savage: There are 32 women CEOs of Fortune 500 companies — that’s a historic record but only 6.2 percent; There are fewer large companies run by women than there are by men named John.
FIRST LOOK: A new report out Tuesday from Beth Ann and Jason Gold on women and U.S. GDP finds: “[A] dual-pronged effort of increasing entry and retention of more women to the American workforce, particularly those professions traditionally filled by men, represents a substantial opportunity for growth of the world’s principal economy, with the potential to add 5%-10% to nominal GDP in just a few decades.
“If women entered, and stayed, in the workforce at a pace in line with, say, Norway, the U.S. economy would be $1.6 trillion larger than it is today, according to a scenario analysis conducted by S&P Global economists.”
Event begins at 8:00 a.m. Featured speakers include: actress Kate Bosworth, “Me Too” movement founder Tarana Burke, Transportation Sec. Elaine Chao, Kellyanne Conway, Sen. Kirsten Gillibrand (D-N.Y.) and more. Livestream: here.
FREEDOM CAUCUS NEARLY TOPPLES TAX VOTE — POLITICO’s Bernie Becker, Sarah Ferris, and Colin Wilhelm: “House conservatives threatened to derail a key tax vote on Monday in an attempt to win more influence over the GOP's spending strategy, just four days before the deadline to fund the government. In a dramatic political stunt, more than a dozen members of the House Freedom Caucus withheld their support for a crucial procedural vote on the GOP’s tax bill, threatening an embarrassing blow to GOP leadership.
“The conservatives eventually relented, approving what had been thought to be a formality — a motion to appoint negotiators to hammer out a final tax bill with the Senate. But the frenzy on the House floor underscored the divisions within the GOP over a spending strategy this month, and that the Republicans’ march toward overhauling the tax code — which has proceeded with relatively little drama so far — could get caught up in the process.”
HOUSE CONFERENCE MEMBERS — After the Freedom Caucus stood down on Monday, Ryan ended up naming nine members to the conference committee, headlined by Ways and Means Chairman Kevin Brady (R-Texas). Reps. Devin Nunes (R-Calif.), Peter Roskam (R-Ill.), Diane Black (R-Tenn.), Kristi Noem (R-S.D.), Rob Bishop (R-Utah), Don Young (R-Alaska), Greg Walden (R-Ore.) and John Shimkus (R-Ill.) were also named as conferees.” Read more.
FIRST LOOK II: TRUMP MENTIONED LESS ON EARNINGS CALLS — Per report out this a.m. from Hamilton Place Strategies on Q4' 16 to Q3 '17 earnings call transcripts: “The number of earnings calls mentioning President Trump declined 81 percent between January and late November … The count of calls mentioning tax reform have increased 137 percent since last quarter. …
“Mentions of company culture — inclusive of corporate social responsibility, diversity, and harassment — have increased 32 percent year-over-year in 2017 … Amazon was mentioned on almost eight percent of all earnings calls so far in 2017, outstripping Google in second place with four percent”

NEW FROM TPC — The Urban Institute/Brookings Tax Policy Center in its latest analysis of the Senate bill: “We find the bill would reduce taxes on average for all income groups in both 2019 and 2025. In general, higher income households receive larger average tax cuts as a percentage of after-tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution.
“On average in 2027, taxes would change little for lower- and middle-income groups and decrease for higher-income groups. Compared to current law, 7 percent of taxpayers would pay more tax in 2019, 10 percent in 2025, and 48 percent in 2027.” Read more.
BONKERS QUOTE OF THE DAY — This time goes to House Minority Leader Nancy Pelosi on the tax bill: “It is the end of the world. … This is Armageddon.”
SAY WHAT YOU want about the merits of this tax bill. It’s got issues on debt impact, middle class tax hikes and the big bet on corporate rate cuts. But the end of the world it is not. Saying it is just makes one sound ridiculous.
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Marion Blakey among the many high-powered speakers at "Women Rule." | AP Photo
GOOD TUESDAY MORNING — Greetings from DC! Hope to see some of you at “Women Rule.” Email me on [email protected] and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on [email protected] and follow her on Twitter @AubreeEWeaver.
THIS MORNING ON POLITICO PRO FINANCIAL SERVICES -- Victoria Guida on Acting CFPB Director Mick Mulvaney’s comments that he has no plans to fire Leandra English, the agency’s deputy director who is suing him. To get Morning Money every day before 6 a.m., please contact Pro Services at (703) 341-4600 or[email protected].
DRIVING THE DAY — President Trump lunches with members of the Senate GOP at the White House … At 1:45 p.m., Trump “leads a discussion with American business owners and their families” … Senate Banking at 10:00 a.m. marks up the "Economic Growth, Regulatory Relief and Consumer Protection Act" and votes on the nomination of Jerome Powell to be Fed chair … ISM Non-manufacturing at 10:00 a.m. expected to dip to 59.0 from 60.1 …
HEARING PREP — Compass Point’s Isaac Boltansky on the Senate Banking reg relief bill: “We expect the following during the mark-up: (1) an intent focus on the mechanics of the bank stress test changes; (2) a handful of peripheral amendments … (3) a series of messaging amendments with no path to inclusion; and (4) questions relating to the $10B threshold vis-a-vis the QM safe harbor and bank regulatory offramp.
“Securing floor time in the Senate is an unknown variable given ongoing tax reform efforts and uncertainty regarding Sen. Schumer's procedural preference, but we believe S.2155 could clear the Senate in January or February.”


GET SMART FAST — BI’s Josh Barro with a good read on exactly how the tax bill will impact folks: “In the near term, the bill will give most Americans a tax cut. It's also likely to boost the economy at least a little bit over the next couple of years — though its positive economic effects will fade over time, and may even turn negative by the end of the decade, depending on which analysis you believe. …
“The first sign of the tax changes should show up in workers' paychecks in January, when employers adjust tax withholding to reflect lower (or, in the case of an unfortunate few, higher) tax liability.” Read more.
DAGGER AIMED AT NEW YORK — NYT’s Ben Casselman and Patrick McGeehan: “The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory for Republicans and the White House. It is also an economic dagger aimed at high-tax, high-cost and generally Democratic-leaning areas — most notably New York City and its neighbors.
“The bill, if enacted into law, could send home prices tumbling 10 percent or more in parts of the New York area, according to one economic analysis. It could increase the regional tax burden, complicating companies’ efforts to attract skilled workers. It could make it harder for state and local governments to pay for upgrades to the transit system and other infrastructure” Read more.
COAL CEO SLAMS TAX BILL — CNBC’s Michelle Fox: “The Senate's tax overhaul bill is a ‘huge tax increase’ on certain businesses, said Robert Murray, chairman and CEO of coal giant Murray Energy. Murray, who has been a big supporter of … Trump, told CNBC he's specifically upset about the decisions to keep the alternative minimum tax and to take away the deduction for net interest expense as a cost of business.
“He said the Senate legislation will raise Murray Energy's taxes by $60 million a year, ‘notwithstanding the other so-called benefits the Senate has proposed.’ ‘This means that very capital-intensive, highly leveraged employers, like coal-mining companies, will be forced out of business, with tragic consequences for our families and for many regions of our country,’ Murray said” Read more.
PAID LEAVE INCENTIVE LIKELY TO STAY — Bloomberg Law’s Tyrone Richardson: “A measure that would offer tax incentives for companies to provide paid leave for employees is predicted to remain intact as House and Senate lawmakers start negotiating a compromise to the tax reform bill this week.” Read more. 

RYAN THOUGHT ABOUT DUMPING FRELINGHUYSEN — POLITICO’s Rachael Bade and John Bresnahan: “Speaker Paul Ryan and his leadership team discussed replacing House Appropriations Chairman Rodney Frelinghuysen after he bucked the party and voted against the GOP tax bill, multiple sources told POLITICO.
Ryan, House Majority Leader Kevin McCarthy (R-Calif.) and Majority Whip Steve Scalise (R-La.) considered calling up the GOP steering committee charged with selecting chairmen to force a roll call on whether Frelinghuysen should maintain his position.
“Scalise, three sources said, pushed hard for the move and was livid that the New Jersey Republican opposed the legislation that leaders believe is vital to maintaining their majority. … Spokespeople for Ryan's office and the Appropriations Committee declined to comment.” Read more.
CBOE, CME POISED FOR BITCOIN BATTLE — FT’s Phillip Stafford: “Chicago’s two largest derivatives exchanges are going head to head in coming weeks to become the U.S. market of choice for bitcoin futures trading.

“Cboe Global Markets said on Monday it would begin trading its bitcoin futures contracts, known as XBT futures, next week, on December 11, offering free trading for the rest of the month to help spur transactions. That will steal a march on its rival, CME Group, the world’s largest futures exchange, which will launch its futures contracts the following Monday. Read more.
And hedge funds are getting ready — Bloomberg’s Rob Urban and Sonali Basak: “The planned introduction of bitcoin futures contracts at CME Group Inc., Cboe Global Markets Inc. and Nasdaq Inc. will make it much easier to bet on a decline.
“Hedge funds, which have largely stayed on the sidelines, are waiting for the Chicago Mercantile Exchange’s futures market to open for a fresh opportunity to bet against the cryptocurrency, according to more than a half dozen people trading the assets. Read more.
SEC TARGETS INITIAL COIN OFFERING ‘SCAM’ — WSJ’s Paul Vigna: “The U.S. Securities and Exchange Commission on Monday announced its first-ever enforcement action by its new cyber unit against an initial coin offering, alleging a Canadian company violated U.S. securities laws in raising $15 million through this new, red-hot area of finance.

“Charges against the company, described by the agency as a ‘scam’ run by a ‘recidivist Canadian securities law violator,’ were brought by the unit as it looks to crack down on potential abuse in the cryptocurrency arena.” Read more.
SEC TO PROBE IF BANKS HELPED HEDGE FUNDS INFLATE RETURNS— Bloomberg’s Matt Robinson: “Wall Street banks are known to fiercely compete for hedge-fund clients because of the lucrative trading profits they provide. The U.S. Securities and Exchange Commission is now investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds, said two people familiar with the matter. The SEC’s concern: As a reward for helping hedge funds make money — by submitting quotes at requested levels — banks got trades steered their way.”
MORGAN STANLEY LAUNCHES ‘ROBO’ SERVICE — WSJ’s Lisa Beilfuss: “Morgan Stanley has launched an automated-advisory service, the latest wealth-management firm to expand digital offerings in a bid for younger investors’ assets. The New York brokerage firm said its Access Investing ‘robo’ service is available starting Dec. 4 to clients with at least $5,000 to invest. The service will charge 0.35 percent of assets annually. Fees exclude those levied by fund managers. …

“Executives said Morgan Stanley’s robo launch is meant to attract a new generation of clients, many of them the children of existing customers positioned to inherit significant wealth. ‘Access Investing is an opportunity for financial advisers to grow their book of business by making connections early,’ said Naureen Hassan, the firm’s chief digital officer.” Read more.
NEST EGGS HAVE NEVER BEEN BIGGER — Bloomberg’s Jordan Yadoo: “As U.S. stocks continue hitting new highs, President Donald Trump is encouraging Americans to check out their retirement accounts. ‘Look at your 401-k’s since Election,’ the president tweeted Monday morning. ‘Highest Stock Market EVER! Jobs are roaring back!’ Indeed, equity market gains have pushed average IRA and 401(k) balances to record levels. Unfortunately, there’s nothing to see for about half of American households that have no such retirement-savings vehicles.
“Fidelity Investments, the nation’s largest administrator of retirement plans, said the average 401(k) balance in its accounts hit a record $99,900 in the third quarter while the average IRA rose to an all-time high of $103,500. Balances increased 10 percent from the same period a year ago, according to the Boston-based investment firm.” 
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10 Women Over 50 Who Prove It's Never Too Late to Change The World (March 2018)

4/2/2018

5 Comments

 
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1. ​The Mindful Giver
​Hali Lee, 51, founder of the Asian Women Giving Circle and co-founder and co-executive director of Faces of Giving, dedicated to amplifying the power of philanthropy.
"In my mind's eye, I'm 28 years old, so the gift of now is that I have the energy and ideas of a younger person with the experience and insight of an older person. It's impossible to have everything, do everything, be everything. It is possible to do well enough, get by, try your hardest, be okay with the grays and the imperfects and to have a good enough time — dare I say fun — while doing so."

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2. ​The Social Reformer
​Sujatha Jesudason, 51, Professor of Management at the New School and founder and Executive Director of CoreAlign, a reproductive justice organization.
"At this age, I'm trying new things — what better time to risk it all? I just moved to New York City for the first time in my life. I'm the most impactful I've ever been in my work, and I'm also transitioning into the role of mentor. More of my energies are going into supporting other women, and in this political moment, that is powerful. We need to go all out."

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3. ​The Breakthrough Researcher
​Dr. Carolyn Westhoff, 66, a leader in contraceptive research and family planning services at New York Presbyterian Hospital at Columbia University Medical Center.
"When I turned 60 I thought, 'What would be worth accomplishing at work in the next 10 years?' and I chose to focus on enduring problems in the area of oral contraceptives, how to move those forward. In my 60s, I'm calmer and wiser, with a lot of history to draw on when issues arise — and I'm so grateful that the smart, idealistic young people I work with are not despairing even now. They're dynamite."

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4. ​The Design Innovator
​Ruth Lande Shuman, 74, founder of Publicolor, a not-for-profit organization using design projects to empower struggling students to realize their potential.
"Curiosity continues to imbue my work, which allows me to be flexible and responsive to new ideas. My age and experience mean that I can act as a mentor to young talent, which is enormously energizing! I am more patient, but I still have a sense of urgency around my work, and I want to keep growing Publicolor's impact, helping even more high-risk low-income students reach their potential."

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5. The Founding Feminist
​Marie Wilson, 77, founder of the White House Project, the Ms. Foundation for Women, and creator of Take Our Daughters to Work Day."It's hard for me to slow down, even now. What keeps people strong and healthy is the ability to make change — in their job, in their community or in their home. What's kept me sane is the continual ability to do something about what's wrong in the world — through the civil rights movement, the women's movement, the gay rights movement, and all the things we are struggling with right now. I get up every morning and I know there's something I can and must do."

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6. The Cultural Curator 
​Nancy Spector, 58, Artistic Director and Jennifer and David Stockman Chief Curator at Solomon R. Guggenheim Museum."At this point in my life I am able to be decisive and direct in my leadership but also still open and attuned to what is new, radical, and risky in my field. I am deeply committed to doing what I love, honing my curatorial skills, and looking for opportunities to use art to address the profound concerns of our time."

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7. ​The Intrepid Advocate
​Sayu Bhojwani, 50, founder and President ofNew American Leadersand author of People Like Us, about American democracy.
"As an immigrant woman of color, I represent so much that is under attack in this country today. Yet I have never been more sure of who I am and what I believe is possible here. That I continue to lean into my work at the intersection of immigration and politics is a testament for women like me to never shy away from the battle for our place at the table."

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8. ​The Eco Protector
​Deborah Goldberg, 63, Managing Attorney ofEarthjustice's, Northeast regional office.
"I work as an environmental lawyer and we are trying very hard to protect a healthy planet for all species. Right now I'm working to get New York State law to require cleaning products to disclose their list of ingredients so people aren't bringing home things that will make their families sick. These are difficult times, and at this age, I have a long view — I know that we need to stay hopeful and keep fighting."

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9. ​The Scholar
​Kimberlé Crenshaw, 58, renowned civil rights advocate and leading scholar of critical race theory at the UCLA School of Law and Columbia Law School.
On intersectionality, a term she helped advance: "Without frames that allow us to see how social problems impact all the members of a targeted group, many will fall through the cracks of our [social justice] movements. When there's no name for a problem, you can't see a problem. When you can't see a problem, you can't solve it."

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10. ​The Organizer
​Heather Booth, 72, organizer for justice and democracy.
"It is a gift to be able to do the work building a better society where all people will be treated with dignity and respect. And at this age, I am grateful to have a little more confidence than I did earlier. We are in perilous and inspiring times. The stakes are so high, but often out of the greatest crisis comes the greatest progress. But only if we organize."

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Why it is Time For Men to Step Up for Women Too (Bono, January 2018)

3/15/2018

1 Comment

 
I am not a masochist, and clearly as a singer in a rock ‘n’ roll band I prefer the roar of the stadium’s affection to the whistles and boos of town-hall politics. But I must say I quite enjoyed the trouble I got into about a year ago when I was the lone man honored as part of Glamour’s Women of the Year awards. My favorite trash-talking tweet came from a woman who said that in my defense, my glasses did make me look like a 75-year-old granny from Miami. Or another who said it was inspiring how I’d overcome “the adversity of being a millionaire white dude.”

I was aware and I was glad that I was being offered up as a firestarter for a debate the magazine rightly wanted to have about the role of men in the fight for gender equality. It seemed obvious to me that the sex who created the problem might have some responsibility for undoing it. Men can’t step back and leave it to women alone to clean up the mess we’ve made and are still making. Misogyny, violence and poverty are problems we can’t solve at half-strength, which is the way we’ve been operating for a few millennia now.

I say it seemed obvious to me, but if I’m honest, it didn’t always. I have been home-schooled on this issue in a very powerful way by my wife Ali and our two daughters. The news that I was getting Glamour’s first Man of the Year award amped up a conversation in our house–that Eve and Jordan think is the only conversation–about the fact that, as Jordan reminds me, there is nowhere on earth where women have the same opportunity as men. Nowhere. Which has something to do with the fact that around the world, there are 130 million girls who are not in school. That’s so many girls that, if they made up their own country, it would be bigger in population than Germany or Japan.

Denying girls what an education offers–a fair shot, a path out of poverty–means that women can work the land but can’t own it; they can earn the money but can’t bank it. This is why poverty is sexist, as we say, and say loudly, at ONE to anyone listening, especially the world leaders who are supposed to guarantee universal access to education by 2030, the target they set in the Sustainable Development Goals.

There isn’t just room for righteous anger at the injustice of all this, there is a need for it and for outrage at the violence–physical, emotional and legal–that perpetuates it. But there is also, in the facts, room for hope. Because the research is clear–it’s plain on the page and has been proved on the ground–that funding girls’ education isn’t charity but investment, and the returns are transformational.

Give girls just one additional year of schooling and their wages go up almost 12%. Give them as much schooling as boys get and things really start changing. Closing the gender gap in education could generate $112 billion to $152 billion a year for the economies of developing countries. When you invest in girls and women, they rise and they lift their families, their communities, their economies and countries along with them. They rise–and they lead.

​That is, unless they continue to be held back and pushed down. Which could be the case. We’ve had a hard lesson over the past year that the march of progress is not inevitable. Sexism is rampant, conscious and unconscious. I’m still working on my own. Hopelessness is running high right now, and cynicism is cresting. But these are things the world can’t afford. There are 130 million girls counting on women and men to get our collective act together, push for better policies and pressure politicians to do more and fund more of what works–things like the Global Partnership for Education, which is due for replenishment early this year.

The key lesson in my own home-schooling is something Ali has been saying to me since we were teenagers: don’t look down on me, but don’t look up to me, either. Look across to me. I’m here. It just may be that in these times, the most important thing for men and women to do is to look across to each other–and then start moving, together, in the same direction. Making education a priority is a way of making equality a priority, and even men with limited vision should see that’s the only way forward.
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The IOC Takes Historic Step Forward to Advance Gender Equality Following Executive Board Approval of Bold Recommendations (February 2018)

3/5/2018

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THE INTERNATIONAL OLYMPIC COMMITTEE (IOC) IS FORGING A BOLD NEW PATH IN ADVANCING GENDER EQUALITY IN THE SPORTING ARENA AND BEYOND, AS THE IOC SESSION RECEIVED TODAY AN UPDATE FROM THE GENDER EQUALITY REVIEW PROJECT. FOLLOWING THE IOC EXECUTIVE BOARD APPROVAL OF 25 BOLD AND CHALLENGING RECOMMENDATIONS, THE IOC IS LEADING THE WAY IN RAISING AWARENESS OF THE IMPORTANCE OF GENDER EQUALITY ON AND OFF THE FIELD OF PLAY.

From governance to human resources, to funding, sport and portrayal, the IOC is focusing on achieving tangible results to strengthen gender equality across the entire Olympic Movement through these action-oriented recommendations. The ultimate goal is to assist in removing barriers preventing women and girls from participating in sport at all levels.
Chair of the IOC Gender Equality Review Project Marisol Casado said: “While recent years have seen improvements in gender equality in sport, we need more, and we need to do it quickly. These 25 recommendations aim to make substantial change and swiftly. The IOC is in a prime position to lead the way in bringing parity in gender equality, and today’s decision is a giant step forward toward achieving our objective.”
There are 25 recommendations: 8 in areas in which the IOC has already made significant progress; 8 of which the IOC will lead with an implementation plan currently under development; and 9 of which are for International Federations (IFs) and National Olympic Committees (NOCs) to lead. The next step is to publish the full report and develop an approach to undertake gender equality assessments within the broader Olympic Movement and beyond.
The Gender Equality Working Group was led by Casado, an IOC Member and President of the International Triathlon Union. She was joined by IOC Members, NOCs, and Summer and Winter IF representatives who had been selected for the leadership of gender equality efforts within their own organisations.

"THESE 25 RECOMMENDATIONS AIM TO MAKE SUBSTANTIAL CHANGE AND SWIFTLY. THE IOC IS IN A PRIME POSITION TO LEAD THE WAY IN BRINGING PARITY IN GENDER EQUALITY." - Marisol Casado


One of the key actions is centered around avoiding portraying gender bias and stereotypes. A pilot programme is already underway at the Olympic Winter Games in PyeongChang, where a set of principles and guidelines for balanced portrayal of both genders has been shared with IOC stakeholders. They have been asked to “road test” these guidelines in their own activities during the Games, and to share feedback and comment on their experiences.
Using this stakeholder input, the next step will be to build a robust set of gender portrayal guidelines that can be implemented widely. Closely collaborating with stakeholders in gathering and responding to their valued feedback will lead to a strengthened sense of ownership, and to enhanced implementation of the guidelines throughout the IOC and the wider Olympic Movement.

The IOC’s strategic objective around gender equality calls for growing female participation at the Olympic Games to 50 per cent. This significant, yet achievable, increase will build upon recent advances in gender parity at the Olympic Games. For example, in London in 2012, there was a 44 per cent female participation rate. Further expanding female participation, the Olympic Games in Rio de Janeiro in 2016 boasted the highest-ever number of women competitors, with female athletes comprising 45 per cent of total participants.
Further demonstrating progress, on the final day of the Games, equal numbers of women’s and men’s events will take place. This groundbreaking achievement represents a major stride forward, as both the 2010 Vancouver and 2014 Sochi Olympic Winter Games did not host any women’s events on their final days of competition.

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Before the USA Women's Hockey Team Clinched Gold, They Fought for Equal Pay (February 2018)

2/28/2018

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The USA women’s hockey team won its first gold medal since 1998 at the 2018 Winter Olympics in Pyeongchang, South Korea on Thursday, beating Canada in a heart-pounding shootout. The U.S.’s victory ended Canada’s winning streak of four consecutive Olympic gold medals.
The triumph capped 12 months of dramatic battles for the U.S. women—on and off the ice. Before they fought their northern rival in the gold medal match, the players took on a different opponent: unfair pay.
In 2017, the women threatened to sit out the International Ice Hockey Federation World Championship unless USA Hockey agreed to give them equal treatment to the men’s team—not least in regards to pay. The women sought the same equipment, staff, per diems, publicity, and travel as their male counterparts, according to CNN. 
The contract dispute lasted 15 months, but the players finally won. Following negotiations, the women were promised up to $70,000 each a year, a huge increase from the reported $6,000 they’d previously earned every four years as the Olympic Games came and went. USA Hockey reportedly promised them the same travel stipends and accommodations as the men’s team, and better marketing efforts, according to PRI.
The measly sums the women previously earned forced many of them to pick up second and even third jobs to make ends meet. Better pay from USA Hockey would let players focus more narrowly on the game, the women had argued amid contract negotiations. That prediction appeared to come true on Thursday, with the U.S.’s 3-2 gold medal victory over Canada serving as the ultimate payoff.


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100 Women: Is the Gender Pay Gap in Sport Really Closing? (October 2017)

2/28/2018

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In the ranking of the 100 highest-paid athletes, there is just one woman - tennis star Serena Williams.
​She's in position 51 and has an income that is $66m (£50m) lower than Cristiano Ronaldo's, the world's top earning sportsman according to Forbes. For the US women's football team, their win in the 2015 World Cup got them a $2m (£1.5m) reward. Meanwhile in the male version of the tournament, the winners were handed $35m (£26.5m) just a year earlier. These are just a few examples of a massive gender pay gap in the world of global sports that has been the standard for decades. Recent research, however, suggests that income disparity between female and male athletes has narrowed vastly over the past few years.

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Biggest gaps in prize money
Similar pay gaps can be observed across other professional sports. In golf, men in the US Open compete for a chance to take home almost $1.5m (£1.1m), twice as much the prize money for the female champion.
Take the case of Lydia Ko, from New Zealand, who in 2015 became the youngest player of either gender ever to be ranked number one in professional golf.
That year, she pocketed less money than the golfer in position 25th in the male ranking of the PGA Tour, estimates by Newsweek reveal.
Meanwhile, in cricket a victorious male team at the World Cup can make almost seven times more than the women's side.
And the pay gap is replicated also in the world's most prestigious male and female basketball leagues - the NBA and WNBA.
"The highest-paid player in the WNBA (the Women's National Basketball Association) makes roughly one-fifth that of the lowest-paid player," in the super-rich NBA, calculates Newsweek.

'A boys' club'
To achieve equality, experts say, it is not enough that the governing bodies of each sport establish gender-blind prizes - sponsorship and endorsements, as well as contractual conditions, have become some of the main forces perpetuating the imbalance.
In tennis, for instance, the Grand Slams - the four most important events in the global calendar- have already introduced equal pay for men and women from 2007, yet the top male players consistently earn more yearly due to better sponsorship deals.
That is why Serena Williams is alone in the Forbes' list of the 100 richest.
"The top 100 athletes are a boys' club more than ever", wrote Forbes' sports reporter Kurt Badenhausen when the list was released, in June.
"Mainstay Maria Sharapova failed to make the grade after reductions in her endorsement contracts." 
Those extras make up 29% of the total pie for the top 100 athletes, according to Forbes.
Ronaldo earned $58m (£44m) in salary and bonuses, but topped that up with some $35m (£26.5m) from sponsors, endorsements and appearance fees.
For golfer Tigers Woods and track star Usain Bolt, sponsorship account for over 90% of their earnings.
"Sexism is widespread from grassroots level to elite level in the sport industry," says Frey.
"At grassroots level it may mean that girls are not able to participate in a sport that is not traditionally considered to be for girls, creating bias at an early age which then follows them through youth and on to elite sport practice."
Then, she says, it translates into uneven opportunities in sponsorships and personal marketing, to the extent that most female athletes around the world are "unable to secure a livelihood from their athletic practice". 
And the trend persists after retirement.
"For retired sportswomen it is particularly problematic. Not only have they not ever earned very much money, they've probably got no pension, no house, no security," says Hathorn.
"And that's an issue for girls' aspirations: why would they want to become athletes if that's what the future holds?"

Understanding the gap
The roots of this discrepancy could perhaps be traced back to the origins of modern sport itself.
Different societies viewed physical training as an activity intrinsically linked to the "muscular male", defined against an idea of softer and more physically vulnerable femininity. 
The father of the modern Olympic Games, Pierre de Coubertin, described women's sport as an "unaesthetic sight" for the human eye and considered their participation would make the competition "impractical, uninteresting" and "improper" (although a few female athletes were allowed to take part after 1900).
Women were only competing in races up to 1,500 metres, because they were deemed physically unprepared to cope with the demands of longer events.
In terms of representation, it took until the 2012 London Games to have at least one female athlete in every country's delegation.
So the sport pay gap may well be linked to a wider imbalance - that of female participation in sport, perpetually lower than that of males.
"The participation is a problem that goes back to the school years: that's when it starts," says Ruth Holdaway, chief executive officer at advocacy group Women in Sport. 
It has to do with their awareness of the body, with how they are perceived and the gender stereotypes they encounter, says Holdaway.
UN Women statistics show that a striking 49% of girls drop out of sport by the time they reach puberty, and this has ramifications in professional and elite training later in life, research shows.

Turn on the TV
There is a general acceptance that the breadth of the gender pay gap is also a by-product of the increasingly commercial nature of sport, where media rights play a big part.
According to a study by the University of Minnesota's Tucker Centre for Research on Girls and Women in Sport in 2014, only up to 4% of sports media coverage went to female sports, despite the fact that 40% of all participants were female. 
And within the small amount of airtime received, the coverage of women's athletics is also more likely to be sexualised, portraying athletes off court and out of uniform, with an emphasis "on their physical attractiveness rather than their athletic competence", says Tucker Centre's director Mary Jo Kane.
Hence, many would argue that women earn less because the market dictates so, as female sports are "less popular" and "not as good to watch", and as a result they generate less media revenue. 
It is a self-perpetuating, "chicken and egg" cycle, equity advocators argue - audiences will not get excited about women's sport as it gets minimal exposure in the media, and the media would justify the lack of coverage by saying that female athletics do not generate enough audience engagement.
"That is not a fair argument, you have to invest first at many levels, including marketing and promotion, to get the general public more involved, and then the return of the investment will be better," says Frey.
"Had our culture been used to seeing women rather than men playing rugby or football for generations, we would find the idea of men playing sports rather novel," adds Hathorn. 
Sport gaps are in fact a manifestation of wider gender inequality, says the expert, that also translates into other more subtle forms of sexism.
For example, women footballers in international tournaments were required until recently to play on artificial turf, which is often regarded as of lesser quality than the natural grass on which male teams play.
And then there's the language: "the World Cup is assumed to be for men, while women require the qualifying 'Women's' to describe their event", says a UN document on women in sport. 

Good record
Despite the "glacial" pace, change is nonetheless advancing and indicates that the gap is getting narrower.
Tennis is usually celebrated as a shining example of this, after all four Grand Slam tournaments established equal prize money to the men and the women in 2007.

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Sports paying equal prize money (number of sports per year)
In fact, the process started in 1973 at the US Open, thanks to world champion Billie Jean King and other female players, who founded the Women's Tennis Association to fight for gender equality.
Athletics have also become a case study for good practices, particularly over the past five years, with the International Amateur Athletic Federation (IAAF) World Championships and annual Diamond series offering gender-blind rewards.
Other sports that have reportedly been paying equivalent prizes include skating, shooting, volleyball, diving, sailing, windsurfing and taekwondo, as well as some cycling events.
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Where are the Men? (Investing in Women, 2018)

2/13/2018

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Engaging men for women’s empowerment
The support of influential men for gender equality, will both accelerate progress and achieve better outcomes for women. Greater interdependence and mutually supportive relations, are essential to disrupting gender norms and achieving meaningful change. However we must realise that even with the support of men for equality, there are deep seated social attitudes which operate to impede an equitable relationship with women.

​A critical point discussed at the Philippines – Australia ASEAN Women’s Economic Empowerment Forum held recently, is the issue that a significant portion of women across societies have dropped out of the workforce in exchange for care work, with many experiencing difficulty reintegrating. Discussions during the Forum called for men and women to equally share in care work as an important step to genuinely attain gender equality in the workplace.


Stepping up alongside women

For the Male Champions of Change (MCC), an organization based in Australia, “Advocating for gender equality, relying on women alone to change the status quo is not effective enough. Therefore, men must step up beside women to help achieve a significant and sustainable increase in the representation of women in leadership.” This was the view that the MCC Chair and Non-Executive Director, Kevin McCann shared at the Forum.

MCC has been redefining the role of men in taking meaningful action to disrupt the status quo and help advance gender equality in the workplace. Their insight is simple, “to make real progress on gender equality, we need powerful, decent men to step up beside women to create a level playing field for women to shine.”


When MCC was established in 2010, they brought together CEOs of large multinational corporations in Australia, such as ANZ, Telstra, Deloitte, KPMG, and heads of Australian government agencies, to discuss issues that women faced in the workplace and what can be done to address these. MCC made sure that they worked within typically male dominated sectors such as in construction, tourism, and sports. Moreover, they also targeted their advocacy work towards shaping national discussion through media. CEOs of large companies are increasingly making women’s empowerment a business priority in their companies because they know it is good for business performance.


“We called on all leaders to set women in their leadership targets. We also committed to more robust standards of reporting progress in reaching our vision, which helped us know first where we stood, and how much work needed to be done,” McCann noted.


A significant target which MCC and its allies (Thirty Percent Club, Chief Executive Women and Australian Institute of Company Directors) have achieved, is that the ASX top fifty companies now have Boards of which thirty percent are women. Moreover, out of all of MCC’s members, 37 percent have achieved 40-60 percent of women’s participation in the leadership committee of their respective companies.


McCann also touched on the issue of appointing or promoting someone in the workplace based on merit. This is often used to conceal a variety of biases that prevent women’s progress at work.

“There is still a gap between the belief in- and the application of- a merit-based system and confronting this ‘merit trap’ can help businesses expand opportunities and achieve true meritocracy,” McCann noted.

Why invest in women?

Women have made great strides towards gender equality—for example, females are more educated than ever before—however, they remain underrepresented in the world of work, particularly in leadership roles.
This reality is also reflected when we look at data on women in the Philippines: despite ranking highly (seventh) in the World Economic Forum gender parity index, only 47 percent of Filipino women are in the workforce compared to 73 percent of men[1]. Only 30 percent of women occupy high political positions[2], and only 30 percent of firms in the Philippines include women in top management[3]. Among Board of Directors of publicly traded companies in the country, only 12 percent are females[4].

These statistics demonstrate that gender equality is more than a social issue – it is a critical economic challenge. In a 2016 study by McKinsey and Company, it was found that if the Philippines were to increase women’s workforce participation by one percentage point each year, by 2025, this would add $40 billion to the country’s gross domestic product, equivalent to a 9 percent increase.


Next steps

The involvement of the private sector is critical to the achievement of women’s economic empowerment, as demonstrated by the initiatives of MCC.

There is much to be learned from MCC’s experience. MCC suggests four principles for organizations: 1) Step up beside women; 2) Treat women’s representation as a business priority; 3) Own your numbers and share lessons; and 4) Fix the system, not women.


“It takes both women and men to shape a more gender-equal world,” McCann emphasized, and this applies to our everyday actions wherever we are, whether at home or at the workplace.
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Here's Why Women who Play Sports are More Successful (Beth Brooke-Marciniak (Fortune), February 4, 2016)

2/10/2018

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MPW Insider is an online community where the biggest names in business and beyond answer timely career and leadership questions. Today’s answer for: What do you think is the most significant barrier to female leadership? is written by Beth Brooke-Marciniak, global vice chair of public policy at EY.

According to research by Michigan State University’s Institute for the Study of Youth Sports, approximately 70% of children in the U.S. are dropping out of organized sports before the age of 13. This is particularly alarming for women because studies have shown that girls who play sports are more likely to graduate from college, find a job, and be employed in male-dominated industries.

EY research
 shows that among senior business women in the C-suite today, 94% played sports and over half played at a university level — suggesting a strong correlation between their success in sports and their success in business. In fact, of the 400 women EY surveyed, 75% said that a candidate’s background in sports positively influenced their decision to hire them. These women put a particular premium on female athletes because they know — very personally — how participating in sports can impact work ethic. So to have young women drop out of sport at an early age is not only an alarming statistic, it is a wake-up call for parents. Their girls could prematurely be walking away from something that could have a bigger long-term effect.


These statistics have caused me to reflect on my own experience as a young athlete, and specifically the role my parents played. I was a four-sport athlete in high school. I played basketball, softball, tennis, and golf. My true passion was softball, but basketball was an intercollegiate sport. I eventually decided to pursue basketball in college at Purdue and leave the other three sports behind. But my parents never tried to make me pursue just one sport. I loved the variety. I only narrowed to one sport in college when, as a scholarship athlete, it was necessary.

My father empowered me to play. He and my mother showed up to every game. They truly cared. And I loved having them there. I can’t imagine a world where they weren’t there. But there was never an expectation. They just loved watching me play. And I loved them watching me. Often, my father and I would discuss my performance after games, but only if I wanted to. I would ask him questions, and he would answer. We discussed ways I could improve, and he would practice with me in our backyard. He knew I didn’t need to be told I had made a mistake, but rather understand how not to do it again. And he would help me with that.

There’s no doubt that it was my parents’ interest and support that encouraged me to continue playing sports throughout my childhood. Their interest was pure joy, not judgment or unfair criticism. They were all in because I was all in. When I was younger, organized sports was still novel for girls. When my friends quit playing, and dropped out to be “more like girls,” I kept going. And my parents went with me. I never wanted to stop, so I didn’t. And I know that the nonjudgmental, joyous support of my parents was a huge factor — not only in my success as an athlete, but also in my professional success today.


I’m not alone in accrediting my career success back to my experience as an athlete. Later this week, I’ll be taking part in a discussion at the NFL Women’s Summit with Claire Shipman, television journalist and co-author of The Confidence Code. Claire and I will be among women leaders from business, government, sports and a variety of other fields taking part in what promises to be an amazing exchange of ideas.
In Claire’s words:
“Something happens when girls play sports — they embody the experience of not just of winning, but the critical experience of losing. It’s that process of carrying on and clearing hurdles that really builds confidence. It’s an incredibly useful proving ground for business and leadership.”
That “something” happened to me when I played the sports I chose. And it was the constant support I received from my parents that made possible the success I’ve experienced. Our EY research is further proof that there is a strong connection between sports and women’s leadership at the highest levels. So I encourage all parents to think hard about encouraging your daughters to stick with sports — your decision could affect the rest of their lives.

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